My household cut the metaphorical cable cord about five years ago, so I've watched this idea evolve in the media from "insane notion" to "cable industry crisis." If the headlines are to be believed, consumers are abandoning traditional TV in droves, embracing streaming gadgets and apps, and watching their favorite shows mere minutes after they hit the usual airwaves.

But the truth is actually a bit more complicated than that. To help you decide whether cable abandonment is right for you, we're tackling seven major cord-cutting myths. To that end, we've borrowed some official Mythbusters terms, labeling each myth either busted or plausible. Read on to find out whether all cord-cutters are pirates, how much money you could save, and more.

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