We cut the cord a few years ago. Did the same - with Hulu+Live TV, plus a few a la carte services like Netflix, HBO Max.
At first it was worth it. But eventually, with price creep, as you say, it's just about the same $$ as we were paying with cable. And when we had cable and a Tivo, we could at least skip commercials.
I'm convinced cord-cutting is still best for those who are willing to change their viewing habits entirely, trying to replicate cable content just isn't worth it. You can get about 87% of content on a la carte services now (Discovery+, Paramount +, Netflix, etc...), then kill the Hulu Live subscription and save a bunch of money. Combine this with a strategy of subscribing to a couple of the previously mentioned services at a time, binge-watching what you want, then cancelling and subbing to other services for different content - rinse and repeat.
Ultimately, you'll still miss out on old fashioned "live" TV and sports - my wife refuses to give this up for now as she likes to put on a TV channel as background noise while cooking dinner or chores, and streaming doesn't cut it for that.
Side note...funny, a few weeks ago we lost Internet for a day, and I hooked up the rabbit ears. Was pleasantly surprised by how many channels were still out there over-the-air. Made me think that may still be an option for the live TV thing.