If your income declined 35% over a six month period, how well would you be able to manage your budget?
by 
Old School
ANSWERS: 9
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that would suck. i think i could do it though but i have the motivation of two young children and a wife to provide for.
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We'd mananage. We can do very well on very little. We'd stop the "wants" and focus on the needs. We can stop our cable subscription and that would save 72 bucks a month right off the bat. It would take some adjustments but it is do-able! :)
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Like I basically am right NOW .... I am over $500 BEHIND on my Real Estate Tax Account and have no clue on how to make it up ... Hopefully; I can find another tenant for the xtra bedroom who can and will pay the rent ... THEN; I might be able to make it .
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With more income comes more assumed "needs". I wouldn't be any happier with 35% more or 35% less. When I have less I just think about the more than one billion people in the world who live on less than a dollar a day.
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Our income declined 90% and its been 4 months now. Were doing fine. Just means we go out less, choose our meals wizer...and really, lol...do what we do. We never did much anyways. Everything is fine, no worrys...no problems. The cool thing about being laid off...the whole family (which is in aircraft) is lots of barbiques, get togathers...pool parties, kids...just kickin it...is like the 4th of july every week! whoooo!!!
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been there done that many times, due the the ignorant actions of other drivers I'm glad my wife can squeeze a dollar till Goerge screams and the stomp him and make him bleed
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I would manage just fine. I have basic household bills and only one loan payment, for my car. If I had to give up anything, I guess it wold have to be cable and internet. No sweat, been there many, many times in the past.
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It would suck but I'd manage okay. My budget is eaten up by only about 50% for needs, the other half is totally wants so I'd just cut off those.
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I'd be able to manage. I could always cut back on certain expenses if needed.
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