loss of income

  1. if you found out today that your wages would be reduced by 600 dollars a month/ or your bills would increase buy 600/month what changes would you make now?
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    Joined: May '01; Posts: 1,253; Likes: 15


  3. by   cactus wren
    I`d quit making thosw forays out to visit the Indians Just can`t win, but keep telling myself that i`m helping the local economy....And I`d quit looking at those purty new cars that I want.....
  4. by   RNinICU
    This isn't hypothetical for me. When the company my husband had worked for thirty years went bankrupt three years ago, our income was reduced by about 40%. We quit going out for dinner every week, and started buying more hamburger and less steak at the grocery store. We don't make luxury purchases, and reduced spending for Christmas and birthdays. I put off my new car purchase for a few years, and we both buy fewer new clothes. One thing I did not cut back on was the amount I put into savings and my retirement account.

    Unfortunately, with the economy in our area, and the fact that it is harder for older workers to find a job, he is still unemployed. He is still looking though. He has not given up.
  5. by   live4today
    Well tiger......this happened to me five years ago, but I lost a lot more than six hundred dollars a month! I lost my entire income when I injured my right shoulder.....and I did NOT gain any financial assistance.....other than from my husband.......for my nursing wounds, either.

    I went from being able to travel, buy clothes when I wanted to, give away money right and left to people in need (family and sometimes total strangers) to not being able to do those things anymore.........to taking the bus because I had no car........to not being able to go to the dentist like I would like to. I still have a tooth that has lost its' temporary filling, and needs another one to this day because of my lost income five years ago.

    Being married to a soldier makes me a "Missionary's Wife"......as the income sucks bigtime.......HOWEVER....it does keep a roof over our heads, feeds us and keeps us from starvation...provides the bare necessities...and affords us a few movie and dinner dates each month. I am sooooooooo looking forward to regaining my nursing income.........of course, if Clearing Publisher's House wishes to pay me a visit and drop a whopping check on me, I'd be ever so grateful! :kiss
  6. by   Sleepyeyes
    check out the ways to save:

    Buy a copy of the Tightwad Gazette (or check it out at your local library)

    Or check out back issues on the website: http://www.context.org/ICLIB/IC26/Dacyczyn.htm

    Or the Cheapskate Monthly:

  7. by   LasVegasRN
    Hmm. Serious biting the bullet. I'd start with cancelling cable. Cancel my online subscription. Take off all the "special features" on my home phone like call waiting, caller ID, etc. Disconnect my second phone/modem line.
    Start seriously clipping coupons and shopping at discount grocery stores like Food 4 Less. No eating out. My dog would have to get used to a regular dog food like Kibbles and Bits, no more Science Diet Senior. Cancel cleaning people. Cancel my lawn guy.

    Would hate it, but would do what I had to do in order to maintain house and home.
  8. by   eldernurse
    I would work overtime in addition to all the other cuts. Give up the internet? Don't think so
  9. by   JonRN
    Go to Yahoo and subscribe to frugalliving, it is all about saving money. Many people on there have lost jobs etc. and are making do. We don't have a large income so I paid everything (house, car etc.) off while I was still working. Interest will eat you alive. We couldn't be happier, neither one of was rich as a kid, and we can and will survive no matter what happens. Country people can eat squirrels, rabbits, and fish if they need to. We can grow gardens. If everything went to hell, we could even close our road off, we have nurses me and SIL for medical care, neighbors that are great woodsmen and hunters, lots of military experience, mechanics, everything but lawyers on this road. Pity the fool that tries to come and steal our food if times get really hard.
  10. by   Lausana
    I'd probably have to live in a 'van down by the river'.

    I'm already at bare minimums right now so not much else I could cut except my one luxury-cable...I guess we could eat only tuna helper & ramen noodles!! :chuckle Perhaps when I earn a real check I could give you a better answer!