2006-08-22 04:39:32 · 7 answers · asked by Slutlana 4 in Business & Finance ➔ Personal Finance
Some people would try to shave off money here and there to squeeze themselves into the new salary. Personally, I would start right from the beginning. Completely ignore your previous salary, and start out with your current salary. Subtract the necessities: rent/mortgage, bills, insurance, RSPs, etc. See what's left and divide it amongst your "wants".
Things to consider are: cutting out restaurant meals, bringing a lunch to work everyday instead of buying, going from 2 cars to 1, public transportation, ditching the cell phone, downgrading from highspeed internet to "not-so-highspeed", .... some ideas.
2006-08-22 04:50:50 · answer #1 · answered by ontario ashley 4 · 0⤊ 0⤋
Depends on how big the pay cut is. There are a few things you can do to save money here and there. Shop at discount stores and buy on-sale. You can also shop at dollar stores they save you a lot of money. The cleaning products there have the same ingridients and the big brands and you can also find some brand names too. Also call your creditors let them know the situation see if they can lower your monthly payments or help in any way.
2006-08-22 04:48:40 · answer #2 · answered by honey27 4 · 0⤊ 0⤋
How much money are you worth? Why do you let your boss decide how much money you are worth? Work for yourself and you'll never have to be undervalued by some pencil necked jerk of a boss again! Best decision of my life was to go into free enterprise, now I average $20k a month and my time is my own.
2006-08-22 08:13:09 · answer #3 · answered by jayne_galaxy 3 · 0⤊ 0⤋
cutting back on everything . Buy fish instead of lobster , buy strip steaks instead of filet mignon , sell any unused stuff that is cluttering your house , get a second job so you can pay for the gas to get to your first job , trade down from your Hummer to Escalade , and eat home more often.
2006-08-22 05:21:47 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Basics first...food & utilities, rent, car costs (inc gas & repairs)...
Next, credit card old balances...don't use them till you get on your feet again. Then, only IF you DESPERATELY need something. You usually don't.
Nothing else till you know where you are going...
no partying, no drinking, give up ciggies....
2006-08-22 04:53:47 · answer #5 · answered by fairly smart 7 · 0⤊ 0⤋
Try using debt busting budgeting, works even if you not in debt
http://www.quazen.com/Home/Personal-Finance/Managing-your-Debts,-a-common-sense-approach.525
2006-08-22 04:48:38 · answer #6 · answered by welsh_witch_sally 5 · 0⤊ 0⤋
look for a new job
2006-08-22 04:46:16 · answer #7 · answered by sisy j 3 · 0⤊ 0⤋