Could I Live on a Pay Cut?

. at . 3 comments

The economy has hurt more than businesses, California state workers and households. It has affected tithes to churches, at least to the denomination my church is associated with. Giving is down so much that all the workers have had a 40% pay cut.

I get paid twice a month. If my pay was cut 40%, could I live on the money left? After paying rent and tithe, I’d have $51.69 until the next pay period. (I don’t get paid the same amount each pay period.) I’m going to see how far that gets me.

In May I tracked my regular spending. (I haven’t analyzed yet how/why I spent the money.) For this month I will try to live on 60% of my paycheck. I’m sure I can’t do that since many times it is too close for comfort.

But let’s see how far discipline, wise choices, sacrifice, creativity and prayer will get me. And if there is any left, I’d like to tithe some/all of the money to some of those workers who have a pay cut for real.

Entry filed under: Frugal.

August 30 Day Declutter Challenge – Day 6 August 30 Day Declutter Challenge – Day 7

3 Comments Add your own

  • 1. doodah!  |  . at .

    Blessings on your head, Ms Susan.

    Like

    Reply
  • 2. SHula  |  . at .

    What a wonderful idea! I am going to contemplate the challenge of one month at 40% reduction. What would that mean for my family? More importantly, what could we gain by experiencing that?

    Like

    Reply
  • 3. susan2009  |  . at .

    I am finding that it means saying a LOT of “No’s” to myself. I am seeing that much of what I say “no” about is not that needed by me.

    Like

    Reply

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