So for many workers, like myself, we've never gone through a major downturn in our careers. As a result, our short-sightedness has put us in a difficult position of being strapped financially, which makes life pretty rough. How are you cutting back costs and stretching your dollar?For us, our first stop is cutting out unnecessary expenses. Think about it, people can spend up to $60 per month on cable / satellite TV alone. Do you really NEED HBO? Or for that matter, do you really need cable TV at all? Cutting back temporarily while you're still in the midst of job searching can create a longer runway to find the right gig, rather than the necessary gig.
Along the same tip, we've started clipping coupons. Spending half the money for a full load of groceries is more than doable, though admittedly for single people, the savings don't add up as quickly as they do for larger families.
What's your dollars and cents savings? How do you lengthen the job searching runway so you end up with the right gig, rather than any gig?
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Reader Comments (Page 1 of 1)
Alex Rudloff says: (2:46PM on Jun 30th 2009) Vote Up Vote DownReport2/5
BillShrink.com worked really well for me -- cut about $20 off my monthly phone bill right away.
Kathryn and I also have learned to eat on the cheap by cooking things with simple ingredients. Makes a big, big difference. Packaged meals, eating out and processed foods all consume a huge part of your budget if you aren't careful.
Cutting tv and phone -- do you really need a land line? Do you need all those long distance minutes? Can you get away with just hulu.com for tv?
Monitor your CC bills for monthly expenses that you don't need. Be ruthless about cutting them.
Back when we were in start up mode and I didn't have much coming in, I called to cancel Tivo and discovered just how willing companies are to retain you. The cut my monthly bill to something crazy low (from 20 to 6 I think). I called rivals.com to cancel not to long back and they offered my 6 months free. I made a calendar entry to remind me so I can reevaluate when my free trial is up.
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