Where would you cut?

iVillage Member
Registered: 01-08-2009
Where would you cut?
110
Mon, 03-04-2013 - 12:19pm

With all this talk of cutting budgets in the air, I am wondering what options people have considered if their families were forced to cut expenses.  What changes in your spending would you make if you had to cut your spending by thirty percent?

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iVillage Member
Registered: 01-08-2009
Mon, 03-04-2013 - 8:30pm
It IS a black and white question! It's my freaking question, and the only question is if you HAD to deal with a thirty percent loss of income, how would you do it? It is an arithmetic question. Not philosophy, or history, or foreign language. Arithmetic. The simplest branch of mathematics.
iVillage Member
Registered: 01-08-2009
Mon, 03-04-2013 - 8:27pm
Jams, whether you would dip into savings before cutting expenses or cut expenses before dipping into savings is a personal decision.
iVillage Member
Registered: 11-14-2011
Mon, 03-04-2013 - 8:17pm

OMG!  Do you really not understand the question, or are you just trying to stir things up?  Seriously.  Your income has just been cut.  How will you adjust your budget?

Avatar for jamblessedthree
iVillage Member
Registered: 10-23-2001
Mon, 03-04-2013 - 8:15pm

mycherubs wrote:
That is because this question is not black and white Jam like some think it is.

ITA, But that's all I'll say b/c it sounds to me like spending outweighs what's in the bank to begin with!

 

 

iVillage Member
Registered: 11-14-2011
Mon, 03-04-2013 - 8:08pm

Actually Chubs, it was a pretty straight forward question. Other posters didn't seem to have trouble answering....

iVillage Member
Registered: 11-14-2011
Mon, 03-04-2013 - 8:06pm

Chubs, who are you refering to?  Did someone "bow out"?  I missed it.

 

iVillage Member
Registered: 11-14-2011
Mon, 03-04-2013 - 8:05pm

Jams, the "scenerio" is your life.  Tomorrow, your income is cut (who cares how much).  Off the top of your head (don't worry about the math) what could you change in your budget to adjust for the change in your income?

iVillage Member
Registered: 10-01-2010
Mon, 03-04-2013 - 8:03pm
That is because this question is not black and white Jam like some think it is.
iVillage Member
Registered: 10-01-2010
Mon, 03-04-2013 - 8:03pm
Another thread you are bowing out of? Sorry to hear that. Have a lovely night :)
Avatar for jamblessedthree
iVillage Member
Registered: 10-23-2001
Mon, 03-04-2013 - 8:01pm

 

lifespeachy wrote:
<p>Jams, you are making this far more difficult than it really is.  Lets say your or your husband lost your job, how would you adjust your budget? </p>

It would depend on what your financial picture looked like to begin with, Is there a savings/reserve in your scenario or do you immediately start cutting expenses? 

 

 

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