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Reply to "If you had to cut $1,000 from your monthly budget "
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[quote=Anonymous]We recently cut back about $2500 per month so we already leaner than before. If we had to cut another $1000 per month we would do the following: 1) Cut cable 2) Increase deductibles on insurance ??? 3) Stop prepaying mortgage. $500 4) Cut the rest of our vacation budget. 5) Lower food budget again and move further to vegetarian diet 6) Stop going out to eat at all (already cut to every other week) If it were dire, we have several options 1) Go into savings until children are out of HS 2) Rent out home and rent a 2 bedroom condo/apartment in HS district. (Rental income- mortgage/taxes =$1500pm more in income) 3) PT-WOHP would go back to work fulltime. Currently at home due to increased parenting required for special needs children and would only do so as a last resort.[/quote]
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