Salary Cut!

Ironman92 Administrator

56,729 posts 164 reps Joined Nov 2009

Thu, Feb 1, 2018 6:06 PM

You’re employer cuts your salary 20%....and you can’t add any jobs or get a new job. What cuts do you make in your living style/budget?

For me it would be tightening of the strings a bit. Little less eating out, wife a little less online shopping. Probably explore cheaper ways of viewing tv. A little more efficient with the utilities.

It would suck but it would be ok.

iclfan2 Reppin' the 330/216/843

9,465 posts 98 reps Joined Nov 2009

Thu, Feb 1, 2018 6:53 PM

Reduce what I put in 401k, drink even cheaper vodka and no beer, eat out less, pay the minimum of our mortgage instead of extra. Would cancel cable and just use roku apps. I think we'd still be able to live comfortably. Would put off buying a new car for the wife for further than our next 5 year plan.

MontyBrunswick Senior Member

1,065 posts 16 reps Joined Mar 2015

Thu, Feb 1, 2018 7:02 PM

won't happen. this is trumps america. MAGA

justincredible Honorable Admin

37,969 posts 246 reps Joined Nov 2009

Thu, Feb 1, 2018 7:17 PM

We could handle this pretty easily. We're both putting a lot of money into retirement, plus regular savings. We could trim those a tad and make up the rest in our monthly discretionary income.

Commander of Awesome Senior Pwner

24,621 posts 244 reps Joined May 2010

Thu, Feb 1, 2018 7:19 PM

I'd move back to Ohio and increase my standard of living.

Ironman92 Administrator

56,729 posts 164 reps Joined Nov 2009

Thu, Feb 1, 2018 7:21 PM

posted by Commander of Awesome
I'd move back to Ohio and increase my standard of living.

Could you do your current job from Ohio?

Commander of Awesome Senior Pwner

24,621 posts 244 reps Joined May 2010

Thu, Feb 1, 2018 7:40 PM

posted by Ironman92
Could you do your current job from Ohio?

Yeah, I work from home & travel to destinations in the US quite a bit. Could totally do that from Ohio.

Verbal Kint Senior Member

1,062 posts 16 reps Joined Jul 2017

Thu, Feb 1, 2018 7:54 PM

posted by Ironman92
Little less eating out, wife a little less online shopping.

Was just discussing the use of commas and other punctuation when I read this sentence quickly

superman Senior Member

4,377 posts 71 reps Joined Nov 2009

Thu, Feb 1, 2018 7:58 PM

We could do it. A little belt tightening, a little less in savings.

Zwick negged this because I hurt his feelz.

gut Senior Member

18,369 posts 115 reps Joined Nov 2009

Thu, Feb 1, 2018 8:33 PM

Would hit savings for me...have to push off retirement a few more years.

Otherwise, the only real significant cuts most people can easily make is housing and cars. Someone making $80k, a 20% cut is going to work out to @ $12k after tax. I'm guessing most people are on the very margin of what housing/cars their salary can afford (even if they're still saving a decent bit).....many, many people are "house poor".

Ironman92 Administrator

56,729 posts 164 reps Joined Nov 2009

Thu, Feb 1, 2018 8:36 PM

posted by Verbal Kint

Was just discussing the use of commas and other punctuation when I read this sentence quickly

Lol’ing

thavoice Senior Member

15,437 posts 42 reps Joined Nov 2009

Thu, Feb 1, 2018 8:43 PM

Internet cancel, bye bye cable, more home cooking and less pointless driving.

OSH Kosh B'Gosh

4,424 posts 18 reps Joined Nov 2009

Fri, Feb 2, 2018 9:08 AM

Find a new job. We couldn't do it.

Zunardo Senior Member

815 posts 15 reps Joined Nov 2010

Fri, Feb 2, 2018 9:54 AM

posted by Verbal Kint

Was just discussing the use of commas and other punctuation when I read this sentence quickly

LOL also. Took me a second, because my mind was still out of the gutter.

Heretic Son of the Sun

20,517 posts 202 reps Joined Nov 2009

Fri, Feb 2, 2018 1:10 PM

Trim my phone's data plan by a couple gigs.

Dispose of cable, since I can just hit up friends for stuff I really want to watch, or listen to online radio for sports events at home.

Cut down on eating out and ordering pizza and shit.

Get cheaper with my vices.

Wouldn't be difficult to do, but it would be annoying and less convenient to the point I'd think the best solution would be to find the corporate fuck who imposed this salary cut and fuck his/her life up.

FatHobbit Senior Member

9,058 posts 68 reps Joined Nov 2009

Sat, Feb 3, 2018 1:42 AM

posted by OSH
Find a new job. We couldn't do it.

I had to take a 10% pay cut about 8 years ago and they also stopped 401k match. It's a really bad sign when your employer starts cutting pay. I hung on for a few more years but was eventually laid off. If i ever have to take a pay cut again, I'm out the door as soon as possible .

wes_mantooth Tomfoolery & shenanigans

18,072 posts 52 reps Joined Nov 2009

Sat, Feb 3, 2018 1:57 AM

I would move to a cheaper drug than cocaine....probably meth

ernest_t_bass 12th Son of the Lama

26,698 posts 204 reps Joined Nov 2009

Sat, Feb 3, 2018 10:04 PM

Get a divorce.

OSH Kosh B'Gosh

4,424 posts 18 reps Joined Nov 2009

Sun, Feb 4, 2018 12:39 PM

I had an edit to my original one, but apparently it didn't go through.

It was against the OP's rules to get a new job, but we seriously couldn't live if I or my wife got a 20% paycut. We are already scraping by with childcare costs, mortgage, and student loans. We cut a lot of fat -- no internet, tv, or social spending (literally have went out to eat 1-2 times this year). The only other thing we could cut is our gym membership, but that's going to give us back like $360 or so.

In the next 5 years, we'll have some costs drastically cut. No more student loan debt. No more ridiculous childcare costs, but that will be "different" as they'll all be in school. So, we could maybe have some money to set aside for other things.

FatHobbit Senior Member

9,058 posts 68 reps Joined Nov 2009

Mon, Feb 5, 2018 1:24 PM

posted by OSH
It was against the OP's rules to get a new job

Lol I can't read

mcburg93 permaban to basement

3,193 posts 25 reps Joined Dec 2009

Tue, Feb 6, 2018 10:01 AM

If my job cut my wage 20% wouldnt hurt me to bad. I would just pick up more sidework to make up the difference.

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