The Reality of Making Less Money

Last Friday I posted about making money on the side, it’s becoming more and more apparent that I’m going to have to do something with regards to this. Over the weekend I deposited my paycheck into the bank and then promptly realized that I’m completely and utterly broke. The money I’ve got coming out this pay is pretty much the same if not a little bit more than the money in my account. It’s a very surreal feeling knowing that you have absolutely no wiggle room whatsoever.

It’s also very sobering knowing that taking a job that pays me less money has made such a big impact. It just goes to show that I haven’t really been paying attention to my spending habits enough. I received a comment to Fridays post suggesting that I look at reviewing my cashflow and trying to reduce it and invest what I can; a great suggestion but I’m not sure how much more I can eek out.

I guess I should have thought about the impact that changing jobs and the two-week pay gap would have. I think that this is something that most people forget when they’re changing jobs; I know that I didn’t keep it in mind as much as I should have. Thankfully in another pay or two things should even out and I should be able to pay for everything without running into the situation where all of my money the day I get paid.

[tags]money, pay[/tags]

2 thoughts on “The Reality of Making Less Money”

  1. Ouch – that two week crunch! It sounds like you’ll manage for the short term, although perhaps with some turbulence. Regarding the supplementing-income question, one exercise I did years ago that helped was: for a full month, every single night, write out 10 things you could do to increase your income. This is a no-holds-barred activity. Obviously, a number of items you list will not be ones you choose to pursue, but by allowing yourself total freedom in jotting down ideas, the odds increase that a couple of them will have real merit, for getting you some real money.

    Best wishes!

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