tightening your belt?

30 10 2008

How’s this economy affecting you?  I didn’t think it was, until I took a closer look at our finances.  I started using Mint (www.mint.com) to track all of our accounts.

It’s not pretty.  I’m relying on God as always, but it’s time to start living below our income.  We’re cutting expenses.  We’re going to give up cable TV.  We’ll reduce our driving if we can.  I sold a vehicle I didn’t need.  My wife is considering working (she’s been a stay-at-home-mom).  We may even decide to sell our house.

The odd thing is I have a great job.  My pay hasn’t kept pace with inflation though – especially the inflation in food and gas costs.  Health insurance has also eaten up more of my salary.

What about you?