I just started my first week of part-time employment.  Of course it is a huge pay cut but what can you do?  I managed to get a temporary position at my “past” employer since my previous position was limited on how many contract renewals I could get.  Plus budgets continue to shrink, especially in the area of research, so really it is good for both parties.  Therefore, it is time to re-evaluate the monthly budget to make sure I can live on the new income.  Once I get that first pay check, I should know for sure what is to come.  Also, in my state, I may be eligible for some unemployment even if I work part-time.  I applied and am waiting to see what that looks like.  Generally, I believe my income will be down by about 40% but we all know bills stay the same.  They will probably increase with me being home more.

I set myself a couple tasks for this coming week.  Today, I made a list of my current average monthly expenses.  This week, I’ll go through to see where I can cut from using less electricity to student loan payment adjustments to probably getting rid of the TV portion of my cable bill (obviously I need the internet portion).  This will involve most likely hours on the phone with companies but when money is involved I can stay on the phone all day.  My other goal is to start cleaning house on the items that I own.  I have so much stuff I really don’t need.  If I do get a real job soon then I can move quickly and with less stuff.

You can look forward to more posts and updates now.  I figured why not be honest about the struggle to come.  Not giving too many specifics but enough to give good explanations of my reasoning.  I know others go through the same type of things.  And just to say I am not a crazy shopper.  The only reason I bought new clothes is because I lost 30 lbs and I needed new jeans that would fit.  A good need for new pants I think.  The only thing I probably waste money on is food.  I like good food and that is a problem, but I will drastically cut down on that now.

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