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On purpose: GratefulSaver's Personal Finance Blog
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On purpose

October 5th, 2019 at 12:24 pm

Some of you probably gasped when I mentioned that I took a $60K pay cut recently. This move was years in the making. My husband and I worked hard to get rid of any consumer debt, except for the mortgage. We also establish a two-year emergency fund. In addition, we generate $1,500.00 in rental income. We are now living on $53K gross income (not including the rental income or the occasional overtime pay for my husband). We try to keep our bills low, we eat most of our meals at home and have no consumer debt whatsoever. The rental income is used to pay for a vacation home we bought several years ago. We have no intentions for now to get rid of this property.

As a result, my stress levels are much more manageable and my sleeping patterns have normalized. This is worth every penny I lost in income.

6 Responses to “On purpose”

  1. CB in the City Says:

    All good!

  2. creditcardfree Says:

    Excellent and wonderful to hear this was on purpose. For some that would be an emergency to have that loss of income! I'm sure you have some great tips to tell how you made this plan work.

  3. Petunia 100 Says:

    So you are retired? Excellent work! I'm jelly. Smile

  4. GreatfulSaver Says:

    I'm not retired; I work a part-time job. Smile

  5. Jenn Says:

    Good for you! Your spending is aligned with your values. That's where we all want to be.

  6. Jenson Buck Says:

    Good for you, I also tried the same thing but did not work for me. But all good now!

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