The President ordered the cabinet to cut a whopping $100 million from the $3.5 trillion federal budget! I’m so impressed by this sacrifice that I have decided to do the same thing with my personal budget.
I spend about $2000 a month on groceries, medicine, utility bills, taxes, etc, but it’s time to get out the budget cutting ax, go line by line through my expenses, and go to work. I’m going to cut my spending at exactly the same ratio -1/35,000 of my total budget. After doing the math, it looks like instead of spending $2000 a month; I’m going to have to cut that number by six cents! Yes, I’m going to have to get by with $1999.94, but that’s what sacrifice is all about. I’ll just have to do without some things, that are, frankly, luxuries.
I took this idea from one floating around the internet and adjusted it to my circumstances. I encourage you to do the same.
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