RIP my bank account 😓. Pay deferral program just kicked in. Any budget tips people can recommend to cut short term spending (other than going out to eat and dropping Starbucks. Haven’t done much of that since WFH started).

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Be careful in expecting the payment later...best case, if you can, is to assume that money will not exist. At least then, if you don’t get the money, you will be prepared for it.

This seems like a weird plan, I get it in theory, but depending on how big your firm is, that could be a terribly huge sum to pay out at one time with still a lot of uncertainty on a recovery. If things don’t improve as quickly as they anticipate...

Can you look into applying for unemployment for the reduction? I know this question has been asked/answered by others, I just don’t know the answer. You may have already thought of it, but if not, look into it.

In the short term, how much do you eat out? Cut it. Get rid of cable, choose just one streaming service.

Plan cheap breakfast/lunches. I can get a yogurt in HCOL for $.79 ea. It’s the cheap sh*t but it can be a meal depending on how big you are. Can of tuna (add some mayo and relish) and crackers can get you thru lunch for $2 or less. Pasta for dinner is cheap. Eggs are good and cheap. Buy whole chicken and learn to break it down. Tacos can be cheap and easy. Casseroles are good too - higher up front cost but you can freeze leftovers easy.

If you can, stay away from frozen meals so long as you can cook. They’re not that great for you and also not the greatest value.

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Yogurt is extremely easy to make on your own with the low prices of milk. A lot of simple foods can be had for cheap.

Definitely identify where you frivolous spending is. If any loans/credit cards, call them and work out a temp payment plan.

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What's pay deferral? You get the remaining balance six months later?

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Pay is reduced xx% and that balance is paid sometime early next year. It’s my company’s partial solution for tightened liquidity.

Review everything you spent money in the last 6 months. Look for trends and automatic payments, everything counts in the aggregate, be disciplined on every purchase.

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Look at your recurring expenses to see what can be cut. Little monthly subscription fees really add up.

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