dmerritt Wrote:
Jan 17, 2013 7:29 PM
I'm cutting back and you may want to also.... I'm going to bite the bullet!!! President Obama recently ordered the cabinet to cut $100,000,000.00 ($100 million) from the $3,500,000,000,000.00 ($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. You may spend, as an example, about $2,000 a month on groceries, household expenses, medicine, utilities, etc., but it's time to get out the budget cutting axe, go through your expenses, and cut back. You should cut your spending at exactly the same ratio (1/35,000) of your total budget. After doing the math, it looks like instead of spending $2,000 a month, you’re going to have to make do with $1999.94.