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How do you survive a pay cut?


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My check just got cut $160, which is a pretty big deal to me....what could I possibly do now? I was already broke to begin with.

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They decided to cut the overtime hours and instead bring in other workers which could cover those shifts for minimum wage. I probably could find another job but...this really sucks.

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Looking for another job is an option. Getting a part time job is an option

 

Do you have a budget? You need to make one at least in the short term so you can see what to cut.

 

Do you have things you can sell? Would you consider being a driver for Uber or Lyft to make money? Try listing your services on Task Rabbit.

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Grumpybutfun
They decided to cut the overtime hours and instead bring in other workers which could cover those shifts for minimum wage. I probably could find another job but...this really sucks.

 

That is so greedy of your company. The only thing I can suggest is to cut out all unnecessary expenses until you can find another job that pays more.

Good luck,

G

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UpwardForward

Are you a collector or with expertise with certain things?

 

Some make extra money with going to garage.yard/estate sales and re-selling on eBay and such.

 

Or perhaps beginning a business working from home

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I'm going to play devil's advocate for a second as someone that has to survive in this economy.

 

 

Sometimes business owners have to make decisions to continue providing you a job. If cutting overtime allows them to stay in business, then that's what had to be done. There is no joy in it.

 

 

And this is what I'm going to say that makes me very unpopular:

 

 

Get used to it.

 

 

Unskilled labor is a dying commodity. Machines are on the rise, and automation is going to sweep up most of the menial jobs in the next 20 years. If I could give anyone advice it would be to invest in your education and skill-set. Become skilled labor. I know in software it's hard to find good developers because even the crappy ones get 100k+ a year due to the mass shortage. I've been lucky in my hires.

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I'm going to play devil's advocate for a second as someone that has to survive in this economy.

 

 

Sometimes business owners have to make decisions to continue providing you a job. If cutting overtime allows them to stay in business, then that's what had to be done. There is no joy in it.

 

 

And this is what I'm going to say that makes me very unpopular:

 

 

Get used to it.

 

 

Unskilled labor is a dying commodity. Machines are on the rise, and automation is going to sweep up most of the menial jobs in the next 20 years. If I could give anyone advice it would be to invest in your education and skill-set. Become skilled labor. I know in software it's hard to find good developers because even the crappy ones get 100k+ a year due to the mass shortage. I've been lucky in my hires.

 

Believe me, there is no chance I will stay at this job or hope to stay at it for very long. I'm an amateur robotics/software engineer and am currently working on a business idea that will hopefully get me out of this job using that, however in the meantime...yeah I'm stuck here, since you need money to make money.

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That is so greedy of your company. The only thing I can suggest is to cut out all unnecessary expenses until you can find another job that pays more.

Good luck,

G

 

Same cycle at my jobs I know some people I know have to go through. They spend money recruiting, screening, and training new hires and when the new hires leave for better pastures and/or left cuz they just came for the training/certifications - it's back to putting senior/seasoned/permanent employees on overtime.

 

While bringing in new hires may be cheaper in wages temporarily, I still don't see how the company saves when they waste money in recruiting, screening, and testing. Worst, new hires are prone to not be as efficient as senior employees. Then, the money lost in training people who just got hired to get free training/certification.

 

Anywho, to the OP, years ago one of my senior peeps in the military told me that when I got a pay increase (I guess you can include overtime) to continue to live on my current budget and put the rest away. Cuz, thing is, we seem to increase our lifestyles (home, house, clothing, car, etc) with promotions, overtime, etc and if something happens out of the blue, we're scrambling to make ends meet. So, I recommend not budgeting based on overtime pay, bonuses, etc.

 

Next, I kid you not, write down every thing you spend on. Even a cup of coffee. You'll be surprised on how it all adds up.

 

Then seriously look at your bills. I called my celphone provider and shaved off $20 from my monthly bill, was wasting money on grain free dog food when my dog was simply having seasonal allergies, I save on gas by running errands all at one time to/from work, etc.

 

Food...Keep your food simple. When it's me alone w/o mum, I barely buy all the veggies and fresh seasoning she does and I cook in bulk Sunday and maybe Tuesday and eat it all week. I bring food, coffee, snacks, water, etc from home. Eating out is a killer - even McD's.

 

Good luck :)

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Think of work in business terms and nothing else. They made a business decision that benefited them and affected you in the adverse. It's nothing personal, just business. Feel free to do the same in return. Look for better employment. Nothing personal, just business.

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I always used pay or hourly hits as an impetus to ramp up my side work. Eventually I left and went after the company's customers and got a goodly portion of them. Like another poster mentioned, it's business. No prisoners. Let the lawyers settle things out.

 

More short term, contract one's lifestyle. Cut out luxuries and focus on essentials. There were times post-D when the local economy was in the toilet that I started eyeing the cat food as a viable dinner when the pantry was mostly empty. One does what one has to do. Sell stuff, take on a part-time job, whatever.

 

It'll work out.

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Believe me, there is no chance I will stay at this job or hope to stay at it for very long. I'm an amateur robotics/software engineer and am currently working on a business idea that will hopefully get me out of this job using that, however in the meantime...yeah I'm stuck here, since you need money to make money.

 

Since when do you need money (personally) to make money? When I started my first company I moved to my aunt's basement and ate peanut butter for a year like a freakin' cliché.

 

 

If you want something bad enough you will get there. Every man wakes up, and every man goes to sleep. Being able to do whatever you want in the hours in-between is the real dream. Money can't buy that. My 6-figure programmer salary at the age of 22 sure didn't.

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That is so greedy of your company.

 

It's greedy? It's overtime.

They are trying to cut expenses. If you could cut $160 of expenses by paying $100 instead, you wouldn't do it?

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Same cycle at my jobs I know some people I know have to go through. They spend money recruiting, screening, and training new hires and when the new hires leave for better pastures and/or left cuz they just came for the training/certifications - it's back to putting senior/seasoned/permanent employees on overtime.

 

While bringing in new hires may be cheaper in wages temporarily, I still don't see how the company saves when they waste money in recruiting, screening, and testing. Worst, new hires are prone to not be as efficient as senior employees. Then, the money lost in training people who just got hired to get free training/certification.

 

Anywho, to the OP, years ago one of my senior peeps in the military told me that when I got a pay increase (I guess you can include overtime) to continue to live on my current budget and put the rest away. Cuz, thing is, we seem to increase our lifestyles (home, house, clothing, car, etc) with promotions, overtime, etc and if something happens out of the blue, we're scrambling to make ends meet. So, I recommend not budgeting based on overtime pay, bonuses, etc.

 

Next, I kid you not, write down every thing you spend on. Even a cup of coffee. You'll be surprised on how it all adds up.

 

Then seriously look at your bills. I called my celphone provider and shaved off $20 from my monthly bill, was wasting money on grain free dog food when my dog was simply having seasonal allergies, I save on gas by running errands all at one time to/from work, etc.

 

Food...Keep your food simple. When it's me alone w/o mum, I barely buy all the veggies and fresh seasoning she does and I cook in bulk Sunday and maybe Tuesday and eat it all week. I bring food, coffee, snacks, water, etc from home. Eating out is a killer - even McD's.

 

Good luck :)

 

Thanks for the advice! I have managed to become more efficient since the cut. I cut out the $80 garage, and went to my phone provider and cut the bill by $46, or 22%.

So I'm only in minus $40, and I'm guessing I'll find a way to be more efficient with food next like you said. Also, you will not believe how many trips my mom makes to the store and how much gas she wastes. She likes to buy individual items daily, I think she just needs social contact at the store but yeah it is very wasteful.

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That is so greedy of your company. The only thing I can suggest is to cut out all unnecessary expenses until you can find another job that pays more.

Good luck,

G

 

How is this greedy of the company? A company needs to look at its ROI and this may have been the best business decision.

 

Based on this logic, wouldn't you argue that it is greedy of the OP to assume overtime since that is more than regular hours?

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OP - since you aren't working the OT now, pick up another job or go look for a better paying full time job.

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$160 a check or per month? That doesn't seem like it would break the bank unless you weren't making much to begin with. I know I couldn't afford that much of a paycut as I only make a few bucks above minimum wage. It sounds like you should look elsewhere. In the meantime, find ways to cut back. Lower cell phone plan...coupon, dollar tree and discount grocers. Saving $160 shouldn't be too difficult.

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