Wednesday, May 30, 2012

9 Ways to Slash Your Expenses When You're Taking a Pay Cut

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You’ve made your mind up: You’re quitting your job and pursuing your passion.

That’s an amazing decision—and it should feel great—but abandoning a cushy or stable salary to make a career change is a huge leap of faith for your finances, and it can be scary. I’ve taken this risk twice since graduating college. First, I left a paying job to pursue an unpaid internship. Then again, recently, I turned down a paycheck to commit to an early stage start-up. And both times, I’ve been exhilarated, but also pretty frightened about my financial future.

Through these experiences, I’ve discovered a few ways to save big and cushion the financial transition. Read on for nine ways to trim (or, well, slash) your expenses.

Posted via email from Inspiration

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