Cut Your Overhead

Bracing For A Very Painful Year: 38% Of Americans Say That They Will Spend 2021 In “Survival Mode”. “…over 38% said they will spend the year in ‘survival mode,’ meaning they’ll focus on the day-to-day rather than long-term goals to try to get themselves and their families through 2021.” My advice to people in general has always been, Minimize your overhead. Reduce your need to earn. Now it’s more solid advice than ever. I hope this blog helps a lot of people do that, so they can be less vulnerable and not have to live so much on the edge. I’ve lived on the financial edge bigtime, and it is no fun. But I survived, and even managed to keep moving forward with important goals, by minimizing my overhead. If I can help anyone else weather a financial storm and come out stronger than ever, I’ll be very happy.

Affordable-housing shortage worsening: In my home city of Daytona Beach, “About 45% of local households spend more than 30% of their income on housing. Close to 22% of those households are especially overburdened with housing costs, spending more than 51% of their salaries to stay in the places they call home. Daytona Beach renters are impacted most heavily, with 61% of them pouring more than a third of their earnings into keeping a roof over their heads.” (I myself have at times in the past experienced long periods of time when I was spending 50% or even sometimes 70% of my earnings to keep a roof over my head. By creatively partitioning the apartment so I could have a roommate, I was able to reduce that percentage to 30 or 40.)