Let's assume that I quit my job at the end of this month. I would also like to assume that my renter has caught up on the rent and is paying regularly (I hope that happens by the end of the month). If I sold my RV for $7,000 and sold my stocks for $3,000 and used my $3,000 emergency fund, I could put $13,000 towards my mortgage. I would still owe $3,000. It would take 5 more months to get rid of the mortgage by paying the minimum, which would be covered by the rent. That means I would have to find a way to support myself (and the dogs and cat).
Looking at my budget I would be able to cut propane out because I wouldn't need it without the RV. I would love to cut my phone bill but I am stuck in a contract until September. I noticed that Verizon cut out their cheap plans. My $50 plan (after taxes and fees) is the lowest that they offer besides the $20 for 100 minute basic phone plan that isn't even advertised. But after September I could cancel it and use Skype if I really needed to.
I don't think I could bear to part with the internet. It is my lifeline and entertainment and the library is very far away. I don't have a water or sewer bill. Well, I take that back, I buy drinking water but it only costs about $8 a month. I suppose I could make the dogs drink rainwater. That would save me around $6/m.
Food is my biggest downfall. I go over budget on food every month especially since I got the dogs. If I wasn't working I would have plenty of time to do what this guy did at Grocery Coupon Guide
He maximised his coupons and deals and lived on $1 a day for food.
So, my minimum budget (with a major medical health insurance plan in a health saving account) would be $530 per month. That's still a lot of money to make appear out of nowhere. I hope that I could sell $100 worth of stuff for a few months. That wouldn't last forever but it only needs to last for 5 months until the mortgage is paid off and I have rental money coming in that I can use for myself. I should be able to use $550 of the rent for myself and keep $200 for taxes and insurance.
If I did get a home health aid job part time then I would bring in $663 per month after taxes. Problem solved. But if not I could offer to check on people's pets in their home. Hopefully I could make $200 a month at that. With selling $100 of my stuff, I'm only up to $300 a month. I think I would have to offer to clean houses too. That might bring in another $200 for a total of $500. I am still $30 short. I have always wanted to try those websites like cafe press where you can sell you shirt/mug/hat designs. I've never had the time but if I was jobless or partially employed then I would have the time to investigate. Maybe I could even earn $30 per month at it.
The best choice, obviously, is to not quit my job until my mortgage is paid off. And if I can make it that long, keep working until I have enough financial reserves so that I don't have to take another job that I might grow to hate (like cleaning houses, not that there is anything wrong with it...except for the bending, crouching, kneeling part).
I'll take one day at a time and hopefully I will make it. Another weekend is only one day away.