I don't plan on quitting my job but what if? Could we make it?
Y's Income: $2800 (its not quite this high now but I'm assuming we wouldn't be flexing $5000 annually if I wasn't able to work)
$350 Irregular expenses including property taxes and all insurance
This would leave $1021 monthly for gas, groceries, savings, and all miscellaneous spending. I think we could do it but it would be tight. Our income taxes would go down substantially so that might increase our income a bit. If you notice that this budget doesn't include either the tractor or car payments. Those would need to be paid.
This would be doable but not for an extended period of time.