To bring home an additional $1,032 a year after taxes, you would need to earn $1,579.18 more per year. If you are earning $50,000 a year then you will need a 3.16% pay rise.
By simply cutting your expenses by $86 a month you have, in effect, given yourself a 3.16% pay raise. Go ask your boss for a 3% raise today and see what he says.
Hopefully, your boss will say “Yes” and you have just ended up giving yourself nearly a 6% pay raise. Remember, if you haven't already done it, use that pay increase to start saving your first $1,000.
Now for full disclosure after about six weeks I did decide to ahead and get Netflix at $16 a month (there are cheaper plans) but that was still a savings of $70 a month.
So there you have it, a penny saved is greater than a penny earned. Today we need to add those two words to make it true. Maybe we should update some of the other quotes too. "The savings is mightier than the earnings". Well thinking about it, maybe not.
Finally, for history's sake, I'll take credit for the latest version, circa 2018.