The U.S. economy is in tough shape right now, and consensus opinion says things are going to get worse before they get better. A lot of people are cutting back, considering a second job, and working hard to make their income stretch as far as possible.

For me, an extra $500 would give me a lot of extra breathing room in my monthly budget. It would go a long way towards achieving my goal of total financial independence. In short order, I would be free and clear of my credit cards and my car payment, allowing me to start saving all that money I’m currently throwing at monthly debt payments. I can’t wait for that day to come!

How about you? How would your life change with an extra 500 bucks per month?