Well, I don't really see any other areas that I can cut and save money. I have certainly considered everything that kanwisch mentioned, which is one of the big reasons I want to sell now. I'd hate to have an incident which would cost more money. Regardless of how safe I ride, we can't predict the future and I've seen that ANYTHING can happen at any time.
Bandit, I'm not broke, and keeping the bike won't make me broke, but I want to save money in case things don't pan out as quickly with the new job next year. I may have to dip into savings and I want to have plenty saved. Taxes, title, extended warranty, etc. came to $9300, so payments are $400 per month. I owe about $7600 on the loan right now. If I sell now, I can pay MOST of that off from the sale price of the bike and then make MUCH smaller payments over the next couple years. I'd be able to save about $300 per month over the course of the next year, plus whatever I'd save from insurance and license plate rebates.
No Worries, I can't cut cell phone because it's necessary for work, both in this job and the next. I don't have any cable except absolute basic and there is no point in cutting high speed internet. I don't have a home phone, so I would need that, plus the cost of dial-up would put me close to the cost of high speed internet. Not much savings. Besides, I need internet in order to finish up school. I don't watch many movies at all, so again, not saving any money there. I can't save any more money on a car because I have a 91 Toyota Corolla which means low insurance, NO payments and very little maintenance. Believe me, I've run through ALL of this and selling the bike would save me the MOST money possible.
I would be taking a pay cut for about two or three years, so I really think it's in my best interest to sell the bike. Hate it, but really need to do it. I will also be selling off excess stuff on eBay, just to make sure I get as much money as possible into savings.