Really? If your rent is $1500/mo, you've only got $1K/month left. That's $33 a day for food, gas, tires, doctor's visits, surfobard wax, etc… You're frugal, dude! Hopefully your girlfriend or wife is too or she'll be complaining haha…
That sounds about right. I’ll take it one step further and call myself a CHEAP BASTARD. Truly some of the best things in life are free.
I had one other thought: you may want to research salary statistics for the management position and negotiate with that. Better yet, go to some interviews at other companies to see if you get better offers, then come back to the one you’re at and see if they’ll play ball. Don’t be emotional or let them play on your loyalty. That’s all BS and if the bottom line was improved by laying you off, any company will do it in a heartbeat. The job of your manager is to get you to do the most work possible for the least pay. Keep that in mind.