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Article:

8 Reasons You Should Take a Pay Cut

Some Situations Present a Compelling Case for Taking Less Money

1. You Want a Shorter Commute

Jobs are increasingly scarce, so finding a good one means many people hold onto it and make it work at all costs. Hence the rise of "super-commuters" ---  -- defined by NYU's Rudin Center for Transportation as a person who works in the central part of one metropolitan area but commutes a long distance there using rail, bus, car or air from another -- were on the rise in eight of the 10 largest metropolitan labor forces in the United States. But whether you're crossing multiple state lines to work or wasting away in the more commonplace gridlock of native to major metropolitan highways, there is no faster way to drive yourself crazy than endure the daily grind of a stressful ride to and from work.

Also, with gas prices exceeding $4 per gallon in many parts of the country and transportation costs in general on the rise, you could get to a point where the cost of commuting makes you question keeping the job. So even if a new job pays less, if it's closer to home you could realize big savings -- both for your wallet and your sanity.