Xbox Live Gold costs $50 per year--and that's if you pay for it a year at a time.
In this economy, I'm always looking for cheap gaming deals. Instead of cutting Xbox Live Gold entirely, why not head to Wal-Mart, where you can pick up 12 months of Xbox Live for only $30?
The cards are available online and in store, though not necessarily in stores at this price.. If your store is out, you can buy them online and have them shipped to the store for free.