I did change my standard of living somewhat - I didn't travel this year as I usually do, cut out most useless expenses and took public transit whenever I could. We need surprisingly little to live when you think about it. At the same time, I made sure to take on small paid projects to keep fed.
I don't have any dependants, but I am married and contribute to the household financially. That hasn't stopped, I just had to take it into account when planning my runway.
I'm 28. At this point it's an experiement, If I can turn this into a business I will, if not, I'll dive back into the salaried way of life. It's a great way to live, but I just had to give my dream a shot.