Patting myself on the back
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|Sat, 05-24-2003 - 10:38pm|
-Cancelled non-basic satellite t.v. to save $50/month
-Quit smoking to save $120/month
-Quit diet coke to save $60/month
-Sold old beater car number one for $100 to junk dealer.
-Save gas and insurance on old beater car #1 for $87/month
-Cancelled high speed internet for dialup to save $40/month
-Cut grocery bill to $110/week, includes diapers, paper good & hygiene products. Saving $200-$300/month! (Keep in mind these are Canadian dollars)
-Cancelled one line of credit and four credit cards. Had to do them one at a time over several months cuz of a fear of not having credit to fall back on!
-Cancelled overdraft on the bank accounts.
-Removed extras on phone service saving $10.00/month
-Removed long distance on phone, bought long distance calling card instead.
-Sold old beater car number 2 for $500 to junk dealer.
-Save gas and insurance on old beater #2 for $250/month & $200 registration fee due.
-Stopped going to convenience store at night for junk food - saving $40/month
I also learned how to calculate the electrical usage of appliances. Figure I'm saving $10/month just by not leaving the coffee pot on all day, and use toaster oven and microwave alot now instead of stove. Trying to hang out clothes on line but the weather has been crappy!
Religiously do a spending plan every month, and stick to it.
Religiously save 1/12th of non-recurring expenses every month, such as property tax, house insurance, heating oil, etc... in a untouchable savings account. Withdrawals on this account require one days notice and cannot be done at a bank machine.
Calculated allowances for personal stuff, family stuff, vacation, clothing, medical, and fund those savings categories every month.
Developed a pretty much routine biweekly shopping list. Made a price book where I record store sales on items I buy alot. Only buy chicken and beef at half price, and stock up the few sales I can get until next sale comes along. Learned to make my own laundry soap!!! (that was a huge expense here). Buy practically nothing boxed, canned, or otherwise processed.
Sell kids clothing on ebay and use that income for new kids clothing. Shop for kids outerwear and footwear off season. (Hubby jokes that we 'shop in the basement' now as I have shelves of footwear and boxes of clothes down there).
Most recent great accomplishments: Have paid two property tax bills now, with cash out of saved fund. We're talking $1400 total paid here without flinching. Wow! Paid water bill with cash too.
Okay, I think that's it! I feel much better now. We went from being $300 to $400 in the hole every month to paying $620/month towards credit, plus saving in freedom funds. Year 2002 didn't see our debt go down, but it didn't go up either. 2003 has seen the debt go down by about $2000 so far (of the $3000 paid on it, stupid interest, $1000 of our money poof gone!!!
Anyone out there want to share their methods??? I'm interested.