Where would you cut?

iVillage Member
Registered: 01-08-2009
Where would you cut?
110
Mon, 03-04-2013 - 12:19pm

With all this talk of cutting budgets in the air, I am wondering what options people have considered if their families were forced to cut expenses.  What changes in your spending would you make if you had to cut your spending by thirty percent?

Pages

iVillage Member
Registered: 11-14-2011
Mon, 03-04-2013 - 4:40pm

Litlmiss, it seems the ones who think that they are "safe" or that thier jobs are secure are the ones who are blindsided.  Even when families have savings, If spending isn't adjusted, the savings goes quick.  I always try to plan for the worst case scenerio (and hope for the best).

iVillage Member
Registered: 11-14-2011
Mon, 03-04-2013 - 4:35pm

Bord, just the idea that she thinks I would care where her money goes is laughable.

iVillage Member
Registered: 01-08-2009
Mon, 03-04-2013 - 4:32pm

Nobody is asking where your money goes.  You can see that people are answering things like they would get rid of a third vehicle, or save less, or they would cut discretionary travel, things like that.  You claimed that there was no fat in your budget, and that you could not cut back any further.  That implies that you don't have any discretionary spending, everything is on necessities.

iVillage Member
Registered: 11-14-2011
Mon, 03-04-2013 - 4:28pm

" I think that is a personal question to ask of where our money goes"

Except that no one asked that....

 

iVillage Member
Registered: 03-01-2013
Mon, 03-04-2013 - 4:27pm

No, it was the approach of what WE wanted to do and the amount WE wanted to save. It might just be a nickel and dime approach to you but it was not to us. I think that is a personal question to ask of where our money goes IMO since I don't even share that with my friends and family lol. I WILL say that we are doing ok, if you were worried. We both are blessed with steady incomes, able to put money into savings, retirement funds, able to go on an anniversary vacation this year (which I guess I could say THAT could be cut if we needed to as it is not a need but a want). No cc debt, only one very low car loan and ability to pay all our bills and still be able to have some "fun" money (which usually goes to the kids anyway for school or friends things lol).

iVillage Member
Registered: 01-08-2009
Mon, 03-04-2013 - 4:21pm

rosenylund wrote:
Not really Bord. As I said I have cut everything down that I could and have savings as that is more important than having the extra cable stations, dvr, newspaper, etc. that I have cut out of my budget. :)

Well, if you have cut down everything you could, and yet could not cut down your expenses by thirty percent, how are you not living close to the wire?  For instance, you could not, if you had to, cut down travel, or clothing purchases, or cable, or ANYTHING?

iVillage Member
Registered: 11-14-2011
Mon, 03-04-2013 - 4:19pm

Getting rid of extra cable stations and the news paper is a nickle and dime approach. 

Both you and your husband woh....Do you live off of just one income? 

Avatar for rollmops2009
iVillage Member
Registered: 02-24-2009
Mon, 03-04-2013 - 4:16pm
For us, that would be simple. We eat out a lot and I buy a lot of shoes :) Both could be cut without any real pain.
iVillage Member
Registered: 02-04-2009
Mon, 03-04-2013 - 4:15pm

rosenylund wrote:
That is one advantage of my area, the water bill is CHEAP. lol. It costs me about $30-40 every 3 months :)

Well, that's just fascinating.

************

Kitty

"If you can't annoy somebody with what you write, I think there's little point in writing."-- Kingsley Amis, British novelist, 1971 t .

iVillage Member
Registered: 03-01-2013
Mon, 03-04-2013 - 4:14pm
Not really Bord. As I said I have cut everything down that I could and have savings as that is more important than having the extra cable stations, dvr, newspaper, etc. that I have cut out of my budget. :)

Pages