Temporary budget cuts

Avatar for busywith5kids
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Registered: 03-26-2003
Temporary budget cuts
7
Wed, 03-02-2011 - 9:44am

When money gets tight, what *extras* get the ax first?? I'm not talking about anything drastic like job loss, etc. But if you know money will be tight for a short period, how do you make up the difference? Or maybe some unexpected expenses have come up and you need to come up with some extra money to pay them. What do you do in thtese situations? Where do you make the cuts??

To answer my own question.................

All eating out comes to a halt for a couple of weeks. Not that we do much of it now, but we sure don't do it if money is tight.

Avatar for kathy_s14255
iVillage Member
Registered: 03-27-2003
Thu, 03-03-2011 - 8:00am
well we have dropped directv and home phone so we can put more towards retirement...so far so good...and the kids haven't complained too much :-D
Avatar for turtleemom
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Registered: 07-25-2007
Thu, 03-03-2011 - 11:24am

We could cut Netflix,

iVillage Member
Registered: 08-22-2009
Fri, 03-04-2011 - 2:41pm

Avatar for busywith5kids
iVillage Member
Registered: 03-26-2003
Tue, 03-08-2011 - 8:36pm
Good point, Heather, about knowing the time frame. I was mostly thinking in the short-term, say a couple of weeks or one month. Much longer than that might call for more drastic measures.
Avatar for scoopsmommy
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Registered: 03-28-2003
Wed, 03-09-2011 - 8:14am

Well, we have given up Diet Pepsi since October of 2010.

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Registered: 10-05-2009
Wed, 03-09-2011 - 5:58pm
if we are only talking about a month or so, then for me, it's as easy as just stop spending money. I'm not gonna turn off services, it's too costly to turn them back on. I can eat from the cupboards, only buying bread and milk. If I'm not spending money, I'm also not driving anywhere, so that pretty much takes care of gas. But I guess I've been actually living like this for so long, it seems like a no brainer. I pay all my bills when the money comes in at the beginning of the month and only buy that which is necessary the rest of the month, start over again next month. My checking account is hilarious. Every month, the same set of bills go out, mortgage, power, water, sewer, cable, trash, credit card, all in the same few days, then nothing moves out of that account again until the next month!
Avatar for sweetviolets
iVillage Member
Registered: 06-30-2003
Fri, 03-11-2011 - 12:48pm
We usually see a short term squeeze, so I start using up the pantry supplies, eliminate luxury food spending (seafood, fancy cheeses, exotic crackers, chocolate, chips), and stop any home decorating projects that require spending.