Want to find an extra $500 – $1,000 (or more) a month in your budget? Stop digging in the couch cushions. The real money isn’t there.
Many of my readers are seasoned frugalites who could out-do me in a grocery game any day, but maybe – just maybe – one or two or 10 of you are ready for some tough frugal love.
You spend what (or more than) you make, the bills are piling up, and working more hours isn’t the solution. You’re ready for change.
Perhaps a job loss is on the horizon, or maybe you’re looking in the face of unexpected expenses. Possibly your oldest child is now taller than you and oh my goodness, he’s going to college next year. Or, it could be that you are just sick. of. it. Tired of spinning your wheels in the never-ending cycle of making more, spending more.
If you’re ready to get serious about finding money,
- Stop eating out. If your family of five eats out twice a week, that has to be costing you at least $200 per month. Knock it off. Eat at home! And save some money on groceries while you’re at it.
- Cut your cable. I don’t even know how much cable costs, because we’ve never paid for it, but I’m guessing you could save $20-$100+ per month by reducing or eliminating your cable or satellite subscription.
- Quit buying your kids stuff. Instead, give freely of your time. Children are minimalists: it’s your time and attention that they want, not your stuff. (Yes, even the older ones.)
- Stay home. Not only will you rediscover how much you enjoy your family, but you’ll strengthen that bond without spending a dime.
- Plan a no-spend Christmas. Christmas will still be Christmas without needless spending, I promise.
- Know that you have enough. In fact, it’s quite possible that you live in abundance.
- Drop your health insurance. (Edited due to BAD choice of words on my part.) Switch to a healthcare sharing ministry. (We haven’t done that, but it sure seems to work for Joy’s family!)
- Downsize. If you’re living in a 3,000 sq. ft. home (that you can’t afford) with 5 bedrooms and 2 children… why?
- Give up your love affair with the pricey cell phone. Ours is functional, and it costs $8.34 per month.
- Pay with cash. If you don’t have the cash, don’t buy it. (Full disclosure ~ we don’t use cash. It hasn’t worked for us, but I challenge you to find many people that are more tight with their money than we are.)
Have you greatly reduced your budget recently? What strategy did you find most helpful?
This post is linked to Frugal Friday.