Category Archives for "Frugal Ways to Save Money"
Frugal Ways to Save Money posts
Frugal Ways to Save Money posts
We are still talking about managing our debt so why are we talking about meal plans? Let me go back to my story. I had a goal it was to pay for prepaid college for my daughter. I didn’t have the $281.00 a month to do that. I cried.
I cried because it is hard to not be able to do for your children. I cried because I had agreed to be a stay at home mom and I didn’t have the ability to add to the income of our house. I cried because it was the first time I really wanted something and I couldn’t have it for our child.
Then I decided I can do this. I can use the money we had in a way that would allow me to provide for my child’s future. That is what I did. You can still follow my path and write out your budget. I suggest starting with this post >>> How to Save Money Using a CalendarContinue reading
Are you on pins and needles. I plan to tell you the truth about debt. It isn’t what you save. It is what you spend. You can save all day if you are spending like a faucet controlled by a two year old you will never get out of debt.
These are three ways you can stop spending right now:Continue reading
I hate being cheap. I promise you will not “die”. It may feel like it when your kids ask for something they really want that you could buy and you say no. It may feel like it when you want that juicy steak and instead order a hamburger. It may feel like it when your friends are going on fancy vacations and you are doing a stay vacation using hotel points and you brought your instant pot to be able to cook one meal a day in your room.
I dislike being frugal. It takes a lot of explanation to tell your kids. “no”. It often sucks to not have a new car. We spend a lot on car repairs each year but truthfully we pay a lot less than a new car would cost each year. I just never knew sacrifice could be so difficult. It is hard to tell our kids that isn’t in the budget when frankly, we have the money. It is hard to say we can’t go out to dinner this week because we spent a lot on groceries and that took up the majority of our weekly food budget.
I remember in times of hardship how good it feels to ask for the cash discount and know I actually have the cash to get a discount. I like knowing that if our washer breaks after we evaluate the cost to purchase a new one, verse repair cost, verse time already in use we could buy a new machine without giving up something else. I like being free!
This is how to live debt free you have to be all in. You can’t cheat. Think of this as your diet of a lifetime. If you are a cheater that is fine. I am a cheater. I build my cheating into our budget. I evaluate what we buy daily. Then when I make my yearly budget. I put in what I need to be happy. You will see what I spent last week and see I spent $54 for the gym and money on clothes. I like to shop so I actually have $100 a week in what I call fun money then I have another $100 for kid fun money a week. We didn’t always have $200 a week in unaccounted money but we do now. It works for us. You have to find your “cheat” amount.
This is how to live debt free you determine your cheat amount by figuring out your standard bills. Then you determine the amount you owe. You look at your income and determine the rate at which you will pay down your debt. The cheat amount I used to have was $25 for me and $25 for the kids. We were able to increase my cheat amount as our income rose and the debt we had was paid off. We have now paid off everything so my cheat amount is determined by how much we plan to save each month. We currently try to live on between $30,000 and $40,000 a year. The rest we place into accounts for emergencies, retirement, dental care like braces, a wedding fund, car fund, and a vacation fund. We are also saving for home improvements this year. We do not buy or do anything unless we have the cash to cover the expense.
You can create a simple spreadsheet like I have using Google Docs. I just put in what I spend daily and then what type of expense it is. Then I look at it based on my monthly goals to determine what I have left to spend. I do this each Sunday night on Wednesday I pay off my credit card. That is right I do it each week! That allows we to build up cash back rewards but not go over my budget.
You can read some tips I have for living on $30,000
You can set up your budget here >>> How to live without debt
What is your cheat amount?
Today on Making Money Monday, I’m sharing with you one of my Frugal Ways to Save Money and it’s one of the most important because you can’t save big money without getting out of debts first. One of the most common New Year’s resolution aside from losing weight and getting fit is getting out of debts. I’m sure it’s a goal that we all want to do, but just like losing weight we can’t reach that goal without putting the effort and really work hard to put that goal into action.Continue reading
We were sitting on those chairs the ones reserved for the rich people who go to the beach. The ones who are on vacation, not us. We didn’t have much. I had just given my notice at my job, and he was a junior officer in the Navy. We had our backs against those chairs as the sun sets.Continue reading
How can you make $100 today? That makes no sense right? The best way to make money is to not spend money right? When I buy something and I do not have cash, I look at the actual cost. It helps me put it back unless I really need it. That is one of the ways I got out of debt. I became debt free. I paid attention to what I was spending.
This is how you will make $100 today. You will spend less. How you ask?
You should have completed your budget by now. If you didn’t read and complete it. >>> How to live without debtContinue reading