creative ways to cut back.

Discussion in 'The Club House' started by rurak, Dec 3, 2012.

  1. rurak

    rurak New Member

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    So my wife and i were talking the other night and we were surpised about how much our financial situation has changed since we met ten years ago. Im a self employed electrician and she works for a small local bank. I make the majority of the money and she carries the health insurance and she makes decent money. We have the usual bills, mortgage, 2 car payments, cable phone and internet, 2 smart phones and a 4 year old in preschool which is the equivalent of another mortgage basically. We are considering cutting out the smart phones and cutting the cable bill back. I was curious as to how many of you have had to cut back and how/what you cut back in?
     
  2. Mosin

    Mosin Well-Known Member

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    I cut back on everything...

    I don't even know where to start. It sure helped that I got a big buck this season.
     

  3. CA357

    CA357 New Member Supporter

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    Make a budget if you don't have one. Record your expenses for a month, you'll be amazed at what you waste.
    If you eat out often, cut it back to once a month.
    Skip Starbucks or other store bought coffee, take a thermos of your own brew instead.
    Cancel HBO, Showtime etc.
    Pack your own lunch.
    Save all your change, just throw it in a jar or something every day. Surprisingly, it adds up pretty quickly.
    Use coupons when shopping and watch for sales.
    Cut out impulse buys.
    Make stuff last until it's worn out, then repair it if possible.
    Buy generic brands. You can still buy good stuff, but limit it to things that really require the brand name.
    Cut back or eliminate junk foods. It's better for your health and saves money.
    Operate on an allowance.
    Check the thermostat setting on your water heater and lower it.
    Check your car insurance coverage. Chances are that you're over insured somewhere and raise the deductible.

    Treat yourself on occasion or you won't be able to tighten it up. You want to save money and be practical, not miserable.
     
  4. Car54

    Car54 New Member

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    I'd save a ton of money if someone would take the internet from me so I wouldn't have access to all the gun and parts shops.
     
  5. RJMercer

    RJMercer New Member

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    +1 on the budget. Once you write it all down and see how much you can cut out you'll feel like you got a raise.
     
  6. trip286

    trip286 New Member

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    One place to start is with TV. You don't need cable. I don't even own a TV. I get all my news from the internet on my smartphone.

    Dining out. This is an obvious one. People don't realize how much they spend eating out until they just look at it. It costs my son and I about ten bucks at McDonald's, arguably one of the cheapest places to eat anywhere. Times that by 5 times a week = $50 bucks. It can go way higher. WAY higher. I know. I've spent over $1K in a week on grubb when I was making damn good money on the pipeline. I was eating at some really nice places and drinking too.

    That's another one. Drinking. If you drink the occasional beer, wait until you get home and have a couple. They cost about half as much at walmart as they do at a bar. I don't imagine you do much of that, just as a wild guess, but it's something to be aware of.

    Smoking/dipping. If you do either, that crap is expensive. www.killthecan.com has a calculator that will help you figure up how much you can save by quitting. It has a running calculator that will tell you how much you have saved since you quit.

    Entertainment. These yahoos on FTF entertain me plenty. I don't go to movies, clubs, shopping for fun, any of that stuff. I log on and argue with somebody.

    Driving habits. This can get so in depth I don't even know where to begin. One example of what NOT to do... Don't go grocery shopping, then say "Oh, I have cold items, gotta get that home", then go home, unload the groceries, and THEN head back out for more errands and paying bills or whatever. Plan your excursions. Try to do everything on the same day if you can, errands, groceries, car maintenance, etc., and try to plan your trip accordingly, possibly to do such things immediately after leaving work or picking up the kid, BEFORE going home for a nap, dinner, play time, whatever.

    Diet. This can get extreme. I don't go to extremes. But, homecooked meals are cheaper, as I've already mentioned. They are also much healthier, in general, saving you even more in the long run in regards to your health. Also, what you drink. I buy a package of tea bags that cost about $4, and a pound of sugar that costs about the same, and I have a tasty drink for over a month. Compare that to around $1.50 for a 20 oz. soda every day, IF you only need one drink a day. Drink water as much as possible. A homecooked meal at my house of fried chicken, biscuits, gravy, mashed potatoes and sweet tea costs around... maybe 50 cents to $1 total for two people. The same meal will cost around $10-$15 anywhere else.

    Have a great driving record, and your car is paid for? Get a basic libility insurance plan, especially if you have health insurance and a supplemental. Even more especially if you have good credit and some money in savings to get a new car if you're hit by someone that has no insurance, which happens way too often.

    Don't stop taking a shower. But DO stop watering the lawn. God (or who/whatever you may believe in) made grass, and it's survived for thousands upon thousands of years without help from any man. Reduce the frequency of your cutting if you can, to maybe every 2 weeks instead of 1, or 3 instead of 2. I think any more than that, and the added strain on your mower may outweigh the benefit. If you pay someone to cut your grass...? Do I really need to say it? Stop that.

    On water - wash your dishes by hand. If you want to go that far. Water is usually cheap. My water bill runs around $14 per month, and I'm not trying. I shower daily, sometimes twice a day depending on what happens. I make my sweet tea, I do my dishes....

    Electric. Look for drafts and take measures to stop them. Turn lights off when you leave a room, don't turn them on to begin with unless you need to (I have no lights on until after dark, as I benefit from great natural lighting in my home). Unplug your "vampire" appliances (no, they didn't come from a store owned by the Cullens's), the appliances that draw juice when it's not being used, such as chargers, coffeemakers, TVs, computers, such things like that. Also look for any damaged wiring, faults, or grounds.

    This is just a start. This is my daily life. I do splurge if I have a little extra money. I went to Wendy's today and got a spicy chicken sammich with chili cheese fries, extra onions.
     
  7. rurak

    rurak New Member

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    I only splurge when i have extra too. We are just trying to cut back our monthly expenses. We generally get something to eat out on fridays. Its usually sandwiches or chinese food. We both make our morning coffee at home and pack our lunches. The thing that really kills us is the mortgage (1700) and my daughter in day care (1200). One more year and a half and she will be in kindergarten. It will feel like ive gotten a raise i hope!
     
  8. winds-of-change

    winds-of-change The Balota's Staff Member

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    I agree with all the above recommendations. I can live pretty cheaply. I make simple meals that are tasty but not expensive. I rarely have steak or other fancy cuts of meat and eat chicken, hamburger, grilled cheese sandwiches, eggs, soups, etc. My daughter doesn't really use her leftovers and I often bring them home for myself. I go to the local grocery store early in the mornings if possible and they have marked down any meat that needs to be sold by the end of that day. Almost all the meat I buy is that marked down meat. I waste very little food. Everything gets used somehow.

    I don't generate much laundry and I don't have a dish washer. Even if I did, I really like washing dishes by hand. That's when I do my best thinking. :D

    I, also, plan my trips to town. I pick my granddaughter up from school on Tuesdays and Thursdays and that's when I visit my Dad, run errands, etc.

    If I do order out, I share the expense with my daughter. We usually share a pizza.
     
  9. danf_fl

    danf_fl Retired Supporter

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    Take a look at refinancing your mortgage. Interest rates are still kind of low.
    Get a HD antenna for the TV and cut out cable altogether or take a look at Netflix online.
    Credit card usage is fine as long as you pay the bill totally when it comes in (no interest then).
    Look for the electricity parasites. The phone recharger, the cable box when not used, the television (instant-on still uses electricity when the TV is off).
    (Or you can run an extension from the neighbor's outside box and plug everything into there.)
    Share shower time. Don't let the time pass after one has taken a shower for the next.
    Turn the refrigerator up 1° and have the water heater set at 120°.
     
  10. rurak

    rurak New Member

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    Unfortunately we are upside down on the house. We aren't in dire straits or anything but we just want to save more for our daughters future and our own.
     
  11. Overkill0084

    Overkill0084 Active Member

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    Shop purposefully: By this I mean, don't get to wandering around either the local stores or your favorite web retailers when you get bored. Impulse buys are harder to make when you stay away from the places you shop.
    +1 on the "Pack your own lunch" and "Thermos 'O' coffee." Packing your own lunch is HUGE when you actually do the math. (Even cheap lunches, say an average of $8 per day x 5 days per week x 4 weeks per month...$160.)
    Snacks: Buy them elsewhere and stay away from the vending machines.
    Tobacco: If you haven't already, quit. It was between $5 & $6 per pack here when I quit last march. Some of you in the dark blue states are paying as much as $9 to $10 per pack. A pack every other day or so, call it 14 packs per month...say $5.50 ea ...$77 +/- per month. Added Bonus, you'll feel better. Chantix worked well for me. It's not for everyone, talk to your doctor.
    It sounds simplistic, but I carry very little cash ($5-$10 is about it most of the time.) When I have to break out the debit card, it makes me consider whether the purchase is really necessary.
    Get your debt under control. The fewer hands you have out on payday, the better. Being debt free is like having an extra paycheck each month. Also, being debt free makes you treat the prospect of creating new debt with a great deal of skepticism.
     
  12. John_Deer

    John_Deer New Member

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    We have cut back on everything. One thing we haven't cut back on is eating out. Instead of eating in we order take out. We eat a nice sit down meal for the price of a big mac. The drinks and desert we always order at the last minute are what runs up the bill.

    We both are losing weight since hard times have hit. We don't have a bag of chips or a box of sweet snacks in the house all the time. We both have cut back on the amount of soft drinks we buy. We make tea with just enough sugar to make it palatable.

    Prepping is not even a thought in our house. We have always bought stuff on sale like we are prepping. 3 for $1 canned goods? We buy them by the case. Anything we see on sale we buy a bunch of it. We have never went shopping with a menu for the week on our mind. We go out looking for sales and that is the menu.
     
  13. winds-of-change

    winds-of-change The Balota's Staff Member

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    I do that, too. I rarely have cash on me. Or maybe $5 if any. I don't have a credit card. I only have a debit card.

    I also do that. I think up a meal with whatever I have in the house. I always have rice, dried beans and some kind of meat. Canned and frozen veggies. Lots of soups. I can always whip up something palatable.
     
  14. KG7IL

    KG7IL Well-Known Member

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    Too far.

    Too .. just too.... you know
     
  15. hiwall

    hiwall Well-Known Member

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    Shop rates on your house and car insurances. We kept our Dish TV but dropped to the $15/month plan. Switched to Consumer Cellular phones(or pick another cheap one). Throw those smart phones out. Shop only once every two weeks, it will cut down on your impulse buys. If one of you buys extra stuff when they shop then that person stays home. Think ahead, plan ahead. Get a credit card that pays cash back and use that card to pay everything(and I mean everything), it saves you at least 1%. Always, always, always pay your credit card off each month. Cut down on your driving.
     
  16. WebleyFosbery38

    WebleyFosbery38 New Member

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    I started out as a cheepo so were having tougher times than Im used to! No Premium anything (cept I do still get my 8 oclock coffee!). No Car payments, no nights out, no unnecessary building projects that I dont already have the materials for and few gifts for anyone this Christmas except a couple for the Grandkids!

    My Mantra this year is, "Times are Tough, Moneys hard, Heres your F'n Christmas card, Amen..."
     
  17. primer1

    primer1 Well-Known Member Supporter

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    Cut your own hair. I bought a waller clipper set about 17 years ago, and have been doing my own hair since then. It cost $30 then, and was USA made.
     
  18. KG7IL

    KG7IL Well-Known Member

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    Whoa! This will make me admit that I use a FlowBee :eek:
     
  19. rurak

    rurak New Member

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    My wife cuts my hair too (zero on the clippers). We are considering getting rid of the smart phones but shes not thrilled about that. Also cutting back cable and food and anything else we can