It’s tax season. So, naturally, I’m forced to look at my bank account. When I saw the lack of funds…period…I kind of reacted like this:
I was watching the TODAY show and they featured was a blog, Blissful and Domestic. She and her family comfortably and bravely live off of $14,000 a year. I mean props to them. That takes skill. I found a lot of inspiration in their ways. I need to save money, and the less I spend, the more I can save. Or is it, the more I save, the more I spend?? I digress.
So, on Blissful and Domestic one can find tips on how she does it. The first tip I’m tackling (remember, baby steps) is budgeting and sticking to it. Mom and I sat down and looked at
our her incomes and our my expenses. It was shocking, a real slap in the face, a wake-up call, call it what you want: it sucked. We were spending all that was coming in.
We took a glance at where we could save or cut back on. The big ticket: Cable. Mom and I watch very few TV shows. How I Met Your Mother, Revenge, Grey’s Anatomy, Pretty Little Liars, Top Chef, Kardashians, Downton Abbey, and Dance Moms. We rarely watch these live, an usually record them and watch them the next day or later that night (no commercials!!). We saw it fit to ditch cable, except for about 15 channels. The logic behind this: we have Hulu Plus and Netflix and they have pretty much every channel we watch. Amazon is also available on our Xbox, so there isn’t a need for OnDemand. This maneuver saved us $60 a month.
Also on the cut back list was phone plans. We have way more minutes than we need (we didn’t even hit half) so we cut that back, and are in the process of removing a line that I think we only had because it was another upgrade that could be used for us spoiled rotten children to get new phones. Just kidding.
So far this has saved us some money, granted we just did it, but our next bill will be significantly smaller than the last. If you are thinking about cutting back costs, I suggest you assess areas that you might not need. Do you need all 1100 channels and the premium movie channels, or could you cut back on some of the channels and add Netflix or Hulu for $8/month?
What are some ways you have saved or cut back?