The Family Piggy Bank

kcgroves
New Year!!
January 2, 2013 at 2:03 AM

Our number one goal this year is to get financially fit! The thing is we do not live extravagantly and we don't have a lot of "extra" bills. We do the basics what you have to live stuff. Our only real luxury item that is a bill is cable. So I guess my question is where do you cut back and start saving when you aren't spending on unnecessary things?

Replies

  • KaylaMillar
    January 2, 2013 at 9:56 AM
    We only have necessitys. We don't have anything extra. No cable, home line, etc. we only have rent, cell phone, sewer and trash, electric and water
  • GwenMB
    by GwenMB
    January 2, 2013 at 11:14 AM

    Look at what you're spending on the necessities. Can you cut back on any of them?  Can you buy more food on sales, using coupons, generic brand vs name brand?

    Making your own laundry detergent is cheaper than buying it.

    Can you use old towels for cleaning instead of paper towels?

    If you've truelly cut everything to the minimum & still need to cut, then you should cancel cable.  You can borrow movies from the library if you need something to watch.

  • gmadiane
    January 2, 2013 at 11:45 AM

    that is a hard one when the only thing your spending on it necessities, I am doing the same here too

  • RobynS
    by RobynS
    January 2, 2013 at 11:49 AM

    We took Financial Peace Univ. classes over a year ago and we've made a lot of changes. No more eating out, no more using credit cards, and no more going overboard on gifts at xmas.

    But the one thing I can't get DH to cut out is CABLE.
    Grrrr!

  • momofsixangels
    January 2, 2013 at 2:33 PM

    We never go out to eat.I buy generic unless I have coupons

  • Bob192
    by Bob192
    January 2, 2013 at 2:40 PM

    Cut back on the necessities.  Buy less groceries/clothes.  Find cheaper places for utilities.  I hear you, we are in the same boat and it's getting tight.

  • HisSweetheart07
    January 2, 2013 at 3:22 PM

    We don't have cable - we use netflix for $7.99/month and love it

    We are prepaid cellphones for $75/month for two lines. 

    We do have a house phone bc we have an elder living with us but it and our internet together are only $50/month so it's not outrageous. 

    We also do second hand stores. Go with the same budget as I would if I was going to a main store, get what I need, then bank whatever is left over. You'll normally find you can save $20 plus you'll get 3x as much clothing. 

    This year I'm starting couponing to help save on food. 

    Oh and this year I'm also going to be making our own cleaning supplies - should be interesting!

  • kcgroves
    January 2, 2013 at 5:40 PM

    Thanks for the suggestions ladies...we are seriously considering cutting cable and just doing either netflix or huluplus for like $8 a month. I have been making my own cleaning supplies for about a year now and love doing it! It isn't that we are so much on a tight budget it is just we haven't got a savings plan and we really want to start saving! This is our year for sure I know it! I am trying to get better at the coupons to be honest it is something I am not great at but am working on.

  • HisSweetheart07
    January 2, 2013 at 6:23 PM

    regular hulu is free. I'm not sure what the difference is between regular hulu and hulu plus is but you may find you can just do hulu for free instead of paying another $8/month

    Quoting kcgroves:

    Thanks for the suggestions ladies...we are seriously considering cutting cable and just doing either netflix or huluplus for like $8 a month. I have been making my own cleaning supplies for about a year now and love doing it! It isn't that we are so much on a tight budget it is just we haven't got a savings plan and we really want to start saving! This is our year for sure I know it! I am trying to get better at the coupons to be honest it is something I am not great at but am working on.


  • 4kidz916
    January 2, 2013 at 6:36 PM

    This is the same situation I have.  I live on an extremely tight budget so there's nothing to cut out.  I try to set a limit that I have to spend on groceries each week and I work really hard with my meal planning and shopping to stay well under that budget and I put the saved money towards my savings.  For example I budget $100 this week and only spend $75 then the extra $25 would go in savings. 

The Family Piggy Bank