I feel it's time to really buckle down and apply all of the advice and knowledge that we've all been hearing about for AGES now regarding finances - getting rid of debt, living below our means, stretching what we've already got.
I already feel like I live on the bare minimum so it's time to be really creative to see where else I can save a few pennies. Pennies add up, remember!
I thought I'd share some ideas. Now, please don't think that I do all of these things or do them all religiously. When I was taking a public speaking course at MCC, we had to give a speech on trying to convince the audience on a topic. I chose the topic of refined sugar and how it's so bad for you. After my speech, I sat down and my friend turned to me and said, "I can't believe you don't eat sugar!" I told her, "what are you talking about? I just had a candy bar before class." So, in this case, just because I preach it doesn't mean I do it. :) These are just some ideas to consider. Some of them you may be appalled at, others you might just give a try. The point is to stretch ourselves. We're in financial crisis, and that means we may just have to give up some convenience and maybe even sacrifice a little. It's ok, it's all good. Change will help us grow.
1.
Stop going out to eat. This one is very hard for me. I love going out to eat because for me it's much easier than preparing a meal and it gets me out of the house. But, when we do go out to eat, we hardly ever spend less than $20.00. Now, if we do that once a week, that's $80.00 a month! That's a lot of money that could be allocated elsewhere.
The alternative: Packing a simple picnic lunch and going to the park is easy (yes, I still have to prepare something) and it's free!
2.
Hang your laundry out to dry. I do this, although I should do it more. It takes a little extra time and hanging laundry when it's 115 degrees outside isn't much fun, but I think I figured that running our dryer costs about 75 cents a load. That adds up.
3.
Use what you've got. A while ago I hosted two of my children's friends for a "brunch for lunch." I made out a huge list of groceries to get for the event. We were out of Bisquick, so I'd have to get that. We would HAVE to have orange juice and a fruit salad and some breakfast ham. The list kept getting longer. Then I stopped myself. I didn't really want to go to the grocery store. I didn't want to spend so much money. What if I just used what we had at the house already? Could I pull it off? I made some scrumptious whole wheat pancakes (with a touch of cinammon), we had grapes and a friend brought some cut up cantaloupe. For a drink we had either milk, water or lemonade. The kids LOVED it! I'm just saying that we don't have to go "ALL OUT" all of the time. Many times we have just what we need already.
4.
Determine what a necessity is. This can be hard. We live in a society of convenience. Did you know that I don't buy napkins or paper towels? Instead we use towels, washcloths and cloth napkins. We get along fine and there is absolutely no crimp in my lifestyle. I just don't want to get up to heaven and have someone tell me that I spent $5,332.17 on paper towels and napkins in my lifetime - money I could have used elsewhere. I guess it all comes down to "what do you want to spend your money on?" I, for one, do without the paper goods (except toilet paper) so that I have money for things that I really care about.
5.
What are you eating? We don't buy many snack foods. If we get the munchies we have stuff like cinammon toast or apple slices dipped in peanut butter. Snack foods/convenience foods are expensive. Try toast, applesauce, fresh popped popcorn, instead. Look around. Be creative. What can you do with what you've already got?
6.
What are you drinking? We never have soda pop on hand. Of course, every once in a while we will, but that's usually once a year. Also, we skipped the juices. All the juices. My kids main drink is water. We do (in the summer) have lemonade. My children are not deprived. For drinks in school lunches, we have a reusable water bottle that gets filled up with water. Look around your house and pick one item that you typically get at the grocery store and figure out how much you spend on that item per month. Can you do without that item or replace it with something less expensive?
7.
Cut your budgets in half. Do you have a clothing budget? Cut it in half. Make do with what you already have. I don't have a clothing budget. I hardly ever buy clothes. Last week I bought myself a few new shirts and a new pair of jeans. It had been about 2 years since I had gotten any new clothes. Yes, I usually look like crap, but with kids mucking up my clothes anyway it's inevitable. I don't need to buy new clothes that a grubby hand is going to stain up within minutes of putting it on. So, make do with what you have.
What other budgets do you have? Entertainment? Cut it in half. Swap babysitting with neighbors, take walks instead of going out for dinner and a movie.
8.
Redecorate your home for nothing. I often get the urge to redecorate my home, but I don't have the money for it (ever). About 95% of the furnishings in my home were given to us. My decorating style is this "If it's free, it's for me." Make do with what you already have. See how fabulous you can make your space without spending a dime. Recently I redecorated my room by swapping out our side tables for a small round table that we had just sitting in the garage. It looks great! Another idea for getting that just decorated look - clean, clean, clean. Sometimes all it takes is a good cleaning of a space to give it that sparkle. Find new uses for items. I have a valance serving as a side table tablecloth in our living room. Make something old new again - and make it yours. A friend recently gave me her old chandelier out of her living room (remember - if it's free it's for me). We spray painted it a creamy off-white and it is now a great added feature to our kitchen table space.
Being creative takes effort and work, but I always feel like it's worth it. Give it a try!
I'll be coming up with some other ideas, but this is a good start. My main objective is to realize that we have a lot of options already just sitting inside our homes. Make do with what you have. Seriously, you'll be totally cool for doing without.