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When you want to save money you need to take a hard look at what you are really spending your money on.
Before we said enough is enough and started our debt reduction plan we ate out several times a week. We went on holidays once or twice a year.
I would hit up the coffee shop for a latte almost daily. We let our life depict our spending.
Our wants overtook our needs. We simply were not watching our spending.
It takes a big event to cause things to change.
After my husband’s employment changed and his company downsized we took a long hard look at our spending.
Nothing makes you assess things better than a sudden loss of income.
As a new family we took a serious look at our finances and thought about where we wanted to be in the future.
Great things come in small packages.
As the resident book worm and homeschool Mom I researched money and debt and found The Total Money Makeover by Dave Ramsey.
This book changed our lives for the better. My husband and I even took Financial Peace University.
Now we budget and make a plan for our money.
In that planning we have stopped doing things in order to save money. Learn what those seven things are below.
7 Things we stopped doing to save money:
1. We stopped eating out so much.
When you add up the cost of eating out two or three times a week for a family of three the cost gets up there.
So I started meal planning and cooking at home more. I also started using my freezer more to store meals and basics.
2. I stopped buying specialty (gluten free) baked goods.
Our son is Celiac so we were buying gluten free, dairy free muffins for him which was fine.
But when the muffins and the other baked goods got a price increase it wasn’t fine.
So I googled and I researched and we taste tested many a recipe. We have found some great recipes in these cookbooks.
3. I stopped my daily coffee drive thru fix.
When you added it up I was spending $25 -$30 on gourmet coffee a week.
So now I get a latte everyday …. at home.
We also invested in great travel mugs so we can have our coffee on the go.
4. We stopped trying to keep up.
Currently we are in the process of saving for a home.
Bigger is better right? No!
Honestly, I would be happy if the home was 2-3 bedrooms and had a large yard so we can grow our own food and have room to play.
My husband his only request of the home is a garage and that we are happy.
You don’t always need what everyone else wants or thinks you need. Figure out what you want and what your needs are and work within your budget.
5. We stopped letting our life depict our spending.
We learned to budget. We learned to communicate more about personal finance and our goals. Now is more about what we need than what we want.
6. I learned to say “NO”.
This one may seem like it is relatively easy. But small things add up. You buy your child a toy car here, you go out for dinner there, those new shoes are only….
The little stuff was adding up. So I started saying NO, with an explanation of course.
7. We stopped going on holidays as often.
Do you realize how hard it is to splurge on hotel fees and vacation costs when you start really thinking about the cost of things?
So we have opted for staycations, no spend weekends and visiting our local area.
I think the best vacation, weekend away we have had this year was to a little cabin visiting family and friends.
Hiking, visiting local markets, getting away from the everyday. Sitting on the patio watching the sunset and visiting. Quality time with family and friends.
Cutting back on your regular spending. Shopping sales, using coupons, truly looking at what you are spending your money on.
Take a look at where you are spending your money. Is there something or somewhere you can cut back on to save money?
Little things add up. You can live well on less. Save money and be happy.
Have an amazing day,
Saving & Simplicity