ADVERTISEMENT


Since I was laid off, I have had to pare down my expenses. Here is my list of achievements so far and yes, I have more to do.

Any cost saving tips are most welcome.

1. Created a budget and signed onto Mint.com- Mint.com is a site that you enter in all your banking/credit cards/assets/create a budget. It tracks all of it so at the minimum you can see how your doing versus your budget. Do I stick to the budget? No, but hey it's a start, right. Work with me, people.

2. Got rid of my storage facility - savings $900/ year. I wish I had done this sooner. Just think if I had done this 3 years ago, I would have saved $2,700. Of course, I would have invested in the stock market and still lost money.

3. Reduced credit card debt (but still leave a balance) - In recent months, credit card companies are cutting customers credit lines regardless if you are a good customer or not. So instead of paying off my debt, I am pretty much pay more than the minimum payments so I don't lose the credit line as I might need to really use it. Let's face it, my priority is paying my mortgage and keeping a roof over my head.

4. Shopping at Trader Joe's - There is some debate here with friends who shop at Whole Foods but I still think Trader Joe's has the best prices especially for staples like milk, cereal, produce, snack foods and my fave, appetizers.

5. Coupons - I do use them but unlike supermarket in the suburbs, I am pretty sure you can't save a ton of money the way suburbanites do. In New York City, I have yet to see double coupons.

6. Collect loose change - I heard this idea a few months ago and thought what a ridiculous idea but it works. Sure I may be unemployed but it doesn't hurt to save up all that change. On average, I save about $30 a month. I pretty much bank it in an account for my daughter. It may not be much but it's something. I need to feel as though I am saving for the future.
7. Cut back on magazines subscriptions - My friends know this about me, I am just a constant reader of magazines. This is a holdover from when I worked in advertising and I was comped on a gazillion magazines. I am pretty sure I was the only planner who read every magazine every month. Not renewing People magazine was a huge savings of $100/year. That was tough habit to break. Now if I just go to Barnes and Noble and read magazines for free. Full disclosure here, I still subscribe to Vanity Fair (why, that magazine has really gone down hill and my all time favorite and never giving up Entertainment Weekly.)

8. Combined Phone/Cable/Internet - I saved about $100 a month by combining everything. Lots of financial advisors will tell you to get rid of your land line and go with just a cell phone. I just refuse to go down that path and why you ask? For the most important reason, I have lived through 9/11 and a blackout both of which the landlines were up and running first and cell phones were blocked.

9. Canceled Wall Street Journal - Saved $120/year.


10. Cut back on take out and eating out - Big savings here. I went from take out 2-3 week to maybe 1-2x month which is for me pretty good.

http://www.newyorkcitysinglemom.com

Views: 9

Comment

You need to be a member of Mom Bloggers Club to add comments!

Join Mom Bloggers Club

Our Latest Food, Travel & Lifestyle Posts

How to Easily Teach Your Kids to Save, Spend, and Share Money

By Anne Carr 

The other day we were in Target and an automated piggy bank made by a big brand caught our eye. Our youngest daughter really wanted it! The piggy bank would count all of the money automatically as your child put more and more money into it. On one hand we thought it was…

OUR DAILY PINS

Latest Activity

Advertisement

© 2016   Created by Mom Bloggers Club.   Powered by

Badges  |  Report an Issue  |  Terms of Service