(Closed) How Are You Saving Money?

posted 8 years ago in Money
Post # 3
Member
4385 posts
Honey bee
  • Wedding: May 2011

I’m sorry to hear you’re so frustrated 🙁

We put aside a set amount of money each pay, no exceptions. Of course in an emergency I understand this would be hard to do… :-S

Did you go to university? Can you get a job as a marker or a TA? I did this a few semesters while I was still in school and it was decent pay for not a lot of work. You could also consider tutoring!

Post # 4
Member
4465 posts
Honey bee
  • Wedding: June 2010

Some things that Fiance and I do:

-ditch the cable.  It kinda s*cks but we save something like $80/month.

-if you rent DVDs, stop and get Netflix.  It’s like $5/rental at Blockbuster now.  Netflix is ~$15/month for 3 movies at a time.

-cut down on takeout/eating out at restaurants

-make a “meal plan” for the week and shop at once for the stuff you need.  The little trips to the grocery store add up quickly.  Also, bring your lunch to work if you don’t already.

-Make coffee at home instead of buying in the morning.

 

Post # 5
Member
236 posts
Helper bee
  • Wedding: July 2010

Our biggest saver has been watching our groceries (not just buying a bunch of snacks) and then coupon clipping and buying on sale, which has been about 2k over the last year. Also staying in A LOT! We used to go see a movie or a concert every week or so, and now it’s “I’ll wait until that’s on DVD”. I can’t wait to get back to having a little bit more spending money after the wedding is over!

For side jobs, I have always wondered if secret shoppers really works and pays you what it says it will. I personally would stick to a traditional job – I’ve taken receptionist positions on the weekends at a real estate firm and a salon before and they were both low stress, nice hours, and added a good couple hundred a month to the income.

Post # 6
Member
4385 posts
Honey bee
  • Wedding: May 2011

I second the grocery budget suggestion. We have one and stick to it religiously. No exceptions! Any money we have leftover in the budget goes into savings.

Post # 8
Member
5263 posts
Bee Keeper
  • Wedding: June 2012

We stopped eating out. Entirely, except for very few special occasions (I’m talking vacations, birthdays.) We cut down the Whole Foods trips except for things only WF carries. We don’t go to bars anymore. We shop for clothes and books way less. It’s no fun but at least we know we’re being practical! We never had cable in the first place – starving students, haha – but we don’t rent DVDs or buy songs on iTunes like we used to. 

Post # 9
Member
299 posts
Helper bee
  • Wedding: October 2011

We ditched the cable too.  We bought an antenna and get all the local stations, which is fine.  (I miss bravo and we but that’s another story)  We also are crazy restrictive on the amount of electricity and gas we use.

Post # 10
Member
4465 posts
Honey bee
  • Wedding: June 2010

@lilyfaith: We haven’t had cable in four years.  It’s so funny because people don’t usually think of that as a thing to save money, but it’s SO expensive!

Post # 11
Member
5263 posts
Bee Keeper
  • Wedding: June 2012

@hotchild – I know! Everyone looks at us like we’re crazy when they hear that we don’t have cable. But honestly, I don’t miss it. We still watch shows online, and it sure beats the insane monthly payment… I think it’s funny how high of a priority entertainment is in our culture. 

Post # 12
Member
3162 posts
Sugar bee
  • Wedding: July 2010

@hotchild – I would die without our cable. You’re right – it’s so expensive, but we rationalize it by saying that we get our money’s worth out of it because we stay in watching cable and cooking instead of going out and spending money at bars and restaurants. I think Fiance and I would rather go without food than cable LOL.

Post # 13
Member
212 posts
Helper bee
  • Wedding: September 2010

I’m sorry you are having a rough time. I second all of the suggestions here.

It also really helps me to write down everything I spend. I have one of those checkbook registers in my wallet. Instead of just writing Target, I try to write a quick description of everything I bought. Every couple of weeks I glance back through the register and try to find ways to cut back. Sometimes I am amazed and angry at myself.

There are a lot of free websites where you can track your spending, but I’m the kind of gal who has to write stuff down!

Post # 14
Member
1523 posts
Bumble bee
  • Wedding: September 2010

Well, if you haven’t already I would start by understanding your finances and where all the money goes. You can do this in a spreadsheet, but we have used mint.com Very helpful for budgeting and we were able to see that we were spending a ton going out to eat!

So here are some things we are doing:

-Make dinner menus each week and shop for the things we need. Meals are thought out in advance and we do not go out to eat during the week. We allow ourselves to eat out at work once a week.

-Make coffee at home in the morning

-Ditched the credit cards (except for an emergency). Yup, no credit cards, we are only spending money that we have.

-Bought a Costco membership. It is $50, but I think it’s worth it. We also own a home so we have the space to store all of these purchaes. Things we buy at costco that I know saves us money are paper products (paper towels, napkins, TP), frozen meat in larger quantities (a lot cheaper than supermarket prices), personal items (shampoo, conditioner, deoderant etc…)

Post # 15
Member
375 posts
Helper bee
  • Wedding: August 2010

Do you live by a budget!? Might be a good idea to sit down and look at the numbers (i highly recommend a stiff drink with this one…)

Have you thought about moving in together before the wedding? Great way to combine expenses and cut down on costs. If you aren’t waiting for a specific reason it’s something to think about… I know that the first few months of adjustment are NOT something I would want to go thru in the start of a marriage anyways 🙂

I totally feel ya, being a student and trying to pay for a wedding is painful. Good luck!

Post # 16
Member
1011 posts
Bumble bee

I know it’s only a dollar, but the dollars add up.  We were using RedBox instead of Blockbuster or buying.  Now, we’re checking dvds out from the library where it’s free!

Doing the dinner menu thing helps so much.  Keeps from buying extra food at the grocery store and makes it easier to come home and just eat.

Do you have a gym membership?  If so, when was the last time you went?  If it’s been more than a month, ask if you can “put it on hold” for a while.

Secret shopping is also a great way to get someone else to pay for your meals or to provide extra income (you’re a independent contractor and can say “no” when you want).  However, be prepared to have to “front” money for reimbursements.

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