(Closed) Looking for ways to save money – what are your tips?

posted 5 years ago in Married Life
Post # 46
Member
698 posts
Busy bee
  • Wedding: September 2013

MsGinkgo:  

I think you’re doing really great, and if you’re putting almost 50% of your income towards debt payment, then that’s awesome. We’re also in Canada, and worked really hard to cut down on expenses too. Like you, we won’t give up cable – winters are long, miserable, and Netflix, while a good supplement, doesn’t cut it since it doesn’t come close to the US version.

Suggestions – do you and your Darling Husband both have access to health insurance through your employers? If you’re claiming up to 80% of your massages and chiro through your health insurance, you would be able to claim the other 20% through your DH’s insurance. If the cost to add you to your DH’s insurance is less than the 20%, its totally worth it. (We did this – it cost $4/month to add me to DH’s insurance, and we save about $600 per year by claiming the other 20% my insurance doesn’t cover of massage, accupuncture and dental).

Join FB buy/sell groups or Kijiji buy/sell groups for your city. We were able to sell a bunch of stuff we would have just thrown out or donated otherwise, and used all that money to pay down debt. You can also then find things you need for way cheaper. It also felt really, really good to purge stuff out of our houses that we weren’t using.

We signed up and synced all of our CC’s, etc. to Mint. It is so addictive tracking where money is going, setting goals, and watching the debt column go down!

Post # 47
Member
714 posts
Busy bee
  • Wedding: August 2013

MsGinkgo:  What bank are you with? I’m not sure how much you’ve really analyzed your expenses, but I’m with RBC and they have a great tool called myFinance Tracker (it’s at the bottom of your online banking homepage) it automatically categorizes your spending and you can modify it so that it will learn what should go where. I find that I am often surprised at how much I actually spend and it requires little to no work on your part!

Also I hear you on the cable… we would like to get rid of ours but Darling Husband watches too much golf. If you can find a site to stream DH’s sports from, you can get chromecast and stream it onto your TV (that’s what we do for other shows)

Post # 48
Member
2690 posts
Sugar bee
  • Wedding: May 2015

If you aren’t willing to cut your cable completely get a Roku box. I’m in Canada and pay 20.00 a month for almost every channel known to man. It’s a live tv stearming program I pay for on the Roku and I save tons compared to paying for cable service and getting limited/crappy channels.

Example – We have Canadian channels, UK, American, Russian, Italian – the list goes on!

Post # 51
Member
2098 posts
Buzzing bee

I will throw in here that everydollar.com is similar to mint.com and also for a fee lets you link your bank transactions so they are entered automatically.  I manually enter all my transactions though, I am not comfortable linking my bank logins to a third party site and have heard this voids your bank fraud protection.  

Post # 54
Member
452 posts
Helper bee

MsGinkgo:  didn’t read through so I’m not sure if this was already suggested, but I just joined poshmark (clothing sales app/site) and have already made $100 in 2 days! I used to bring my old clothes to resale stores, and they’d offer $2 for something I paid $100 for. I listed the same thing on poshmark for $30 and it sold in 24 hours! Edit: I guess this is a money making tip rather than a money saving, but I’m just so excited because I’m finally clearing out a lot of clutter in my closet since I’m getting what I feel it’s worth rather than a dollar or two from a consignment shop!

Post # 55
Member
399 posts
Helper bee
  • Wedding: March 2016

Sounds like you guys are doing a great job of cutting back so far! i know of quite a few people who “downsized” their vehicle while saving for a house (or upgrading to a nicer house)–traded in the luxury SUV for an economy gas-saver. That’s one idea.

Another idea that my Boyfriend or Best Friend and I like to do ourselves is he makes a “clean out the fridge” frittata for dinner at least once a week! And they are absolutely delicious. It really saves money because it’s just eggs and whatever veggies we have on hand that are going bad! Sometimes I don’t buy groceries for a week just to save money and we just eat whatever is in the freezer.

I’m enjoying reading everyone’s ideas! I just took an unpaid job, and I try to pay my bills by working at night and on the weekends, so I’ve been doing some experimenting on living as simply as possible. If it were at all possible for me, I’d sell my car–as I have a car payment.

one final thought is that Gretchen Rubin (author of “The Happiness Project”) actually advises to keep those “simple splurges” that don’t cost a lot but bring us joy! I love treating myself to a cup of coffee a couple times a week also–it’s my favorite little splurge. 🙂

Post # 57
Member
452 posts
Helper bee

MsGinkgo:  oh shoot no I think when I signed up and was reading through their policies it did say it was only in the US. maybe there is something similar in Canada though!

Post # 59
Member
8962 posts
Buzzing Beekeeper

MsGinkgo:  Have you looked into renouncing your motherland and migrating south so you can use more websites?? … j/k!

Hey wait though — doesn’t Canada have national healthcare? Is the job-related insurance better or gives additional benefits or something? (I’m embarassed I don’t know more about our nearest neighbor.)

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