Post # 1
Everyone’s trying to pinch a penny now, and my salary was recently cut (gasp!) so I thought i’d reach out and see what you bees have been doing to pinch a penny around the house. Here are a few things that I implemented and have seen a little extra dough in the bank account as a result.
1) unplugged the "energy vampires" – i unplug all minor electronics when not in use, ie cell phone charger, certain lamps, blowdryer, etc- this has directly resulted in 40% savings in electric bill, which is HUGE!
2) bagging up my lunch! I used to forget all the time to bring my lunch now on monday i bring a big bag of lunch and snacks and even sodas and load up the work fridge,so there’s no forgetting my lunch and needing to spring for the $10+ restaurant lunch.
3) more careful grocery shopping and making a more conscience effort to not waste food. i’ve even started making my own chicken stock- who knew it was soooo easy!
Post # 3
Eating in more! We used to go out to eat everytime we wanted to meet up with friends and socialize but nowadays, we all opt for potlucking at someone’s house. There’s always a lot of variety, the food is always yummy, and it’s pretty cost effective.
Post # 4
I started doing the same thing when it became apparent my company was having layoffs – and I’m so glad I did, as I was laid off yesterday! I manage all of our expenses in an excel spreadsheet, so I started looking for areas to cut. Some things I found:
Netflix – it takes us forever to watch the movies, so I cancelled the subscription
Life Insurance – rates have changed considerably since I got my original policy, so I reviewed my options and was able to get more coverage at a lower rate (though it did require a lot of paperwork)
Coffee – I was a daily Starbucks girl at one point in time – noticed huge savings when I cut that out (obviously)
Cell phone – took a look at what I was spending per month vs. minutes used – turned out their was a better plan for me (though my company used to cover part of it, so this will actually not be a savings when you factor in my paying for all of it now)
I also started cutting coupons and paying attention to grocery sales much more than I used too. Started finding Lean Cuisine on sale and bringing them to work (and unfortunately left a few there, didn’t think to grab them when I was escorted out).
Post # 5
we went full throttle and cut off my insurance for my car…meaning it is basically insured to sit in my garage – but it saves us about $300/month and i now take the bus. also we eat in most of the time (except our ritual sunday brunch). funny – we added netflix to save money – we felt we were spending too much ‘on demand.’
Post # 6
-clipping coupons – saved 10 bucks today!
-looking at sizes at the grocery store when buying stuff…i don’t always go for the cheapest item – the sizes and prices are deceiving. alot of times you will see something for 50 cents or a dollar more, but you get twice as much
-use ceiling fans in the house and keep the blinds closed during the day – this keeps it cooler, and i can turn my AC up to 75-78
Post # 7
Stay away from tempting stores! I no longer visit the mall and try to avoid online "window shopping". Also, I only go to target when I know I can’t get something somewhere else (I make A LOT of impulse purchases there!)
I also try not to buy magazines, and read online instead.
Similar to eating in… try not to buy a soda to go or a quick bite to eat when you are out. It saves a few dollars here and there. Bring a water bottle with you!
Post # 8
Thankfully the recession has not hit hard in terms of job loss in the city that I live in and we are very thankful for that. In any event, we have always lived in a way which we hope will keep us safe if one of us were to lose our jobs.
We bought a house with a mortgage that we can carry on only one of our salaries. My name isn’t even on the mortgage as we wanted an amount that one of us could qualify for on our own.
We have a family plan with 2 cell phones and no landline.
We share one car that we bought together using cash. No car payments and because we are always planning how we are going to get places as we have to share we end up driving together a lot and saving gas.
We never buy anything on credit. With the exception of our mortgage and my student loans (which are now paid off). Even if it’s 0% interest we pay cash instead. If you cannot pay for it in cash you cannot afford it.
We bought a lot of (good) used furniture instead of buying everything brand new. Often people are trying to get rid of quality furniture that is relatively new and you can pick it up for a fraction of the price of what it is worth.
Post # 9
- Wedding: May 2009 - University of Michigan Union
We only eat out on special occasions and I make Mr. Taffy’s lunch every day. That has been a huge savings! I am also a good bargain hunter with groceries and menu planning.
I started working out at home, not having a gym membership has saved a lot of money and I don’t even miss it! I work out more now than I did then.
Post # 10
- Wedding: May 2009 - University of Michigan Union
ah! And Mr. Taffy, who is sort of a beer snob, has switched to his "summer" beer, which is half the price of the fancier stuff. 😉
Post # 11
I go to the library.
I used to spend money when I was bored, you know – movies tickets, baseball games, impulse shopping… so I needed free entertainment. My library has magazines, CDs, DVDs, as well as books, so I have free entertainment!
Post # 12
Little things, just like everyone else…
We drive my car instead of his whenever possible, since mine gets better gas mileage and takes regular instead of premium.
I gave up daily Starbucks.
We use an airline rewards credit card, which helps us save money when we travel. I keep track of all the spending so we never spend more than we have; I make sure the balance on the credit card is paid in full every month to avoid interest charges.
Switched auto insurance companies — this cut my premium in half for the same coverage.
I read Weddingbee and other blogs ALL the time. Seriously, this is a huge money saver for me because otherwise I’d probably be out of the house shopping or eating and spending money.
Post # 13
I turn off my air/heat when I go to work. My cats are fine, they have fur! When I come home, it’s a little chilly but it takes about 10 minutes for my house to reach a comfortable level. I still wear a sweater though. My bills went from $200 a month to about $100. Not bad! WheN I go to bed, I set it to like 68. I like it at 71, but you know, i don’t really notice it now!