- 7 years ago
- Wedding: December 2013
DH and I are really focused on saving this year and have done a few things to work on increasing our savings. Things were going really well until he required dental surgery (so expensive!) which drained a lot of our savings. Luckily, we did have that money so nothing was put on a credit card. There are a few changes we’ve made-and are still working on- to help our savings:
-NO credit card debt! The interest is a killer. We paid off my credit card debt with money left over from the wedding budget. I still have a credit card (emergencies only) but don’t use it.
-Shoving as much money into savings as possible. We are both good savers (but life can get in the way sometimes). My DH is especially good at resisting the urge and limiting his spending. We both don’t spoil ourselves much, but will occasionally.
-This isn’t my choice, but is a huge benefit of my career. I’m a teacher, so money is taken out (pre-tax) each month and goes directly into my retirement account. It’s somewhere around $450/month (and increases as my salary does) which adds up quickly and I never even see it which is super helpful.
-We’ve reduced how often we eat out and shop at the grocery store that is so cheap. I bought food that has lasted us from the beginning of June until about now (it’s still going) for $53!
-Choosing a plus plan for my health insurance that gives me a Health Savings Account. My insurance is really not that great, but I do love the HSA. I need it as my district doesn’t provide vision insurance and for future births, baby check-ups. I contribute the same amount each year that my district does which helps with those expenses.
We still want to do more to help our savings and want to hear from others on how they do it. So tell me Bees, what are your money saving tactics/tips/wise words of advice??