Have you ever stood in front of a gas pump and wanted to get gas but your stomach was wound up in knots, because you aren’t sure you have any money in your bank account? Your standing there by the pump thinking about the fact that you make a decent middle class income but might not be able to put fuel your vehicle. When we got sick of that feeling we got really serious about managing our money. Now don’t get me wrong we are far from perfect and we have slipped several times over the years. But our life is monumentally different now, than it was then.
During the beginning of our marriage we tried to make “wise” choices which is what got us into all of this mess in the first place. You know we got “good loans” and we the “right” credit cards. Then when I quit working to stay at home with our child our ends did not meet, in fact we were $600 short. By the time we decided to get out of debt we had two car payments, credit cards, store cards and the list goes on and on… Once we decide you want to take control of your finances and get out of debt we got really serious.
- We cut the cable. That is right we do not have cable tv. My husband suffers through and only watches a few sporting events each year with our rabbit ears. Cutting cable saved us $40 per month or $220 per year.
- We cut a car. In fact we sold both of our cars and purchased one reliable car. As I recall we had $600 in auto payments and after the double trade we ended up with $240 payment. We saved $360 per month or
- We cut our housing cost. We moved into a very small & cheap rental house. Our rent was $400 per month nearly half the amount of our rent in Houston.
- We cut our grocery budget. We lowered our grocery budget to $40 per week or about $120 per month. At the time we only had a family of 3. And yes I stuck to it.
- We cut eating out. We simply stopped eat out unless it was a planned part of our budget. But frankly for the most part we just didn’t eat out, it wasn’t as important to us as getting out of debt and being able to pay our normal bills.
- BONUS: We didn’t have smartphone for a long time!
I can happily say that we did not have to maintain this level of austere living permanently. Although, we still maintain a budget which has been incredibly freeing. It’s funny something as simple as going to the gas station and knowing you are able to get gas is life changing.Save money, time and get it done, go ahead and subscribe! Often my posts contain affiliate links. Affiliate link purchases help us to pay for this blog and for our curriculum. Thank you for using them when you are able.