How We Have Reduced Our Expenses
As a homage to the times I wanted to rehighlight what my wife and I have done recently to reduce our expenses. As we have gone to basically a 1-income household in a bigger house we have established the following:
- Canceled Cable TV - About two years ago I found that buying a HD TV actually paid for itself when I used it in lieu of cable to get perfect reception on all the over-the-air channels (hint: just because you don't get all the channels with your current antenna setup doesn't mean their are not ways to get them all). It has taken my wife a bit of time to adjust to the idea, but she is coming around. We also make more use of Redbox ($1 DVD rentals) and tv shows on the internet (ex. hulu.com) to fill in what we use to watch on cable. Total Savings: ~$45/mo.
- Canceled Our Home Phone Line - We reduced our telephone bills by switching my wife to a pre-paid cell plan ($15/mo) and buying an Ooma box for a home phone line. This change allowed us to cut $25/mo out of my wife's cell phone bill. Total savings: $25/mo.
- We groom our dog at home- I went out and bought a pair of $20 clippers and read a couple how to groom a miniature schnauzer web sites and have started grooming our dog myself. This is saving us ~35 every two months or ~$17/mo.
- My wife has started coloring her hair at home - My wife now colors her hair at home vs going to the beauty salon. It use to cost her $60 every two months at the salon, now its $10 for the box of color. This is a savings of $25/mo.
The key here is we have made some hopefully long term lifestyle adjustments that (while minor) have allowed us to reduce subscriptions payments that are saving us an after-tax $112/mo. Thats an extra $1344 savings annually - a huge amount over the long term as long as we can keep the discipline in place.
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