Expenses I’ve Recently Cut
Let’s start the morning off on a positive note.
Over the last two months I’ve made several cuts to some of my household and entertainment expenses, freeing up about $ towards debt reduction and savings.
<clap clap clap>
Here they are:
- Gym Membership — I quite my expensive gym ($58/month) and joined a gym offering a good deal to families through my dad’s employer ($12/month). My old gym was definitely the cream of the crop and I miss the amenities. The new gym is much smaller, but they are under new ownership, remodeling, offering more classes…and I just can’t beat the savings. Total savings: $46/month
- Phone and Satellite Services – I stripped all of my extra features from my home phone service, including call waiting and caller ID. Since I make most of my long distance calls from my cell, I also changed my long distance plan to lower the base monthly fee. Also, I got rid of my HD package with Dish and took myself down to the most basic satellite package (though I will admit I will likely add HBO back when The Sopranos comes back to finish its run!). Total savings: $50/month
- Cancelled Netflix – Yes, I love Netflix. But I wasn’t watching the movies. Those red envelopes would sit for weeks near my dvd player taunting me. I plan to use the library for movie rentals on weekends when I’m jonesing for some couch potato time. Total savings: $15/month.
From those actions alone I’m saving $111 per month on what I was spending the last year. Freeing that up to put towards debt reduction and savings feels great.
Lifehack.org has a few more suggestions on cutting expenses. Making your own coffee at home and using the library are ones I’ve been incorporating for a while. And I definitely plan on incorporating some of J.D.’s tips on how to eat vegetarian on the cheap once our farmer’s market opens up in April.