Twitter   RSS   Email  
 
Home
Admin

 How the Global Economy is Dependent on Christianity


 Why America May Never Recover From the Recession


 Save Money Homeschooling


How to Find Something to Cut Back On

By: Steve Johnson

6/12/2008 - 89 Comments

As the recession continues to sink its teeth in, everyone will soon be looking for things to cut back on. 

In order to cut back on spending, it helps to understand just what your money is being spent on.  So, the first question is, ‘What do you spend money on?’  If you have a budget it will be a bit easier to answer this question, but if you don’t than you may need to do some research.

Here is an idea.  Get a piece of paper and write down everything that you can think of that you spent money on this month.  Then, read the list to everyone in your family and ask if you forgot anything – adding the new items to the list.  Don’t forget the bills - add them to the list too. There, now you have a pretty good idea of where your money is going each month.

The second question is, ‘What is absolutely necessary?’  The big items are usually easy to find, like the mortgage, car payments and credit card payments.  Cross out all the items that are absolutely necessary.  Then, start looking at the items that are almost necessary, like dog food, groceries, paper tissue products, batteries, etc and cross them out. Then, look for things that you could live without, like, kid’s summer camp, new clothes or cable TV.  Circle those items that you think your family could live without.  Ok, now your family members may not agree with everything that you circled, so get them all together to discuss what items they agree to cut out.  If they all fuss about the items that effect them the most, then you may have to ask everyone to share the burden by having each person cut something that they like.

Services

The service sector of the economy has been expanding for years.  As the net worth of our nation rose, so did our appetite to outsource the things around the home that we didn’t want to do.  Services are going to be one of the first places to look for things to cut, although cutting back on them will put the work bad on you.  Here is a list of services to look at:

  • House cleaning / carpet cleaning
  • Lawn care / snow removal
  • Eating out / delivered food
  • Hair cuts
  • Washing your car / changing your car’s oil
  • Entertainment / movies / cell phones

The good news is that cutting back will perhaps give us all more time with our family – doing the things that we love, like the dishes.

If you find yourself cutting back on things, I'd love to hear how you did it just leave a comment at the bottom of this article.

Copyright © 2017 PennyJobs.com. All rights reserved.

The New Master Your Money

This book provides a step-by-step plan to financial freedom presented in an easy-to-understand format. Do you know if you have enough? Do you know how much is enough? If you can't answer these questions, The New Master Your Money is for you. Ron Blue extracts principles from God's Word and applies them to your financial portfolio. Ron's professional experience in financial planning will be an asset to you and to your family for generations to come.

Raising Money Smart Kids

With each generation the children seem to have more money available to them than their parents. With this should come responsibility and learning how to spend or save wisely. The problem is that most just learn to spend as soon as they get it, get it by begging parents or an allowance with no responsibilities involved or similar. Enter Janet Bodnar, deputy-editor of Kiplinger's Personal Finance, mother of three, and writer of the Money Smart Kids column in Kiplinger Magazine. This book is provides a framework within which parents can use good common sense to handle any situation.

How to Save Money Every Day

Ellie Kay has done it again! In her new book "How to Save Money Every Day," Ellie will have you laughing (literally!) all the way to the bank with the money you'll save following her tips. What makes Ellie's advice so extraordinary is that in many ways it's so...well...ordinary! This is practical stuff anyone can put into practice every day in every area of life.

Your Money or Your Life

There's a big difference between "making a living" and making a life. Do you spend more than you earn? Does making a living feel more like making a dying? Do you dislike your job but can't afford to leave it? Is money fragmenting your time, your relationships with family and friends? If so, Your Money or Your Life is for you. From this inspiring book, learn how to, get out of debt and develop savings, reorder material priorities and live well for less, resolve inner conflicts between values and lifestyles, convert problems into opportunities to learn new skill, attain a wholeness of livelihood and lifestyle, and much more.