Tuesday, November 17, 2009

Maybe I Should Write a Book

I laughed one day watching Oprah. She had someone who had written a book because they had cut their budget around $30,000. When Fred quit his job to go back to school, we cut ours $55,000. I was a stay at home mom the first ten years of our marriage and I knew how to live on a tight budget. I was able to do it by pulling out our budget from 1996. We had the money for his tuition and books set aside in savings. I had just hit the top of the pay scale so we were going to have an increase in my pay. We sat down and came up with a plan.

Here it is maybe there is something you did not think of that you could cut out of your budget too.

Yearly savings

· Before we started we paid off our credit cards saving $6,000

· Cut out weekly pizzas $720

· No hair cuts or perms $ 300

· No donations to anyone $1000

· Cut cable $600

· Cut house phone service $1200

· No lawn service $650

· Cut out weekly dinner out or breakfast out $1000

· No more newspaper deliveries $360

· No magazine subscriptions $100

· Bought a junker to get rid of a car payment saving $4,800

· No new clothes $300

· Plane Fairs $ 1200

· No Christmas Cards $100

· No exchanging Christmas gifts extended family $1000

· No new converse $ 200

· Cut food budget in half

Used coupons, generic and made everything from scratch $4,800

· Deferred student loans $ 6,000

· No exchange of birthday gifts $ 200

· No exchange anniversary $ 100

· No vacation at the shore $ 4,000

· Car pooled every other week $ 600

Additional income

· My pay increase $ 5500

· Worked extra period per day $4000

· Stipends/A plus $ 3,000

· Fred side work $ 7,000

When he graduated and got a real job, the pizza came back first, then new car, and the house phone.

1 comment:

  1. I am laughing at your number for eliminating new clothes. 300 dollars. That would be my number too but today, ONE new outfit would cost that much. Did we know how to budget or what!!!!!