Lately, we’ve been trying to save as much money as we realistically can.
We’re not doing anything too crazy, but we are trying to make a few lifestyle changes so we are not frivolously wasting money that doesn’t need to be spent.
We are mainly trying to save money so that we can put a large down payment on our next home. We also want to start investing more heavily and take more trips.
We’re saving money in many other different ways besides just the ones below. However, the ones below are areas we are primarily trying to work on and they equal a total savings of around $1,200 a month right now.
We’re eating out less.
I’ve talked about this in the past, but I’ve never really dived into this topic too deep because I’ve been ashamed. While we are spending no where near the ridiculous amounts of money that we used to spend on going out to eat, just a few months ago we were still not doing very well.
I estimate we are currently saving around $500 a month by not eating out as much over just a few months ago.
We have been able to cut down on eating out less by eating at home as much as we can. Of course that would be the case, but it’s really been meal planning and less food waste that has really helped us cut down on our food spending.
We now shop with a grocery list and stick to the grocery list as much as we can. We have no where near the amount of food waste we used to have. I believe I once read a statistic that said the average family throws away around 40% of the food they buy.
That’s a TON of food waste!
We’re cleaning out our pantry.
Our pantry and cabinets are nearly bare because of this one. We have been making meals out of the food products we already had in our pantry. I was sick of our pantry continually building up more and more. We had cans and boxes of food filled in our cabinets, so I made it our mission to finally start eating everything.
I’m sure some of you are laughing at this, but I know there are a LOT of you out there who are guilty of this as well.
At one point I believe we had around 5 different packages of spaghetti noodles in our pantry. That didn’t include the other 10 different kinds of pasta noodles we had in there as well. We also had cans of vegetables and everything else in there. It was ridiculous and it seemed like it was never ending.
Now though, I believe we only have a few cans left and we actually have NO pasta left. It’s like a whole new world here!
I believe we have probably saved around $100 by doing cleaning out our pantry. Seems like a lot but we had a lot of food in there, and I’m sure you do as well.
We have a fuel efficient car.
Last month, we got rid of our Camaro and traded it in for a 2015 Subaru Legacy. The Legacy was more affordable and it gets twice as good gas mileage, which is amazing.
We were tired of having two cars that only got 15 miles to the gallon (our other car is a Jeep Wrangler), so we decided to trade in the Camaro.
This switch has been saving us around $350 per month already.
We are about to go on another road trip, and driving the Subaru will save us around $400 on this trip alone. That is a GREAT amount in savings.
We’re thinking about cutting out our cable completely.
This is one we haven’t fully done yet, but we did recently lower our cable package. We cut some channels out and were able to save $20 each month. If we were to cut it further, we could save around an extra $40 a month.
The reason why we are thinking about cutting our cable is because we hardly ever watch it now that we have Netflix. We signed up for Netflix around two months ago and haven’t really watched anything else.
This means a potential overall savings of around $50 a month from cutting our cable and adding Netflix to our lives.
I’m on a unexpected clothing fast.
I haven’t been trying to lower my clothing spending, it just happened. I honestly can’t even remember the last time I bought any clothing for myself. I’m going to guess that it’s been around 5 months.
I’ve been to the mall a few times, but nothing ever seems to work so I just haven’t bought anything. Also, working from home means I’ve been a little lazy when it comes to finding fun outfits to wear.
I’m going to guess that this unplanned clothing fast has saved me around $200 each month.
Oh yeah, and I also sold some clothing the other day and made $40. I plan on also donating around 6 bags full of clothing as well. WOOHOO!
How are you currently trying to save money?
How much money do you think you save each month?