I have been trying to “cut the fat” from our budget today. It’s not easy, but here’s what I have found:
- I called our telephone company, and managed to cut out a whopping $5/month from our home phone/internet bill. Of course, I could just cut off the home phone entirely, but I’m not sure we’re there yet. Soon maybe, just not yet.
- I called our auto insurance company, and got a few good ideas about how to cut our premiums, but we’re really using most of the available discounts already. I’m going to get my info together and call about adding our homeowners to the policy to see if we could save on both, but that’ll be a task for another day. No direct savings here.
- I reviewed our power bill and saw that we have reduced our average consumption from April to May even though it was hotter in May, so that’s good. In fact, we’ve dropped our budget billing amount by $17/month!
- I’m seriously considering cutting off our satellite TV. It’s $90/month, and we watch a handful of TV hours a week. A little more soul-searching will be required before this decision is reached. I did cut off the extra receiver that we don’t use but have paid for about 6 years longer than we needed it. $5/month saved there.
- I cut off the DVD service for Netflix, saving $7.99/month.
- I cut off the Equifax reporting for Michael that I have let dangle for WAYYY too long. There’s another $14.99/month.
- I cut off my subscription to WildTangent games since I really don’t use it much and don’t need to be playing computer games in my free time anyway. 🙂 $6.99/month saved.
Grand total: $39.97 of cut-off stuff + $17 power savings + lots of things to think about = not a bad day’s work
Here are some other areas that I’m working on:
- Using meal planning to cut grocery spending in HALF from May to June
- Driving less, watching gas prices closer, etc. to cut gas consumption by $60 (getting it within our new budgeted level)
- Eating at home more…MUCH more…to reduce our eating-out budget by 66%
Do you have other ideas on how to cut the budget?