Now that we're currently living on just my income, we need to identify areas where we can cut back on our spending. It's a great opportunity to refocus on what necessities really are and how we can save money on those things we do have to buy.
These are a few small actions I've taken (or plan on taking) to help us live on as little as possible. Even if this season of one income is very short, some of these changes will hopefully become permanent and help us reach our financial goals.
1. Not getting my hair cut
This may sound extreme to some, but for me it was an easy decision to make. I've only been getting regular haircuts for the past year, so going without one for a while won't bother me. Of course I'm hoping Nathan will find a new job before I'm due for a haircut anyway.
2. Stepping up my couponing game.
I have no desire to look through recycle bins for coupons, but I need to make better use of the ones I have. I've gotten a little lazy lately and let some good ones expire.
3. Buying cheaper razors
I'm normally not a brand loyal person, but I've been using Schick Quatro razors for years. I decided to switch to two-blade razors that were 75% cheaper. This has turned out to be a painful decision (literally), but I think I can handle it for a while.
4. Only grocery shopping every two weeks
It's too early to know if this change will actually save us money, but I think it will. If nothing else, I'll be spending less time shopping and less money on gas than I was when I shopped once a week.
5. Temporarily stopping HSA contributions
Right now, part of each of my paychecks goes directly into our Health Savings Account. If the unemployment continues for another month or so, I'll stop making that contribution. We already have enough money between out HSA and emergency fund to cover our out of pocket maximum.
6. Only buying 1% milk
For a year I've been buying skim for me and 1% for Nathan. I finally decided that I'm not going to become obese from drinking 1% milk, so I've stopped buying skim. With the two of us sharing one gallon, we're much less likely to waste any because it's gone bad. The extra refrigerator space is a nice bonus too.
7. Severely limited eating out
I know some people seem to think you should never eat out, but it's nice to be able to go out for dinner as a couple or have lunch with coworkers at least a couple times a month. I don't think we'll be able to completely give it up, but we're going to have a very small number in this budget category. Thankfully, I have several unused
Groupons we can use for a date.
8. Not buying new makeup
I've run out of both my foundation and mineral veil, so I'm looking very natural right now.
9. Shopping for a lower car and renter's insurance.
We're spending a huge chunk of our income on insurance. The company Nathan chose several years ago had the best rate at the time, but now that he's added another driver, a second car, and renter's insurance to his policy, it's time to look again.
10. Deleting all daily deal e-mails immediately
Groupons are great for saving money on restaurants, entertainment, and even clothing, but when you don't have a budget for these categories, it's brutal looking at all the deals you have to pass up.
Heartsy was really rough. It's better to just delete the e-mails before I can read what they're offering.
What small or big changes have you made to save money?
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Top Ten Tuesday from Oh Amanda.
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Frugal Friday on Life as Mom.