4 Simple Ways I Plan to Cut My Spending This Year
(The following is a guest article. Hi, my name is Jessica Moorhouse and I blog over at Mo’ Money Mo’ Houses, a personal finance blog for the savvy, sassy, independent lady (or lad) of today. I also happen to have a thing for puns and 90’s music from Notorious B.I.G. Feel free to follow my personal finance journey on Facebook and Twitter.)
I’ve been a frugal person all my life. I live to save a dollar or two. I’m also highly organized and have several spreadsheets to help me keep my life and finances all up to snuff. So when I looked at my T4s and my bank accounts at the beginning of 2013, I was pretty shocked to see that I had spent way (and I mean WAY) more last year than I had thought. The thing is, as shocked as I was, once I started investigating where all of my money went, it all made sense. So this year, I vow to be a better saver! How do I plan on doing this? Read on to find out.
1. Meal Plan and Cut Out the Snacks
For a while I had been so good at meal planning. But at some point in the year I had traded in my skillet for a takeout menu and spent over $4,000 on eating out! Just think of all of the things I could have done with that money! What a waste! And I’m not just talking restaurants. A lot of that was just grabbing a coffee before work or buying a muffin during my break. I sure don’t want this to happen again, so I plan on eating out no more than once a week, cutting out expensive drinks at restaurants, and making healthy meals at home instead.
2. Staycation Instead of Vacation
I went on a lot of trips this past year. I didn’t intend to, but one weekend trip quickly turned into four, and then of course there was that spur of the moment decision to visit Thailand. Hey, I had a great time on all of these trips, but I sure do wish I would have stayed in a bit more to save some mega-bucks. Since I traveled so much this year, I think I may opt to staycation instead of vacation this 2013.
3. Put a Limit on Shopping
I honestly didn’t think I went shopping that much at all this year. The reality is I did a lot of shopping online and across the border and just lost track of how much I spent. I love me a good deal, but it’s definitely not hard to go overboard when you see a bunch of discount signs everywhere. In the future I’m going to set strict limits on how much money I’m going to spend before each shopping trip to avoid “accidentally” spending a few extra hundred dollars here or there.
4. Get the Wedding Over With and Be Married Already
And lastly, one of the major expenses I had this year was my upcoming wedding. We are having more of a traditional day complete with church ceremony and reception with at least 90 of our closest friends and family and that doesn’t come cheap. We’ve still got a few things to pay for yet, but most of the big purchases and deposits were made in 2012. I can’t wait to get married and not have to worry about all of those big bills to pay for. And also because it will mean I’ll be happily married. Maybe I should have put that first.
How do you plan on cutting your spending this year?If you enjoyed this post, make sure you subscribe to my RSS feed!
Subscribe to Our RSS Feed
- Store Spotlight: How to Save Serious Cash at Lands’ End
- Top 10 Father’s Day Coupons for 2013
- Blog Spotlight: 10 Questions With Adrienne of Adrienne Smith.net
- App of the Week: GasBuddy
- Blog Spotlight: 10 Questions With Eric of DollarVersity
- 5 Ways Men Shop Differently Than Women
- App of the Week: Triposo
- Infographic: Breaking Up With Debt
Most Popular Posts
- 10 Best Ways to Save Money at Costco
- How I Got Out Of Credit Card Debt
- 10 Frugal Tips You Can Use Right Now
- 5 Things I Bought New and Wish I Hadnt
- 5 Best Smartphone Apps For Consumers In Debt
- Frugal Ways To Get In Shape
- My Old Man: Frugal, Cheap, or Just Strange?
- Frugality In Practice: Only Buy What You Can Afford, Please!
- What My Dad Taught Me About Money
Online Coupons Search
Follow The Deals On Facebook!