In order to give you a good view of the whole picture, I need to back up a year or so and tell you how we saved, shaved and cut our budget. Change means change, some good and some bad. Here's a list of the corners we cut to be able to afford "The Farmstead."
Cable/Satellite TV:
We turned our Satellite off over a year ago. Now, before you screech in terror, that doesn't mean that we don't watch our shows anymore. In fact, we've come to prefer the way we get to watch TV these days. Rather than subscribe to a monthly cable provider, we subscribed to a different way to watch the shows we love: HULU Plus. We've also subscribed to Netflix Streaming during the year, but for now, have chosen HULU as our entertainment hub. With HULU, we are able to watch all of our favorite shows, plus a ton of shows we'd been missing out on. We can watch them when we want, too- no more missing shows because life happened. We also get to watch old series back to back instead of waiting. And we even get to watch our newer shows just a few days after everyone else does. We purchased Roku's at Walmart and hooked them up to our TV's, but you can do the same thing with a laptop or desktop computer. We also have an antennae and pick up over THIRTY channels of local, HD television!
Bottom line: We went from paying $71 a month to $7.99 a month. First year savings: $656 (that includes the one-time costs of the Roku devices.) Yearly savings after that: $752
Haircuts: I taught myself how to cut my boys' hair a long time ago, but the savings are too great to go without mention. I have three boys if you count my husband. If they only got their haircut once a month (can you say Shaggy?) and only spent $10 a piece on the haircuts (can you say Cheapo?), then I would be spending $30 a month on their haircuts- and that's before we touch my daughter's or my own! I have always cut (and now colored) my daughter's hair and I've always colored my own. The savings are huge. There are plenty of youtube videos that will teach you if you're nervous. Go ahead and try it! It will grow back!
Bottom line: Yearly savings: $560
Laundry Detergent: I have been making my own laundry detergent for several years now. It's fun, it works great, and it means girlfriend time! If you want the skinny on how this is done, check out my other blog:
You Can Make Your Own Laundry Detergent, Too!
Bottom line: Yearly savings: $336
There are so many things you can do to save money. Don't be afraid to start small! The little things really do add up! Here is a list of other things you could try to introduce in your budget! If you have great ways to save, leave a comment!
Replace an "out to eat" meal with a picnic made from home. We do this very often and on average, we save $40 each time we do it! The kids love it and we're making great memories in the process! Even if you did it just once a month, you'd save
nearly
$500 a year!
I wouldn't recommend this for everyone, but we changed our auto insurance policy from full-coverage to liability with uninsured/underinsured coverage.
We don't finance our vehicles, so we're free to make that choice. We understand that if we're at fault in an accident, that we might actually lose a vehicle, but for us, it was a choice that works. When we added our 16 year-old to our policy, it more than doubled because my vehicle carried full coverage. Now that we've scaled back to liability coverage, we see a savings of more than
$1,675 a year!
Another decision we made was to allow our cell phone contracts to expire. Over the past decade, our cell phone bill had crept higher and higher until we were paying over $125 a month for cell phones- and that's if we didn't go over and we paid the bill on time. Finally, we shopped around for contract free phones. Contract free phones are just that- no contract! That means, if you can't afford to pay a bill, you don't rack up late fees and reconnect fees. Instead, you just can't use your phone until you have the money, which is how things are supposed to work, anyway! Tim and I chose Straighttalk from Walmart. With 6 month unlimited cards, we enjoy unlimited everything, including data- FOR LESS. We save over
$600 a year on two phones and enjoy extras we couldn't afford with a contract.
See? It's not that hard to save! With just these few changes, we're able to save $4200 a year. The savings don't seem like much until you add them up! So, how are YOU saving for YOUR DREAMS?