This year we need to really buckle down financially. My finances definitely don’t reflect a somewhat responsible mother of 2 with full time employment. With student loans out of control, credit card debt haunting my dreams, and bad shopping habits, I am making plans this year to save as much as I can. My husband is as bad as I am with the bad shopping habits but at least his student loans are consistent and credit card debt is not as much of a problem. Regardless, together we are changing our ways in 2015…at least making the effort to change.
This year we want to move into a house. It doesn’t matter to me whether we buy or rent but I need a house with a backyard! Along with moving comes a lot of additional expenses with the biggest one being first month, last month, and security deposit. We don’t have this money just lying around at the moment so a house is the biggest reason why we’re saving this year.
Getting use to saving can be a hard when you’re not use to it but it does get easier to save when you have a plan. Luckily, I have a plan =) There are some tips that I am going to use this year to guarantee that in 9-12 months we have what we need. Below are the ways that we are going to save money in 2015 and as long as we actually follow them every week or every month it should be pretty fool proof…. I don’t know, we’ll see in a few months if I’m house hunting or not =)
Withdrawing cash first: This is something that I started doing years ago and I recently got my husband to start as well. As soon as we get paid we go to the ATM and each withdraw a certain amount of cash for the week. Whether it’s $150 or $350 but that is all that we can spend for anything that is not a bill since our bills usually get automatically withdrew or we pay online or something. But dinners, shopping, gas, lunch, everything else gets paid for by the money that we initially took out on pay day. Then when the money is gone we have to make a conscience decision to either take a little more out or go without (we never go without, lol) What this does is limit the amount of times that we swipe our debit card. This was super effective for my husband once he saw all the money that he saved in just 2 weeks between paychecks.
Cancel gym membership: Not like my chunky butt went to the gym everyday anyways, and although it is only $20/month, that is $20 that is going towards my student loans which in turn will help my credit and get us in a house quicker…. there’s always a plan! Instead of the gym, there are easy ways to burn those pounds for free. For me it’s running, incorporating home workouts and even office workouts. Also, my development offers free boot camp classes once or twice a week at night at the clubhouse. I’ll be joining very soon.
52 week savings challenge: Ok so I don’t read all those money saving books and listen to all those rich quick people however, I am going to participate in this weekly challenge although I tweaked it a bit. For those of you who have not heard about it on the radio or news, this challenge starts by just putting $1 in your saving account for the first week of the year. Then you put $2 for the second week, $3 for the third and so on. The amount per week correlates with the week in the year it is. At the end of the 52 weeks you have almost $1400. Sound great but of course I found the flaw…at least for me. When you have weeks 49-52 that fall in the same month, that’s over $200 that I’d be taking from checking and into savings. Sounds great but maybe not during the month when my checking account is also my Christmas shopping account. So instead my version of the challenge includes putting $20 a week from my checking into my saving’s until I reach week 20, then follow the challenge as it is supposed to go normally. When I reach November I can cut the amount in half and can still afford to save and play Santa!
Coupons! Coupons! Coupons!: You would think this is a no brainer, but I am terrible at shopping with coupons. I always leave them at home and never remember to stick to what is on them. I am making a conscience effort this year to use coupons with every shopping spree that I do. I bought one of those coupon holders and it will go everywhere my wallet goes. Also, since we pretty much live at Target we are going to do that Red Card thing they have so we can save 5% every trip.
I know how many coupon queens and money saving divas are out there so please share with me your best tips! And feel free to use mine =)
The Hot Mess Mom
Get more MOMentous Motherhood in your inbox
Subscribe to our mailing list for FREE Printables, Funny & touching stories, Tasty recipes & Amazing products, hard to find anywhere else!
Thank you for subscribing.
Something went wrong.