Newbie Here – This Budgeting Thing is All New To Me!

Budget101 Discussion List Archives Budget101 Discussion List Newbie Here – This Budgeting Thing is All New To Me!

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      You’ll get lots of suggestions from others on the list. These are
      the first that come to mind and ones that worked for me. All of them
      may not work for you, or be to much for you to want to do right
      away. So here goes……..

      CUTTING BACK ON EXPENSES —

      1. Eliminate unnecessary spending — This includes eating out,
      buying clothes except when absolutely necessary, getting rid of all
      but one car, canceling cable tv, not renewing magazine subscriptions,
      looking at phone bill and canceling unneeded things like call waiting
      or call forwarding etc.

      2. Keep track of spending — write down where you spend your money.
      This includes the 50 cents you pay for a paper at gas station —
      every single penny you spend, write it down. THis will help to see
      exactly where your money is going, and help decide where to cut
      back. I use several categories to list spending in — food, personal
      care items (shampoo, bath soap), house cleaning supplies, gas,
      insurance, etc. Your categores will be different

      3. If possible, move into a smaller house, or appartment that costs
      less to rent/buy. Or take in a roommate.

      4. Learn to cook if you don’t already know how. Buying food and
      cooking it at home is so much cheeper than eating out, and buying
      premade boxed items at the store. You will eat healthier and much
      cheeper this way.

      More will come to me later Im sure…. but these will help you start
      someplace.

      — In Budget101_@yahoogroups.com, “injuryfund”
      wrote:
      > Hi All. I don’t think I’ve ever had to budget in my life but now I
      > do because I have a serious back injury, and I cannot work right
      > now, and I have $35k in debt that is quickly becoming an issue.
      > With a six-figure income, a measley $35k isn’t an issue, but now
      > with no work, debt, a large mortgage, etc., it IS.

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Budget101 Discussion List Archives Budget101 Discussion List Newbie Here – This Budgeting Thing is All New To Me!