The twenty minutes a day that I have spent working out my financial problems have paid off. I highly recommend it to everyone. By focusing on one topic every day, I immediately began to put hundreds of wasted dollars back into my budget to accomplish more important goals. I'm not talking about nickels and dimes. To date, the wife and I have cut over $1,000 a month of unnecessary expenses that we were totally oblivious to.
I was mind-blowing when I came to the realization of just how much money we had been wasting for so many years… like those $5 to $8 a day lunches with office friends, not including the $2 or $3 a day going into the vending machines… and that was each of the two of us. What about keeping two cars after we retired? Was paying almost $200 a month for cable, phones and internet really necessary when we have it all for around $60 a month today? Even the most recent discovery that going from Keurig pods back to ground coffee is returning $25 a month to our savings total.
We dropped $100 a month of prescription costs and I cannot count the dollars of interest when we were able to consolidate debt into one payment that we attacked like pit bulls to pay off. And it took less than twenty minutes to pick a new electric energy supplier (can be done in certain states) to put another $20 a month to better use. The wife and I use several time and money-saving tools, apps and web sites and we have several receipts that show 60% savings with coupons and sales.
Of course, everyone's mileage may vary but if this post starts a discussion about personal finance, perhaps we can all exchange tips on ways to have more by paying less.
Do YOU have any 20-minute tips on how you are taming your budgets?
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