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Re: How do you Manage your Budget?
by
merj99
on 29/07/2018, 11:43:31 UTC
I manage the budget by prioritizing by critical and non-critical things.
Critical things are rent/mortgage, food, car and car insurance, utilities (water, gas, electric), at least one cell phone, and internet because I work from home.
Food shopping and mortgage are probably the biggest bills I have. I'm pretty frugal with food shopping, try to buy in bulk, and portion out meat by serving or meal before it goes in the freezer.
Instead of paying hundreds of dollars on a fancy cellphone & contract, I use a tracfone. Spent $20 on a dumb phone and maybe spend on average less than $15/month on service. I use an old iPhone for apps on wifi. Quit cable and get Netflix or Amazon Prime subscription.
Don't go out to eat. Cook from scratch. Stop buying coffee from DD.
Dive into thrift shops for "new" clothes or miscellaneous things around the house.
Going from "abundance living" to frugal living takes some adjustment. You'd be surprised how much you can save.