Like many families, we’ve had to cut back on our spending in the last few years. We pay our bills (mostly on time) and save up to do something fun, like a recent trip to Philly for a friend’s wedding. But, we have no savings and have accumulated quite a bit of debt. Now, we’re looking at braces and college and car expenses for the kids.
It’s getting out of control and the ride HAS to slow down now.
Does any of this sound familiar? I know we aren’t alone and I want to document my journey towards frugality to help others too.
Now, I’m not going to go completely off the grid or anything like that. I don’t want to change our entire lifestyle. Besides, I’d probably have rebellion stewing in the family if I did.
Frugality, to me, is about learning to be more careful with my resources – thinking about what’s really important and cutting out the extras, planning ahead, and being less wasteful.
I plan to focus on learning how to pay down our debt, cutting out unnecessary expenses, selling things we no longer need, and limiting our food expense. Also, with the holidays breathing down our necks, I’ll try to find ways to cut costs without being a Grinch.
Just to make things clear: I’m no expert but will do my best to give good information or at least point you toward someone else who can. I also can’t claim any guarantee of success. In fact, I expect to fall right on my face at some point. Several times, no doubt. But I promise to be truthful and probably poke fun at myself in the process.
Is this something you might be interested in? Are you already ahead of me on this? Please join in with your ideas as we go along. I’d love to hear them!
Flickr image courtesy of pedrosimoes7