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Everyday Cheapskate: 25 Ways to Save $1,000 on Monthly Expenses

Mary Hunt on

A number of years ago, I met Kathryn and Galen. They'd won a contest sponsored by Woman's Day magazine. The prize? A money makeover and financial coaching with ... me!

Not only were they drowning in debt but Galen was also dealing with a protracted season of unemployment.

Even with our new scaled-back lifestyle, my students were $1,000 short every month.

Never have I seen a couple so committed to getting out of debt. They didn't complain or seek pity. They didn't whine or make excuses. Instead, they adopted a scorched-earth attitude as they became committed to doing anything and everything possible to reach our goal.

Here's Kathryn's list of the 25 things they did to cut expenses:

1. Coupons: We joined The Grocery Game (an online program that is no longer in business; an excellent alternative is Grocery Budget Makeover) to slash our grocery bill.

 

2. Sought help: We accepted help from community food-distribution ministries and ended up working as volunteers once we were back on our feet.

3. Bought used: When our oven failed and sofa wore out, we replaced them with cheap yet gently used items we found on Craigslist.

4. DIY: We made our own laundry detergent -- plus anything else we could.

5. Community college: Our daughter withdrew from private college and moved home to attend local community college for a fraction of the cost.

...continued

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Copyright 2019 Creators Syndicate Inc.
 

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