Hi everyone,
I just wanted to share a personal success when it comes to cutting down on monthly expenses, excessive wants etc. I have finally cancelled Sky TV (UK Cable) - $80 and my BT Inifinity fibre optic broadband (76MB) after switched to another non fibre broadband provider that's still unlimited - saved $36
Total monthly savings - $116
This is quite a step forward on the path of FI as it shows my commitment to it, not only to FI but I am on a path of less is more and savouring what I do have. There is a complete abundance of tv material available for free and as part of the british tv license that we pay yearly. I simply don't need all those extra channels at all. It was in part a hard decision as it's easy to feel like I am loosing something, giving something up, limiting myself etc. Those kinds of feelings came up before but this morning I was in the mood to cancel :).
As for the broadband, my speeds will drop from 76MB to 16MB but to be honest the only real reason I had such fast speeds was from my old piracy days which I simply no longer do. There will be no bottleneck in steaming files, browsing websites. I will simply have to wait a little longer when downloading big files which is far less frequent an activity I do anyway. I spend most my time on my ipad.
I feel a bit more free and light not having those extra expenses there. I will however be funnelling that extra money into more discretionary spending so that my FI journey does not make me feel as limited as I currently do with regard to experience pursuits and living/fun money. That in essence ensures my FI fund will be consistently updated every month by 50% of my salary and I will not feel like I am sacrificing day to day activities which is a nice feeling - much better than simply having more channels and a faster speed of download.
Chris