Author Topic: Cut my monthly expenses $750-$800!!  (Read 2736 times)

retireatbirth

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Cut my monthly expenses $750-$800!!
« on: February 08, 2015, 01:21:53 PM »
So glad I found this website and got serious about FIRE over the last few weeks. I'm fortunate to have a decent $100k NW for my 32-year old self and no debt, pretty frugal living style, but I've shaved even more now. Here's what I'm doing/planning to do:

Reduce coffee expenses: $90/mo.
Got Mastercard Double Cash: $120/mo  (2% cash back, number is high due to high expenses on a side business, not personal spending)
Bring lunch to work: $240/mo. (no more $11 salads!!)
Reduce movies/dinner/entertainment/misc expenses: ~ $300/mo.

Considering going to coin-op laundry rather than service: $50/mo.

Total savings: $750 - $800/mo.   

WOW! I can't believe it adds up to that much now that I type it out. The dinner splurges is a more recent thing (my lifestyle was inflating) so I guess it's more like $550-$600/mo. but it's still an awesome reduction!

Exflyboy

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Re: Cut my monthly expenses $750-$800!!
« Reply #1 on: February 08, 2015, 01:33:09 PM »
Great job.. I managed about a $600 reduction doing similar things.

My big gotchas were having a landline, Wife's Verizon plan often hitting $100.

Replaced all that with two phones at $5 and $10 a month!

shopped around for insurance,, huge savings there

cut internet costs by $20 a month.

It all adds up!

bigalsmith101

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Re: Cut my monthly expenses $750-$800!!
« Reply #2 on: February 08, 2015, 01:51:02 PM »
I just did similar and pared down our expenses by about 10%. Dropped from around $1450/mo to around $1300. It gets harder to trim the expenses the better you get at it!

marshmallowaddict

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Re: Cut my monthly expenses $750-$800!!
« Reply #3 on: February 08, 2015, 08:01:33 PM »
Good for you! My mission this week is to renegotiate my cable/internet bill :-)