Cut budget! Help! (car insurance, credit card, loan)

[T84]

I'm trying to reduce the cost of living on what I need. What can i get rid of?? Tips and ideas on reducing my cost??

Car payment - 508.00 (almost paid off, next due date is in 2010)
Car Insurance - 190.00 ( i'm 24)
Gas for car - 200-250
Cell Phone - 55.00 (got company discount)
Gym - 25.00
Blockbuster online - 23.00
Credit cards 50.00-150 (paying more then the bill)
dine out - 100-150 (dine out and going out)
Others - 100.00 (hobbies etc.)

school is paid for so that's not a big deal.

[leowife]

I would say goodbye to Blockbuster online and cut down your dining out. Use that money to pay off those credit cards.

[T84]

i only have 1200 on my credit cards left to pay off with no interst until may 09... i guess i should just go ahead and pay it off.

[mich2fla]

Pick up a book by Dave Ramsey.

How often do you go to the gym? 3-4 times a week? Depending how often you go to the gym, I would cut gym membership, blockbuster, and reduce the dine out to $75/month.

Shop around for car insurance every year. Keep your deductibles to either $500 or $1,000 (depending on your savings).

Pay off your CC first then pay off the car.

[T84]

I try to go to the gym everyday, but I normally can get there at least 3-4 times a week if not more, no less. I can cut the dine out, what about going out? you need a social life.....

[acegolfer]

I think you are doing fine except for blockbuster considering your age. The thought of living frugal is more important than anything else throughout your life.

[T84]

Well with the blockbuster it's actually saving me from going out when i have a movie at home already i don't need to get out to see a movie.

[Wild Style]

Originally Posted by T84

I'm trying to reduce the cost of living on what I need. What can i get rid of?? Tips and ideas on reducing my cost??

Car payment - 508.00 (almost paid off, next due date is in 2010)
Car Insurance - 190.00 ( i'm 24)
Gas for car - 200-250 (car pool if you can)
Cell Phone - 55.00 (got company discount) (get rid of this?)
Gym - 25.00 (go to your schools gym?)
Blockbuster online - 23.00 (get rid of this)
Credit cards 50.00-150 (paying more then the bill)
dine out - 100-150 (dine out and going out) (stop eating out)
Others - 100.00 (hobbies etc.) (you can cut this out too)

school is paid for so that's not a big deal.

My comments in bold. IF you really want to cut everything out yo can do the stuff I mentioned.

[Broward resident]

Blockbuster and the gym isn't the problem here - they are easy to cut but aren't material at the end of the day. Also, being 24, you need to go out and have some fun once in the while.

The problem is your car, which accounts for about 75% of your total expenses. If a pay raise isn't within sight, you may want to think about trading down to a more modest car. Or working additional hours to pay for it all.

[T84]

i have 7k left on the car of a 32k loan, it's an 06.
So your saying i should pay the car off first? and then my CC?
i think i'm doing rather well, over all. I think what i'm looking for are tips and ideas on budget cuts.