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Old 06-29-2008, 06:39 AM
Location: Alexandria, VA
148 posts, read 636,003 times
Reputation: 120


The experts tell us our costs are going up but wages will not match the increase. It would be to our advantage to cut $500 from our monthly family budget. This could go to pay increasing energy bills and save for upcoming deep economic recession in 2009.

Please tell us how your family is going to cut out $500 a month in spending.
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Old 06-29-2008, 06:57 AM
Location: America
6,993 posts, read 17,112,948 times
Reputation: 2092

move to the hood and rent cheap?
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Old 06-29-2008, 07:04 AM
24,841 posts, read 36,822,341 times
Reputation: 11537
No way! I worked to hard to get where I am. The Feds should be glad I am spending.
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Old 06-29-2008, 07:10 AM
Location: A Yankee in northeast TN
15,669 posts, read 20,301,166 times
Reputation: 42076
Considering the tight budget I live on I guess it would mean giving up my house payment, or my car and insurance, or my groceries. Hmmmm, decisions, decisions!
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Old 06-29-2008, 10:03 AM
Location: SoCal
316 posts, read 685,551 times
Reputation: 70
Default Its Hunker Down Time !!!

I heard on Talk radio last nite a very interesting fact.
For every 1 cent that gasoline raises it cost 1 BILLION DOLLARS

Its definetly time to hunker down !
No unneccessary costs at all like .

cable tv - Gone !
Family nite out at movies - Gone !
Netflix - Gone !
All Frivilous spending !!! - Gone !
2nd Car - Gone !
All weekend getaway toys , Gone !
All weekend getaways , Vacations ! - Gone !
All eating out -- Gone !
No drinking water service - Gone !
Get used to eating alot of Beans and rice !!!
No 4th of July fireworks -- Gone !
No Christmas gifts ! - Gone !
No birthday or Holiday Gifts ! - Gone !
No more A/C at home and Car - Gone !
Carpool Ride to work !
Start recycling Cans , Bottles , Metal !!!!
Make kids pay rent when 18 OR they're OUT !
No more Beer or Alchohol to relax after work ! _ GONE !


Last edited by jetway777; 06-29-2008 at 10:28 AM.. Reason: none
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Old 06-29-2008, 10:08 AM
Location: Heartland Florida
9,324 posts, read 26,360,247 times
Reputation: 5035
Hope that property values keep falling and my taxes go back to 2000 levels.
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Old 06-29-2008, 10:14 AM
Location: Sherman Oaks, CA
6,588 posts, read 17,320,455 times
Reputation: 9451
I'd start taking public transportation to work, stop eating out as much, brown bag my lunches to work more often, and not take any vacations that require a lot of driving or flying. Even then, I probably wouldn't be saving $500 a month, but I doubt that I'll need to. I'd probably have to save around $250 a month (I don't drive very much as it is.).

Also, at that point my kids would be completely on their own when it comes to finishing their education, because I wouldn't be able to help them. Now that's just sad.
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Old 06-29-2008, 12:48 PM
Location: Raleigh, NC
475 posts, read 1,288,333 times
Reputation: 348
I don;t hae a ton to cut. I could cut cable that would only reduce our monthly bills by $50. DH and I work in opposite directions so e have to have 2 cars. I'm a teacher so a few of us are going to carpool in the fall saving maybe $20 a month. I'm only at $70 because we don't really have anything else to cut out as we really don't have anything to begin with.
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Old 06-29-2008, 12:53 PM
655 posts, read 892,257 times
Reputation: 240
My wife and I both used to hit Starbucks 4-5 days a week. That alone was about $300 per month, or more, plus the gas of going there. We invested in a very high end, Italian espresso machine. Not some cheap walmart special, but the real deal. It cost $1800. It paid for itself in about 6-7 months. Its been three years now and we love it. The best part, is we have perfected the art of making lattes and espressos. Better then going out for them and it saves us mucho bucks.

Another we have recently began doing is making a task list and hanging it on the fridge. We try and cordinate all errands with as many as we canon each trip to save gas. The amazing thing is we are spedning less on gas now, then when it was $2.90 a gallon!

We are eating at home more and buying much of our produce direct, at farmers markets. We used to eat out daily, often mutiple times. This has saved us at least $500 monthly!
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Old 06-29-2008, 01:41 PM
Location: Charlotte, NC (in my mind)
7,946 posts, read 16,991,431 times
Reputation: 4670
I am neck deep in credit card debt and living WAYYY over my means right now. I landed a great job after college graduation in December and became careless with spending. Considering the current economic situation, Ill be surprised if I am still employed at the end of the year. I am definately up a creek, and there isn't really anything more I can cut for at least six months. After the first of the year, when the lease on my luxury apartment runs out, I am moving to the cheapest yet safe apartment I can get.
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