Showing posts with label household budgeting. Show all posts
Showing posts with label household budgeting. Show all posts

Sunday, January 22, 2023

Cheapskate Review... Monthlies




This post is not for those who are trying to increase their monthly expenses. This is for the other group of humans who are trying to urgently reduce their monthly bills, so as to get a hold of their finances and have more money left at the end of the month.....that they can choose to spend freely in a manner that pleases them personally.


We live in an age of subscriptions. Everything can be ordered as a recurring monthly subscription program...... including cat food, online weight loss programs,  film streaming, social media memberships and gyms. If you don't pay attention, you may be paying for a lot more monthly subscriptions than you need or want.

So, let's pretend you are trying to completely eliminate your recurring monthly non essential services. What things can you do without?

Social media premium level memberships. Some social media platforms are requesting their users to buy a membership which "enhances" their usage to a "higher" level than the "freebie" loving general public. Do you really need this monthly bill? Is it really adding value to your life? I am not going to type in the actual name of these social media platforms, but you know which ones they are. You don't need to be paying for usage, if there is a basic "ad based" format still available.  That's maybe 2 or 2 monthly subscriptions gone from your monthly billing cycle.

(CHEAPSKATE HACK) I recently discovered a site which allows you to watch and enjoy everything that is currently on the ad-based format of a very popular social medial site.....but without the ADS! I was thrilled to discover this worked well. I noted that it did not have 100% of the same functionality of the ad based platform, but it worked well enough to allow me to watch and/or listen to many of my favorite recordings without the  distracting nuisance of ads. Ad blockers may also help you survive through other annoying ad filled apps. Be sure that the ad blockers are legit and do not add viruses to your laptop/PC.

Next, Do you really need to subscribe to a monthly film streaming service? Have you looked into cheaper and/or free options? There are several film streaming services that offer free or cheaper versions, such as Roku (with purchase of unit) or Tubi. I also just noticed an ad for a free streaming service called Plex. Is it any good? Have you used it?
Does your local public library have free access to streaming services? 
Does your local public library have free access to CD's and DVD rentals? Do you still own a DVD or Blue ray player that you can dust off and put to good use? Must we really pay a monthly fee for entertainment when free or really cheap offerings are all around us?

Thirdly, have you signed up for some kind of monthly delivery of certain goods? Certain foods, or hats, or wine or cheese tastings? There is nothing wrong with any of these expenses, as long as we can afford them. I have even seen monthly subscriptions to dress or clothing rental programs. Don't sign up for these type of things carelessly by just throwing them on a credit card. Use these type of services when you can afford to use them. These monthly bills add up. Do the math today and add them all up. Print up a statement, a hard black and white copy of one month of transactions on your bank accounts and credit cards. Write down each one that make a debit deduction on a monthly basis. Add them all up. How much is being deducted automatically from your bank accounts and/or credit cards? How many did you find?  
I want you to be sure that you really want or need the items that you are paying for on a monthly basis. When you take control of your monthly bills, you may discover that you have more funds left over at the end of the month that you can use for investing or vacations or for building up a reserve fund to pay for those things we can't always predict....such as car repairs or a new lawn mower, or a better health care option.

Make your money obey YOUR own  commands....not the expectations of the ad companies that have targeted you because of your income or lifestyle profile. Algorithms are ruthless in how they target us night and day. Use discipline and self control to choose when and how you spend/save your money. Make your money make sense.

Have you signed up for magazine or newspaper subscriptions that you rarely read? Cancel them unless you use them often. Public libraries offer free alternatives, many of which may now be accessed online in the comfort of your own home. You can also buy a newspaper straight from your local convenience store, without subscribing to anything. Keep freedom in your wallet, and buy things without a monthly commitment.

Charities may target you with their fund raising appeals because you live in a certain area code. They may specifically ask you to become a monthly automatic donor. Be careful of these type of arrangements. An automated charitable gift will have the right to take money from your account because you have authorized their organization to do so. The system then becomes dehumanized and will continue to take your monthly donations even if you find yourself in a tight financial bind. I am not telling you to become selfish. I am not telling you to not give. But I am telling you to give on your own time table and in your own style. Don't let the person or organization who is the receiver of your generosity, determine how you give. Don't be manipulated by promises of "special premium donor status" which try to convince you to give higher amounts of money. If you want to give large amounts of money away, please go ahead and do so, but do so because YOU have chosen to do so, not because someone has manipulated you into making you feel guilty for the blessings you have. Do the charities you sponsor show proper gratitude for your gifts? Thankfulness and gratitude for your generosity is essential. Make sure to expect and accept thanks from those whom have benefited from your charitable giving.

Give when and how you choose, and in the amount you can afford.
If you prefer to write an old fashioned check, because it helps you balance your budget, then do that. You don't need to give in the manner that a certain charity prefers. Give as YOU choose, because God has given YOU authority over your own finances. There is a reason that you have what you have. Don't let anyone tell you otherwise.

Last, but not least, have you signed up for a gym membership that you never go to? I have heard a horror story about a woman who cancelled her gym membership only to discover that the gym still kept taking money out of her account every month. She finally had to go to the bank in person to have the matter dealt with. Some folks have had to cancel their bank accounts, because a gym refused to cancel their monthly bill payments. Be careful what you sign up for, especially if it requires a monthly payment. Some gyms allow you to pay up front for one day or one week of usage. This allows greater control over someone who only needs a gym once in a while.

Well friends, that's all for now. My rant is done. I hope that you are prospering and enjoying all the beautiful things and wealth that you have....on your own terms and on your own time schedule. Be well :)

Peace,
Carla. 
























Thursday, June 9, 2016

3 Easy Steps to Chop $ FAST OFF your Household Bills

This is gonna be a REALLY short post...so pay attention.
If you implement only these 3 EASY Steps, you will IMMEDIATELY start saving money OFF your household bills:
NUMBER 1: 
 Start doing ALL your laundry in COLD water. Not cool water, not warm water...but COLD WATER.
This will immediate start saving you money on whatever your home uses to heat your hot water.
If using COLD water to do your laundry makes you uncomfortable, I would encourage you to run a personal experiment and do one full day of laundry using ONLY COLD water and see if you can notice and lowering in the quality of your laundry. I dare ya! Most most most people can not notice ANY difference at all in the quality of their laundry after switching to washing in cold water!

NUMBER 2:

 Unplug STUFF that you don't use on a daily basis. What kinda stuff you may ask?
Well, stuff like your electric blender or your DVD player. Why? Because when electrical items are plugged in, even if the power button is "off", still drain a small electric current from your outlets ....and that constant tiny drain of electrical current is called "PHANTOM" power.
PHANTOM POWER costs you MONEY! So, anything that you don't utilize personally on a daily basis can be happily unplugged RIGHT NOW and only plugged back in WHEN YOU NEED IT.
Stroll through your home and see what items are plugged into EACH electrical outlet in your home. Is there a lamp that no one uses? UNPLUG IT! 

NUMBER 3:

Start super duper shopping and stocking up on the LOCAL LOSS LEADERS. What is that you say?
LOCAL LOSS LEADERS are items that grocery chains and department stores sell "BELOW COST" in order to draw customers into their stores. They don't make money from selling those items, but they use them as a very effective method of getting more humans into their stores. The stores know that once someone is physically present in their stores, the odds of them buying ONLY the loss leader items is very low....so the know that  the customers will wind up buying at least several other items while they are in the store. The stores know that they will earn a profit from these other items, even if they lose money from the "LOSS LEADER" items.
So what, in your local stores are the LOSS LEADERS? For us, it is totally BANANAS. Literally, bananas are a very effective high volume sales item that almost EVERY large grocery store and/or department store in my city carries. The prices are literally ROCK BOTTOM and there is even a price war going on to reach the lowest of the lowest LOSS LEADER PRICES.

So, in closing, stock up on these items...whatever they may be in your city.....
( some plentiful and very low priced well stocked items) and use them to keep your pantry full. Your family will thank you for it and your wallet will too :)

Peacefully productive,
Carla.