Debt Advice – Expense Busting
A new year is prime opportunity to review your progress in the area of finance. You should be aware by now, how much you owe, who you owe it to, when it is due, and where the money is coming from. it time for the tweaking! One major leak in my finances we found was our laziness. We ate out, all the time. Not just the two of us, but toting along the two boys, usually resulted in a bill that ranged from $25.00 to $50.00. Since I am now home, I have very little reason to THINK its what I should be doing. Our goals of financial independance would be better served by spending that money wiser. We have agreed to eat out once a week. Here is what that means to us.
I found that our average daily food expense was $50.00. That is a total cost of $350.00 per week. Now, the change in our habits is going to change our weekly expense to an average of $150.00 a week. I don’t scrimp on food, I buy organic milk and eat fresh fruits and veggies too. Netting us a savings of $10,000 a year. Don’t I feel stupid for my conveniences! Debt elimination is my goal, so there was a prime opportunity!
Here is where the irony comes in. Both Michael and I enjoy cooking and experimenting with foods. We are now incorporating the kids during the meal preparation when time allows. So a win win all around. Next stop… entertainment.