S
super103
Guest
Good Morning
As of Jan 2005 I had to make a few radical changes to dealing with finances and spending.
Phone Insurance
Cancelled my phone insurance, at the end of the day the most important part of my phone is my phone numbers and I cant insure them. Plus if your phone is stolen you only receive a certain percentage of the total cost. Total savings per year 78.
Hair cuts
Recently took a trip into town to buy myself a razor to cut my own hair. This cost me 25. I would usually get my hair cut at least once a month at around 20. Total savings per year 240-25 = 215. At the risk of looking like I’m fresh out of prison for the first few haircuts. I think It will be worth it.
Lunches
Have you ever actually thought about the money you spend buying lunches. I would normally spend between 5-10 a day on my lunch. On the other hand I could spend around 12 euro in the supermarket. Which would provided me with a homemade lunch for 5 days. Total savings per week based on spending 6 a day on lunch minus 12 = 18. Per month 18 * 4 = 72. Total savings per year 72 = 864
Smoking
This was a tough one, as I did smoke a lot, and chained smoked when I was having a few drinks. I bought a well known book, on how to permanently give up smoking. Although it took me nearly two months to read it I’ve eventually given up. Book cost me 15. Total savings per year 1800 - 15= 1785
Mortgage Protection.
Although I no longer have a mortgage to worry about, this can also be a massive saving. It should’nt cost you a penny to get an up to date mortgage protection (life assurance) quote from a broker. But it could save you around 6,000 over the term of the mortgage. Worth checking out!
Credit Cards
Credit cards were my worst nightmare, At one stage I had 4 going at the same time. Not quiet as bad as what I’ve read from some of the members in here. But It was still worrying for me. I eventually consolidated them into one debt. One year later I had a loan taken out to pay of the credit card debt. Plus I had also been using the credit cards again. It just made matters worse. Now I never use the plastic, I pay for everything with cash, if I don’t have cash. I save!
Nights Out.
I would normally spend over a 100 on a night out. I used to go out nearly 4 or 5 times a month. I’ve cut this back to going out 2 nights a month. The savings have been phenomenal. At min If this continues I will have saved at least 2400 per year.
If I stick to my guns I will have saved 5,324.00 the first year. Not bad for making a few sacrifices. Not sure what I’m planning on doing with this money. Might invest it in a few Pacific Basin High Risk Penny Tech Stocks and retire by the age of 35 or I could be practical and use it to pay off my out standing debts at a quicker rate.
As of Jan 2005 I had to make a few radical changes to dealing with finances and spending.
Phone Insurance
Cancelled my phone insurance, at the end of the day the most important part of my phone is my phone numbers and I cant insure them. Plus if your phone is stolen you only receive a certain percentage of the total cost. Total savings per year 78.
Hair cuts
Recently took a trip into town to buy myself a razor to cut my own hair. This cost me 25. I would usually get my hair cut at least once a month at around 20. Total savings per year 240-25 = 215. At the risk of looking like I’m fresh out of prison for the first few haircuts. I think It will be worth it.
Lunches
Have you ever actually thought about the money you spend buying lunches. I would normally spend between 5-10 a day on my lunch. On the other hand I could spend around 12 euro in the supermarket. Which would provided me with a homemade lunch for 5 days. Total savings per week based on spending 6 a day on lunch minus 12 = 18. Per month 18 * 4 = 72. Total savings per year 72 = 864
Smoking
This was a tough one, as I did smoke a lot, and chained smoked when I was having a few drinks. I bought a well known book, on how to permanently give up smoking. Although it took me nearly two months to read it I’ve eventually given up. Book cost me 15. Total savings per year 1800 - 15= 1785
Mortgage Protection.
Although I no longer have a mortgage to worry about, this can also be a massive saving. It should’nt cost you a penny to get an up to date mortgage protection (life assurance) quote from a broker. But it could save you around 6,000 over the term of the mortgage. Worth checking out!
Credit Cards
Credit cards were my worst nightmare, At one stage I had 4 going at the same time. Not quiet as bad as what I’ve read from some of the members in here. But It was still worrying for me. I eventually consolidated them into one debt. One year later I had a loan taken out to pay of the credit card debt. Plus I had also been using the credit cards again. It just made matters worse. Now I never use the plastic, I pay for everything with cash, if I don’t have cash. I save!
Nights Out.
I would normally spend over a 100 on a night out. I used to go out nearly 4 or 5 times a month. I’ve cut this back to going out 2 nights a month. The savings have been phenomenal. At min If this continues I will have saved at least 2400 per year.
If I stick to my guns I will have saved 5,324.00 the first year. Not bad for making a few sacrifices. Not sure what I’m planning on doing with this money. Might invest it in a few Pacific Basin High Risk Penny Tech Stocks and retire by the age of 35 or I could be practical and use it to pay off my out standing debts at a quicker rate.