Since I have returned to being a stay-at-home mom, I've been trying to cut back on our expenses. It feels funny to say that after just writing two checks this week to the plumber for over $5K total as we had a new furnace and air conditioner installed yesterday. The temps are in the 80's outside today, which is warmer than usual for this time of year in Pennsylvania, and I have to say I am very grateful to finally have air conditioning after having gone without since we returned from Aunt Janet's house in early July. We could have paid less than we did, but we went with a heat pump, which is not something we had before. This means that now our furnace will only be used when the outside temperature is below 35 degrees. We are hoping this means we'll pay less for natural gas for the furnace in the coming years. Thankfully it's very rare for us to be spending that much money in one fell swoop. Some categories (like clothing) I don't feel I can be much more frugal than I already am because almost everything the kids wear comes from a yard sale, and Paul and I hardly ever buy any new clothes or shoes. Some financial changes have already been put into action. Others won't go into effect until 2020. Here's what I've come up with so far:
1. Next year I'm hoping to cut back the "kids" line item of the budget by at least $2K. This category includes camps, classes (art, chorus, ice skating, etc.), Upward basketball, textbooks and supplies for homeschooling, and food/bedding for the guinea pigs. For example, the kids won't be attending horseback riding camp next summer. Nadia really wants a cat, dog, or rabbit, and Ian would like a gerbil, cat, or dog. At this point I haven't figured out a way to include another pet in our budget, but I am trying to work on that as it would be a great gift for her at some point. Considering I am preferring a slower paced lifestyle these days, the desire to spend less money works well with staying home more because many activities outside our house cost money.
2. Next year we should be able to cut the vacation line item by at least $1K, but in 2020 I think we'll spend quite a bit more than we did this year since we're hoping to go out west.
3. The mortgage was paid off this past spring, which means 2020 will be the first full year we won't have any mortgage or rent payments.
4. The last several years we've only had cable television for 4-6 months a year. This year to try to cut back further on that expense, we only signed up for the local channels which means we're paying less during those months we have cable.
5. I've decided to only get my hair cut three times a years instead of four times a year. I cut Paul, Ian, and Oliver's hair. Nadia gets one haircut a year.
6. We had to make changes in our charitable giving. I did not enjoy making these reductions, but it was necessary.
7. We already have begun to make significant cutbacks in the "entertainment" line item. This is for restaurants, tickets, admission fees, etc. When we got take-out pizza, we used to get two large pizzas. I recently have switched to only getting one pizza. Some events are pricey (like our tickets to Sight and Sound) so I'm trying to spend less than $13 a week at restaurants. Last Friday the comedian Ken Davis was at our church. We skipped that, and we also skipped going to the Bloomsburg Fair to hear Amy Grant and We are Messengers sing on Sunday night due to the cost involved. Thankfully if Nadia and I volunteer to help with Compassion, we can get into some concerts for free.
8. In terms of the house, we have paid for some things over the past three years that were appreciated but not absolutely necessary like a new kitchen faucet, replacing the deck, and replacing some flooring. For the foreseeable future I think we need to just stick with needs rather than "wants" in terms of home improvement in part because some of the "needs" are rather pricey such as a roof that will need to be replaced in the not so distant future.
9. We have already overspent in the gas line item for 2019, and the year isn't over yet. EEK! We have no control over the price of gas. I am going to try to be more careful about how much I drive the van. Paul's car doesn't get as good gas mileage has his previous car (Prius), and he drives at least 600 miles a week, but there's nothing we can do about that aside from moving closer (which we're not planning to do).
10. Although I try to shop frugally when it comes to grocery shopping, I have a goal to try to do better in this category in 2020. The past three years we spent $4,600 a year for food, paper products, cleaning supplies, toiletries, etc. This year we are going to exceed that amount. I'm hoping in 2020 to get us back to $4600 if at all possible although since we're not buying as much pizza it means I'm cooking one more dinner most weeks than I used to when we got 2 large pizzas. I have stopped buying Hot Pockets on a regular basis. I'm just buying them as a special treat a few times a year. A hot pocket usually costs $1 each (sometimes a little less) whereas it costs a lot less than $1 to make a PBJ sandwich, bologna sandwich, egg and toast, or a hotdog. Nadia is not at all crazy about this change. I wish that there was an Aldi closer to us. That would be a great help, but I'll try to do the best I can with the stores that I usually frequent.
11. I'm not planning to send out Christmas cards this year. The postage stamps I would have used for those cards are now being used by Nadia for letters to her pen pal. We also are cutting back in the "gifts" category of our budget. Paul and I hadn't really spent much of anything on gifts for each other the last few years, but this past Christmas he got me a ring. I really like the ring, but for now I think we need to go back to not buying each other gifts. There are other ways I am planning to save money in the gifts category; that's just one example.
12. I'm trying to return to couponing at CVS once or twice a month. I'm also trying to remember to use Rakuten or a similar website when I'm doing online shopping. I have always paid attention to which credit card is earning a 5-10% rebate in which category each quarter, but this year (for the first time) I've actually been buying gift cards to the gas station or grocery store to max out the benefit during the quarter and then use those gift cards in another quarter when we would only earn 2% through the credit card. Since we spend very little money at restaurants (the Discover category that is earning 10% rebate for this quarter), I'm grateful that they also included PayPal this quarter. I usually don't use PayPal, but I've been using it for online purchases whenever possible this quarter to maximize the 10% rebate. For example, since Priceline takes PayPal, I booked our room for one night in Richmond today using PayPal since the quarter ends in two days.
Hopefully by making these changes (and others that might come to mind in the future), we will be able to save enough money for things like Ian's braces, replacing the roof, replacing our vehicles, replacing the oven, replacing the garage door, etc.
12. I'm trying to return to couponing at CVS once or twice a month. I'm also trying to remember to use Rakuten or a similar website when I'm doing online shopping. I have always paid attention to which credit card is earning a 5-10% rebate in which category each quarter, but this year (for the first time) I've actually been buying gift cards to the gas station or grocery store to max out the benefit during the quarter and then use those gift cards in another quarter when we would only earn 2% through the credit card. Since we spend very little money at restaurants (the Discover category that is earning 10% rebate for this quarter), I'm grateful that they also included PayPal this quarter. I usually don't use PayPal, but I've been using it for online purchases whenever possible this quarter to maximize the 10% rebate. For example, since Priceline takes PayPal, I booked our room for one night in Richmond today using PayPal since the quarter ends in two days.
Hopefully by making these changes (and others that might come to mind in the future), we will be able to save enough money for things like Ian's braces, replacing the roof, replacing our vehicles, replacing the oven, replacing the garage door, etc.





































