scoobysnack
Senior Member
- First Name
- no
- Joined
- Dec 23, 2017
- Threads
- 9
- Messages
- 302
- Reaction score
- 232
- Location
- Walnut Creek, CA
- Vehicle(s)
- 2018 CTR, 2008 Volvo C30, 2009 Infiniti G37
Pretty good advice. We should start a save money thread - for that future Civic of course.
Save 10-20%
Pay Credit Cards in full
Don't buy individual stocks? I do have only index funds. Went from Schwab to Vanguard as it was cheaper.
Insurance - large deductible - done
I am not rich and I don't make six figures. Just small steps. Execution matters.
So where does the money go?
I use Metro PCS for cell phones. Three phones and I paid $75 per month flat fee. No iPhone. I can't believe what folks pay for cell phones!
No cable, I do have Netflix.
Eating out maybe twice a month. I cook very well. Learn to love the crock pot on weekends to make stuff to last the whole week.
Cheap haircuts at Great Clips. Has to be done normally every 30 days so why spend $50.
Clothing, thank God for casual dress in the office I can buy my wardrobe at Old Navy. Cheap. No more ties and cuff links.
Other ideas? Ways to save? Just look good and hard what is on auto pay from your checking or credit cards.
Amen! both my wife and I make six figures but I buy one pair of shoes and wear them until my socks are rubbing the pavement. I buy shoes MAYBE once every 5 years. My cell phone bill is $50/month (though I do get a work discount). When my wife and I got married we had a home phone line, internet and cable. In the last couple years we dropped the phone line (should have done it 10 years ago) and recently dropped cable. Like you we get what we need from the internet. Our comcast bill went from $150/month to $60/month.
The only debt we have is mortgage and student loans. Like you we only use credit cards to earn points and then pay it off immediately.
The house we live in is smaller than what we could have afforded... the cars arent as fancy as we can afford. I literally spend money on home, utilites, kids, food and beer. Paid cash for the CTR. Insurance is cheap.
I think too many folks, especially younger ones, get carried away with having the newest and nicest "stuff". Most of my clothes have holes in them, not because I cant afford new clothes but simply because I dont NEED new clothes and dont mind that they're worn out.
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