How are you dealing with our poor economy?
@wildcatsthree (289)
United States
January 27, 2010 7:31am CST
Our lagging economy in the U.S. is affecting us all. My family has taken some steps to make our money stretch as far as we can, such as turning down the thermostat in winter, streamlining our trips for shopping, not dining out, and watching our food budget closely. How about giving us your tips for stretching your family's budget to the max.
4 people like this
18 responses
@ventology (1)
• United States
27 Jan 10
For my family, we trim the budget by staying home and playing games instead of going out. Also we use coupons at the grocery store to save an extra buck. There are a lot of stores that will download the coupons right onto the card. I've also learned that preparing your meal a day or two before is a great way to budget and shop for food. Another thing that is helpful is a heater blanket. My girls love them and use the blankets instead of cutting up the central system.
@wildcatsthree (289)
• United States
27 Jan 10
Great tips ventology. We can all find ways to entertain ourselves at home. Thanks for the information on downloading coupons too, and your tips for preparing meals ahead and using electric blankets instead of turning up the heat are all good.
@wildcatsthree (289)
• United States
28 Jan 10
Oh that's so true minx! We have 2 cats and 2 dogs, and luckily a king size bed, so we're never cold either.
@andy77e (5156)
• United States
28 Jan 10
Well for me, I'm just collecting food stamps and welfare, while I wait for that Hope and Change Obama promised me, to fix everything.
As long as you keep paying taxes, my money will keep coming. Hopefully he'll raise some more taxes on the rich soon. I hear the unemployment compensation is running out.
1 person likes this
@wildcatsthree (289)
• United States
28 Jan 10
Oh, don't get me started on taxes Andy. We're self employed and the self employment tax is a killer every year. I just hope we don't get classified as the "rich" or we'll be applying for those food stamps too.
@wildcatsthree (289)
• United States
28 Jan 10
That's a great suggestion gabs8513. Thanks so much for your input.
@monkeylong (3139)
• Guangzhou, China
28 Jan 10
As far as I am concerned, I think the best way to reduce the spending may not be the basic way to solve this situation. I think the most efficient way to do is you can do many more part time job ,no matter online or just in the reality,which will help you a loy in your daily life spending. Hppy you can waern much more extra money.
1 person likes this
@wildcatsthree (289)
• United States
28 Jan 10
yes, working extra hours can help make the money stretch a bit farther. Thanks so much for your input monkeylong.
@ShelleD (30)
• United States
28 Jan 10
My tip for stretching the family budget is to not go out too much. We're a family of five and that gets expensive when we go out to dinner or do family activities like movies and such. I also try to plan out our meals since it makes for easier grocery shopping and less produce get wasted that way. I always look for a sale in any store. Since it's been a cold winter for us, I've taken to better insulating the windows and doors throughout the house...it definitely cuts the energy bill down. As for clothes shopping for the kids, I get these $5 off coupons for Kohl's that my mother-in-law sends me from eBay. These are a great budget stretcher especially when you buy from the clearance racks. Hope these tips were helpful!
@wildcatsthree (289)
• United States
28 Jan 10
You sound like a very wise shopper and economist Shelle. I've started making a real effort to make sure we use up everything that gets pushed to the back of the freezer before it is too old - it's amazing what you can find back there and create a meal out of whatever you have. I agree planning out meals can save a lot of impulse buying and definitely makes the grocery budget go further. Thanks for your great tips.
@Intra_Trader (241)
•
28 Jan 10
Its Really Hard For Us, We Have No Any Budget To Put it Forward For Living or Any Bills in Future... We Just Living The Same Day and That's It. We Have Even Three Kids Which Are No Older Than 8 Years. So, Its Hard To Say Something About Future.
1 person likes this
@wildcatsthree (289)
• United States
28 Jan 10
I'm sorry to hear you are struggling so. So many people are in your situation - we just have to have faith that things will improve in the future - and soon we hope right!
@polachicago (18716)
• United States
27 Jan 10
I bought very warm comforter 4 years ago. It is good for arctic weather.
I can sleep with 55F in my room. It saves a lot without sacrificed.
When I am not at home, room temperature is at 60F. Evening and early morning I have 68F for one hour. I open my windows daily, because it is much easier to warm up clean air.
I unplug mostly everything I don't use to safe on electric bill.
I wear sweaters and warm snickers at home. This way I save a lot on my bills.
After I reduced my driving, I pay less for my car insurance, because I don't drive more that 7K miles a year.
I don't use credit cards. I cook at home and I safe using just basic, healthy ingredients. The most money spend are money I spent for my animals.
1 person likes this
@wildcatsthree (289)
• United States
28 Jan 10
That's good advice about your thermostat, car insurance, food etc. When you stop and think, it's amazing the things we can find we were wasting money on. We turn our temp down during the day when we're not at home, and also at night for sleeping, turning it up only to 68 during the early evening when we're sitting around. I didn't know that about clean air warming up easier so I will be trying that as well - it's good to let the fresh air in during the winter to kill germs too. Thanks so much for your ideas and for commenting.
@jennybianca (12912)
• Australia
28 Jan 10
I dont think my tips are particularly useful. Like you, I have had to be very careful.
I certainly have made economies with shopping for food. I lok foor specials, homebrand and rarely buy takeaway.
For clothing I have been lucky in that the luttle I buy, I used a gift card, plus I occassionally buy second hand clothes.
I dont have to pay my daughters school fees this year, so that is very helpful.
I try to save electricity, but with the heat its hard not to turn the airconditioner on.
When we went to the city to visit the art gallery, we took a bus.
@wildcatsthree (289)
• United States
28 Jan 10
Sounds like you're very savy in your spending. Buying home brands instead of the name brands and not getting takeout food does save quite a bit on the food bill. I too haven't bought much clothing and hopefully won't need to for a while yet. Glad to hear you're putting those gift cards to good use too. It must be Summer where you are - we're in the middle of a cold gray winter up here in the Northern US. Can't wait for Spring! Thank you so much for your comments.
@wildcatsthree (289)
• United States
27 Jan 10
I've found cooking meals from scratch usually gives us enough for at least another meal, so the food budget definitely goes further. We've also cut down on the amount of meat, and filled in with more potatoes and vegetables. Thanks for the ideas Savypat
@divalounger (6123)
• United States
27 Jan 10
We have two kids in college right now so things are already tight. I am self employed and the economy has taken a bite out of my income. So, I cook from scratch a lot. We eat out less frequently as well. I made a fair number of home-made presents this year for the holidays. That helped a bit as well. Mostly, though, I think we just buy less of everything: less food, less heat, less entertainment, etc.
1 person likes this
@wildcatsthree (289)
• United States
27 Jan 10
It's hard enough to make ends meet, but paying for 2 kids college tuition at once has to be a real challenge. I'm sure you saved some bucks making Christmas gifts this year and they are more special too for the receiver. Thanks for your comments and good luck.
@kaylachan (69826)
• Daytona Beach, Florida
28 Jan 10
George get as much as we can at aldy. We just spent 80 on stuff that will last us a good two weeks at least. Well, the milk one, but regardless a majority of it at least two. Some of it even longer. We split the cat litter between two litter boxes, only using half as much. Buying enough cat medicine to last us six months, and cat food to last us a month. I I look at the bills and look at where I can shave an extra dollor or two. Pay the bills as soon as they come in so we know exactly how much money we actually have to spend.
I'm worrking my butt off on other websites to get a few extra bucks here and there to establish some kind of s savings.
1 person likes this
@wildcatsthree (289)
• United States
28 Jan 10
Hi Kaylachan. Aldy's is a good place to make your dollars stretch. I too struggle with the cat litter budget with 2 kitties, going as long as I can between complete changes, and using baking soda in between to help with odor control. Sounds like you're doing pretty good in your efforts. Thanks so much for your input.
@wildcatsthree (289)
• United States
27 Jan 10
Saphrina, that's a great way to cut down on fuel, and I love the candles idea even if it wasn't saving on electricity. I may have to try that too. thanks
@Logan3745 (302)
• United States
28 Jan 10
I'm spending a lot less on food and dining out, i watch more movies on the internet,i drive less.
1 person likes this
@wildcatsthree (289)
• United States
28 Jan 10
Good ideas - when we don't go out to eat, we save the gasoline too. I haven't been to a movie theater in years - just too much money for a couple hours. Thanks so much for sharing your thoughts.
@dancediva (49)
• Canada
28 Jan 10
Great topic! My husband has been out of work for over a year so the economy is definitely hitting us. But we've been able to survive by doing things like watching our food budget closely. It's amazing how much money you can save by watching the sales in the flyers and ONLY BUYING WHAT'S ON SALE. That has been huge for us. We used to drop around $250/week in the grocery store but now we've cut it almost in half. Meal planning is big, especially making sure you only buy the vegetables that you are going to eat that week. We also changed our cell phone plan to a cheaper one. I dye my hair at home instead of the hairdresser, do my own manicures and pedicures. We watch the price of gas and try to buy on a Monday or Tuesday instead of Friday. Frozen pizzas instead of ordering in. Drinks with neighbours and friends at people's homes instead of going out and buying any necessary kids clothes second hand.
All of that has helped us to live on one income. It's really amazing where you can find extra dollars if you really work at it.
@wildcatsthree (289)
• United States
28 Jan 10
All great tips, from saving money on shopping to the hairdresser etc, and frozen pizzas instead of ordering or going out for them - that can save big. And I liked your suggestion about getting together with neighborns and friends nearby rather than spending the money to go out. Thanks for commenting.
@cutepenguin (6431)
• Canada
31 Jan 10
We are trying to use coupons as often as possible, use up everything to the last drop, save on electricity, and finding free entertainment.
@maximax8 (31046)
• United Kingdom
27 Jan 10
I am still living in a happy way. I have to save a little money for things that I have to do. Two of the windows in my home need to be replaced. I go shopping for the food that I wish to eat. I try not to waste too much food. I watch for cheap flights to come up then I book one. I shall be visiting Canada in June this year. It has been a cold winter and I have had to have my heating on a little less that I normally do. Good luck to everyone in the poor economy.
1 person likes this
@wildcatsthree (289)
• United States
27 Jan 10
Hi Maximax, thanks for your input. I think many of us are also putting off repairs for now, unless they are urgent. And making the attempt to not waste food can help along with your other suggestions.
@carlfrancis (26)
• Philippines
27 Jan 10
it's actually an instinct of every individual to find ways on how to survive. it is within you on how to fit in with a dying budget. the will to live and the will to survive is the KEY to fit ourselves with a loosing economy...it's within you maam neither one controls you.
1 person likes this
@wildcatsthree (289)
• United States
27 Jan 10
yes carlfrancis, our will to survive is indeed strong, and we will find the ways. That which doesn't break us will make us stronger. thanks for your comment
@prakash1241 (84)
• India
27 Jan 10
actually we are planning to spend less on all items where the price has increased and decrease the amount of consumption to make a balance.try to be very little as far as possible up to the time the recession ends.don't buy high rated goods.dont use AIR CONDITIONERS during winter season.thank you.bye
@wildcatsthree (289)
• United States
27 Jan 10
yes, cutting back on the air conditioner is another way. Long before we had such things, we all survived. A ceiling fan can make you feel more comfortable and save on running the AC. thanks for the suggestion prakash