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Making The Financial Sacrifice To Get What You Want.

Last year, my wife and I decided we needed a change.

We decided that since we were living in Southern California, and we did not know how long we were going to be here, we really needed to live by the water. You know, the REAL California. Where we were living before, while it was still in Los Angeles, might as well have been in Ohio; it was like any other suburb. (No offense to Ohio of course..) However, this was going to take some sacrifices and changes in the way we handled/spent our money and our finances. When we started looking for a new place, most apartments were about $1000 more per month than we were spending and that was a scary prospect. But with some number crunching, we found some ways to save and scrimp our way to being able to live at the beach. At first I didn’t really think it was possible; I mean we came close to matching our income every month in the cheap apartment, so where would I come up with the extra $1,000 we would need to move? These are the financial sacrifices and money savers that I can remember that we did in order to make it happen.

  • Consolidated our cell phone plans into 1 family plan, and as an added bonus got what we wanted from Sprint
  • Reduced DSL speed to basic high speed internet. This was something I never really thought of before, as we were paying $34.95 for high speed DSL, and I did not even realize that is was the “tier 2″ speed. Reducing it to tier 1 saved us $15.00 per month, and we have not suffered any noticeable loss of web browsing speed.
  • Started working from home. This saved on commuting costs, car insurance, clothing, meals, etc. I am guessing that by working from home, I am saving several hundred dollars per month.
  • Stopped eating out at restaurants as often as we were. I think we go out about once a week now instead of several times a week, which is saving us a lot of money. Plus, we have more to look forward to in that our once a week is really special!
  • Went grocery shopping with an actual list and decided that we needed to stick to it. Too often in the past we went with only a slight idea of what we needed and ended up spending a fortune on extra stuff. Now we are in and out of the store in 30 minutes and spend a lot less.
  • Moved somewhere where we did not need air conditioning. Where we used to live, the summer was just brutal. 100 degrees + all summer and the electric bills killed us! Now that we moved down near the beach, we don’t even have air conditioning in our apartment and it stays between 65-85 year round. We barely even use the heat even in the winter.
  • Joined Netflix for our movie entertainment. We do not really go out to the movies anymore, as it costs about $30 each time for the both of us to see the movie and get some popcorn. Now we watch movies all month for about $15 per month, and we end up seeing new releases only a month or 2 after they were in theatres. This was a big savings!
  • My wife took on teaching a toddler’s class part-time, which brings in another couple hundred dollars a month. This goes a long way to helping us financially.
  • Got our own private health care instead of through an employer. We are both covered and it costs less than I was paying through my former job.
  • Canceled our gym memberships. With the ocean and the parks as your backyard, what did we need to go to a sweaty gym for?
  • Combining all of the above with a basic cutting back in our recreational activities enabled us to move to the beach, where we felt like we were really living in Southern California. Sure, we do not go out as often and we do not shop that much anymore for clothes or electronics, but when I walk out my door and see the ocean, it makes the sacrifice, both in finances and lifestyle, all worthwhile. Sacrifice is important to get what you want from life. If you want to retire early, you have to put away a lot of money early so compounding will work wonders for you. Want to take fabulous vacations every year? Start putting $100 a month into a vacation fund so you don’t have to put it on the credit card. It takes work and patience and some sacrifice, but in the end what you really want to have is attainable if you are willing to give up instant gratification and save for it!

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    Comments (36)

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    1. [...] Making The Financial Sacrifice To Get What You Want [...]

    2. [...] November 2006 (21) Recent Comments Carnival of Personal Finance » Carnival of Personal Finance #86 on Making The Financial Sacrifice To Get What You Want. [...]

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    5. [...] Making the Financial Sacrifice to Get What You Want: David at my two dollars laid out what he and his partner accomplished in order to live where they want. Considering my recent relocation woes, this is timely and poignant. [...]

    6. sfmoneygal says:

      I’m impressed at how you and your wife did it. It makes me want to crunch the numbers again to see if I could move to a better place and cut down on other areas of my spending.

      Thanks for the inspiration!

    7. Leanne says:

      I like the way you think and live! It’s amazing what we can do when we put our minds to it! Great job!

      ~leanne

    8. david says:

      Thanks for the comment Leanne!

    9. david says:

      Good luck sfmoneygal…I know SF is wicked expensive so I feel for you. Hope you get what you want!

    10. [...] david on Making The Financial Sacrifice To Get What You Want. Carnivals Carnival of Personal FinanceCarnival of Debt ReductionCarnival of InvestingFestival of Frugality Supporting Sites Coupon DuckeBay ING Direct Restaurant.com Gift Certificates ShareBuilder 401(k) Upromise-save for college Buy.com LinkworthSavings.com Get Your Equifax Credit Report Now! Refinance your car loan with E-LOAN Site Hosted By: If you are looking for a great web host that is easy to set up, I can recommend Dreamhost with no reservations! Meta [...]

    11. [...] As I mentioned in a previous post, saving our money has allowed us to live a dream of ours of living at the beach. Growing up on the East Coast, I was around water my entire life, but my wife grew up in the Mid West, where beaches are rarely found. So when we met and were living in suburbia here in Los Angeles, we made a choice to save money for a while and then move to the beach. And I could not have asked for anything more, as I see the sunset every night now go down over the water. It made saving our money to make this happen even more worthwhile. [...]

    12. [...] wife and I talked about wanting to move to the beach for quite some time. We went back and forth, trying to decide if we could afford it and what we would be willing to [...]

    13. [...] Two Dollars: Making the Financial Sacrifice to Get What You Want. Great post on how he and his wife transformed and simplified their lives, giving up a lot of [...]

    14. [...] yourself. What is the use of money if you do not have any goals for it? Whether it be a new car, moving to a better place, starting a business, or paying for your child’s education, you need to set goals. What [...]

    15. [...] March Robotys (admin)11:20 amAdd comment This post is a fruit of a post by David at My Two Dollars (Making the Financial sacrifice to get what you want) [...]

    16. David, I’m a little late on this thread, but I wanted to leave a “Well done!” and let you know how much I enjoyed visiting your blog. I somehow got here from Digg — oh, a Cheap Dates article on the front page of Entertainment today. It’s amazing how we all get around now in the Blog Universe. Hope you are enjoying life on the beach.
      Take Care,
      Sherri

    17. david says:

      Thanks Sherri! I appreciate you coming by and commenting!

    18. [...] moving somewhere cheaper. This will be a big one for us, as we already made a ton of sacrifices in order to live down by the beach. Once our first child comes, we will probably end up moving away from California, where we can [...]

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    20. [...] at My Two Dollars chose a post from earlier this year about making a financial sacrifice to get what you want. He gives a great real-life example of setting a goal, making financial sacrifices, and then [...]

    21. [...] Making the financial sacrifice to get what you want. My Two Dollars talks about some simple steps that they took to get something they wanted – a house by the beach. [...]

    22. [...] over at Get Rich Slowly featured 82 greatest hits from money bloggers everywhere. My post about making sacrifices to get what you want was featured and chosen as a favorite. If you have never seen the Carnival of Personal Finance, [...]

    23. [...] of CA or NYC, at least). And believe me, I don’t like paying it either, but we do…and we made the sacrifices to be able to do so. Here [...]

    24. [...] have written before about what we gave up in order to move to the beach. It was not a decision that was taken lightly..some of these were [...]

    25. [...] Making The Financial Sacrifice To Get What You Want @ My Two Dollars “Sure, we do not go out as often and we do not shop that much anymore for clothes or electronics, but when I walk out my door and see the ocean, it makes the sacrifice, both in finances and lifestyle, all worthwhile. Sacrifice is important to get what you want from life.” [...]

    26. [...] at Moolanomy posted the “Personal Finance Blogosphere Best of 2007” and my post “Making The Financial Sacrifice To Get What You Want” was included. Thanks for that project [...]

    27. [...] you want to be, and where you want to end up. My thirties have been an adventure – I got married, I made sacrifices to live where I wanted to live, and I quit my good-paying corporate job to start out on my own working from home. And so far, [...]

    28. [...] creating your budget and frugaling up your finances, you created $200 in margin between what you earn and what you [...]

    29. [...] I did have a plan, and it has paid off rather well, I must say. We had learned a lot about planning when we moved to the beach and our rent tripled (while our income didn’t) , so for months before I quit, my wife and I [...]

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    32. [...] yourself. What is the use of money if you do not have any goals for it? Whether it be a new car, moving to a better place, starting a business, or paying for your child’s education, you need to set goals. What [...]

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