Comments on: Downsizing To Save Hundreds Per Month & Reduce Needed Income.

By: Is Squatting in a Foreclosure Acceptable?

Is Squatting in a Foreclosure Acceptable? — Thu, 20 May 2010 14:16:36 +0000

[...] Downsizing To Save Hundreds Per Month & Reduce Needed Income [...]

By: Aury (Thunderdrake)

Aury (Thunderdrake) — Fri, 14 May 2010 19:03:28 +0000

Let it be said that living below your means is a cornerstone to a more solid future.

Though I recently adapted that generating income is a compliment to cutting expenses. You can only go so far with the latter. But people go TOO far with the former. At least when it comes to spending it… Leaving no assets to their name. It’s a scary little dichotomy when I think about it.

Hopefully you can secure some good assets with a good downsizing like that, eh?

By: Kimberly

Kimberly — Wed, 12 May 2010 16:05:41 +0000

Great list and I’ll add prepaid cell phone carriers to that list. While I was preparing to graduate last year, I realized I was putting out more than $110 a month on my cell phone bill and my budget couldn’t handle it. So I decided to switch to Net10 prepaid and the savings have been huge – more than $70 a month back in my pocket. Over the next two years, I should be saving more than $1,600 with Net10 and I don’t have to worry about contracts or hidden fees. Net10 is totally about savings and flexiblity in terms of plans and phones – phones range as low as $29 and top out at $79 and you can buy minutes as you go or pay month to month. Not to mention while I’m shopping at Target or Walmart, I can actually buy my phone and minutes or re-charge mintues directly from the phone itself. If you’ve ever been skeptical about prepaid, Net10 will make you a believer.

By: MyFinancialObjectives

MyFinancialObjectives — Tue, 11 May 2010 02:03:42 +0000

Wow those are some serious changes, and a HUGE increase in your monthly cash. I would recommend upping your 401k allocation before you get used to your new available cash:)

By: Amanda L. Grossman

Amanda L. Grossman — Mon, 03 May 2010 21:48:40 +0000

Hello!

What a great job you did–perhaps they were tough choices, but what great rewards!

I am happy to say that one of our debts is officially paid off, giving us an extra $300 in cash flow each month. Then in July, our final car payment will be made, giving us another $400 to add back into our cash flow. Woohoo! The feeling is great.

I enjoy your blog, so keep at it:). Check out mine sometime if you get the chance.

By: Monevator

Monevator — Sun, 25 Apr 2010 23:03:54 +0000

Good stuff. It’s amazing how spending changes when you stop living like ‘money is for spending’.

Well yes, it is – but you can only spend it once. I like it to breed a bit first.

By: David/Your finances 101

David/Your finances 101 — Wed, 21 Apr 2010 23:35:39 +0000

I try to do this about every six months.

I review how many minutes I use on my cell phone, check whether my cable channel package is too much, so on and so forth.

Our needs change over time and down-sizing can always be an option.

By: Rose the debt settlement Queen

Rose the debt settlement Queen — Wed, 21 Apr 2010 21:38:17 +0000

I think this is a brilliant idea and I wish more people felt the same way. I have implemented this into my life and hopefully others will as well.

By: Stephan

Stephan — Wed, 21 Apr 2010 20:22:53 +0000

This is exactly the type of behavior that I hope more people practice/ I do think the economy of the past 2 years has really changed how americans look at money and their personal finances. Why would a single person need 2 bathrooms? Simple questions like this used to be taken for granted as everyone had access to cheap credit at low interest rates. I think its great you took the step and dowsized both your housing and transportation.

By: Olivia

Olivia — Tue, 20 Apr 2010 17:44:14 +0000

This is EXACTLY the kind of thing I wish more people would do. So many people complain about not having enough money, and yet they have so many unnecessary expenses they could cut back on. I’m sure you will be very happy about this decision in the long run. Think about how much money you can now save up for bigger and better things! Congratulations!