While reading the New York Times this morning I came across this article that really caught my eye and stopped me dead in my tracks. It was about billionaires and how they are cutting back.
Okay, stop laughing.
Seriously, stop laughing.
The B-I-L-L-I-O-N-A-I-R-E-S are cutting back.
If I played the lottery every day and won a few times, I'd still never be a billionaire.
How about you?
Sure, I don't live in a bubble I know that millions of Americans are cutting back on things and I have to confess that I've made only minor adjustments to my spending. I mean I can't lie. Just a few days ago I went on a Bento shopping spree.
However after reading today's article I plan on making a more conscious effort to cut back.
Can you hear Big Daddy cheering in the background?
I mean if someone listed on the Forbes list of 400 wealthiest Americans is cutting back, then shouldn't I?
Now, I will just say right up front that if you want to know how to feed a family of 6 for $300 a month, I'm so not your girl. But I always believe that we can all learn a little from someone. And in regards to finances you can bet you will probably learn just a little from me. I on the other hand, hope to learn a lot from you and if you are like me, and are learning as you go, we can at least go through this together and share ideas and support one another.
So, I want to hear your thoughts.
Are you cutting back?
How have you cut back?
Do you have any cool money saving tips to share?
I'm going to set up a Mr. Linky (help me Amy B!) a little later (check back) so that you can share your thoughts. As always, make sure you link up to the specific post, and not just your blog address.
I'm going to be thinking over the weekend about what I can do to cut back and then post it to my blog. One thing I've learned by watching daytime talk shows (pre-homeschooling days) is that in the area of finances its the little expenses that add up. So while I don't have a private jet to put up on the auction block, I'm thinking it might be a good thing they closed my favorite Starbucks.
3 comments:
I am trying to pay down debt to get through this. We finally got our $1000 safety net in place and now we are attaching the credit cards. So... I am selling a ton of stuff we don't need: books, curriculum, DVDs, stuff like that. If the debt is out of the way then we can use that money for other things... like gas! :)
First, I wanted to say I love the Bento box ideas! Very creative - I know the Japanese love presentation. I use DHC which is a mail order skin care line that is made in Japan and I love the pretty packaging they use. But I try to buy on sale - there's one money saving tip.
I also clip coupons religiously. I make my own coffee (I've never set foot in a Starbucks and I live in the Northwest, the very birthplace of coffee or so they would like you to think). We don't eat fast food. I compare prices and check unit priceing as well.
But I don't think I'm ready to sell my private jet just yet ...
Kate
Let's see... to save money:
+I cut coupons and shop using www.TheGroceryGame.com (of which I own a franchise).
+We limit eating out for real treats and emergencies. Besides, home cooked meals taste so much better! Oh but when we do eat out, we always get water to drink. If we get tea or soda, it is often wasted since half of it is still in the glass when we leave and it really does take away from the taste of the food.
+The only other thing that we really do is consolidate our trips. We live a little further out than we used to, so things like grocery shopping, soccer practice, errands and the mall are further away. We save time and money by making a day of our errands instead of running out for every little thing.
Okay, I don't know how helpful that was! We haven't really cut back with much, these are just things that we have always done. It's easy when it becomes a lifestyle and we never feel like we miss out on anything!
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