Hello! Are you new here? We are pleased that you found our little corner of the internet. Here at Debt Free Guys, we’re all about helping people experience the freedom of becoming debt free! Would you like to feel that relief? After reading our article below, Find out here how we can help you.
What can you cut back on in life to save money?
16 years ago we were seriously thinking about getting out of debt and now we are millionaires! How did we save so much money? By using a few strategies that are simple, sometimes strange and a little sexy. But first we paid off our debts. Pay your debts easier with the free one 7-Step Credit Card Debt Reduction Here.
Hear our 10 strategies for saving money
Here is hThis is how we save money every month
In this episode of Queer Money®we share the 10 craziest ways we save money. We discuss some of the fun things we do to avoid going out (hello, Naked Sunday) and explain the savings and other benefits of celebrating a dry month and being our own baristas at home.
We then describe how we save thousands of dollars a year by shopping less often, keeping our phones a little longer, and choosing a limited data plan. Listen in and learn how you can save BIG by driving an older (but still nice!) car and choosing a home or apartment that won’t put you in poverty.
“Our lifestyle is a contribution to our financial future, not a withdrawal from it. And you?”Click to tweet
Money Saving Topics Covered
1. Naked Sunday
Stay home and don’t spend on expensive brunch and entertainment
Stock up on food and drinks and plan fun things to do
2. Have a dry month
Reduce your spending by up to $400 (you’ll be less likely to eat out)
Opportunity to connect with sober friends
3. Keep our phones for at least 5 years
$25 to $35/month rent = $1,500 to $2,100/year
Create a rewards credit card to get free rides
4. Choose a plan with limited data volume
Use WiFi instead
Saves $80/month
5. Stick to the same simple menu and shopping list
Meal planning makes shopping easier
Treat yourself to some money from time to time (it stays special)
6. Grocery store every 7 to 10 days
Less time in store = less money spent
Create a menu with foods that are already available at home or on sale
7. Semi-annual expense analysis
Opens your eyes to unconscious spending/budget creep
Reminds us of goals and keeps us on track
8. Make our own iced coffee
Up to $12 for iced coffee x 4 visits/week = $3,000/year
Save by using a French press and storing in reused spaghetti jars
9. Bought/rented apartment with 1 salary
That doesn’t mean we can’t have a nice home
Allowed us to contribute hundreds of thousands of dollars into 401(k)s
10. Drive a 2006 MINI Cooper
- $100/month car maintenance vs. $500/month car payment
- Saved $50,000 (including the $8,000 for maintenance)