I thought I'd write about a topic that a lot of people can relate to – being broke. I keep hearing how we need to be saving for retirement, the kids' college educations, emergencies, a new car, a nice vacation, etc. etc. and at the same time we're supposed to be paying all of our bills on time, paying down the mortgage early and studiously avoiding the use of credit cards.
Let me be the first to say that's a nice pipe dream you have there.
If you're like us, or like most people, you're probably screwed if you lose your job and can't find a new one right away. In our family, my husband is the "bread winner" and I'm the housewife. I do freelance writing on the side, but it brings in just enough to cover the car payment and the preschool payment. If I'm lucky, I can also cover the gas payment. My husband worries about everything else. When emergencies come up like his car breaking down and needing brakes to the tune of $700, we have to use credit cards. Right now, we also have 2 hospital bills hanging over our heads because our insurance charges a $1,000 co-pay for each admission. Add to that the fact that everything else is increasing in cost at the same time, but my husband's salary is staying the same and you can see where this is going.
We've taken steps to lower our living expenses. We don't have a landline and if we weren't in a contract I'd suggest getting rid of the TV too. I use clotheslines (multiple there) instead of the dryer and my husband and I hardly ever buy new clothes. I know there are a lot of places we can improve - for instance we go a little overboard at Christmas buying gifts for way too many people (23 last year in addition to our kids and each other... no joke!) and my husband has a habit of racking up debt at Home Depot for things like fencing materials and whatnot.
To help even more with our quest to be more frugal, we've gotten chickens. While they cost a lot in feed and materials, I got the coop for free which we then fixed up and we're hoping the free eggs and savings in pesticides to take care of the bugs in the yard makes up for it. They're also a lot of fun, and it's stretching the entertainment budget. ;-)
I'm also venturing into the world of cloth diapering. I got some second-hand diapers and I'll be giving it a go as soon as this box of Huggies is used up. My son is almost too big for them, so I want to use them while I still can. No sense in taking a loss selling them on the yard sale site while racking up the water bill washing cloth diapers if I don't have to.
In the future, I'd like to start a worm composter like the one I saw on Pinterest to get the maximum yield out of the garden. I'd also like to look into expanding the chicken coop. We wound up with a rooster and that means we may get chicks in the spring. If that's the case, I'll have to sell them off since our town only allows 10 chickens and we're already up to 6.
I'm curious to know what other frugal measures people have taken up in an effort to save money. I tried couponing, but found that since I don't buy a lot of pre-packaged foods, the money saved barely offset the cost of the newspaper.