3 Things I’ve Cut From My Budget Lately

Have you ever seen those posts over on my friend J$’s blog where he suggests that you should “challenge everything“? That idea has really hit home for me lately as I continue to look for ways to close the gap between my online income from freelancing and my monthly budget needs.

You see, I want to quit my job in the very near future as I simply don’t enjoy it anymore. Everyday that passes I find myself caring less and less about my full-time job and more and more about my online business instead. I like my online business because I get to do what I want to do when I want to do it.

I’ve thought a lot about the ramifications of quitting my job to work for myself full-time and I can’t wait to make it a reality. So I’ve been working hard, putting in extra hours, and trying to “challenge everything” in my budget. Here are 3Β things that didn’t make the cut this last round of examination.

My TV Subscription

Just last week I cut the cord on my TV subscription. It was costing me between $48 and $65/month (depending on how often I called and obtained a discount on my bill) and while that’s not astronomical, every little bit helps. Now I can put that money toward better things, like debt payments or building my emergency fund, so I can quit my job that much sooner. Plus, I don’t really have time to watch TV anyway.

My Gym Membership

For a long time I was a gym membership holdout. Most personal finance blogs recommend the gym membership as one of the first things to cut from your budget so you can reallocate that money toward getting out of debt, but I was a hold out for a long time. (Good thing this isn’t a typical frugality blog then, huh?) I LOVED going to my gym 3 times/week to work out my frustrations and shut my brain off for a while. That 45 minutes was about the only time my brain wasn’t working out a problem or thinking of new business ideas.

I finally had to cut my gym membership, not because I stopped enjoying going but because I didn’t have time to go – literally.

I absolutely hate the “I don’t have time” excuse, but unlike most who use that one, I finally reached that point for real. I do hope to add this back into my budget in the future. But for now I’m putting that money toward debt and savings too.

My Entertainment and Eating Out Spending

Remember when I told you I’m not going to give up going out to eat? Well it still holds true. I still like eating out with friends and family.

It’s basically my main form of “entertainment” and while I’m not cutting it out completely, I did decide to really get serious about keeping it reasonable again. Luckily, or unluckily depending on how you look at it, my bestie S is moving away this week. While I’ll miss her like crazy, it will inevitably be good for my budget and it came just in time for me to crack down so I can quit my job soon.

There you have it folks, the 3 things I’ve cut from my budget lately.

Have you made any budget cuts lately? What are doing with that money instead of spending it? I won’t tell if you use it for shoes savings instead. πŸ˜‰

Let the awesome come to you. Give me your email and I’ll give you all my new posts -- win, win!


About Kayla

Kayla is a mid-20s single girl living in the Midwest, USA. She is focused on paying off her consumer and student loans, while simplifying her life and closet. You can join her on her journey at ShoeaholicNoMore or follow her on Twitter.

Comments

  1. “Challenge everything” has always been my mantra! Should have seen how much my teachers loved me… NOT! However, it’s an important way to ensure you’re living a life that’s meaningful to you.

    I’m about to challenge an expense I said I’d never cut but while things are tight, I’m not sure I really have a choice. If I’m to continue to work toward the life and work that satisfies me, it probably has to go. I *really* love watching someone else mow my lawns… πŸ™

    Hopefully it’s just for the short term.

    • Oh no! While I cut my own grass, I don’t clean my own house. I would HATE to have to cut that one from my budget. I hope you can find a way to work it back in soon. Maybe you can find a side hustle or take on a little more work to afford having someone else mow your lawn.

  2. Hopefully you re-prioritize soon on the gym membership so that you have time to go. Putting time into exercise and good healthy habits is an investment that will pay off down the road. Time you don’t take now might take away from time you plan on having later.

    • I know, exercise and health are important for sure. I’m hoping to make more time for it by quitting my FT job in the near future.

  3. We are thinking about cutting back on travel. Not that we did it a lot, but as we are getting older, it just isn’t fun anymore. The cramped airlines that charge $30-50 for almost anything extra, security lines at the airport, airlines changing your seats and then charge you to change them back, restrictions on luggage – both carry on and checked – it just isn’t worth it anymore. So after this last trip to Alaska, we probably will only go to places we can drive to.

    • Honestly, I haven’t done much travel, so that’s something I’d like to change once I’m able to afford it (after paying off debt).

  4. We cut our TV subscription and are getting ready to change our phone carriers. We have also drastically cut eating out, that comes more for health reasons then money, but the savings is needed too! For now the savings is going into savings for my maternity leave and medical bills that will be incurred. Afterward it will be going toward baby.

    • That’s a great way to re-allocate your savings Rachel! My phone bill is the next thing I need to try and cut down on.

  5. It’s always good to review things and cut expenses, especially things that you aren’t really using. You save the money and then if you find out you really are missing them, you can always re-subscribe to things like TV and the gym. I got lucky that my local gym basically liked me into the student pricing since I was member for so long, and I’m still able to take advantage of the gym around 4 times a week.

    • Yes, I’m not using them now but if that changes in the future I can always resume using them and paying for them. Even if I have to pay a re-connect fee for TV down the road (if I ever re-subscribe), I’ll still have saved money by discontinuing services now while I’m not really using it enough to justify the cost.

  6. I guess I haven’t cut anything from my budget recently, but I have been trying to reign in my grocery spending. I love to throw in random extras like good cheese or any random thing from Trader Joe’s and it’s been getting out of hand. I did cut the tv subscription a long time ago and I haven’t really missed it.

    • Sometimes just being more conscious of your spending, like you are doing at the grocery store, can help you stay within your budget better. πŸ™‚

  7. I’m holding out on my gym membership. I go 5x per week so I feel like it is worth the money. I buy a 1 year membership on Black Friday when they go on sale πŸ™‚

  8. If it were up to me, I would cut out the cable and just use Netflix/Hulu. But since I live with others, they simply aren’t on board with that decision πŸ™

Trackbacks

  1. […] are numerous tactics to debt elimination. A few key elements of any good strategy includes a strict budget, minimize expenses and find extra cash flow. Know how to address unexpected costs when they pop up. […]

Speak Your Mind

*