Tag Archives: reducing expenses

Clipped Coupons With Scissors 3

Don’t Throw Away FREE Money!

You do not have to be a “pro” or an extreme couponer to save money on your purchases.  Using a coupon is as simple as handing it to the cashier at the time you check out.  With many people feeling financially strapped due to the rising cost of food, gas, and, well, everything these days, coupons can help you keep a few extra bucks in your wallet.  Here are some coupon basics to help you save some green. Continue reading

9. Junk mail

How Price Matching Can Benefit You

The Effects of Competition on Price

Imagine it’s the summer, and you’re sitting cozily in your lawn chair on the side of Main Street in your hometown, watching the Fourth of July parade.  You are with your family, the sky is blue and the sun is hot, assembling all the necessary ingredients for a perfect holiday.   Although thoroughly amused at the colorful floats passing by and marching bands playing patriotic tunes, you begin to get thirsty.  For whatever reason, there are no stores nearby and you have forgotten to bring any water.

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photo by: StarsApart

Becoming A One Car Family

Let me start by telling you a story.

For many years we were a two car family and we were good about paying off the cars fast, so we never really had car payments for long.  In 2010, we unfortunately had to get rid of one of our cars, which left us the need to purchase another one.  We hadn’t planned for this, which meant taking out a car loan and having a car payment.  It was a painful moment especially after going 10 years without one car payment.  Then our other car, the car that had been through everything with us from the beginning and everywhere with all our moves decided she had enough and couldn’t keep up with us anymore.  We already had one car payment, we weren’t going to take on another one, we mutually refused!  This is what brought on us becoming a one car family.  Fast forward–currently we are into our second year of officially being a one car family.  Is it always easy?  No.  Is it doable?  Absolutely!

There is one main reason I believe has allowed us to be successful with this:  We have a huge, compelling and strong enough “why” for making this work.  It is simple, we both (husband and I) don’t like car payments—we don’t think it should be a norm and we want to pay our next car cash.  We also know this is only temporary situation that will help us reach our goal.

The Benefits Of Being A One Car Family

These are some benefits we have experienced firsthand:

  • We have become better planners–being a one car family definitely forces you to do this.
  • There is a big need to communicate, so this has bettered our relationship and brought us closer especially in terms of both being on board with our financial goals—plus there are definitely more discussions on money.
  • We save on insurance.
  • We save on gas.
  • We save in general, having only one car makes it harder to get to places (this is a good thing– you aren’t tempted as much to eat out, etc.).  Just having to plan out everything helps us save money.
  • We get more exercise (or should I say the person that doesn’t have the car gets more exercise)!

Does it have its challenges?  Absolutely!!

The Challenges Of Being A One Car Family

The following are the challenges we have encountered:

  • Since planning is a must, last minute occurrences may not work out if a car is necessary.
  • We are very independent, so sometimes having to ask for favors is not something we like to do.
  • In all honesty it can be a pain!

Being a one car family is not for everyone, so please consider it carefully.  For those who can do it great!  For those who cannot don’t stress about it, there are definitely other ways you can save money!