For the first step in cutting my spending in 2013, I have cancelled my home delivery of the newspaper. I do read the newspaper and I sometimes benefit from the coupons but I think the benefit decreases more and more. The Sunday newspaper is really what I read and I am sure at times I will still pick up the Sunday newspaper.
Home deliver cost about $175 for the year and even if I pick up the paper once a month at the store, I would still save about $125 for the year. This is over my $50 minimum spending cut to qualify for the challenge. I don't know that I will pick up a copy of the paper at the store more than 3 or 4 times so this had really become wasteful spending on my part. I am not cutting something I need but something that I like but don't really make as much use of as I once did.
This would be an example of 2 kinds of debt potholes that are described in other posts. For one, this was an automatically renewing subscription that I was not intentional about reviewing and renewing each year. Secondly, this was something I used, but my usage was decreasing and again allowed me to automatically keep spending for something I was not using.
So, 1 down and 51 challenges to go.
Savings tally:
1) cancel Newspaper save $175 / year
Have you cut any spending yet this year? This small beginning does not cover the 2% loss in my paycheck from the tax changes, but it's a start.
No comments:
Post a Comment