Trimming the fat out of your budget is really a two-step process. The first step is the one most people can do with little noticeable sacrifice. Maybe you give up eating out as much, or going to the movies in Indianapolis, every week. It’s the little things that are perks, and most people find this step fairly easy to accomplish. If you want to make real change and start saving big money, it’s the second step that matters.
This is where you downsize your life, and not only live within your means, but way beneath them. That might mean trading down on a few things, like your house and car. You are probably shaking your head and thinking there is no way you could do this. Stop and think about it for a moment. Do you really need four bedrooms, now that the kids are out of the house? How much money could you save if you didn’t have that car payment on the newer model car? With all the used cars for sale in Indianapolis, trading down could get you a decent car and reduce or eliminate that payment altogether.
Selling your home or car may seem like drastic steps, but both of these big ticket items are usually the largest expenses a person has, each month. If you can cut them back or eliminate them, you have gone a long way toward changing your spending habits and being able to save some real money. If you don’t think you could part with your home, start with your car, first. Check out the used cars for sale in Indianapolis and find out how much you could get for the car you are driving. Then, evaluate how much money you will save without the payment. Once you make this first step, the rest are much easier, and you are on your way to financial freedom.
Living the Financially Frugal Life in Bloomington
It seems everyone you know is trying to figure out how to stretch their paycheck farther and save a little money. People have tightened their belts so much, you wonder if they will accidentally cut themselves in half! Fortunately, in Bloomington, there are a good number of ways people can lead more financially responsible lives, without resorting to extreme measures.
Clothing and household item can be easily purchased from second hand and thrift stores. Groceries can be purchased from discount grocery chain stores. In both cases, these minor adjustments to your spending habits can make significant differences in your cash flow. You can still get name brand and top quality goods, but pay just a fraction of the cost.
You can save on utilities, too, by making some adjustments. Obviously, you need to turn off lights and appliances in rooms that are not being used. Many electrical devices have indicator lights and clocks built into them. Sometimes, there can be several devices that have electrically powered clocks in a single room. Put all of these devices on a power strip and turn off the strip when the auxiliary devices, such as stereos and DVD players, are not in use. Turn the thermostat down a degree or two. Most people can tolerate indoor temps of 62, but it takes getting used to, so make the change gradually. Those few degrees can save you a bundle in heating costs.
Some Bloomington car dealerships offer affordable cars, both new and used. Many are available for less than $10,000. If you can find one you like and pay cash for it, you will save on the financing, as well. Check out the listings for Bloomington car dealerships to see if you can save some extra cash on your transportation expenses.