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Get Out of Debt

Things I am Doing to Get Out of Debt


I’ve talked plenty on this blog about the things I do (or have done) that might make me a bad PF blogger, but the truth is there are things I’ve given up to help me lower my spending, stick to my budget, and pay off debt. Today I want to highlight a few things I’ve done to cut my spending and make room for more debt payments in my budget.

Grocery Spending

I played around with how much to set aside in my budget each month for grocery spending when I first started budgeting in January 2014. I wasn’t sure exactly how much I would need to spend on food each month, but I knew I didn’t want it to be over the top. As I got better at budgeting, shopping sales, using coupons, and only buying what I need, I was able to get my grocery budget set at $120/month.

I do occasionally go over this amount by $5-10, but most of time I’m pretty much right on. Even with Thanksgiving last week, I was able to stick to my grocery budget for November with no problems!

To help me stick to my grocery budget, I avoid buying junk food and snacks, pop, and other unnecessary things. I try to keep my meals pretty cheap and healthy. I do have more expensive meals once in a while and sometimes I buy healthy foods that aren’t on sale. If I was even more of a stickler about grocery shopping, I could probably cut my grocery budget a little more, but I like having the option to splurge on food once in a while.

Entertainment

I have cut way back on my entertainment budget. My entertainment line item in my budget usually is $30 and that is for my eating out, going out with friends, and everything else. It doesn’t include my TV subscription or Netflix though.

Even though I still pay for TV and Netflix, I feel like I’m getting my money’s worth most of the time. I have negotiated my TV bill to bring it down to where it’s at (about $60/month) and I will continue to do so until my contract with them is up. At that time, I will most likely cancel my TV service since I don’t watch it as much as I watch Netflix anyhow.

Fashion

Spending on clothes, shoes, and accessories is my weakness. I love fashion and I like to look put-together whenever I leave the house. Even though I’ve spent way more on clothes this year than I was planning on spending, I know that it is still a vast improvement over the last couple of years.

I’m hoping to do even better by spending less in 2015 than in 2014. With that said, I know that fashion will always be one of my weaknesses when it comes to spending. At least knowing (and admitting) is half the battle.

What are some of the things you’ve given up to help pay off debt? What is one area you struggle with?

 

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Erin Thompson

Erin Thompson spent years managing her own blog about budgeting and debt. Because of that, she has great insights not only about managing spending and borrowing but also about running websites profitably. When she's not writing articles for us, she's traveling and looking for new types of wines to try.
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The content on Cashblog.com is for informational and educational purposes only. It is not financial advice and we are not certified financial advisors. Cashblog.com strives to keep its information accurate and up to date, but it may differ from actual numbers. We may have financial relationships with companies listed on our site. We may receive compensation for the placement of sponsored products or services. We work hard to write authentic and accurate articles.