In light of the recent events in our lives, Hubby and I are trying to find ways to trim down our spending in the pursuit of becoming debt-free.
I read “Total Money Makeover” by Dave Ramsey a few months back and thought it was a novel idea. Unfortunately I just can’t stomach Dave Ramsey. There’s something about his voice, even the voice I “hear” when I read him, that is smarmy (a technical term). He sounds like a used car salesman or something. So needless to say, I just couldn’t get into his approach.
Then a good friend who is also trimming down her family’s expenses suggested Mary Hunt’s Everyday Cheapskate newsletter which is delivered to my Inbox every morning. Much of what she says is similar to Dave Ramsey, but for some reason rer words are much more “digestible” to me. I’ve ended up reading her book Debt Proof Living (DPL) and becoming a subscriber to her DPL website.
Hubby and I are currently working on our DPL plan, including creating a Rapid Debt Repayment Plan (RDRP) and funding our Contingency Fund and Freedom Account.
Towards that end, we’ve been looking for ways to pare down the spending in our household. Some of the things we’ve done so far are:
- cancel DishTV for a savings of about $60/month ($720 a year!)
- combine our mobile phone plans for a savings of over $100/month ($1200 a year!)
- begin creating a Price Book for groceries so I know which stores offer the best prices and which sales are true “savings” and which are just hoaxes to get me into the store
- begin creating a menu rotation to help in meal planning and grocery shopping
- begin organizing my favorite recipes to help in the aforementioned menu planning
- selling unessential household items (both to help pay down our debt, reduce our accumulation of stuff, and prepare for our move to a smaller home)
It’s going to be a long haul: we should be debt-free by December of 2023 (ACK!)! The good news is that it includes my student loans, auto loan, and unsecured debt for a total debt of over $209,000. My student loans, if paid off as agreed, weren’t supposed to be paid off for another 28 years (or when I’m 68 years old!)! That time doesn’t include paying off debts earlier by applying any cash windfalls we might get, which we will definitely be doing!
I am also working to trim down my figure. I’ve started using SparkPeople to track my caloric intake. It’s been about a month and I’m feeling a slow improvement in my weight (although I’m not weighing myself but going more by how I feel and how I look).
To help jumpstart the weight loss, I’m trying to walk for 45 minutes three times a week and using a handy (and FREE!) iPhone app (RunKeeper) and it’s free website to track my exercise.
Other (FREE!) websites I’m using to help me tone up are 100 Push Ups and their associated websites 200 Sit Ups and 200 Squats. To keep track of it all, I’m using another free website.
None of these changes are going to be quick fixes. But then again, neither the weight nor the debt went on fast so I guess I shouldn’t expect either to come off fast!



















