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Buying less to have more

Posted May 07 2008, 01:51 PM by Donna Freedman
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How to be a one-income family, pay off debts and still save for retirement? There's no magic formula for reader "Steph041401" -- just a bunch of coping strategies. Among them:

Drinking mostly water. Baking at home. Cutting out most processed foods. Shopping with cash only. Trading magazines with friends. Making single-serve snack packs with dollar store ingredients.

Coupons and rebates. Clothing from consignment stores and Freecycle. Exercising at home. Hanging out the wash. Using water from the dehumidifier to water plants. Five-minutes showers. Slow-cooker meals. Making her own birthday cards and gifts.

The best part about these ideas? Their usefulness is not limited to one-income families. Single folks, empty nesters, childfree couples, starving students and debt snowballers can implement some or all of these tips.

Read more on MSN Money:

The costs of having children

Be a bargain-shopping champ

The low-tech life is liberating (and cheap!)

 

Comments

 

Waste is HUGE in the U.S.A.. Food waste alone is deplorable, but unlike resturants, etc. that have liability, what do we do as families?

Sure, most folks may not like brussel sprouts, but now kids turn up their noses at everything. One of my nieces picks the cheese and other ingredients off her pizza, while another picks away the crust from pie, and a nephew refuses to eat mashed potatoes, and the neighbor girl freaked out about Chicken Alfredo.

And adults aren't the only one's who need to watch portions. Another niece consistently dishes up more than she can eat, so a lot of it ends up down the disposal.

Let's assume about 1/4 of food is wasted in these ways. Using the amount of $800/month for groceries, that means a loss of $200.00! You want savings? Start teaching your children how valuable food is, and stop coddling them so much.

Aside from one niece who consistently puts too much food on her plate, so at least 1/3 ends up down the d

My wife and I get movies from the library instead of renting... it's free and kinda fun to be surprised at what comes in for us to pick up (typically there is a waiting list for the movies).  Our library has a website where we can list the movies we want to see as well as track how far down the waiting list we are.

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