Buying less to have more
Posted
May 07 2008, 01:51 PM
by
Donna Freedman
Rating:
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!)