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Wednesday, January 5, 2011

Simplifying New Year's Resolutions: Resolution #3: "Live Frugally"

My 3rd & final Resolution for 2011 is to "Live Frugally."  I already try to keep our family spending to a minimum, but I think I could really step it up a notch.  We are a single income family, as I am staying home to raise our 2 kiddos.  It does require some extra work to make 1 income work, but for us it's worth forgoing the extras we used to enjoy before kids & when I was in the workforce.  Bye-bye wine club!  Seriously though, I really feel like it wasn't too hard of a transition.  Saving money has actually become quite a fun hobby for me. We've already implemented a lot, which I'll share in another blog post.  What I would like to see in 2011 is to unearth things I haven't done yet to stretch our dollar even further.  I'm a huge fan of Dave Ramsey - as he would say "Live like no one else so you can live like no one else."  I know I can be smarter about coupons without the effort taking over my life.  I want to ask myself even more - "Is this a need or a want?" Do I really need that Starbucks coffee today, or could I make do with brewing some coffee at home & for a treat adding a smidge of whipped cream?  I'm not talking about totally denying ourselves some little luxuries, but we're big Starbuck's fans & I want it to be more of a treat than a usual thing.  Our bank account would thank us for that!  I also know we could look into ways to cut down our electric, water & other utilities.  I am already a during-the-day-at-home-cloth-diaperer, but I know I would save even more if I can do cloth diapering at night & when out & about too.  Overnight diapers are expensive!  I just bought a box for our son today & could have saved $20! If you are interested in implementing a frugal lifestyle, it may take on an entirely different definition for you & your family.  Everyone is in a different situation.  I am excited to share my journey with you & to have a dialogue about how to save even more.

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