cutting back?

  • Posted by a hidden member.
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    Dec 08, 2008 6:04 PM GMT
    With the economy in most places in a free fall, have you been cutting back, and if so, on what? icon_question.gif
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    Dec 08, 2008 6:09 PM GMT
    I've been cutting back for ten years.

    Right now, though, I'm looking at the best way to save $600 a year or so by combining phone services, internet access, etc. It's do-able, I just have to decide about that land line ...

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    Dec 08, 2008 6:16 PM GMT
    Not cutting back at all, actually increasing my spending, and we'll have a better Christmas than last. But we are immune from this economic disaster. Nevertheless, I will never forget that it was Republicans whose selfish & misguided policies created this melt-down.

    Yet they persist in saying they are the party of wealth & prosperity, the only ones who really understand the economy. If this is understanding, give me innocence.
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    Dec 08, 2008 6:23 PM GMT
    Yeah, cutting back.

    Particularly on dining out. Not getting a christmas tree this year (just lights, I'm afraid) and presents will be limited.

    Was thinking about buying a car but I'm holding off on that for a while now. Money better spent getting back IN to the share market ;)
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    Dec 08, 2008 6:29 PM GMT
    coming from a well off family ... i think its prudent that we cut back.

    all our investments and life work are down 40% and dividends half been cut.


    im thinking about renting out the farm house, collecting income and reinvesting it where i see fit. also not travelling at the end of this year for vacation. i think i can enjoy canada's winter in peace and quiet.

    also thinking about moving back closer to home. im hoping within the next 4 years things turn around in the stock market and I can take control of my own estate and investments instead of paying a ridiculous commission to a "financial advisor"
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    Dec 08, 2008 6:34 PM GMT
    I've dropped cable and switched to a prepaid cellular plan (tracfone)... ride the bike to the gym when i can but with the weather turning cold i find myself doing this less and less... i stopped prepaying my mortgage.

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    Dec 08, 2008 6:46 PM GMT
    I'm restructuring my student loan payments a bit and cutting one of my gym memberships. I've only been out of grad school a couple years now, so I still remember how to live pretty frugally.
  • GQjock

    Posts: 11649

    Dec 08, 2008 6:51 PM GMT
    I don't have to

    I'm a Capricorn we live by that term always icon_wink.gif
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    Dec 08, 2008 6:51 PM GMT
    my mom sister and i are just doin one gift each! and instead of my regular starbucks in the am, i bought a coffee maker for home. since im only a student for now theres not a lot i can cut back on that i dont already cut back on, lol, but my biggy will be cutting the hym membership in january...icon_cry.gif ill have to use the campus gym, but its being built brand new for january, and its supposed to rival most american university rec centers, so im pretty pumped for it icon_biggrin.gif

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    Dec 08, 2008 6:52 PM GMT
    I'm a grad student.

    If I cut back any further I'd be begging on the streets.
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    Dec 08, 2008 8:54 PM GMT
    besides a depressing drop in house worth, i have not been too affected, but still cutting back on everything, except perhaps food and travel - but

    i am trying to do my best researching and spending only at gay owned / gay friendly establishments, business and boycotting everything else. until we at least see the government here get some balls and enact civil unions in california, i will keep as much money as possible out of the state and economy. i have already been doing it for months and am not missing anything.

    dropping out (to a degree) feels really nice..i have noticed doing more simple things with friends and have noticed everyone getting more social again..meeting for casual dinner parties, playing games, watching movies, etc....
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    Dec 08, 2008 8:56 PM GMT
    I've stopped leisure spending (Starbucks, movies, magazines, music, comic books, etc) and have been bargain shopping more on food, toiletries, and other necessities. I've also stopped eating out as much. It's become a weekly thing instead of a 3-4 times a week thing.
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    Dec 08, 2008 9:10 PM GMT
    Big time....

    I cleared out all the stuff I had in storage and gave it to charity...that saved me a hundred bucks a month in storage shed rent....

    When my lease is up @ the end of the year, I'm staying in the same building but moving into a smaller apartment (almost HALF the rent I'm currently paying).

    Cutting back on having wireless AND cable internet....going strictly to wireless...

    I walk everywhere instead of hopping in the Jeep....or ride my bikes.

    Cutting back on going out to eat and I've stopped picking up the tab when I do things with friends....now its all strictly dutch.

    Suddenly, I have less friends.icon_eek.gif
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    Dec 08, 2008 9:19 PM GMT
    GQjock saidI don't have to

    I'm a Capricorn we live by that term always icon_wink.gif


    I am a Capricorn as well. I have never lived beyond my means. I even pay off my credit card weekly if I can so my debt never gets away from me. I come from a long line of financially astute Methodists and Presbyterians. icon_biggrin.gif

    Mind you the recent stock market meltdown has given me a new way of disciplining myself if I feel I am slacking off in the work out department. As punishment I force myself to look at my retirement fund and that gives me incentive to get back on the treadmill. icon_eek.gif
  • cowboyathlete

    Posts: 1346

    Dec 08, 2008 9:23 PM GMT
    I keep my rolling wreck in good shape (96 Chevy Cavalier) to avoid having a car payment I cannot afford.
  • DiverScience

    Posts: 1426

    Dec 08, 2008 9:37 PM GMT
    Ghen saidI'm a grad student.

    If I cut back any further I'd be begging on the streets.


    This. Not much left to cut back.
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    Dec 08, 2008 9:57 PM GMT
    smalltownboy saidBig time....

    Cutting back on having wireless AND cable internet....going strictly to wireless...


    ... ooo good idea.
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    Dec 08, 2008 10:11 PM GMT
    not particularly, I still have the perks I want... still our dollar tumbling has been a pain in the arse.
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    Dec 09, 2008 12:36 AM GMT
    Cancel cable. Get a netflicks subscription for free tv and movies with their RAKU box. Order internet from ATT,30 bucks. Take exercise classes at community college rather than gym membership.
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    Dec 09, 2008 1:18 AM GMT
    I've been watching my grocery store spending very carefully and have been amazed at the amount saved every month. Was spending about $350 a month, now less than $200 a month.
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    Dec 09, 2008 3:15 AM GMT
    I'll probably have to give up heroin.

    Sigh.
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    Dec 09, 2008 3:25 AM GMT
    will start paying attention to grocery costs, haven't ever budgeted before, but channelling all extra $ into buying equities to offset recent losses in portfolio, telecom is the only industry I havent been hammered on... go figure.
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    Dec 09, 2008 3:32 AM GMT
    I have cut down on my shopping....a little. I just try to wait for the sales. But I am saving more than I was before.