After I came to the realization that my monthly bills took up 89.5% of my income, I went on a mission to lower my expenses anyway I could. Of course a big chunk of that is made up of my debt which I am currently working on. Unless I win the lottery, that will be a long and steady road. Until then I am trying to find other ways to decrease my monthly expenses.
I am proud to say that in 3 days I was able to knock $80 off my monthly expenses. Here is how:
- $10 on Vonage : I called Vonage and asked for the current promotion that offered the same plan I had but for $10 less.
- $20 on cell phone: Lowered my plan from $59.99 to $39.99.
- $50 on cable : Canceled my cable. All my fav shows are shown on my local channels (free) and also online (also free).
With that said, here is my October budget:
As I said before, I am putting a hold on the E-fund now that I have reached my initial goal. $3K if a pretty good safety net to back me up during the next year as I snowball my credit card debt. Once that gets eliminated, I will pick the emergency fund game up again and go after my next goal of $10K. This way I can apply more towards my debt. All other categories are based off last month's actuals.
Hopefully I can bring in some extra income. Cash Duck is due to come back mid-October. And I am working on some other promising avenues to extra moola. I'll give you guys the 411 on that tomorrow.
I am sleepy now.