OK, being that this is a blog about living frugally, and in my opinion that also includes paying off debt, I am going to start giving you all an update on my money going out and what it is going to, and how I saved money.
Lets start off with my credit card debt. Between me and my lady we have three cards. This is the balance of them at the beginning of the month, and how much I paid or added to it.
MasterCard = $1800 – paid $200
Visa = $1350 – paid $800
Storecard = $1200 – spent $80
So I paid $1000, and spent $80. The visa is the one with the highest interest rate.
Now I know that a store card is not a very frugal way to shop so I will explain. This card allows me to purchase anything in the store with no payments or interest from 3 to 15 months. This card is for a furniture store, and we only buy stuff that we really think we need, and we research each purchase a lot. I bought my couches, a TV and two DVD players from there.
Some people might think these are not necessary, but trust me there is a good reason we got each item. Also, as I don’t have to pay them right away, I can put the money and things that are charging me interest right now. We have it all planned out to have it all paid off before any interest gets charged.
I also bought 2 new pairs of shoes, and two video games. I know, again, not very frugal but there is a reason again.
I budgeted $75 dollars for a new pair of basketball shoes as my current pair was almost 13 years old and I think I got my money out of them. I also wanted a pair of running shoes, but I thought I would get them later as I play basket ball more than I run. When I got to the store, there was a sale on the ones I wanted, but they did not have size 12.
So I asked if they had any of last years models, and they did have one pair of size twelves left! and they gave them to me for only $30! So I decided to look at running shoes, and found a pair I liked for $40. Then I noticed they were having a buy one, get one half price sale, so I paid $40 for the running shoe, and $15 for the basketball shoes. $55 in total and I got both pairs. Sweet and Frugal.
Now, the video games serve no purpose other than my entertainment, but I need to spend a little money on myself and one game per season is not too much to ask. Again, budget of $75 to buy one game. Saw the game I wanted, Halo Wars, on sale for $35. So I got that and then another game i wanted caught my eye, Red Alert 3, for only $10! So I got 2 games for $45. I know games aren’t very Frugal, but I got them in a frugal way 🙂
So I went out with a budget of $150 to get one pair of shoes and one game. I ended up coming home with 2 pairs of shoes and two games, plus I $50 left over. So not only did I save money, I also don’t have to spend money next month to get the other pair of shoes and my games will last longer.
Now I did not include that parts about me researching and checking out a ton of stores to find the things I wanted at the cheapest price, so it took me a little longer, but I feel it is always worth it.
So whats next? Paying off that visa in May, and having that mastercard paid off in June.