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Setting a goal to cut spending $150/month

June 29th, 2007 at 04:36 pm

I posted on the boards yesterday that our escrow statement came and our monthly payment is being increased by $142.

I'm taking that as a new challenge. I want to analyze everything in our financial lives and figure out how we can make up that amount from other places. I'm rounding it off to $150/month that I want to save.

Ideas so far:
Get new auto insurance quotes.
Get new life insurance quotes.
More our brokerage account to ScotTrade (our current broker charges a quarterly account fee).
Work on trimming the grocery bill.
Bake more/buy less desserts.

In addition to saving money, increasing earnings is a tool too. I know we have a couple of small accounts scattered around that I could consolidate to our high-yield money market to boost interest earnings.

I'll update as I find savings in our budget.

2 Responses to “Setting a goal to cut spending $150/month”

  1. madhaus90 Says:


    Hi Disneysteve - this comment isnt really pertinent - but I wanted to contact you about $ saving strategies for Disneyworld - we're planning a trip from IL to FL in March or April 08 and I was interested in what you advise to save $.

    We are traveling by motor home (gas will probably cost us as much as airfare) and will be staying at the Wildnerness campground - what other things can you advise?

  2. scfr Says:

    Sounds like a great idea!

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