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Fred Says: "Live Within Your Means"
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<blockquote data-quote="sjh" data-source="post: 1169828" data-attributes="member: 41657"><p>My husband and I live on one income with young kids. We have managed to save an emergency fund of several months should we ever lose our income. We don't have any debt. Fought to pay it off, and stayed away from it since. We rent, but we rent cheap (for our location...probably double what most "cheap" rent costs, haha). I menu plan every meal, and we save for every purchase. And when I say save, I mean SAVE. For example, $9 every month gets put into our savings account so we can pay our annual Costco membership without stressing; we do the same for our car insurance, etc. We drive an inexpensive, paid-off car and one complete beater. Eat out maybe twice a month as a family, and then groupon our dates. The only movies we ever go out to see are drive-ins with the kids a couple times a year. We don't have cable - just netflix. We budget our money at the beginning of the month, so I know exactly how much I'm allowed to spend in what category. If I spend too much, that's it. I did that with food last month. We had to get creative for a week and while the kids hated it, we survived, but my kids will eat oatmeal and don't complain. <img src="/community/styles/default/xenforo/smilies/wink.png" class="smilie" loading="lazy" alt=";)" title="Wink ;)" data-shortname=";)" /> </p><p></p><p>We've learned that we mostly had a spending problem, not an income one. Now that we've learned the art of budgeting, saving, and saying no, it's much easier to live within our means.</p></blockquote><p></p>
[QUOTE="sjh, post: 1169828, member: 41657"] My husband and I live on one income with young kids. We have managed to save an emergency fund of several months should we ever lose our income. We don't have any debt. Fought to pay it off, and stayed away from it since. We rent, but we rent cheap (for our location...probably double what most "cheap" rent costs, haha). I menu plan every meal, and we save for every purchase. And when I say save, I mean SAVE. For example, $9 every month gets put into our savings account so we can pay our annual Costco membership without stressing; we do the same for our car insurance, etc. We drive an inexpensive, paid-off car and one complete beater. Eat out maybe twice a month as a family, and then groupon our dates. The only movies we ever go out to see are drive-ins with the kids a couple times a year. We don't have cable - just netflix. We budget our money at the beginning of the month, so I know exactly how much I'm allowed to spend in what category. If I spend too much, that's it. I did that with food last month. We had to get creative for a week and while the kids hated it, we survived, but my kids will eat oatmeal and don't complain. ;) We've learned that we mostly had a spending problem, not an income one. Now that we've learned the art of budgeting, saving, and saying no, it's much easier to live within our means. [/QUOTE]
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