I need help!!

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HockeyTownMom's picture
Joined: 05/20/02
Posts: 417
I need help!!

So my dh and I just signed the purchase agree to build a new house. I need to start couponing, cutting corners, and thrifting.

Currently we have these debts: Truck, Car, Camper, Mortgage (no credit cards)

We'll be paying off the car and camper next month and we'll be renting out our current home. We have a property managing company and guaranteed rent until it's sold. The rent is approx. 100.00 less than our mortgage monthly.

So the new mortgage will be about the same as we're paying now with mortgage/car/camper. So it's not going to be too much different, but we'll have to pay for storage for our camper, an association fee, and probably a larger gas and electric bill. It's possible money will be tight and I need to learn how to live it.

I have no idea how to coupon! I'm going to start buying store brand items, buying a half cow rather than grocery store meats. Better quality for LESS than I'm paying now for crappy beef. Any other ideas on cutting corners?

TIA!

Three4MeNHim's picture
Joined: 06/13/02
Posts: 618

*lurker* (I really like this board, just wish there were more ideas for Canadians!)

Hi Kristina!!! Haven't seen you around in a long time. Glad everything is going well for you. Good luck with your house! I follow your blog so I can't wait to see some pictures.

HockeyTownMom's picture
Joined: 05/20/02
Posts: 417

Hey Sam!! I'm not on this site much since we're done having a babies. I can't believe how big your kids are getting! Hope you're doing well!

Joined: 12/01/05
Posts: 1000

There are a lot of suggestions for cutting costs on this board. I think the biggest thing I did to cut costs was to live within a budget. We pay for all of our non-recurring expenses with cash, and we take out a specific amount of cash each week. If we use it all, we're done buying for the week. If we have left over, we roll it into next week. Bigger budget items (new mattress, computer desk, etc.) come out of that fund, and we pay cash. The only exceptions we make are gas (which is a regularly occurring expense) and a modest amount for clothing and gifts (birthday, wedding, etc.).

The other thing we do to save money, which was more of an environmental decision for us, is to cut out paper products. We have a stockpile of cloth napkins, wash cloths and towels. We only use paper towels for frying bacon, and we never use paper napkins or plates. (I bought a stockpile of plastic plates at 2/$1 and cups at 4/$1 at Dollar Tree that we use for parties.) I also make my own cleaning solution (Murphy's oil soap, water and cinnamon oil). Also, I buy as much as I can second hand to save a ton of money.

Joined: 12/01/05
Posts: 1000

We also don't have cable. We do have basic Internet and basic Netflix to entertain the kids. I would not have a cell phone if I didn't need it because of my job and my 5 kids (one of whom has special needs).

HockeyTownMom's picture
Joined: 05/20/02
Posts: 417

We haven't had cable since 2008, so that's not an issue. We have Netflix streaming and basic Hulu. We need highspeed internet for when dh works at home which is often.

I wish we could cut the cells, but as an apprentice midwife, it's required.

And the only paper products we use are plates/napkins in the camper. I rarely buy rolls of papertowel.

XplatinumXpixeyX's picture
Joined: 06/28/05
Posts: 324

I know a bit about couponing.

First things first. Always get your Sunday papers. Clip all the coupons. Start shopping sale ads. There's always a sale going on somewhere for something that a coupon came out for.

Don't buy anything just because it has a coupon unless you know that Item may never go on sale or if you really really need it. Also If you don't need it right away, hold on to those coupons till you come across a sale. Sometimes buying only Store brands won't really save you in the long run. Especially when you get the hang of things and know you can get it allot cheaper with a sale and coupons.

Use couponing sites. a very popular one is www.hotcouponworld.com I learned allot from them when I first started out. They post Senarios of Sales/coupons and where you can get the best deals. Which also is a HUGE help when just starting out.

That's pretty much the basics if you have any questions don't hesitate to ask Wink GL and congrats with the new house.

SoCaliLover's picture
Joined: 12/07/06
Posts: 1591

I am right there with you! We JUST purchased our first home and should get the keys tomorrow. The monthly mortgage is about 300 less than our rent but with property taxes etc, we will be out more per month. Commute will be farther so more gas cost, plus, DH is planning on quitting his job in the next month to pursue other options (whole other discussion) SO I am left trying to figure out how to budget, where to cut corners. The hardest part for me are going to be lifestyle changes -- its one thing to set a budget but giving up things we have always done (for us eating out) is a hard habit to break!

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