As 2013 begins, we all are continuing to look for ways to save money as we stand on the edge of the fiscal cliff. Although a deal is looming, as this is written, we do not know what all of the governmental changes will mean in our lives. There are many things we must have to survive like housing and food. We must all re-evaluate what we do to help ourselves live comfortably in 2013. Like many others, our income has dropped so re-evaluating how we live is top priority.
We already know that there is a major expense that need to be made in 2013. When one vehicle is paid off, we will be replacing the older one. We hope to keep the payment as close to or less than the payment as possible. Another major change in our financial future is the 6-fold increase in our medical deductible.
Here is what we are planning to do to adjust.
1. Create an expense spreadsheet to review income and expenses every month.
2. Review insurances and obtain quotes to look for ways to save. This should be done at least every year or two. We will always maintain Full Tort on the auto insurance and Replacement Value on the house and contents.
3. Plan more meals around what is in the pantry, fridge, and freezer. When shopping, base purchases upon the sale advertisements. Get rain checks, use coupons, and store loyalty cards.
4. Take more local day trips to low cost and free places when we want to go away for a day. We will also pack our lunch and take our own drinks. Charter Day to the state museum sites is scheduled for March 10th in Pennsylvania.
5. Use free resources whenever possible. Videos, books on CD, and books we want to read can be borrowed for FREE from the local libraries.
6. Increase garden plantings for more homegrown summer foods.
7. Reconsider purchasing items that may not be needed immediately. If something can wait, looking for it on sale would be helpful. Also doing research before making such a purchase.
8. Sell items no longer needed or used. Our local newspaper allows for free ads for items under $150. E-Bay is another consideration as a place to sell household and craft items which would bring in a larger clientele.
This list will indeed grow and change as the year progresses. All we can do is be proactive and watchful for the bottom line. Here's to a prosperous and healthy Happy New Year! Let's see if we can live a thrifty but wonderful life in 2013!
