The holiday shopping season is upon us, and here at Mad Money Monster we’re trying to figure out how to save MORE money this month. Craziness. We’ve been going over our expenses with a fine-tooth-comb and feel as if there isn’t much more fat to trim. Having one foot firmly planted in the Spend Less Camp and the other in the Earn More Camp, we are kind of at a stand still. We’re exposing our financial selves (hehe) to you (our readers 🙂 in hopes that Saint Nick soon will be here…Oops, wrong thought process! Let’s try it again…in hopes that you can help us with money saving tips and tricks. We also want to know: How Low Can You Go?
Making A List And Checking It Twice
We’ve been going over our expenses with a fine-tooth-comb and we are having difficulty finding more fat. That’s not to say it’s not there. We just need your help to sniff it out. The Mad Money Pups are too far removed from their canine selves to do any sniffing, unless it involves bacon at breakfast. Sad. Below is a peek at our monthly expenses. We mainly live on my income because Mr. MMM has a Variable and Unpredictable income. As a Scientist (by day) and Frugal Blogger (by night), this drives me I.N.S.A.N.E. And, it’s not a long drive, by the way. 😉 Our FIRE goals mostly hinge on using my income for monthly expenses and using Mr. MMM’s V&U income to pay down our debt.
Without further ado…feast your eyes on THIS:
|Deficit – Not covered with Rental Income||50.00|
|Water – Not covered with Rental Income||42.26|
|Sewer – Not covered with Rental Income||58.00|
|Trash – Not covered with Rental Income||30.00|
|Water – Primary||26.90|
|Visa (CC) – Paid in full each month||300.00|
|Student Loan – Paid extra $300 on top of $100 monthly bill||400.00|
|Internet – We cut the cord!||76.21|
|Gas – Two trips to visit family. Typically around $100||150.00|
|Groceries – Included Thanksgiving!||300.00|
|Clothing – Yep!||0.00|
|Funny Money – We need to live a little 🙂||50.00|
|Savings – Put all towards Student Loan Payment||300.00|
|Niece & Nephew Birthday – These things happen||40.00|
|Pet Food – Good stuff. MMM Cat has IBD 🙁||100.00|
How Low Can You Really Go?
As you can see, even though we don’t do a real budget, we are not spending exorbitant amounts of cash on silly stuff like eating out (my biggest downfall) or the 500-channel cable package. And, we’re still considering selling one of our vehicles to pay the other one off. However, since we have Mini Monster, we’re thinking we shouldn’t be a one-car family, for safety reasons. Please debate me on this. I’m all ears. Also, before you yell at us for our Visa, know that we pay it in full each month and only put value-added (very few) or necessary items on it. Some months it is zero. This was a bigger month.
The big question is: How Low Can You Really Go? At what point do you hit the frugal bottom and need to focus your energy on earning potential? How little is enough to cover basic monthly living expenses without selling a kidney or putting your kids on the Black Friday market (Joke. Very much a joke.)? We, too, pride ourselves on living a life of Frugal Luxury just like The Frugalwoods! I mean let’s face it, we only go around one time in this world. To us, living a miserly life without any satisfaction isn’t worth the price.
So, tell us Frugal Friends…How Low Can You Go?
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