Thursday, October 11, 2007
$22,500 Reduction in Expenses
We’ve chosen to save $144 per year by changing banks from Comerica to Michigan 1st.
We chose to save $2600 by cleaning our home ourselves.
We’ve chosen to save $2304 this year by putting together our own gym. Our $700 investment will be paid for within 3.5 months.
Husband decided to save $840 by purchasing clippers - (oops, he didn't use a mirror though- better luck next time) .
I found an Arabic market near my home that sells their produce for 60% less than chain grocery stores. This saves us about $2400 per year.
We’ve refinanced one of our homes! This saved us $12,000 per year in payments!
I've been doing my manicures and pedicures at home, this saves us $45 per month or $540 per year.
A cut and color costs $180 per visit. By performing these services at home we’ll save $1080 per year.
We’ve knocked off a minimum of $577 on the Direct Merchants credit card, at 29.9% interest, by agreeing to a six month payoff period, paying 1578 or the 2155 owed, eliminating additional interest payments and finance fees. Yup, it comes up on the credit report, however, I'll write the credit bureaus letting them know it was due to loss of business.
These items alone are saving us $22,485 each year, and, there are several other actions we've put into play to reduce our spending which I won't be able to put a price on until they show up on our utility bill, at the gas pump, and other.