I have decided to live a year, 365 days, as cheaply as possible. This means as my Grandma Jo would say, “Make do, do over, do without.” I believe this is not as easy as it sounds. My immediate goal is to pay off all my bills and then save for a trip over seas. “You can’t do that in a year”, I hear you all saying, and that is probably true, but this is a good beginning.
So, tackling this goal I need to know 1) What drives me 2) What I want to accomplish & 3) What are my priorities?
What drives me is to live sensibly and below my income, NOT at or above my income. What I want to accomplish is to pay off all my bills and my trip aboard. The third is what are my priorities, which to me is, what do I feel are the necessities in my life/budget, where am I going to spend my money.
Here is the list I put together.
Groceries – Food, Water, Paper Products, Personal Products
Shelter – Mortgage or Rent
Utilities – Electricity, Gas, Trash, Phone
Clothing – Basic clothing, underwear, and replacement of clothing that is worn out
Health Care – Doctor, Medication, Supplements
Car – Gas, Oil, Major Repairs
I will address individually each necessity next week, at the end of “Week One”, as these are not as black and white as they sound.
What do you feel is a necessity for day to day living?