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April 29th, 2012, 02:14 PM
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sugarloafbaby sugarloafbaby is offline
Mega Super Mommy
Join Date: Oct 2009
Location: Ohio
Posts: 2,974
Your rent is a huge percentage of your income. I'm guessing this is because you have 4 kids and need the space - but have you looked at other options?

Other than that I see you could cut back on cable - you can get free shows on hulu or pay for a subscription like netflix for under $20 a month. Or get an antenna and just watch the local channels for free (when we still watched TV this is what we did - PBS always had plenty of shows for our daughter and we could get all the basic stations.)

As for eating out - you really can't afford to do it at all if you want to get any sort of traction in your financial life. Imagine, if you saved that $400 instead of spending it on eating out - you would have $4,800 in a year - $9,600 in 2 yrs!! That can be a nice chunk for a down payment on a house or buy you a nice used car in cash.

Put your goals somewhere you can see them everyday that will motivate you towards saving and prevent you from spending un-necessarily.
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