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Wants <==> Needs: Follow Up

November 30th, 2007 at 08:48 am

My blog post about Wants Needs a couple of weeks ago really generated quite a response, and it has been interesting to receive all of your feedback on the steps that Jenn and I are taking to eliminate our home mortgage.

If you recall, we are considering eliminating/reducing our spending on:

* Cable TV
* Spending Money
* Babysitting Money
* Internet
* Entertainment Money
* Gasoline Money
* Christmas Money

Well, here is an update to our discussion.

* Cable/Internet I was spending $126/month on my stupid cable and internet bill. That is ridiculous!!! After forty minutes of phone conversation and talking to six representatives (yes I counted), I have been able to reduce to basic cable and basic internet for $34/month. That is a savings of $92/month! Annually, that is a savings of $1,104 and it will allow us to color in over 15 extra squares on the Sangl Family Home Pay-Off Spectacular PER YEAR!
* Gasoline Money We are starting to take our lunch to the crusade instead of going home. This allows us to save 12 miles of driving each day. This will save us around $36/month! Annually, that is a savings of $432 and it will allow us to color in nearly 6 extra squares on the Sangl Family Home Pay-Off Spectacular PER YEAR!
* Babysitting, Entertainment, Spending, and Christmas Money are all on the docket for this month's spending discussion. PRAY that this goes well!

As I have routinely said throughout my life - Thoughts and talk without action is mere babble!

We are taking ACTION to destroy this stupid mortgage!

I welcome any money saving tips you may have!

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4 Responses to “Wants Needs: Follow Up”

  1. Broken Arrow Says:

    Wow, congrats on the massive savings, especially with the cable/internet. I only had to talk to one rep, but then I was threatening to cancel so.... Big Grin But even then, I wonder if there isn't any way I can get it lower???

    Good luck with the rest!

  2. disneysteve Says:

    That's terrific. I can't believe when I hear people talk about how much they spend on cable. We've got limited basic for $11/month. They keep calling to try and get us to upgrade but we have no interest in doing so. I'm not paying any more than that to watch TV.

  3. Amber Says:

    Good for you. I was watching the Fox business network and the broke down the payments of some of those cable channels. ESPN was rated one of the top players with alomst $4 per subcriber; that is a ton of money

  4. monkeymama Says:

    On your last post of the topic I got the impression you were going to cut all the joy out of your life. LOL. Anyway, it sounds like you are finding good compromises (& much more to cut). I mentioned last time it is good to find balance and I didn't sense "balance" from that post. But it seems like you are doing okay. I thought you were just going to stop spending anything on all those categories. You were VERY gung ho - hehe.

    Well, keep at it! These look like sustainable cuts. IT will be interesting to see how many squares you can fill in when you are done cutting.

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