Expense
#4: Entertainment
| We all like to have fun and, even though you are climing out of debt you still need
to have some fun. However, you are in debt and as part of your recovery plan its a good idea to
sacrifice at least one major entertainment expense a month.
I know this is difficult, but it will make the other fun things you do that much more special. Really!.
So whatever it is you like to do regularly that costs money (movies, concerts, plays, out to eat,
sports, etc.) you need to reduce the frequency of that expense by at least once a
month. If you have a number of these entertainment expenses, then you probably need to take a hard look
at reducing even more. |
One idea
that has worked well for me is trading date nights with another
couple. If you have kids you know that babysitting can be one of the
biggest expenses in trying to get a night out. If you have friends
that have kids of a similar age, try trading a night of baby
sitting. One night you watch their kids, another night they watch
yours. This can be fun and save you some good money.
Other ideas
are to try going to a picnic instead of out to eat, renting a movie
instead of going to the movies (or at least don't blow 10 bucks on a
bucket of popcorn).
Depending on your entertaiment expense habit, this should save you $25 - $100 each month. Again this doesn't
sound like a ton of savings, but it will add up.
Go to Expense
#5: Gas
