6 Tips for Dealing with an Economic Crises

Eliminate one item from your expenses~

Some of you may say “I can’t cut back in any other areas of my spending”. My reply to is “You must”. There are no if and or buts about it. There is at least one thin in your budget that is not a need but a want and it has to go in order for you to survive what we may possibly be in store for economically.

Reduce current expenses~

Look for ways to get what you need cheaper than what you are currently paying. Ask for deals, look for deals and invest time in creating deals for yourself.

Utilize coupons and free after rebate offers~

Rite-Aid offers free after rebate items just about every week. If you focus solely on buying free after rebate items that you can use this is just another way that you can stretch your budget dollars.

Cook from scratch~

I cannot emphasize this point enough. Cooking form scratch was one of the first things that I began doing to reduce our budget. Not has it allowed us to reduce our budget from $550 per month to $300 per month, we also feel so much more healthier and energized in our daily lives.

Make it yourself~

In addition to cooking form scratch you can begin by identifying one item that you could make at home, such as laundry detergent or dishwasher detergent. You could make clay for your children versus buying it.

DIY (Do-it-Yourself)

Before paying for repairs do some research to see if you could possibly make the repair yourself. There are many resources that can be accessed free at your library and on the internet.

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Comments

  1. Anonymous says

    It’s so true about the scratch cooking. Keep preching it!! People need to understand it is NOT hard to make your own meals. My kids know the mantra: “Homemade is almost always best, right Mom?”

    Brenda

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  2. Hadias says

    Canceling cable is certainly a way to create more family time and more money in your pocket.

    We have not had cable in a few months now. My husband and I compromise on cable. We set a financial goal each year. this year was to get the car paid off, which we did. This allowed him to get cable on for football season.

    We subscribe during football season and then cancel once it ends. He wants it year round, however, I could go the rest of my life without it.

    Our newest compromise for next year is that we must have our Emergency Fund fully funded before we turn cable on again. We’ll see how we do.

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  3. Melinda says

    Great post! I can’t say enough about cooking from scratch! This has made a huge difference in our food budget. Also, when looking for other ways to cut, ask yourself what is a need and what is a want. In desperate times, cable TV can be a luxury. We’ve gone without it many times when things got tight and actually had more quality time as a family.

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