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20 Tips for Frugal Living

For the Mommas

You can use the difference in income to pay off debt, save or invest. Eat out less. One of the biggest expenses you probably incur is eating out. The average person spends over $2,000 a year on eating out. And as an added bonus, leftovers make a great lunch the next day.

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Meet Amanda & Daniel. They Paid Off $68,000 in Debt in 8 Months.

Family Balance Sheet

Amanda got really upset once, because there wasn’t ten dollars to go out to lunch with a friend. Daniel was working a lot of hours while we paid off our debt. Was there something that you gave up that you will go back to now that you are debt free? It’s feels nice to spend money on a date night out.

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5 Ways to Reduce Your Debt

Prairie Eco-Thrifter

Look at cutting back on little luxuries such as eating out at lunch each day or in the evenings. Instead pack a lunch and cook some simple meals at home for dinner. Also cut out any unnecessary expenditure, such as subscriptions and memberships that may no longer be of much use to you.

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How We Paid off Six Figures of Debt

Family Balance Sheet

In fact, there would be entire weekends that we ate at a restaurant for every single meal–breakfasts, lunch, and dinner…AND ice cream cones for dessert! But once we started our Debt Freedom Plan, we cut restaurants back to once a week. We stopped paying for our gym membership. . How do you eat an elephant?

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How to Start a Budget (and be successful at it!)

Family Balance Sheet

I came up with strategies to help us pay for yearly bills, large expenses, and we were able to pay off debts. – Food: groceries, meals out, school lunches. If you’re spending too much at restaurants, read: 15 Smart Tips to Save Money When Eating Out .

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