Sunday, 1 July 2018

Uber Frugal Month

Ever heard of the Frugalwoods?
I have. 
I read a newspaper article on them a few months back and remember feeling awe at the fact they'd managed to retire in their early-mid thirties but I never paid much attention to how they managed it for living an extremely frugal life sounds impossible most of the time and kinda miserable.

However, working long hours and constantly feeling like you're not getting anywhere is also kinda miserable... But we plod on and by the end of this year, we'll hopefully be able to say that we finally bought our first home and we finally got married after almost 15 years together!

That'll feel amazing but all I can think about is how hard things are going to be between now and December 31st.

Buying a house is going to clean us out. 
It's going to take every penny we have saved (and then some) to make this happen and once we've moved the financial strain won't immediately ease for we'll be paying both our mortgage and bills on our first home as well as rent and utilities on our current rental property - for our lease doesn't end until the end of November.

The house related strain will ease once the tenancy ends (on November 30th!) but then it's December. We get married in December. We have Christmas in December...
Things are going to still be tight.

Come January, we'll be able to breathe easier but there are many months between now and January! 

Outwith the house buying and wedding 'biggies' we have all the little things to factor in like summer holidays, new school uniform, car MOTs, my birthday, the professor's birthday, the father-in-law's birthday, my mum's birthday... I could go on and it's enough to give me hives.

This has prompted me to take a good long - critical - look at how we live and how we spend our money and I'm not even a little bit surprised to say we fritter away a small fortune on a monthly basis on stuff we don't need, on food we waste and on services we don't use.

That needs to change.

The crucial thing that will get us through the next 6-7 months is cutting out unnecessary expenditure and doing it now. Right now, before we move house and have to drain our bank accounts to nothing. 
The more money we can put aside to buffer us through the lean months - before they bite for real - the better off we'll be later.
But it's important to us that we do this in a way that still allows us to live
You've got to live. 
You've got to make memories and be happy otherwise everything is for nothing.
So, we need a plan. 
We need ideas. 
Therefore, I signed up to take part in the Frugalwoods Uber Frugal Month Challenge running throughout July. It's just a daily email with steps and suggestions to live more frugally. 
I'm not pledging to follow every step but I'm looking for ideas and inspiration that could be adapted to benefit myself and my family above and beyond little things that I'd already decided to do (like cut out the food waste!).  

I don't know if cutting costs and living frugally will work for us but we're going to try.

I'm also going to pray to the house moving Gods for a nice balance in when our handover date is! 
The closer to our lease end (aka November) the better for us ultimately.
If we move in September, I'll call it a win. 
If we move in October, I'll do the happy dance.
If it's August, I'll actually break out in hives... And hyperventilate. And possibly cry. But I'll still be happy for I'll be in my own house!

Wish me luck?!
Any money saving tips to share?

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