Thoughts on Thursday {Money Priorities}

I’m going to make a broad sweeping generalization here…..Americans have their priorities wrong. We don’t NEED TV,  we don’t NEED our cell phones, however we do NEED food and shelter (with all that includes, heat, electricity and such.) If we are spending every dime paying the cable company and delaying our payments to the gas company then we are doing it wrong.

Mac and I’s priorities are different than most peoples, basic bills first, then our cell phones and then travel (not just vacations but going to see my family too, it all costs money) and our hobbies, things that get us out of the house and moving. Do these things cost too much? Probably, do we stop doing them when the budget is tight? Definitely. But we have decided that we are going to eliminate some of our un needed bills in order to save more so we can continue to afford things that are priorities to us.

An obvious area of over spending was TV, to get the sports channels we ‘needed’ for hockey it was $99 a month…ahem that is $1200.00 a year for TV!! So we called DirecTv and told them we were going to cancel, they gave us a great discount for the remainder of hockey season so we are going to hang on for 3 months and then…bye bye TV. We are going to purchase 2 things (Apple TV or something similer and NHL.com for the 2014-15 season) a this year that will equal 2 months worth of TV so all together for 2014 we are going to pay for 5 months of TV out of 12.

We have also taken a deep look at out budget and found that despite using cash for dining out we were still justifying to many extra times out equaling more than $1,000.00 over our budgeted amount….I can’t believe I just admitted that. I’m proud to say that we have stuck to our cash budget the last few months and its been great, better for our health and our wallets!

Where do you need to re-prioritize your spending?

One thought on “Thoughts on Thursday {Money Priorities}

  1. We actually have pretty good spending priorities these days. Basic utility bills always come first because those are the essentials. Then, it’s necessity for the family and the kids (i.e. food, clothes, tuition). We don’t use the credit card that much and so our spending is primarily based on how much usable cash we have. The one thing we could work on is spending less money on frivolous stuff like toys and cute things for the kids. We have a tendency to buy things for the kids if they want something but we’re working on teaching E how to spend money wisely by giving her a small amount of money to use to buy her own toys.

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