Oh goodness. We got a sudden and unexpected offer for a nicer apartment on the other side of town. It’s cheaper, comes with a washer and dryer, storage, a playground, more space, easier to child proof and better neighborhood.
We are going through and purging our house. Saving money like fanatics so we don’t exhaust our emergency savings. We are also purging our kitchen. Fridge, freezer, and pantry.
Basically we’re doing a no-spend, “how low can you go” challenge. With a high needs toddler and a 12 year old.
A lot of plans are being put on hold. This move is expected to free up $200 a month from our budget and be a stable place to stay until we are ready to purchase.
So how is this working? I started with a moving budget. Deposit, first months rent, pet deposit, childcare on moving day, gas, Uhaul expenses, food and booze for the after party (the people who helped us move), cleaning supplies, incidentals. $1,920.
I have 3 paychecks to set aside this money which is very intimidating. I’ve done worse though.
The second step was to go over out budget. We have a lot less wiggle room than we usually do thanks to two medical appointments in another state. But we made a plan, put a lot of stuff on hold, and seperated our whiteboard list into two categories: bare necessities, post-moving shopping.
So breakfast cereal? Post-move. Raw milk? Necessity.
Some of our necessities might be things we could live without. Like cheese. But we are trying to find financial balance after years of penny pinching and then budget burn out. So a few “moderate luxuries” are on there. Fresh fruit, cheese, Cure Tooth Decay by Ramiel Nagel, etc.
In trimming our budget for a short term we are also canceling our internet. It is usually cheaper to cancel for 30 days and then reapply as a “new customer” and get the promotions. Installation fees have always been waived. We usually do this whenever our promotional pricing runs out anyways. Not highly ethical but neither is our internet provider.
We have learned to be unconventional.
We have straight talk for our cellphones so we are also switching from the $55 cards to the $35 cards.
We are using up the personal care products we have, less to move. We will eat a lot of brown rice, split peas and homemade bread as I wipe out our pantry. Soups galore. I estimate at least a $200 savings there.
No new clothes. My jeans and hubby’s sneakers will wait. Saving $60. We are doing laundry at a friends house and saving some for the new place – that’s saving $100 right there. No going out, renting movies, childcare limited to necessities. $100. I pick up lunch to go at work on really crazy days, but I will suck up my pride and bring peanut butter sandwiches in my purse. $50.
Those medical appointments? Day trip. Packing food and snacks to go. No drinks but water and black coffee in a thermos. My husband will bring kool-aid because I have some stashed in the cupboard. No shopping. No side adventures. Gas for one will be $125. The other will be $75. But we are saving about $200 with our food and drink choices.
Minor car repairs (like an interior lightbulb) will wait. $45.
We’re gonna get this done. It’s just six weeks. I might even have extra money for a “new” couch from the thrift store if we do this well.
How so you save cash in a short term? Any secret tricks?