The Forum > General Discussion > Your Penny Pinching ideas-
Your Penny Pinching ideas-
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I've implemented a few strategies quite recently.
The first is homemade yoghurt. I used to have a $20 a week yoghurt habit, but now that I make my own it costs me a bottle of milk, a tin of evaporated milk powder now and again and that's about it. The bonus is that I control exactly what goes into my yoghurt, too.
The second is paying myself for exercise. I have cut discretionary spending from my budget altogether - what I used to spend goes into savings. From there, I pay myself 50c for every kilometre I run and 20c for every kilometre on the bike. There are a few benefits here:
1) A chocolate bar costs me about 4km by foot, or 10km by bike. If I spend that money, it's gone and it's back to the road before I can spend it again. I have to really want that chocolate!
2) There's an incentive to exercise which, apart from equipment costs, gives hours of free entertainment.
3) When I REALLY want something, I have to work doubly hard for it. I earn my fun money twice - once at work and once on the road. There's generally a bit of a delay between the desire and the acquisition, which gives me more time to back out.
4) It's good for me!
It probably won't work for everyone, but it works for me ... so far.