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5 Things I Could Eliminate If I Had To

February 5, 2012 · 31 comments

in Personal Finance

I am a pretty frugal person.  I save where I can, and I don’t have expensive tastes.  So, when I read articles about how to cut your expenses, much of the information does not really apply to our family.  We don’t drink, we don’t smoke, we don’t gamble, we don’t drink expensive coffee,  and we shop only when necessary.  However, there are some things that could go if they had to, and my list is as follows:

  1. Newspaper subscription.  We subscribe to a local paper because it covers school sports that my kids participate in.  However, I could always print the articles off online if I had to.  (But the coupons that come with the paper pretty much cancel out the cost of the paper.)
  2. Magazine subscriptions.  Our stack of magazines that have not been read is getting pretty high.  I have not subscribed to any new magazines, but the old subscriptions need to run out.  I could call and cancel, but I do still like to read magazines when I don’t  have time to get involved in a book.
  3. Gym membership.  The main reason we have the gym membership is for the racquetball and basketball courts.  I have a problem using weight machines after other sweaty people, and I have some cardio machines at home.  We also use the pool in the summer time.
  4. Eating out.  I love to eat lunch out with friends as it is my main source of socializing.  If I had to, I could forgo these meals.  However, my family may kick me out of the house after the isolation drives me insane…
  5. Travel sports/sports camps.  We spend plenty of money each year on sports-related activities.  However, the cost of the sport itself along with gas and hotel costs really add up.  If we hit a financial crises, travel soccer would be the first thing to go.
There are some items that are definitely discretionary, but I would have a hard time giving up, such as:
  1. Cable TV.  It really isn’t a very expensive form of entertainment.
  2. Internet.  Can’t live without it…
  3. Vacation.  I love vacation, and my heart and soul need a break every once in awhile.  I would make taking a couple small trips a priority, even if it was just taking the family camping up north.
Do you have many expenses that you could get rid of if faced with salary reduction or job loss?  Is there something that is really discretionary that you just would not give up?  (Like vacation in my case.)
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