How do you cut costs?

That's a big topic in the media today--but it was four years ago too when unemployment was 4.5%, and in the 1990s, and the 1980s during the last big recession. I asked it June 28, 2005, then answered my own question (I do that a lot). I don't. I reread it today, and don't see any changes. Everyone seems to "cut costs" in different ways. Here's my list of non-cuts, and at my age, I'll probably not change what is working (hmmm--could be a motto).

Economically, it makes absolutely no sense for me to leave the house every morning at 6 a.m. and drive to a coffee shop. If you don't do this, you could exclaim, "But that costs you nearly $600 a year, when making it at home is about five cents a cup." Very true. But I read 2 or 3 newspapers, and see 4 or 5 people I know, chat with various folk, so as a social informational event, it's pretty cheap. Compare that $600 to a golf hobby, and you can see it is really pretty cheap.

We eat out about once a week--it's called our Friday night date. When my husband started his own business in 1994, this is one thing we cut for awhile, until we could see how our finances would be, but reinstated it quickly. Sure, I can fix the same thing at home for about $3.00 that costs us $30.00 at the pub, but again, it isn't food, it is R&R and time to focus on each other. It is also a line in the sand dividing the work week from the week-end, and when your office is in your home, you definitely need to keep this ritual (he also dressed for work each day, including a tie). About $1500 a year just to eat one meal. Ridiculous!

I could save about $400 a year if I stopped coloring my hair. That will come, but for now, I prefer to fool Mother Nature and the clerks who ask for ID when I request a senior discount. Brown hair turning gray is not pretty like a brunette turning gray (but prettier than a blonde or red head going gray--just a tip).

We usually get a glass of the house wine (red for the cardiovascular system) with Friday night dinner. I suggested to my husband that we just drink a glass of wine at home afterwards--saving Oh, maybe $500 a year (cheap wine), but he didn't go for that. Frugal, but not romantic.

We really don't need two cars now that my husband is retired. I suggested we get rid of his Explorer and keep my van, but since both cars are paid for (and he really likes his better than mine but his hurts my back). That would be a one time boost to the income, of say $6,000 (resale is the pits even on nice, well kept autos) plus a savings of maybe $300 a year in insurance and $200 in maintenance.

Pets are expensive. Kitty litter, cat food, vet bills, etc. I've not looked at the figures recently, but I think it is something like $6,000 over the life time of a cat, and more for a dog. If your daughter or neighbor won't stop by and look after the sweetie-pie when you're gone, you've got to add in huge boarding bills. But I'm not even going to think about that savings. Pets are good for all sorts of health benefits.

So you see, I could be saving and investing this to leave to our Alma Mater, The University of Illinois, but they didn't graduate any dummies, so we're spending wildly while we've got the chance.

Actually, the U. of I. item has changed. I won't send them ANYTHING because of Bill Ayers.