Time to pat yourself on the back----2005 A frugal year in review!
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  1. #1
    Registered User Shell's Avatar
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    Exclamation Time to pat yourself on the back----2005 A frugal year in review!

    Well, as 2005 almost comes to a close, I think this is a great time to pat ourselves on the back and review all the great frugal goals we reached.

    I am proud to say I was good at saving my money every payday to put into my emergency fund challenge! I ate in more and tried to use up my leftovers. I didn't owe any money on my credit cards.

    So, let's hear some positive frugal goals you met this year!

  2. #2
    Registered User bee9984's Avatar
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    We did alot this year since dh retired from the military this past March.

    In no paticular order we;


    (1) Changed the Mortgage payments from once a month to every 2 weeks.

    (2) Started paying our dd's a set amount of money at the beginning of each month so they have to budget their own money for their clothing,gifts,donations etc. Once their money is spent that is it no more from Mom or Dad till the next month.

    (3) We had a will drawn up

    (4) Started taking $250 every 2 weeks from dh paycheck Pretaxed and putting it into our retirement fund

    (5) Started using cash instead of debit/credit cards more often and all change goes into a change jar so the we can out to a restaurant every couple of months.

    (6) we make sure that all bills are paid on time so no more late fees for us. This has helped by following and sticking to a budget, at least for bills and groceries etc.....I still need to get better on a few things.

    (7) Cook most things from scratch and by mixing up and keeping on hand frugal mixes.

    (8) Did a home organizer binder which has helped out big time with keeping track of bills,budgets,school etc.

    That is all I can think of right now.

  3. #3
    Registered User thrifty gal's Avatar
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    This year we paid off a personal loan, and 2 major ccs. Also, all of the remodeling we did this year we did in cash.

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    Registered User favesis37's Avatar
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    we paid off 2 c.c's
    cut our christmas spending from around 2500-3000, to under 300

  5. #5
    Registered User Valerie in WA's Avatar
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    Now I have to preface this by saying that I was already considered frugal before I came here, but I wasn't doing all that I could (are we ever?). In just in the few months I've been here, I have (in no particular order):

    Hung the laundry for the first time AND made it a habit
    Began keeping closer track of spending (although I already did use Microsoft Money)
    Began a "freedom account" (for anticipated but irregular expenses such as medical and car repair)
    Began an 'emergency fund' (for unanticipated expenses such as my heat pump going belly up this month)
    Began saving for a LONG-overdue kitchen remodel
    Continued to pay down the credit card by leaps and bounds
    Watched the auto loan and mortgage balances each month
    Cooked even more from scratch
    Made a bulk food purchase
    Eaten out a lot less (that's such a hard one for me!)
    Learned to do new things: bake bread, make yogurt, and sprout sprouts.

  6. #6
    Registered User Scattymum's Avatar
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    well, I havnt been here that long but here is what I have done.

    1. reduced the grocery bill by being more organised and meal planning
    2. cooking from scratch most of the time
    3. Hanging alot of washing although its getting too cold now, hanging a few items in the house
    4.reduced utility bills
    5. started an EF
    6. Made alot of christmas pres and cards
    7. stopped getting takeouts, now its a treat once in a while instead of every week
    8. stopped buying unnessary things and using up what I have

  7. #7
    Registered User RuthNY's Avatar
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    I became independant and I became debt free in 2005. I also got this amazing new life

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    Registered User owiebrain's Avatar
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    1. Got more gas efficient vehicles.

    2. Quit eating out altogether, other than very rare special occasions.

    3. Drinks are now 90% water and tea, rather than having constant soda pop in the house. (We do make homemade hot cocoa mix for winter, though, to warm up.)

    4. Finally got hubby to sit down with me and work out a budget. He's getting there...slowly. LOL

    5. Continuing to build/furnish the new house with as many free/used supplies we can find.

    6. Put up much more of the garden produce for winter this year and raised all of our own meat or traded for it.

  9. #9
    Registered User cheapgeek's Avatar
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    Neat thread idea!

    This is my first year of "documented" frugality, so I think I did everything! I'd love to come back to this post next year and see if I've done anything more.

    1. It all started when I decided I was sick of lugging home laundry detergent, and found this site while looking for a recipe for HM.
    2. Taught myself how to make bread, and I do it regularly now. I also make a lot of HM things for SO's lunch, like cookies and trail mix that I put together myself.
    3. Started keeping a "vegetable scraps" container in the freezer for making stock - I haven't bought broth since.
    4. SO started taking lunch to work.
    5. Started using the stockpile method of grocery shopping.
    6. Made a price spreadsheet.
    7. Made a monthly spending spreadsheet.
    8. Opened a high-interest savings account; maintained enough money in my accounts to pay zero bank fees.
    9. Gave up my case-every-five-days Diet Pepsi habit.

    Lots of other little things; new recipes, HM gifts... those are the main points.

  10. #10
    Registered User alabamagirl's Avatar
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    Great thread and way to go Ruth on being debt-free!

    My biggest accomplishment for the year is paying cash for my DS to go to college out-of-town. So far, he hasn't had to take out any student loans and my goal is to continue to pay cash for his school until he graduates two years from now. This is only possible because we paid off our house in 12/04.

    On the down side - I have 1,700 owed on cc and MUST pay this off before I retire in three months.

  11. #11
    Registered User Mojjo's Avatar
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    This ought to make me feel better

    This year we:

    ~went from being 3 months behind on everything (including rent) to being current
    ~paid off 5 credit cards
    ~virtually eliminated "careless" spending (paying before thinking)
    ~learned/educated/started savings, deferred comp, christmas club and all that good stuff
    ~put ourselves on a budget for the first time
    ~reduced groceries by at least $150 - $200
    ~eliminated pizza and fast food solutions

    wow...I can't wait for the next year!!!!

  12. #12
    Registered User pammy's Avatar
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    Where to start? I came upon this just late September '05. In that time:

    ~Quit job I was miserable at, wasn't making money after expenses anyway
    ~Cut money spent on food to less than half
    ~Cook from scratch more
    ~Eat leftovers all the time now, never before
    ~Put a line outside to start line drying clothes
    ~Cleaned out shelves in laundry room as new pantry, started stockpiling
    ~Plugged in deep freeze, it's 2/3rds full
    ~Have made a price book
    ~I look forward to the day sale papers come out, I figure, I hunt, I plan, and I no longer absolutely loathe grocery shopping anymore. I challenge myself to get in there and get out in the least amount of time spending the least amount of money on the most food I can get.
    ~Started a freedom account for things that come up
    ~Started paying myself first for retirement
    ~Had, used, and replished my $1000 EF
    ~Bought used car with cash, have expensive car up for sale
    ~Spent less than $300 total for Christmas, most were hm
    ~Experiment, have tried hm hairspray and fabric softener so far
    ~Cut back on utilities, but can still work on those
    ~Consolidated student loans and got a locked in rate
    ~Discovered I can make a pretty darn good hm pizza, thus cut back severly on pizza delivery (a former love)
    ~Have goals, a budget and a plan, dh is on board with it all
    ~I know there is stilll so much more I need to learn and will always be learning

  13. #13
    Registered User frugalandsimple's Avatar
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    1. Maxed my Roth IRA contributions for the year for the 1st time!!!!

    2. Started a "home" fund when I decide to move out of my parents' house

    3. My Christmas spending budget is about $100.00.

  14. #14
    Registered User Mamaw's Avatar
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    Relatively new to this so I still have a TON to learn and work on. However this year I have:
    1. Become aware of my spending habits and recognized the need to change them
    2. Honestly examined my debt load and began to take steps to reduce/eliminate it
    3. Learned to make and use HM laundry soap
    4. Installed a clothes line and hang dry laundry in favorable weather
    5 Started to plan for and use ALL leftovers
    6. Started to freeze bits and pieces of leftovers for soup making
    7. Learned to make and freeze broths for soup and cooking
    8. Installed programable thermostat and programmed heat to lower temps
    9. Became aware of electricity cost and started to lower that bill
    10. Began to fund an EF, contributing to it monthly
    11. Paid mostly cash for Christmas gifts and working on reducing the amount being spent for holidays
    12. Started a price book to ensure I am paying lowest prices
    13. Began to stockpile more
    14. Limited driving and gasoline consumption
    15. Began to declutter and work on being more organized in home

    I still need to:
    1. Reduce eating out
    2. Continue to stay motivated to lower utility costs
    3. Continue to determine the difference between need and want
    4. Consider how to recycle or repair items instead of replacing them
    5 Cook more from scratch and limit prepared mixes being purchased
    6. Continue to work on decluttering and simplifying my home and life
    7. Research and begin to enjoy free entertainment. Start playing board games and cards with family again
    8. Continue to snowball debt. Every little bit helps
    9. Continue to contribute to EF
    10. Begin a freedom fund for anticipated irregular expenses
    11. Develop a better budget and get DH on board
    12. Work on my attitude about spending, saving and thankfullness
    Barb
    July 2014 Goals
    Grocery challenge 500.00/0
    Menu planning - 5/1
    Christmas 2014 50/0
    Swim with Dolphin Fund 100/00
    Bedroom carpet and redecorate fund 100/00

    Time Goals
    Exercise 3x per week - walk/bike/boflex/dvd/yoga class 15/1


    Health Goals
    Drink 32 ounce water or herbal tea daily 31 days/3
    Sleep - retire no later than 11 in bed as opposed to on chair

    UFO July - Hem Maddies dress/weed flower beds again

    Every little tiny bit helps to get rid of that debt

    Success is not determined by how smart we are, It is determined by the decisions we make

  15. #15
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    Great Thread!

    1) Reduced the budget even more to accomidate DH starting his own business and then a major injury, but we have been surviving just fine and I was still able to save money. Our EF dwindled quite a bit, but I was still able to contribute, every payday, to the savings account

    2) Decluttered the whole apartment over the course of the year. We sold and gave away a lot of things we no longer use or had room for. It feels and looks so much better! We now know what we have, what we need and what we don't want.

    3) Cut back more on laundry detergent and hung the laundry all year long in the basement.

    4) Made almost all meals at home. We went out to dinner a few times this year, but they were for special occasions and rare treats.

    5) I consolidated my cc balance with my car loan at my credit union. I got a very good interest rate and saved myself $100 each month in payments.

    6) I closed my high balance Visa Gold cc account for good.

    7) I paid cash for all Christmas items this year. Since I didn't have my cc then I couldn't use it, even if I had good intensions of not wanting to.

    8) We made 95% of our Christmas gifts this year and scaled way down in the gift department. I also, from Tina's (Strawberry) inspiration, finished all my "shopping" before December and haven't had to step into a single store during this month. Ahh!

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