Where does all your spare money go? What are your biggest expenses?

United States
June 3, 2008 2:29pm CST
Where does all your extra money go? Would you consider yourself a very frugal person? Years ago, I would spend hundreds of dollars monthly on myself for cosmetics and shoes and clothes and other things I could have lived without. Once I went into a craft store and bought nearly $100 in craft supplies on a whim because I wanted to do crafting as a business. I don't do that kind of thing, anymore. Now, I'm much more frugal with my money. Every expense has to serve a purpose. I don't have cable, because I can watch TV and movies online. These are the same movies everyone else is watching on cable, so no complaints! I like to save my money for the important stuff like replacing the car if it breaks down or job loss. I've had both happen to me in the past year. I stick to the low cost stuff these days and spend any extra money on my kid. Right now, the biggest unnecessary expense is my cell phone bill, which is about $50 monthly. I could easily get rid of that. What's your biggest expense that you could live without? Where does all your extra money go? Do you feel you could do a better job of cutting expenses so you could put some money into savings?
7 people like this
25 responses
@Hatley (164485)
• Garden Grove, California
3 Jun 08
most of my money goes into buying food as I am on' a limited budget, my extra money goes to the doubleday'book club lol. oh i could probably do a better job of cutting costs but I really do do a pretty fair job working with what I have to use.
2 people like this
@ZephyrSun (7385)
• United States
4 Jun 08
My biggest expense can very from day to day, one day kid one, next day kid two, sometimes the dog, whatever, lol. The biggest expense I have currently is my 07 Jeep Liberty, what a hunk of junk. Luckily I decided since I never owned a Jeep to lease it and I get to give it back to them in about 7 months. If it wouldn't cost me so much money I would turn it in today. I could do without out it because we have another car.
1 person likes this
• United States
7 Jun 08
Oh, I wanted one of those Jeeps, too. Guess it's best I didn't get one. We're eyeball deep in debt as is.
@ZephyrSun (7385)
• United States
7 Jun 08
I have a 2007 that is alway in the shop. It has had so many issues, so I would never tell anyone to buy a Jeep. To put it best, they know me at the dealership and it is one of the largest ones in Northwest Ohio
@mummymo (23707)
4 Jun 08
Spare money? Is there such a thing? lol I guess my biggest expense that I could live without is , well I don't really spend money on things I can live without - maybe books for the kids as I guess they could always use the library but I think books are a wonderful thing for all of us - especially our children! xxxx
1 person likes this
• United States
7 Jun 08
Definitely! I spend all my extra cash on my little girl. She is totally worth ever single penny and I'd do that even if I had to do without food. I could just eat ten cent Ramen noodles and be happy.
1 person likes this
@mummymo (23707)
7 Jun 08
Yep that is what being a mother is all about! xx
@Thoroughrob (11750)
• United States
4 Jun 08
I could do without my cell phone and digital cable. That is what I could cut out.
1 person likes this
• United States
7 Jun 08
I hear ya! There are tons of free movies online and free tv shows. That's why I started my free movie blog, cause it was costing me a fortune to watch cable. I can live without the $60 month cable expense.
@ambkeb (782)
• United States
4 Jun 08
I would say that our biggest expensive is probably the car payment. We recently had to trade in our truck for a better vehicle. So that has set us back a bit...but it will get better...*sigh* LOL We also have a cable bill. But it is the smallest package. And the only reason we got it really was for the kids. On the local stations there is nothing but soap operas on all day and I dont really want my kids to sit around with those on the television. We have movies for them to watch, but they get burnt out on watching the same ones over and over. We dont have a cell phone through a company, so we dont have a monthly bill there. We have the prepaid cell phone...and that alone has saved us quite a bit of money. My husband is also a smoker..so he tends to spend a little money on that every week as well. But he is trying to quit so hopefully that wont be much longer.
1 person likes this
@intermy (153)
• China
4 Jun 08
I spend my money most in food and book.Because I am a student, and this year I will get my master degree. So far, I do not have enugh money to spend for other things. But I love buy and read books.
1 person likes this
• Australia
4 Jun 08
I have been quietly finding out where my money is all disappearing to in the last month, I am trying to not curb any of my spending and just do what I have been doing. I have found that I am spending over $20 on snacks and drinks for the children when we go out because they want something special also about $6 a week on a cappuchino for me while they munch. It is scary to think that this adds up to just over $100 a months and therefore over $1000 a year. I have decided that each time I make the effort to make a snack and take a drink for the children and myself (and coax them into thinking that my snack is better than the one I could buy them!) I will put that $26 away and use it to splash out on outtings for the children - to say the zoo or to the museum. We also seem to be spending $130 a week on petrol for the car which is really hard on the budget, but my husband uses the car to drive to work and back and that is where most of the petrol is going. I can't see with petrol prices being the way that they are that I can change this fact, which is a shame because I remember not so long ago only spending half of this and thinking it was a lot back then! I think I am doing a pretty good job with cutting expenses, but the coffee and snacks have to stop, how naughty I have been! I think I will cut down and not cut this straight out because it is a little luxury I think that we do need. I think though that there is a better way to find this luxury for the kids and I, not sure what it is yet though! (it has to cost less than $1000 a year though!).
@ynigz1 (472)
• China
4 Jun 08
My biggest expense is my rent for the house. I almost spen half of my salary for the house, I don't like live in a small house, or the house which far from my company. And I can't afford my own house now.
1 person likes this
@JLS_12 (41)
• Philippines
4 Jun 08
haha. I usually use my money to buy food. i love eating and enjoying worldy pleasures. So the next thing i spend money on is on night life, if you know what im saying.. the rest i use for other necessities like clothes and ps3 stuff etc. my principle in life is to satisfy your basic needs first before the higher needs.
1 person likes this
@agihcam (1915)
• Philippines
4 Jun 08
We have huge expenses for the credit card right now and for the gasoline.But those are needed anyway.hmmm something unnecessary is all about cell phone load wherein it expires since the usage will not be maximized.Good point now I know I have something to look for and control.Ah,also,perfumes,we have two kinds of perfumes,two for me and two for my wife.
1 person likes this
@bieke81 (1069)
• Belgium
4 Jun 08
All extra money will go to savings around here. We're saving for a farm house with a bit of land, so it has a goal. I hope we can achieve it someday.
1 person likes this
@bagumbayan (2707)
• Philippines
4 Jun 08
So far it is my house monthly amortization which is eating my salary. I have some loans to pay for some things I bought. I am not into comsmetics and other stuff. I like bags, shoes and some dresses. I have to pay for my health card, for accident insurance other than that paid for by my employer. I like to buy things that I need, at home and in the office. I like very much these small electronic things. I just bought an imitation Mp4 with would you believe, with camera, with dvd, with games, can record songs, with dictionary, can record movies and as my usb. I am now studying my new cell phone which I can use in mylotting also. I dont have much savings, I just paid for my insurance. My tax is eating much of my salary also.
1 person likes this
@thaMARKER (3094)
• Philippines
4 Jun 08
I guess I am thrifty enough in almost everything necessary except food. hehehe.. i buy food too much in a day. I eat more than three times. I'm not allowed to cook inside the building (apartment) so I buy food outside everyday and sometimes I'm tempted to buy others that I think it's delicious so most of the times, I'm over expense when it comes to my food budget. I don't go out much so no problem with clothes shopping and travel expenses. But when I do, I buy stuff really at the mall or somewhere. I'm really easily tempted with things I see that's cute or tempting enough for me to grab them home.
1 person likes this
• Philippines
4 Jun 08
I'll spending a thousand of pesos from my school. What I mean Is the expenses that I give in order to finish my course. This includes my Tuition fees, projects and fieldtrips.
1 person likes this
@sudalunts (5526)
• United States
4 Jun 08
I would love to have "EXTRA" money. After paying the rent and all the other bills, there is barely anything left. I do not grocery shop every week. When I can I go to Costco's to buy in bulk. I could do without cable, but my husband would probably have a fit, if we didn't have it, the cell phone could really go, I usually have it turned off. I do save change, I keep my canister hidden in a safe place. My husband would love to dive into it if he knew I had it. That's for my rainy day. :-)
1 person likes this
• Malaysia
3 Jun 08
Probably food. I spend almost all of my money on food. I love food, especially delicious food.
• United States
3 Jun 08
Most of our primary income goes toward rent and the second half goes toward miscellaneous and then whatever is left over goes to food. We have to make adjustments to afford food some months. Some months we live large and buy fast food. Other times, it's strictly home cookin'!
• Philippines
11 Jun 08
baby stuff. like milk and diapers haha!
@ceej310 (121)
• Philippines
9 Jun 08
honestly, i;m really getting into all of this so i could follow my boyfriend to the states. we're both down and out and he's there to get his money back from those who owe him. i moved in back with my mom so i could save up and get my there as soon as possible. hopefully i get to go in a few months. i'm trying to get myself into anything that i can to get as much extra cash for me to get out of here and be happy with him. i miss him terribly and we do want to get married, as soon as we can get the money to do so. i try not to spend on the "unnecessary" things. i hardly go out now and i save what i can. this is my main goal now, that's why i'm into this online money making pursuit. hopefully it pays off... if i can share my opinions, help who i can help, and get to my boyfriend asap, then my work is done.
• Hong Kong
9 Jun 08
Well, I wasn't really a frugal person and I still don't think I can be called one. I still buy stuff when I feel like it. However, I think I have been managing my money better. Every month I would put a certain amount of my money into a saving plan (for retirement or emergency stuff). For the rest, I would either use it on things I want to get or it stays in the bank till something comes up.
4 Jun 08
My spare money is spent on clothes and at Lush. Apart from that I rarely splash out on impulse purchases. I also like to save in case of unexpected emergencies.