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Things Need To Change This Year

We are twenty four days into 2012 and my New Year’s resolution is to pay off credit card debt. This process is going to take more than twenty four days but I feel like we are on the right track this time.

The first thing we did in 2012 to save money was stop eating out. We would eat out at least one to two times a week and over a month those trips out to restaurants added up and added up big. If I had to guess I would say we were spending $300-$400 a month eating out which was not helping us get out of debt. Even though we were eating out a ton we still needed to go food shopping on a weekly basis and spent another $100-$200 week so that is $400-$800 a month. So between grocery shopping and eating out we would spend anywhere between $700-$1,200 per month.

I am ok with the expense associated with having to go grocery shopping because my kids need something to eat but eating out isn’t going to help me pay off bills faster. With the money it costs to eat out just twice I could buy a week’s worth of groceries.

Most people eat out a couple of times a month and cutting that out is probably the easiest way to save money. We have a long way to go in order to be debt free and other than our food expense we have a few other things that we can cut out to save money but I went to the easiest thing first and eating out was it.

What do you do in order to save money in order to pay off credit card debt?

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