Necessities You Can Live Without

cute cell phone

One simple way to save money is to keep your fixed costs low. In order to do this, you must first asses each of your regular expenses and see what subjective value it has for you. There are many items and services that we view as necessities or the basics these days that didn’t even exist thirty years ago. What do you really need? What is it worth to you? My husband and I have done this exercise and have decided to keep two cars but none of the other items in the list made the cut.

Cell phone: People in the U.S. spend an average of $50 – $60 per month for cell phone service — that’s $600 – $720 per year. I recognize that with out a cell phone I could end up st


[Continue Reading at]

This entry was posted in Cars, Personal Finance, Saving Money. Bookmark the permalink.

9 Responses to Necessities You Can Live Without

  1. Pingback: links for 2007-09-09 | The Frugal Law Student

  2. John Jay says:

    A few helpful add-ons…

    Books (from the bookstore). You pay for the library’s books through your taxes, so use them already! Save book purchases for books that you’ll constantly use and that will save you in other areas (eg, good cheap/healthy cookbook).

    Restaurant food. Make it at home for much less; eat out only occasionally.

    Most extended warranties, service plans, etc. If you have a bit of cash in the emergency fund, buying these is a waste unless you’re really unsure of the product- and in that case you shouldn’t be buying it in the first place!

    Gym membership. If you’re not going to run or lift free weights when it’s convenient at home, you’re probably not going to go out of your way to do it at a gym.

  3. Dan M says:

    I agree with the idea on saving on books. I used to be an junkee until I learned to simple be patient and use the library. I also find books there I never would have thought of on my own.

    My gym membership though is cheap for me YMMV, and other people that go to the gym 5-6 days a week. I do not have the space at home nor the money to buy all of that specialized equipment. Plus while I am there I am focused on working out.

  4. Pingback: The 104th Carnival of Debt Reduction - Digging Out Edition

  5. Teresa says:

    Get rid of Netflix, etc. and if you have taken the advice in the article and don’t have cable/satellite TV, use your library for borrowing DVD too!

  6. Monica says:

    I already live without all of these, so I don’t consider them necessities. (In fact we have NO cars.) Any other ideas?

  7. Cindy M says:

    Wow, you’re the first person who feels the way I do about cell phones, the newspaper and cable TV. I don’t miss having any of them and am doing just fine. More power to you.

  8. Morfydd says:

    I don’t have a home phone – I’ve been cell-only for years now. That gets me call waiting and Caller ID automatically.

    I don’t feel compelled to answer it all the time, but find it useful. (It’s also my PDA, and sometimes web browser, etc.)

  9. Mark Pris says:

    Hello, your website is very informative and useful,
    I would like to share with you links, send all the questions
    on my e-mail.

Leave a Reply

Your email address will not be published. Required fields are marked *