The Holidays are coming up: 3 steps to save money during this time

We have set up a strategy with 3 simple steps to save money during the holidays

Mr Viking and I have had a tendency to head off to the most exotic location we can think of during the holidays. This tended to cost a lot of money, as you may understand and doesn’t rhyme well with our 7 year goal to Financial Independence.  This year we have worked out a strategy to avoid this period being the cost-peak of the year. The goal is to save as much money as every other month of the year. This way we will stay on point, and continue to work towards making the leprechaun happy, even if it is christmas 🙂

3 steps to save money during the holidays:

  1. Stay at home over the holidays (i.e. no travel abroad). No expensive resort or impossible flight connections that costs a fortune. Staying where you are with friends and family is in itself not a radical thing to do. But for us, it is going to be a massive saver right there.
  2. We have made a deal with our closest friends and family. They are not giving us any gifts for christmas this year, and vice versa. Everyone we spoke to about this was very happy. This means that they don’t have to go through the shopping frenzy of buying yet another kitchen-device that will never be used while receiving something similarly unnecessary same.  Saving money not having to buy (or receive!) unnecessary gifts never to be used seems reasonable.
  3. Planning. Last minute maniacs as we are, we normally stumble into the closest bar we can find when the clock approaches midnight. Christmas ham is being bought last minute at the local delicates store -read 10x more expensive than buying it in time  at the larger store 5 km away. This year, it will be all set. We have a meticulously planned list over where and what we are going to do. In all honesty, we will probably never go through this insane planning process again. However, it will work as a very good benchmark for us. We will know how much time and money can be spent when doing this. Which will hopefully incentivize us to do it at least half-way in the years to come.

What do you think?

 

How to save over 200 USD a month with 3 golden tips

How to save over 200 this month with these three tips

It is not always easy to cut down your costs  and save money when you have routines that you have had for years, perhaps since you were a child. However, these small routines are sometimes where you will find the easiest ways to cut down on your spending and save money. This month I have done 5 things that has cut down my costs significantly.

3 things I have done to cut down my costs and save money  over 200 dollar this month!

  1. I have biked everywhere. I normally bike every now and then but this month I have made a point of bringing the bike with me all the time. Great exercise!!!
  2. Mr Viking and I have dutifully implemented the One Simle Purchase Rule
  3. White month! As the Viking I am, I tend to drink alcohol every now and then, and Mr Viking and I very much enjoy a glass of red after a long day of work. Cut off alcohol completely this month and noticed two things: a) I am saving more money than I thought! A good bottle of wine pays up to ca 20 USD so lets say we have saved at least 40 bucks on this. b) My skin looks great! I want to continue with this.

These are things that has made me save in total more than 200 USD. 

In one year this is adding up to 2400 dollars. Insane. Tips: Write down right now what you would do if you were given 2400 dollars out of the blue right now. Keep this as a motivational note.

It is not on par with MrMoneyMustache  but everyone has to start somewhere and these are definitely three tips that anyone can follow. If you try it one single month, you will still save a lot of money.