I Saved $1500 A Year By Re-evaluating My Monthly Expenses
A year ago, I was triggered by a tweet. It read:
"If you didn't come from a wealthy family, then a wealthy family should come from you."
This was posted on a page I really liked, because it was dedicated to teaching our community about investing, flipping properties, purchasing stock, etc. While I always appreciated that type of content, I wanted to see more transparent posts acknowledging the fact that everyone isn't quite there yet. This led me to start saving money, on a smaller scale, that would add up over time. My ultimate goal was (and still is) to get to the point where I can make large investments, but we've all gotta start somewhere right?
One of the biggest ways I've been able to save more money is by living beneath my means and finding ways to cut back on expenses. If you want to know some of the ways I've cut back on everyday expenses and how I've ultimately saved $1,500 because of it, here's what I did:
I Re-evaluated My Car Insurance
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My premium was a bit high from a few speeding tickets in the past. I called my insurance provider, and asked how long it would take for them to fall off my record. Come to find out, they'd already been removed the month prior, but they never updated my account! The representative informed me that my new monthly payment would be lowered by $30. However, I didn't stop there. I also called a few of their competitors for free quotes.
Ultimately, I found a premium that was another $19 cheaper. So, I switched and ended up saving $49/month, which was an extra $588/year put back into my pocket!
I Re-evaluated My Cell Phone Service
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I browsed my service provider's website, and noticed an advertisement for a free Netflix subscription, for customers with at least two lines. My fiance' and I recently started a family plan, so I called to find out if we could receive this incentive. Turns out, we had access to a free subscription the whole time, but the representative who signed us up never mentioned it! I then set up that free Netflix account, and by cancelling my old subscription I saved $12.99/month. (You may be reading this thinking, Or she could've just borrowed someone else's account. I definitely support that as well...do whatever works best for you boo!)
Shortly after that, I noticed a new plan listed on their website that was $15 cheaper than ours. It was almost identical to our plan, with the exception of two minor changes we didn't even care about, so I made the switch. This new service plan (plus eliminating my Netflix) put $27.99/month back into my pocket...that's $335/year.
I Re-evaluated My Electric Bill
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(This would only work if you live in a state that has multiple options for energy companies.)
Bae handles our utilities, so while I was negotiating the phone bill, he was getting free quotes from competitors of our electricity company. He ended up receiving a quote for $11 cheaper, so we switched. That saved us $132/year.
I Made Temporary Sacrifices
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Lastly, I decided to eliminate a few costs temporarily, until I hit a few of my personal savings goals. My complex has a really nice gym that I never use. So, I canceled my gym membership, and started using it. I also pushed myself to do more in-home and outside workouts. This saved me $15/month, which was $180/year. The next one was tough, but I decided NOT to upgrade to the newest iPhone! As bad as I wanted a nicer camera, I still chose to pay the remaining balance on the phone I had, then started saving an extra $27/month. This was the first time I didn't have a "phone note", and I felt really good about it. I decided, moving forward, if I can't afford to pay in full for a new phone in cash, then I don't need it..
In total, I was able to save $1,559 from a few quick phone calls and making slight sacrifices! What started out as a temporary change, has shifted into a new lifestyle where I am constantly on the lookout for more ways to cut expenses and save money. I still have a ways to go to reach my long-term goals, but I'm glad I finally got down to the root of my problem. It was me. I had to get out of my own way, on this journey to financial freedom.
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Shay Moss (@s.moss) is a lover of sunflowers, sequins, and celebrating Black achievement. As a former high school counselor, she has always taken pride in helping others accomplish their goals. Her love for female empowerment inspired her to create "Good Girl Season", a lifestyle blog committed to motivating women in various aspects along their life journey.
ItGirl 100 Honors Black Women Who Create Culture & Put On For Their Cities
As they say, create the change you want to see in this world, besties. That’s why xoNecole linked up with Hyundai for the inaugural ItGirl 100 List, a celebration of 100 Genzennial women who aren’t afraid to pull up their own seats to the table. Across regions and industries, these women embody the essence of discovering self-value through purpose, honey! They're fierce, they’re ultra-creative, and we know they make their cities proud.
VIEW THE FULL ITGIRL 100 LIST HERE.
Don’t forget to also check out the ItGirl Directory, featuring 50 Black-woman-owned marketing and branding agencies, photographers and videographers, publicists, and more.
THE ITGIRL MEMO
I. An ItGirl puts on for her city and masters her self-worth through purpose.
II. An ItGirl celebrates all the things that make her unique.
III. An ItGirl empowers others to become the best versions of themselves.
IV. An ItGirl leads by example, inspiring others through her actions and integrity.
V. An ItGirl paves the way for authenticity and diversity in all aspects of life.
VI. An ItGirl uses the power of her voice to advocate for positive change in the world.
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Rihanna Talks Shedding Expectations And Finding Balance As A Mother
Since becoming a mother in 2022, Rihanna has defined parenthood by her terms and hopes to pass that sense of autonomy on to her children.
For Vogue China’s April cover story, Rihanna shared her perspective on raising her two sons with A$AP Rocky, and how she hopes to preserve her children’s uniqueness, devoid of societal expectations.
"The most beautiful thing...is that [children] come into the world with their own individuality and sincerity, without any logic or conformity,” she told the publication. “Which usually makes you feel that you must fit into a certain group."
The “Work” artist, known for her trendsetting style and captivating persona, expressed her desire to support children in fully embracing their individuality and encouraging them to be whoever they want to be. "It's really beautiful to see and I want to continue to help them navigate that and make sure that they know they can be whoever they want to be,” she says.
She continues, “They should embrace it completely, because it's beautiful, and it's unique. I love them just that way."
From shattering music charts to shaking up the beauty industry, Rihanna has forged a path that has since created the “dream” life we see today. One that she says has made her parents proud of.
“I’m living my dream,” she continued. “My parents were very proud of that because they just wanted me to be happy and successful. So, I think the key thing is to find some kind of balance. Yes, balance is important. Do this and you get the best of both worlds. You can write your own life the way you want, and it will be beautiful. Sometimes, you just need to let go of everyone’s expectations and start living your own story.”
Rihanna, who shares sons, RZA, 23 months, and Riot, 8 months, with rapper A$AP Rocky, recently shared her vision for expanding her family in the future in Interview Magazine.
When stylist Mel Ottenberg asked about the number of additional children she hoped to have, Rihanna replied, "As many as God wants me to have.”
"I don't know what God wants, but I would go for more than two. I would try for my girl,” she adds. “But of course, if it's another boy, it's another boy."
Featured image by Neil MockfordWireImage