Yes, I cut Pizza form my Budget
Have I gone Too Far?
The first step in getting out of debt is to figure out where your money is going. I learned a lot when I reviewed my spending last year. It was a bit depressing, but at least I learned how I was wasting my money.
I wanted to take control. If I spent money on something, I wanted to get value from it.
So, when I reviewed my credit card statement, I noticed that I spent a lot on pizza deliveries. Each large pizza was about $23-$25 depending on whether I had a deal, coupon code, or special offer.
I almost always use a coupon code from Ebates and get cash back from my online purchases. More about Ebates Here. However, pizza delivery is not usually a cash back item.
Either way, it’s a lot for a pizza when you compare it to a pretty good pizza I can buy frozen. It’s an extra $15-17 each time I order delivery pizza. And most of the extra cost is delivery fees.
So, I started buying store bought pizza and I’m saving about $51 each month ($17 savings 3 X per month).
Is it a huge savings? Not really. But right now, I’m fired up. And I want my car payment to go away. And I’m kind of sick of being ripped off.
Why is the delivery pizza so expensive? There’s a $4 delivery fee and taxes plus I give the driver a tip. I don’t know how much of the delivery fee that he/she gets to keep. I like to tip people who work hard. But, I would prefer to keep my money. Delivery pizza is not that great. And it takes much longer.
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The key to this process is to align where you’re spending your money with your values.
- What do you value?
- What is really adding value in your life?
For some people, cutting the cord on cable is a great way to save money. For others, that would be crazy. As long as you’re getting value, then it makes sense.
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What doesn’t make sense is spending money for a service without actually getting value. I was paying over $100 a month for a storage locker. That is a great example of an item that was adding zero value in my life. Yet, here I was spending money month after month for this service. Until I woke up and said, “No More.”
Bottom line- right now I’d rather be a little closer to paying off the car and being out of debt than pay $100 this month for pizza. Also, I tend to eat too much of the delivery pizza because it’s better than the store kind. So, this should help my waistline a bit too.
Maybe I’ve gone too far. I’m fired up and focused on the paying off my debt. I’m seeing all the stuff I purchased over the last 15 years that added very little value to my life and I’m done spending money that doesn’t add value or make me really happy.
Please share your comments!