Stop all reoccurring monthly charges.
In order to stop the treadmill of money in – money out every month, let’s focus on where that money is going and do really “need” or even want the “reocurring” lifestyle you have created. Yes, you “can” have anything your want, but at what cost? Think about how we remember “the good old days and how simple everything was.”
Too many choices = sense of overwhelm
Too many choices = less or no appreciation
Too many choices = less or no productivity
Do as much of the physical labor yourself as possible like mowing your own grass and cleaning your house, pool and car. Physical labor outside is wonderful for the mind and body. You can work-out at home, perhaps with your family, using DVDs so you can cut your gym membership and one more drive in the car at the same time. Stop magazine and newspaper subscriptions and buy one occasionally if you really want one.
Reduce your cable TV to just basis, save $50 a month and break the habit of mindless watching while replacing it with “selected” viewing like documentaries or on-line learning. Better yet, turn on some music and interact with your family by playing a board game, cooking or baking together.
The point is to be acutely aware of how you have “set up” your lifestyle and what tweaks you can make to jump off the treadmill and go back to the basics. Everyone has the same amount of time. The key is to “build in the good stuff” otherwise, life finds a way of using up all our time. Make a quick weekly schedule of how you are currently spending your time by blocking it into chunks of time and then make a new one of how you “could” spend it and gain satisfaction while saving money.