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$1,000 Challenge – Transportation and Utilities

by Charlotte 11 Comments

One of the biggest budget-busters in my life is transportation. Owning a car, even without a car loan, can be really pricey. From maintenance to insurance, I take a look at how I can reduce my family’s transportation budget. Utilities is the second category I’m looking at as part of the $1,000 Challenge by Brian O’Connor. Taking a hard look at what I spend on cell phones and internet will possibly save me a bunch of money this month and into the future.

Did I mention that starting this challenge during the holidays wasn’t my best idea ever? Oh yeah. I think I did. Maybe more than once. Oh well. I’m committed at this point and am working through the categories Brian used in his book The $1,000 Challenge. If you are looking to reduce spending I highly recommend his new book. It takes a serious and not fun subject and meets it head on with humor and great advice.

$1,000 Challenge

Transportation

I was excited to see if I could save any money in this category. Transportation costs include auto loans, maintenance, gas expense, and auto insurance.

Auto Loan: My car is paid for so no savings there.

Maintenance: I get a great deal on oil changes and because the car is somewhat new I haven’t had any repairs to speak of. I did just have to buy 4 new tires and that really hurt. It also made me realize that I had not been setting aside any money at all for these kinds of expenses. Which makes total sense doesn’t it? Because in my world nothing will ever go wrong with my car and the tires will last forever. Ahem… In response to this problem I rearranged my monthly budget slightly and am now putting aside about $25 a month into a car maintenance envelope. It isn’t much but it sure will help when a repair or new tires are needed!

One of the biggest budget-busters in my life is transportation. Owning a car, even without a car loan, can be really pricey. From maintenance to insurance, I take a look at how I can reduce my family’s transportation budget. Utilities is the second category I’m looking at as part of the $1,000 Challenge by Brian O’Connor. Taking a hard look at what I spend on cell phones and internet will possibly save me a bunch of money this month and into the future.

Gas Expense: My car gets great mileage and I do try to look around for the best gas prices. That said I am not about to drive all over town trying to save 85 cents to fill up my tank. I also try to plan my errand days efficiently in order to stay off the road as much as possible. No savings here to speak of.

Auto Insurance: I tried to get a better deal earlier in the month and reported on what I found in my last $1,000 column. You can read about my failure HERE.

$1,000 Challenge

My car, Eva, Jena and Bernice (the pug). I think that this may be Bernice’s internet debut.

Utilities

This category includes cable, internet, phone, water, gas, and electricity. This was a fairly easy one for me.

Cable: Don’t have cable. Haven’t for three years now. While this does mean that Eva and I have never ever seen even one episode of ‘Duck Dynasty’ we seem to have survived.

Internet: We use Clearwire for our internet service and it does have the very best rates available in our area. I have had some trouble with the service recently and so they offered me the same speed for a lower rate which saved about $15 a month.  Finally. I have actually saved some money just by making a phone call.

Home Phone: Don’t have one.

Cell Phone: This is the one area where I thought I would really be able to save. We are currently with Verizon. And while they promise the best coverage the rep also proudly proclaimed to me when I called to try and get a better rate that “we are the most expensive cell phone company out there”. I am not lying. She actually said this to me out loud. While I appreciate good coverage, I also appreciate being able to eat and live indoors once I hit retirement age. And my monthly Verizon bill is clearly not going to make that a possibility.

After making many phone calls and scouring the internet for reviews and tips on saving on my cell phone bill I think that I have finally made a decision. At first I thought that I would go with Walmart’s Straight Talk Plan. It is only $45 a month for unlimited talk, text and data. Their rep told me that I would be able to use my Verizon iPhone 4s on their network (which I later found was NOT the case). I also did some digging and found that they have terrible customer reviews because of their almost nonexistent customer service. Hmmmm. That didn’t sound like such a good deal to me. I need to save money but I also need my phone to work because I don’t have a home phone.

I continued to look and think that I will be going with a T-mobile no contract plan. It’s only $50 a month for unlimited everything. Which is half what I am currently paying with Verizon. I have a couple of days left on my billing cycle with Verizon so I will make the switch in a few days.

Water, Electricity: As Brian suggests I called my local electric company and asked them to come out and do an efficiency review of the house. Most utility companies do this for free. They check the windows and doors for drafts, make sure there are no leaking faucets or toilets in your home, check insulation in the attic, etc. and make recommendations on how you can save on these expenses every month. I was happy to find out that the inspector said that there was nothing significant that I could do to improve the efficiency of our home. Which was also a bummer because it meant that there were no monthly savings to be had either.

What does it all add up to so far?

Miscellaneous Savings: $110 on yard maintenance

Transportation Savings: $0

Utilities Savings: $65 ($15 on internet and $50 on cell phone)

TOTAL SAVINGS: $175

Not too bad. I’m not sure that I am going to make the $500 goal but anything is better than nothing. I hope that you are well on your way to reaching your savings goal for 2014! How is it going so far? Have any tips for me on a good no contract cell phone plan before I commit to T-mobile?

 

All the places that have featured articles from TeensGotCents lately – thanks guys!

Week of December 12th

Faithful With a Few – Khaleef Crumbley

Carn of MoneyPros at Bite the Bullet Investing
Yakezie Carnival at Fat Guy,Skinny Wallet
Carn Financial Independence at Carnival of Financial Independence
Fin. Carn. for Young Adults at FITnancials
Aspiring Blogger Fin. Carnival at Aspiring Blogger

Week of December 18th

$1,000 Challenge – Insurance and Miscellaneous

Aspiring Blogger Fin. Carnival at Aspiring Blogger
Carn Financial Independence at Carnival of Financial Independence
Yakezie Carnival at Faithful With a Few

Share the Wealth!

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As I go through the $1,000 Challenge by Brian J. O’Connor, I’m making huge strides in cutting down my monthly budget. One of the most surprising facts I learned was that it costs over $250,000 to raise a kid (not counting college expenses)? As a mother of two, this blew me away! It’s hard to save money when trying to be a good parent, but I managed to cut out over $250 this month by making a few adjustments to my spending.$1,000 Challenge – Eva and Work ExpensesI’m on a quest to save $500 or more in my monthly budget by participating in the $1,000 Challenge by Brian J. O’Connor. This week, I’m looking at entertainment and groceries -- two expenses where it’s easy to go overboard. I’ve picked up a ton of tips on how to keep my entertainment budget down without having to lock myself and my daughter into the house and how to spend less on fresh groceries. It’s saved me nearly $100 this month alone!$1,000 Challenge – Entertainment and GroceriesI’ve been working on reducing my family’s monthly budget by about $500 as part of the $1,000 Challenge by Brian O’Connor. One of the hardest parts of reducing my spending is what O’Connor calls miscellaneous spending. It’s all the stuff that doesn’t fit in your budget, you really don’t plan for, or buy when you impulse shop. From magazine subscriptions to yard services, my cuts have made huge dent on our budget and monthly spending!$1,000 Challenge – Insurance and Miscellaneous

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Comments

  1. jane pierce

    December 27, 2013 at 2:39 pm

    Check out Best Buy Mobile. Ask about Zact. You pay for the service you actually use.

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    Reply to jane pierce" aria-label=' Reply to jane pierce'> Reply
  2. Nic

    January 5, 2014 at 11:00 am

    $50 on cell phone? Unless you need to be reached at all hours cut it down. I use the $30 plan from T-Mobile and am about to switch to the $15 plan from republic wireless. Treat your cell phone like a tire iron or jack – something to be pulled out in emergencies and pay the bare minimum you need to keep it going. Plan ahead, set standing dates with people. Oh consider using google voice with your cell phone and giving out that number – you can check your texts and VM online, forward it to other phones and better manage who you spend text/call $$ on. Remember very few calls/texts need an immediate answer, for most people.

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    Reply to Nic" aria-label=' Reply to Nic'> Reply
    • Charlotte

      March 31, 2014 at 11:09 am

      So true! I did get rid of my home phone many years ago. It seemed silly to be paying for a cell phone and a home phone. Since my cell is my only phone service now I do rely on it much more and at this point getting a home phone would add to my overall costs. So far I’m really happy with ATT!

      2.1
      Reply to Charlotte" aria-label=' Reply to Charlotte'> Reply
  3. The Phroogal Jason

    March 29, 2014 at 10:43 pm

    I was able to reduce my transportation cost when I got rid of my car. Public trans, carpool, bicycling and walking has become normal for me. I would have never imagined.

    Of course this is easier to do when you live in a city and self employed.

    3
    Reply to The Phroogal Jason" aria-label=' Reply to The Phroogal Jason'> Reply
    • Charlotte

      March 31, 2014 at 11:09 am

      Great idea Jason – we live in a large city but it does not have safe public transportation. Although it would do me a lot of good to bicycle a lot more… Thanks for stopping by!

      3.1
      Reply to Charlotte" aria-label=' Reply to Charlotte'> Reply

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Hi guys, I’m Eva!

Welcome to TeensGotCents, my name is Eva Baker and I founded this site when I was sixteen. I'm a complete money nerd and I love helping teens learn how money works. Also, I watch too much Netflix. Although I still have a lot to learn about personal finance I hope you will use my successes and failures to help reach your own goals whether you want to go to college debt free, get a part time job, work on a fun DIY project that will save you money or just read about ways you can learn to manage your money well as a teen. So glad you're here! Read more about my story here.

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