Often the secret to getting your personal debt under control is to adjust your consumption habits so that your expenses go down. Many websites out there offer tips to live below your means, but as usual the Art of Manliness website has given us a fresh way to look at the problem.
Last week an article was posted there titled “Win the War on Debt: 80 Ways to Be Frugal and Save Money.” Some of the 80 recommendations (e.g., cancel your cable subscription, brown bag your lunch) are similar to what you will see on a lot of other sites. Others were ideas I’d never considered before. For example, #57 “Kill the Electricity Phantom,” involves unplugging electrical items that aren’t in use because they continue to suck electricity even when powered off. #8, “Replace Your Car’s Air Filter Regularly,” looms large now that gasoline is pushing $4/gallon.
Some of the ideas are man-specific, such as #18 “Shave with a Straight Razor,” something that tempts me since the blades for my razor are now $2 each. (I’m certain, however, that my kids would find a way to get hold of it and kill themselves if I bought one.)
In all, the post will probably give you several budget ideas that you’ll find reasonable and not too difficult to implement.