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Reply to " To anyone who once had nothing and is now worth 7 or 8 figures:"
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[quote=Anonymous]I think you have to look at every item in your budget and see what you can trim for now. You're already tacking food it sounds like. Next is utilities-that seems high for a 1 bedroom apartment. See if you can adjust heat downwards, set a timer for showers, cover your windows with plastic, see if you can get on a leveled utility plan to make it more predictable. Gas-try to combine trips as much as possible, walk if you can to any errands. Spend the time to shop around for car insurance-we pay around $100 a month for max coverages with collision and comprehensive. None of those will save you huge amounts, but if you can trim even $10-20 from each category, it will start to add up every month-especially combined with food savings. I'd use it to find an emergency savings account to help avoid having to use credit for future emergencies. Then hopefully child support will kick in and help alleviate some of your stress. Then in September, your child care costs should drop when school starts. The key will be to not stop economizing once those two things change-keep living like you didn't have the extra money and pour it into savings (or the credit card debt to free up more cash flow). [/quote]
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