Today, I start myself on a new era. Gone are the days of excessive spending and self indulgence. It is time to become a money saving scrooge.
So, the mission? Minimize all expenditure and Maximize earnings. I have splurged too long because I could. I’m reducing the shit tonne of alcohol I consume (See that guys, improving!) I’m budgeting and I am looking into all the things I have postponed. I have been browsing investing, financial independence and AusFinance on reddit for too long, and it is time for me to put my money where my mouth is – Planning for the future, not indulging in the present.
Today, I have looked through what I have been spending monthly on things I barely use.
- Splice Subscription ($7.99 a month) — Removed
- Crunchyroll Premium Subscription ($6.95 a month) — Removed
- Netflix ($17.99 a month) — I can’t remove this, as all my family uses it. I will discuss with them before removing this one.
- Amazon Prime Video ($6.95) — Not removed yet.
- Stipe ($32 a month, split in half with my mate) — Kept? We do enjoy keeping the server up and we are unable to host it ourself with our internet *shrugs* I will discuss it with him.
Okay, so let’s look at this with some maths…
$7.99 + $6.95 + $17.99 + $6.95 + $16 = $55.88 .
$55.88 * 12 = $670
For these five entertainment subscriptions (Music samples, streaming sites + A MC server), I will be spending $670 a year… I dread to look at what I have spent on fast food, Cinema experiences and games in general if this is how I have been spending unconsciously. Now, I don’t think it is necessary to cut everything out, but it is important to cut out a lot. Now, reasonings for the ones which haven’t been discussed.
Splice – There is no need for me to have Music Samples. If I want to make music, I’ll have to do it with what I have myself, not what others can give me. I let the credits build up to almost 2,000 last time. Let’s not do that again and just get rid of it.
Crunchyroll – The benefits I get from the premium subscription do not outweight the costs. I just gotta learn to be patient and there won’t be a problem here.
Prime Video – I was debating, but it’s gotta go.
Which will leave me with my two most expensive subscriptions… Hopefully I can get rid of them too, as if I don’t, they will still be costing me $408 a year. Hey, at least I’m saving $260 from getting rid of the other subscriptions, but still…
Well, this is the beginning of my journey into Min|Maxing my finances 😛 I hope you’ll join me on the way!