My Top 10 Tips for Saving Money & Getting Out of Debt

I wrote a previous post about the kind of life that I'd like to design for myself starting now in my early 30's. At the end of that post I made some declarations of things that I need to start doing and continue to do in order to achieve this, my uncommonly wealthy life. Today I'm here to talk about the financial side of this dream. Today I'm talking about the wealth in uncommon wealth. 

I know that usually when I talk about uncommon wealth on this blog it's not really in reference to money and finances, but I'm not naive to the notion that money is a requirement of modern life. However, I do not believe that one's wealth is solely based on the amount of money in one's bank account. I think that true uncommon wealth comes from a self-approved and designed life full of rich experiences, relationships and joy.

Now I do realize it takes money to achieve many of these things and in the past I've made the mistake of trying to live a full life beyond my means and this has left me with considerable debt. I don't think debt is something that is a necessary evil of everyday life, I think that with forethought, planning and discipline, anyone can live the life they want within their means. And that is what I plan on doing going forward.

Today I plan on sharing my strategies for how I'm going to get to a better financial place. What this better place looks like to me is my debt totally paid off, savings in the form of an emergency fund and a growing retirement savings plan and saving money for the things I want to do instead of going into debt to do it.

10 Tips for Saving Money & Getting Out of Debt:

1. Use Alternate forms of Transportation: If you can get way with it use transit. I'm fortunate to live in a city in which public transit is readily available and accessible. I pay a monthly fee for my transit pass, which is tax-deductible, and I don't have to worry about car payments, insurance, gas and maintenance. I've also signed up for a car-sharing service: Car2Go for those times when you just need a car. There's others: Zipcar, AutoShare and there's always a taxi or a company like Uber. There's many options for getting around that don't involve car ownership, and they're much more environmentally-friendly too.
2. Make use of the library: Get a library card, it's free! With your card you can take out books, movies, music and download eBooks for free; as well as use the computer, internet and printing services if needed (sometimes for a small fee). 
3. Make your own meals, coffee and snacks: I saved a lot of money when I switched from eating out and doing take out on the regular to buying groceries and making my own meals instead. It's budget friendly and healthy to make your own meals, snacks and drinks and bring them along to work, travel and even entertainment. The freezer is also your best friend because almost everything can be frozen and saved for later consumption, instead of wasted.
4. Make cleaning supplies using cheap household items: Baking soda, white vinegar and lemons is all you really need to clean your entire house for cheap and bonus you're also being environmentally friendly.
5. Have at-home spa days: I love a good pampering just as much as the next person but it doesn't have to cost an arm and a leg to get it. I've become a bit of a master lately at doing my own masks, facials and nails so I don't have to pay through the nose for someone else to do it. Best of all, it can all be done while binge-watching your latest TV obsession ('Orange is the New Black' season 3, anyone?)
6. Find the free and cheap events and entertainment options where you live: There's usually all sorts of wonderful free or cheap but totally fun events going on if you just do a little digging. Movies in park, drive-in movies, movie cheap nights, concerts in the park, outdoor theatre, fringe festivals, street and art festivals, cheap nights at the museum/art gallery, 'prix fixe' events at restaurants, wine/food tastings/sampling, etc. So much to be found and so much to do: time to be a tourist in your own city! Also checkout cost saving apps/websites: Scene Points for Cineplex, Groupon, Living Social, etc. 
7. Use of coupons, money-back apps and points programs: Using these are all great ways to save money on the everyday essentials if used correctly. You shouldn't just buy something just for the sake of buying it because you have a coupon or money-back offer, trust me I've gotten sucked into that trap before and it's a waste of money. Some points and loyalty programs are a waste of time, effort and money also if they reap little in the way of benefits or if you have to save up the points forever before you see any kind of benefit so choose wisely. Ones I like: PC Plus program, Checkout 51 and Flipp.
8. Purge, sell and then only buy what I need and when I need it: I know that every girl has been susceptible to this at one point in their lives when it comes to buying beauty products, clothing, jewelry, bags and shoes. I've done it too: bought something because I thought it was cute, or thought I needed multiple colours, or I'd use it one day. Nope, you all know that you end up using and wearing the same favourite things over and over again so why do we do it to ourselves: keep buying crap that we don't actually need? Well no longer: I'm going to purge my stuff and then sell what I can, donate or throw out the rest and start from there. I'm going to wear and use things up and only buy more when & if they need to be replaced.
9. Cancel subscriptions & memberships that I don't use: I cancelled my cable and I do not have a home phone. I put money into a good internet plan, cellphone plan and watch only Netflix. I don't use the Next Issue subscription I have so it needs to be cancelled and I need to cancel subscription boxes I'm currently paying into that send me stuff automatically every month; stuff I don't need. 
10. Tell other people about my goals and get help and advice: By being honest with people about your financial predicament leads to some unexpected gains. I think sometimes as a society we are embarrassed to talk about money woes but when you start opening up about it you realize that everyone can relate and there's a lot of great advice and support that can be gained. Bonus: many of your friends and family will be in your corner about coming up with inexpensive ways to spend time together.

My next steps will include doing the necessary research to go from financially ignorant to financially savvy, setting up automatic withdrawals from my bank account into a high-interest savings account on pay days, consolidating my high-interest consumer debt and creating a realistic budget and sticking to it. Stay tuned for updates on my journey to financial freedom. 

What are some other ways that have helped you save money? Anything I'm missing, let me know because I'm always looking for ways to improve and add to this list. As always here's to your uncommonly wealthy life! :)

Some other resources to check out that have helped me:
Squawk Fox - Sexy Consumer Advice
Daily Worth - Financial Advice for Women
'Money Rules' by Gail Vaz-Oxlade

Enough with the Excuses!

The other day I had a visit from my sister and she gave me some really great advice that frankly I needed to hear. Her simple advice was to just start writing: she told me that I can publish what I write instantly chapter by chapter using the website wattpad.com as she has been doing. She also told me that I have a lot of great ideas and that I should just write them because they deserve to be shared with the world. It seems like simple advice but it was exactly the kind of kick in the butt I needed. 

I interpreted this advice as: 'enough with the excuses, just do the work already!' Which is nothing new, this is the advice I've read and heard before many times, but I guess I just finally got it. I got it in a new way, in a way that I've never experienced before. I've had the experience many times in my life of understanding many different concepts intellectually before truly understanding it on the other important levels: emotionally, spiritually and physically. This is an example of a piece of advice that's gone in one ear and out the other so many times and I finally get it, I really do!

To me it means so many different things and it can be applied to so many different areas of my life that it feels like a game-changer, like this is a really important turning point in my adult life. I've made excuses about my life circumstances, I've made excuses about why I won't lose weight, I've made excuses about my finances and I've made excuses for myself. And these excuses are all lies, lies that I tell myself to feel better about the reasons why I'm not achieving the things I want to achieve, why I'm not where I want to be in my life and why I'm overweight and unhappy. In their truest forms they're all just different names for the same thing: resistance. 

Resistance rears it's ugly head every time we attempt or even think about trying to improve ourselves in anyway or any time we venture into the realm of creativity. I've experienced resistance in creative areas such as writing and acting, in financial and freedom areas and in the area of health and fitness. I started this blog as a 'lifestyle design' blog because I wanted to design my life a certain way and I've made a lot of strides in this regard but I've also made a few stumbles. And that's ok, I'm not here to beat myself up about it, I'm here to acknowledge how far I've come, what I've learned and what I need to do to keep moving forward. 

I was looking back at some of my previous posts and it's amazing how many of my resolutions and other commitments I've made in this blog that I've actually completed. Here's a breakdown:

New Year's Resolutions:

- I've paid off all my credit cards by using a consolidation loan which I now pay back in smaller monthly increments with a fraction of the interest,

- I have money in my savings account and it's more than what I originally predicted,

- I took a trip out west to Winnipeg to visit my sister in the spring and I'm going on a dream Europe vacation this fall,

- I've started working with a personal trainer and I have a gym membership,

- I've gone through ups & downs when it comes to the eating heathy but I'm re-committing to making more of my own meals because I love to cook,

- I haven't lost the weight I wanted but I've set myself a new goal of getting heathy, strong and in shape. I want to look and feel better even if the scale doesn't change a whole lot,

- I've excelled in my job, I feel like I get better everyday and I'm still learning, I stay out of the politics and I try my best always. I'm loving my job and that's a choice I made, 

- I've actually started to make new friends in toronto, which is awesome! I've reconnected with some old friends, I've maintained most of my old Ottawa friendships and I'm learning a lot about my new city. Unfortunately I did say goodbye to a longterm friendship this year but in the end I think it was for the best, it had become a toxic friendship that was no longer benefitting either of us. I haven't closed that door forever though, maybe sometime in the future when we're both more mature and have forgiven each other we can be friends again but even if not, it was great while it lasted. :)

- I've done a bit of cake decorating this year but I think it'll remain a hobby for now as I concentrate on other life endeavors,

- I've haven't been blogging as much as I wanted to but that will be changing. I have a lot of fun ideas for future blogs in the next few months as we closeout 2014 (including a rundown of my Europe trip),

- I haven't written a screenplay but I've started writing again. I'm going to take my sisters advice and just start writing on wattpad and I'm also committing myself to the November novel writing month challenge this year,

- And lastly the acting career I was hoping to start once I was in Toronto: I haven't done it and frankly I'm not sure if I will. I have some soul-searching to do in that respect but for right now I'm happy focusing on my writing. :)

In terms of a couple more things I mentioned:

- I've started my 3 stars blog and I've posted my first post!

- I'm still on the fence about my favourite things and a baking blog/vlog. I think at this point concentrating on the 2 blogs and a novel (or 2) is my priority. I can always come back to them in the future. 

All in all I think I've come a LONG way this year and I've made some great progress. I still have a long way to go but that's ok, as long as I'm working, as long as I have creative and important (to me at least) things to do then I'm happy. I just have to keep moving forward and realize that everyday will be a new struggle against the resistance demon. I won't win every day but it's the small battles that add up to the big victories. I just have to keep moving forward and winning the little battles. Enough with the excuses because when I look back on my life in 5, 10, 20 or more years I don't my days to add up to a big pile of excuses, I want them to add up to an amazing and uncommonly wealthy life full of wonderful experiences and adventures. So now you just have to go out there and do it! :D