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Fine-tuning my budget goal!

April 28th, 2006 at 11:59 am

I finally have decided that I need to work on fine-tuning my budget. My Question is “What is the true value of my lifestyle now that I am living on a pension?” This is what I wish to find out the difference, than that of someone single paying full price for everything and what I am doing now! My pension is around $13000 per year before tax. What is the minimum income of someone single paying full price for everything, doing the same things and having essentially the same lifestyle? Mirror Image Challenge

I can save very little in the way of cash, but I can certainly stretch my money a lot more than most of those around me can! If I had to pay for what I do use in the way of goods & services at full price I would need a lot more money than my pension allows. I want to find out what is the difference. So I plan to tally up what the full prices might be and then find the difference between the discounts found or/and saving made by $ stretching and frugal strategies. Naming the strategy used if possible.

2006 Total $-t-r-e-t-c-h Savings Tally is the amount that I would need to find or earn extra to live at this level. My challenge is to find what my true cost of living would be, I will be using every frugal and saving tip or discount that is available to me! All will be in Australian dollars. (Exchange rate is around 75c to US dollar)

Example of my Tally list is:
Today’s Full price Tally $150
Today’s Savings - $80
2006 Total $-t-r-e-t-c-h Savings Tally $80

“It's really hard to come up with $1000 but it’s easy to find 1000 ways to save a dollar or two!”

So let’s go and find those 1000 ways to save a dollar challenge and see what the amount is at the end of 12 months.

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