Spend to Save – Legit or Just Wishful Thinking?
Author: Anna Newell Jones

8 ways spending money helps you save andthenwesaved.com

Generally speaking, I am not a fan of spending money to get money but Dave points out 8 situations where spending actually helps you save- helping you to ultimately get out of debt quicker.

Dave B. is a small business owner who resides in Atlanta and writes about strategies to save money and get out of debt. – Anna

When it comes to getting out of debt, it seems obvious that the first thing you should do is save money, right? And the best way to save money would be to spend less of it, correct? Well, yes and no. Actually, there are some instances where spending more money can actually help you get out of debt. Once I finally wrapped my head around this idea, I managed to conserve more money than ever before and ended up getting myself out of debt much faster. Here’s a list of things that worked for me on my quest.

 

8 Ways Spending Money Can Help Get You Out of Debt…

1. Down Payments

The zero-down offers made by car dealerships are tempting, but you might pay more in the long run. For example, I recently purchased a car for $15,000, and put $5,000 down. I financed the rest for 60 months at 4% interest. In total, I’m going to be spending approximately $21,575. Had I put $0 down, this number would be $22,100. That’s $525 I saved just by making a significant initial payment. The same is true for money put down on a home. Bumping up your down payment from $6,000 to $10,000 on a $200,000 30-year fixed mortgage with a 4% interest rate saves you almost $3,000.

2. Insurance Premiums

In the past, when my auto insurance bill came in the mail, I just made each monthly payment and moved on. After I took a look at it, though, I found that I could save a full month or even more by paying it all off at once. My provider had a discount program in place where I essentially got one month free by paying it in full. I also noticed that I was being charged a $3 processing fee each month, so by paying the full balance I saved another $36 for the year.

3. Large Purchases

If you spend $400 on a 46-inch flat-screen TV made by a lesser-known manufacturer, you may think you’re getting a deal. However, if the TV malfunctions a year after you buy it, you might be left out in the cold. Most of the time, it’s cheaper to replace these high-end items rather than pay to have them fixed. If the power supply or picture tube on your flat-screen TV goes out, plan on spending $400 or even more to have it repaired.

That’s why it makes sense to spend a little more on quality. In most cases you can get yourself a mid-level flat-screen TV for about $100 extra, which is money well spent. You don’t necessarily need to purchase a Sony or a Samsung, but stay away from the really cheap brands like Seiki, Westinghouse, and Dynex. The same holds true for laptop computers and any other major purchases.

Read More »

5 comments

in Paying Off Debt, Practical Solutions, Savings
24 Date Night Ideas for $10 or Less
Author: Anna Newell Jones

24 inexpensive date ideas for under 10 dollars (click through!) andthenwesaved.com

Having more Date nights showed up on my list of things to work on in 2015. (We went out the other night and we saw The Theory of Everything. It was amazing. Try to see it if you haven’t already. If Eddie Redmayne doesn’t win the Oscar I’ll be shocked. He’s so talented.) Dates are such a great way to connect with your loved one whether you are married or still enjoying the early stages of a relationship. However, being on a debt free quest or making the decision to live frugally can sometimes throw an old monkey wrench in the romantic liaisons department. While thrifty thinking can change your automatic date instincts it definitely doesn’t mean that all those fun nights together have to end. Oh heck no. Just like with most things, when you’re being careful with your money you just need to get a little creative with your plans.

Here are 24 ways to celebrate a date night for $10 or less…

Read More »

5 comments

in Family, Friends, & Relationships, Social
The Reward…
Author: Anna Newell Jones

the reward

This is what I’ve learned: when you get to the other side (of debt or whatever, really) it’s those struggles that you can use to help others who are going through what you went through. Once you’ve found the way out you get to help others get there too. You’re able to relate in a way no one else can. You’ve been there. You know how hard it is and how hard things can be. But once you’ve gotten to the other side you know this too… you know there’s an answer.

So, with that I’ve got to tell you, I’ve been there. I know. It’s hard to get out of debt and it hard to be in debt. But this is the thing. You get to choose your hard. You get to choose which one you want and which one you don’t. And truly, the reward is not so great without the struggle. It’s the struggling that makes it Oh So Sweet when you reach the goal you’ve been working towards. You’ve got this. You absolutely CAN get out of debt!

4 comments

in Motivation, Struggle (Hopeless, Demoralized)
Melanie’s Spending Diet Progress Report
Author: Melanie Gnau

How I Saved 1K in a Month (click through for more!) andthenwesaved.com

Below is Melanie’s December Spending Diet update. See all the past Spending Faster updates here. – Anna

December was the month that I had anticipated a spending spree. With the holidays in full swing, I always have the tendency to overdo things– more gifts, more food, more spending and ultimately, more regret! I had been (fairly) good all year, but I was afraid that somehow the spirit of St. Nicholas would possess my body and credit card. But lucky for me, I’m a planner, I had planned and purchased most of my gifts before December ever rolled around. I had budgeted just $100 for holiday gifts. I did use $100 separate from my $100 Spending Diet fund, but it was $100 none the less. It was still a challenge. I did obsess over the $100 gift budget. I planned sales, I planned coupons and I did more math than I had done in the last 5 years. I also had a strategy. Here’s some things that helped me…

Read More »

3 comments

in Spending Diet, Spending Fasters, Things To Do
The And Then We Saved Book! Update
Author: Anna Newell Jones

anna newell jones spending fast book andthenwesaved.com

spending fast book anna newell jones andthenwesaved.com

Last Thursday was a big day because that was the day I handed over my book manuscript to the publisher!

Last week was intense. Monday I worked on it 17 hours. Tuesday 14 hours, and Wednesday, another 17 hours. On Wednesday I didn’t go to sleep until 5:30 am, and then I woke up at 7:30 am to get right back to work. Even though I’ve been working on the book for the past year there were just all these little things that I wanted to tweak to make it just right. 65,000 words of Spending Fast goodness were handed over at 4:30pm EST. I was so wound up from adrenaline that I was buzzing around the rest of the day. Then, I crashed on Friday, and spent the next couple of days recovering! :)

Now, all sorts of things will take place leading up to the book’s publication which will be in January 2016. Another few rounds of edits will take place. The cover will get designed, the illustrations will be put into place (you’ll LOVE them, btw!), and the layout with be laid (?… lol).

It’s all so exciting! Thanks for being a part of the process, and for letting me share this big accomplishment with you! xo, Anna

11 comments

in Personal, The Book!
(Finally!) Get Organized + Make Money on Your Old Stuff
Author: Anna Newell Jones

get organized! here's how... andthenwesaved.com

When I was watching the news the other day I saw that the top 3 resolutions for 2015 are:

1. Lose weight.

2. Get out of debt. (#heck yeah)

3. Get organized.

I usually don’t make “official” resolutions because I do a pretty good job already of trying to work on myself and my goals throughout the year. With the New Year though, it’s hard to not pay special attention to things to focus on improving.

But, this year I decided I would get focused and write out a list. Nothing makes things official quite like lists do.

Here it goes…

Read More »

6 comments

in Sponsored
Make More Money Through Craftiness – A Spending Fast Update
Author: Jenn Davis

making more money through craftiness andthenwesaved.com

making more money through craftiness andthenwesaved.com

Hi! Below is Spending Faster, Jenn’s December update. She’s doing so amazing! See her past updates here and here. – Anna

 

MONTH TWO OF THE SPENDING FAST

Even with Christmas, I was able to save some money in the month of December! It’s been a busy month for me, but not with buying gifts and focusing on the holiday. My family and friends understood this, relieving me of the stresses of the holiday season. Aren’t they great?  I am truly grateful for the people in my life, because they all genuinely want what’s best for me.

I did, however, give my mom some framed artwork of mine and my dad and friends some of those DIY ring dishes from A Beautiful Mess (the ones Anna made are pictured above).

In December, I focused on ways to bring in more money. This is what I did:

Ebay: I have listed some items that I don’t use anymore and am continuing to do so. I have sold $250 so far, but you have to minus the shipping cost and cost of using Ebay. I would still say not too shabby.

Society6: I started up a society6 account to sell some art prints as I work on my passion for painting abstract art.

Etsy: I also just opened an Etsy shop today and my first items for sale are two of the jewelry dishes leftover from the Christmas gifts. I will be adding original artwork for sale on this site.

I also received a Christmas bonus of $300 at work. And it was saved instead of spent on gifts.

This month has been about combining passion with income. I definitely feel like I am taking a plunge and putting myself out there so to speak. But I have a newfound sense of excitement and purpose. I have a new appetite for education and learning that will enhance my passions. It is coming to my attention that nothing happens overnight, and that my impatience for things to happen overnight is a notion I have to let go of to keep moving forward.

 

Total saved for month two: $400

Which went into a savings account for an emergency fund. My impatience has, however, gotten me to say the amount of $400 will my emergency fund (instead of the 1,000 I set out for in the beginning). In the interest of time and my sanity, I feel like this is an ok amount to set aside for now and to begin on throwing the money at my debt.

 

Spending Fast Stats:

Started November 2014

Total Saved to Date: $400

 

What have you done to increase your income? 

7 comments

in DIY, Make More Money, Spending Fast, Spending Fasters, Things To Do
Leaving the Past Behind
Author: Anna Newell Jones

i've decided to put the past behind me andthenwesaved.com

Saw this on Instagram the other day (from user @f*ckjerry), and it had me cracking up. Had to share.

3 comments

in Just For Fun
  • Anna

    Hi, I'm Anna! I paid off close to 24k in debt in only 15 months & it completely changed my life! I want you to have a debt-free life too so here you'll be able to read all about: How to do a Spending Fast®, saving & making more money, DIY's, & a lot about living awesomely with less. Let's do this!

    ⭐︎Come back throughout the day for updates.

    fb_atwstwitter_atwsrss_atwsemail_atwsinstagram_atwspinterest_atws



    Total Savings
  • Featured On/In

  • Search

  • Categories

  • Archives

  • Advertise on And Then We Saved!
  • Our Photo Biz

  • And Then We Saved® & Spending Fast® are registered trademarks.
    All Rights Reserved.