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Stop Before You Shop

Oh no! You're about to lose your job, or the car has died an untimely and very expensive death. You ve only just started your emergency savings you don t have six months' pay stashed away yet. So what are you going to do?

You may be tempted to panic, but don't! You need to stop shopping, cut your expenses to the bone and stash that cash. Knowing that you have cash available to pay the bills will give you peace of mind and confidence to survive whatever the setback may be.

 Here are some cash-saving strategies:
  • Stop shopping immediately. Live on the food in your pantry and freezer; wear the clothes and shoes you have; grow your hair long or learn to trim it yourself.
  • Make minimum payments on credit card bills. This is only a temporary strategy and not one I suggest you ever do long-term. As soon as you find a job or get the car fixed, go back to your debt reduction plan.
  • Stop eating out; the potential savings here are huge.
  • Cook from scratch. It's not as hard to time consuming as you might think. Stick to basic meals to cut costs and save time.
  • Don't be tempted to buy expensive, convenience foods.
  • To really save at the supermarket, shop the perimeter of the store and avoid the centre aisles.
  • Make $2 meals. It's possible to get your meal cost down to $2 per meal per person and still eat well. Cooking from scratch and buying what is on sale can slash your grocery budget. Options include grilled-cheese sandwiches with tomato soup, spaghetti with meat sauce, noodles with fresh vegetables and pieces of chicken, baked-potatoes, omelettes, meatloaf, casseroles and stews and homemade salads such as coleslaw, potato and noodle salads.
  • Have a garage sale. Clear your house and garage and make some money, too. If your clothes are in good shape and reasonably in style, consider consignment shops. If you have more valuable items, advertise on Facebook buy/swap/sell groups where you don t pay unless you sell.
  • Cancel your cable T.V. or subscription T.V., it's a luxury you can't afford.
  • Cancel your Internet access. Most mobile phone plans come with a decent amount data so use it or use computers at your public library for free.
  • Stop buying magazines. Check them out of the library, instead.
  • Leave the car at home whenever possible. Walk, ride a bike or use public transport.

Even if you don't have a financial emergency, take the opportunity to start your emergency savings fund. If you already have one, you can use these ideas to fast track it, or increase it. Having your own ‘financial insurance" will take away a lot of stress and a cash emergency won't seem such a disaster.

And last of all, stay positive. Meet the challenge head on and use it to improve your financial skills.


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  • Home
  • Join the Club!
    • Twenty Reasons to Join the Cheapskates Club
  • About Us
    • Cath's Story
    • Ask Cath
    • Glossary of Cheapskating Terms
  • Forum
    • Current Forum Discussions
    • How to Use the Member Forum
  • Inspiration
    • Getting Started
    • 31 Days of MOO Index
    • Articles
    • Housekeeping Routines
    • Budget Renovations
    • Saving Stories
    • Learning Centre
  • Recipes
    • Recipe File Index
    • Meal Plans
    • Add a Recipe
    • $300 a Month Food Challenge >
      • $300 a Month Food Challenge
      • The $300 a Month Food Challenge Forum
  • Newsletters
    • Newsletters 2023
    • Newsletters 2022
    • Newsletters 2021
    • Newsletters 2020
    • Newsletters 2019
    • Newsletters 2018
    • Newsletters 2017
  • Saving Money
    • Latest Tips 2023
    • Latest Tips 2022
    • Cheapskates Tip Store
    • Tip Sheets
    • Top Tip Competition
  • Contact
    • Changing Details
    • Help Files