Saving up for early retirement requires a good amount of effort earning extra money, while also reducing expenses. Some figure that latter part is a real drag. In truth, there’s no real sacrifice at all in terms of impact to health and happiness. 

So when I say “just in time for the holidays,” I’m not implying you should take the savings laid-out below and go buy a boatload of gifts for others (or yourself.) I just wanted to be in the spirit of the season. Now, go put that money to work! 

Carve out these five items before you carve that turkey:

1.) stop shopping for clothes at J.Crew, and instead, start shopping on eBay and at consignment shops ($75 -$100/month saved for 2 adults). I got a couple of really nice, (apparently never worn) Banana Republic sweaters on eBay last month for $15 each. Sure beats $80 plus each off the shelf.

2.) quit paying for crazy-ass data plans for your cell phone service. 1GB per month is more than enough. Further, make sure you’re taking advantage of your employer’s carrier discount, if available. Funny story there- I only today figured out my company has a 23% discount. Sigh. Savings: $55 -$75/month.

3.) switch up your insurance plans (auto and home.) Geico is a good place to start, but an even better option is to find an insurance broker who can find really cheap premiums with package deals. Also make sure your deductibles are $1,000 for auto and $2,500 for home. You don’t really want to make a claim unless it’s a total or near total loss. That’s why it’s called “insurance.” Savings: $125 – $200/month (assumes two cars, one home)

4.) cut that mop of hair at home, boys! I reckon my receding hairline makes the job easier on my wife, but she does great work with that shaver. I cut my son’s hair and he still shows up handsome as heck in our iCloud albums. Savings: $30 – $50/month. 

5.) kick Comcast and Direct TV to the curb. No one ever regrets not watching enough TV when on their deathbed, and if they thought they would, they’d watch Netflix anyhow. Buy an HD antenna and be impressed with 30 free channels. Better yet, start a reading habit. Savings: $20 – $80/month, depending on your package. 


At the low-end you’re saving about $300 a month, or $3,600 a year. That’s a nice trip to Cancun for two, if you’re inclined to work until 65. 
At the high-end you might be saving up to $500 a month, so let’s call that a trip to Grand Cayman. But again, you might be wiser to pay off those loans or mortgage first, and keep the option to abandon cubicle early.

There’s certainly more than five areas we can find savings from in our budgets. Challenge yourself, and see what you can reduce before you stuff yourself silly (like I plan to) on Thursday. 

Happy Thanksgiving!

Top Five Budget Hacks, Just in Time for the Holidays 

7 thoughts on “Top Five Budget Hacks, Just in Time for the Holidays 

  • November 23, 2016 at 7:25 am
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    Great points! We’ve done 3 of them – but struggle with the insurance. We have multiple properties and kids that drive and it is actually lower price to stay put with an agent we know. We haven’t used eBay for clothes either – but something to consider for sure!
    Vicki@MakeSmarterDecisions recently posted…Making Smarter Health Care DecisionsMy Profile

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  • November 23, 2016 at 8:25 am
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    I can definitely attest to the savings from haircuts at home. I don’t know how many times that $20 clipper has paid for itself but it would be many many times over. Those things add up!
    Mr Defined Sight recently posted…Sometimes Things ChangeMy Profile

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  • November 23, 2016 at 10:52 am
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    Nice list. I might take the cell one a bit further and recommend trying a discount carrier for even more savings. I have an upcoming post on it but leaving Verizon saved us something like 40 dollars a month.
    Full Time Finance recently posted…How to Get a Good Deal on ElectronicsMy Profile

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  • November 23, 2016 at 11:42 am
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    My husband can get a haircut for $10 near our home. I tried to cut his hair and the end result was not great. Think, it is OK to spend that for every 4 weeks.

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  • November 28, 2016 at 10:14 am
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    I like the eBay idea for clothes you know how they fit. Otherwise, you’d better research the return process to make sure you won’t be wasting more money and time with that rigamarole…😣

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