Theme Week: The Debt Diet

coins-912716_640If December is all about excess and over-indulging, January is its introverted cousin.  Multi-course dinners, swanky parties and glittery packages are replaced by quiet nights and a return to the humdrum routine of winter.  For many, our waistlines take as much of a hit as our wallets over the holiday season and January offers a time to re-set expectations and trim the fat: literally and financially.

Years ago I discovered Happy Simple Living, where blogger Eliza writes about all things family with an emphasis on simpler living, sustainability and the green movement.  Every January she runs a series called January Money Diet where she assigns homework with a goal: save money and reduce spending while consciously considering the impact of your choices on your family and the environment.  For example, the homework for day 6 is to sell something that is no longer of use to your family and put that money towards paying off your debt (or deposit into a savings account).  Day 4 is a culinary challenge that encourages followers to cook double the amount and freeze half for a future meal.

This week 4Mothers will explore the idea of a debt diet.  Is tightening the purse strings even necessary if you’re conscientious all year?  How do you save money?  Where do you pinch your pennies?  What are your favourite money-saving tips?

Our friend and guest blogger Kelly Quinn, the mother of two daughters living in Ottawa, will join the conversation.  See one of her previous posts for us on her electricity bill.

Join the conversation by leaving a comment and let the 4Mothers community know what you think!


Saving Money

I have a habit (okay, probably many) that drives my husband crazy.  I love to clip coupons.  I have a coupon folder with four colour-coded envelopes each one labeled: groceries, drugstore, restaurants and activities.  I clip those money saving papers whenever I come across them because raising kids is expensive.  Whether paying for babysitting or feeding a brood of teenagers, the dollar bills add up quickly and if you can save a few, why not?

I check religiously for grocery and drugstore coupons.  It’s so easy.  Peruse the list of products and check off which items you want to save money on and then the company mails the coupons to your house.  For free!

Some other fabulous money-saving sites that I either subscribed to or check regularly:

Bargain Moose

Mother of a Deal

Big Baby Buy


Savvy Mom

What are your favourite places to source out good deals?  Please share!  Both my bank account and husband thank you!