Dottie Domestic

Dottie Domestic Considers the Toilet Paper

My granddaughter spent last week at our house.  She is 12 years old, small and beautiful…and she consumes toilet paper like a platoon of soldiers.  Suddenly, I understood why my Dad was so crazed about how fast we girls ran through his stockpile.

Dad had three daughters.  Each daughter had a daughter.  When we came to visit, Dad hid his toilet paper in the bottom of the clothes hamper in his bedroom.  Why?  Between the 6 of us, we could go through two rolls of toilet paper a day.

So what?

Dad was a depression baby.  And toilet paper was a luxury even though, back then, a roll might cost him a quarter.  If Dad were alive, today, he would probably stock the bathroom with leaves and lock up his toilet paper.

Buy toilet paper at the store and 8 rolls will cost you about $8.00.  Even if you buy it in bulk – 30 jumbo rolls will still cost you $26.00 – 100 times what it cost Dad.  And, have you noticed that the rolls are getting noticeably smaller but the price isn’t?

Bottom line, toilet paper is a pretty practical consideration!  So, how do you wrangle toilet paper to the ground, cut down on use and save some cash?  The old-fashioned way; you start counting sheets.

I know, sounds ridiculous but once I started counting, I realized that I was hauling on the toilet paper roll like I was pulling the cord to start my lawn mower.  Ten, twelve, sometimes fifteen sheets at a time rolled off.  I was ripping through rolls at the rate of three a week!

By counting sheets and limiting the number I use, I can make one roll of Scott toilet paper last about 8 days – saving trees, saving money and yes, I think bringing a huge smile to my Dad’s face.

And if you want to save even more money, I have two suggestions.  Check out Amazon’s Subscribe and Save – I love it.  You get 15% off the regular price and free home delivery.  Not ready for that, Google “coupons” for your favorite paper products company and start saving money and trees.

Balance Your Books, or else – Part III

Scrooge is alive and well and should be living in your house…if you are spending more than you earn.  By now, because you’ve done the hard work of laying out income and outflow…you know if Scrooge is a guest at your table.

You’re almost ready for the big finale but first, a word of warning. What you’re going to do now is a whole lot easier than laying out expenses but the first time you see the numbers in black and white (and maybe a little red), you might experience some pain so be prepared.

In the first scenario, one significant other loses her income but the other keeps his.  These numbers look pretty good and more than cover the costs so this couple can go ahead and spend everything they are used to spending right?  Well, no, not unless they want to hit a financial brick wall really hard.

What do you mean?  Their income is exceeding their expenses, why can’t they keep on living a little high?  I will answer that question with another.  What happens when both partners are on social security?

Income will drop to about $40,000 per year, assuming both make it to their “retirement” years.  And expenses will still be $51,000.  This one’s easy.  This couple will instantly be $11,750 short and the road to financial ruin is pretty much downhill from there.

So, what do you do when you find your income is very close to your expenses or maybe even less than your expenses?  Some hacking!  And you do it as early as possible so you can build a little pad behind your income that can carry you through short years.

Cut entertainment and get $5500 or half the required amount back.  Draconian?  Yes but necessary to balance the budget.

Start getting serious about your food shopping.  If you work it right, you could shave $50 a week off your food bill without trying too hard (more on that later).  That’s another $2600 cut off your expenses.

You could probably save another $2600 just by planning trips to the store and ride sharing  to cut down the gasoline bill.

Look at your phone, internet and television bill and see what you can shave off of them.  Taking $20 a month off the phone and $30 off the cable bill quickly adds up to another $600 saved.  Just with these three tips, you will save $11,300, immediately – just $400 dollars away from the nut you need to stay solvent.

Get rid of any credit card debt and pay down those items that make up the “fixed costs” like car loans and your mortgage as quickly as you can.  That may mean taking a second job but now is the time to make sacrifices and balance your own budget.  Waiting until you “get retired” will move you from balancing on the edge to spinning down the mountain, out of control – not where you want to be when your golden years are thrust upon you by being laid off, severed or “retired early.”

Here endeth this lesson….