Editor’s note: Each week, one of Bankrate’s personal finance reporters is reporting on a new way to save and chronicling the savings journey. This week, I shopped cellphone carriers to see how much I could save and to share my experience with you. See what happened.
Last year my husband Kevin, 58, expressed a more-urgent-than-usual desire to retire from his well-paying electric utility job after 34-plus years of service. He wanted to be able to enjoy life by playing on the community tennis team while his knees still worked and by surfing whenever the waves beckoned. Kevin doesn’t do stress well, and he threatened to drop dead at his desk if he continued to work. Also, he promised he would pick up most of the housekeeping chores.
I want him alive, and I don’t particularly like doing chores, so I supported his decision.
Our income plummeted about 50 percent effective September 2014. Believe me, that is a noticeable drop. I examined our spending patterns in 2014, searching for areas of profligacy in the budget, and saw a few categories where we could save money. I zeroed in on telecom costs first.