The “9 Things You Can Live Without” post describes the possessions and wants that many tend to consider as necessities. In this post, the author explains why these things are not necessities and what people can do instead to get almost the same, if not more, benefits they get from these false needs.
In life, there are things that we need to live. On the flip side, there are things that we think we need and can’t live without. These pretend needs when left unchecked and mitigated can drive expenses to the roof and can cause negative effects to our true needs, savings, retirement, emergency funds, and the likes.
9 Things You Can Live Without
In this post, I detailed some of the things that one can live without and still have a happy and fulfilling life.
People can live without debt, in general. They can live their lives without debt if they only spend within or below their means. The truth is a lot of people like to buy things that they do not need and/or spend more than what they can afford (i.e. overspending). As a result, they get into a bad debt situation.
People may argue that without debt, they wouldn’t be able to satisfy their needs. My take on this is, if you aren’t able to meet your needs, then, you need to be more proactive in getting yourself in a better situation. This includes getting a second job, cutting out or back on expenses, among others.
You may find yourself able to live on debt, but debt will catch up on you. When that time comes, the gravity of the problem may even be worse than what you would expect.
2. Home Phone
According to the United States Telecom Association, around 45% of Americans cut their landline service. You can really live without home phones. Living without home phone means that you are saving more money in the process, which you can put in your savings or in your other necessities.
If you are paying $50/month for home phone, drop the service and choose Skype and/or Magicjack and you’ll save hundreds of dollars in a year. The best part of it is that you still get to communicate with people.
3. Gym subscription
Gym subscription is one of things you can live without. If you want to stay healthy and active, there are more ways to do that than getting a gym membership and going there from time to time. You can always run and workout at the park.
You can get a couple of dumbbells for weight training. There are public courtyards or, if you live in an apartment, courts for tennis, basketball, among others.
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According to Andy Hargreaves of Pacific Crest, it was estimated that the top eight cable companies lost around 463,000 subscribers in the 2nd quarter of year 2015 compared to a 141,000 decline in subscribers for the 2nd quarter of 2014.
Cable fees have gone up for some time now. A lot people think that cable service is a necessity when really it is just a want. Cable is a service that you can cut and you, on one hand, can still live fine even without it. There are options or alternatives to cable such as Hulu and Netflix.
You can also visit websites such as YouTube and network cable sites if you want to see select shows. You can also get an antenna and get some channels even without subscribing to a cable service.
5. Junk food
You can definitely live without junk food. Junk foods can satisfy your hunger. But these foods don’t add value to your health. On the contrary, they can be harmful. If you wish to satisfy your endless hunger, you can always resort to healthy foods that don’t take time to prepare.
It’s not only the health that will be benefited by not eating junk foods but also your grocery bill. You’ll be surprised how the savings add up in the long run by not purchasing junk foods.
6. Magazine subscriptions
Magazine subscription is one of the things you can live without, too. If you like to get news updates, gossips, tips and tricks, among others, you can always find news and entertainment websites and blogs to get the information you need.
You'll be surprised the articles and/or the article contributors in the magazines can also be found online. If you do want to see the magazines, you can always go to the library.
7. Expensive health insurance
This is most likely applicable to young or healthy people. Instead of getting preferred provider organization (PPO) plan, you may consider the consumer-driven plan (CDP), which is a lot lower than PPO. If you are healthy and do not really need the coverage that PPO offers, it may be in your best interest to go for CDP.
In addition, many CDPs have allowances to cover your health costs. It's a double benefit because the premium is low and you have extra allowance you can use for health-related expenses, subject to exclusion.
8. Big houses
There's a notion that the bigger the house, the better the financial situation of the person/family is. This may not always be the case. Sometimes, people buy bigger houses than what they can afford or need because of lifestyle, the need to show-off, and others. The reality is, some people can downsize and still live comfortably and well.
People can live without going to the restaurants. It's just a number of people are lazy to cook and/or don't have the time to cook. The reality is, all the foods or ingredients to the foods can be found in the grocery stores. If they want specific dishes, they can always look them up on the internet for recipes.
Cooking at home is good because you can cook the way you like and you know exactly what is in the food. Since you are cooking the food, you can put the ingredients you like.
There you go, that is, the 9 things you can live without. What do you think are the other things that people can live without and still live comfortably?
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