Are you or your household saving more or spending more during this pandemic?

[makingmusic476]

Saving more, despite getting takeout more frequently to support local restaurants.

No more buying snacks at work, getting dragged to Lowe's to buy shit for the house, the one time I got gas it was crazy cheap, etc.

 

[scottbeowulf]

Saving a ton more. Almost feel bad about it.

 

[TaterTots]

Spending less. We're more cautious about ordering food and such. Honestly, there is nothing I want right now so there is no need to spend.

 

[Strike]

Gas is cheaper and all the events I wanted to attend this year are cancelled, so yeah. Also getting hazard pay too.

 

[I Don't Like]

I must be saving. No Happy Hours, no brewery trips, no Capitals or Nationals games or nights out in general. Definitely saving.

 

[Sobriquet]

Saving. No bars, concerts, or restaurants.

 

[Bedameister]

I'm not sure. I think I'm saving a lot by not eating out anymore and especially not going out to drink anymore.

On the other hand I'm eating a lot more and spending more on games.

 

[bionic77]

Probably spending 30% more on groceries. But considering we have filled up on gas once in the last month and are not eating out it results in a significant savings.

 

[HotsauceDragon]

About the same, as I never spent much on gas to begin with and we were replacing restaurant meals with stockpiles of groceries in case the pandemic got worse.

 

[Snake Eater]

Just not eating out alone I'm saving a ton, obviously groceries go up but you save a lot cooking damn near everything yourself

 

[HiLife]

The amount of gas money I saved probably went to ordering out. I need to stop. lol.

 

[Random Painted Highway]

I estimate we've saved about 5k in expenses through end of may Probably spent the same . Pc, tv, Trampoline. Lots of activities and stuff. 2 wfh adults 9 and 4 yr old, just a brutal time, the spending is therapeutic.

 

[Nude_Tayne]

I'm definitely saving more. Partly for obvious reasons, but also because I was planning on doing things like taking my first international vacation in a very long time this year, taking up some new hobbies, etc. That's not happening.

 

[Protome]

Saving more. I've been spending more on weekly groceries as I've been ordering from local businesses mostly to support them and also so I don't need to leave home to go to the supermarket but I'm still saving overall by spending so much less on lunches/snacks/money spent when socialising like going out for food or going to the cinema or something.

We're also ordering less take away food, although we'd like to support our local places mainly because our regular Chinese has closed and the others nearby just aren't as good.

 

[Mahonay]

Saving a lot more.

 

[.Detective.]

I was saving quite a bit on a monthly basis before this pandemic all began(TFSA, Retirement Plan, Investing), but it's come to a point where what I save is well more than what I spend. It was a closer ratio before.

If anything, this situation outside right now has led to some significant new ideas on what to do with my funds. Life works in funny ways.

 

[stuckpixel]

Saving at least $1000 per month.
$450 a month on pre school tuition
$200 a month on gas
$150 a month on kids related activities
At least $150 or so on dining out and incidentals from not going to the office every day
$40 a month on cable package due to no sports

We've paid off our Christmas debts early and are nearly done paying off some unexpected expenses from December and January (car repairs and doctor office visits)

 

[SixPointEight]

The same. I had to purchase home schooling supplies, and I give away my excess money to food banks and shelters.

People are starving. I can't in good conscience keep it.

 

[DarthWalden]

We are saving way more, so long as I can keep my employment.

No day care, lower insurance, no gas, partial refund of school fees, no more weekend activities... Etc..

Plus extra money from the government.

 

[Evo Shandor]

I'm not going out so I'm saving a lot of money. It's also help me notice how much I spend when I go out so, after the initial excitement of going out again subsides, I'll be changing my habits to build up my savings.

 

[Torpedo Vegas]

There is no saving or spending, only bills.

 

[Jersa]

Saving more, but making a cross-country move to Boston this month for a new job, so the upfront costs are adding up.

 

[Jive Turkey]

Saving but only modestly. Outside of gasoline consumption, which was already incredibly low, our spending hasn't really changed.

 

[Tlaloc]

Saving more our savings account looks really good right now. Our stimulus check went straight into savings and my extra pay for being essential will be going into savings as well. The goal is to snow ball everything into a house down payment. I figure house prices will dip once we come out of this.

 

[Jogi]

Saving. Go to the coffee shop once a week vs at least 3 before COVID I would say. Eat out less. Basically don't drive so don't need gas haha.

 

[Schwarzbier]

Spending significantly less. My wife is the only one working during this so we're doing what we can to spend less. I'm a craft beer nerd so I'm generally always in the bottle shop but with this I'm not going anywhere which is saving me a lot of money lol

 

[ApatheticDolphin]

Saving a ton more. Almost feel bad about it.

Click to shrink...

then donate some of it

 

[sven]

Saving since I'm still getting paid and just sitting around watching TV and playing video games all day.

 

[Badcoo]

Saving. Not paying for my kids Montessori so saving a bunch there.

 

[StarStorm]

Saving more. Spending little on gas and no restaurants or theaters makes quite a difference. Spending more on groceries. Still do take out every now and then.

 

[ccbfan]

saving a ton more

2000 son daycare
500 daughter after school.
300 wife public transportation
100 gas for car
200 wife lunches and breakfast at work
100 my lunches at work.
400 date nights
200 activities with kids.

April specific savings
1000 daughter birthday party
3000 spring break family trip

Higher cost of groceries and take out probably cancelled out by not going out to eat anymore.

 

[Deleted member 8752]

Saving more. I'm cooking a lot more which saves money.

Probably spending 30% more on groceries. But considering we have filled up on gas once in the last month and are not eating out it results in a significant savings.

Click to shrink...

Yep pretty much the same here.

 

[djplaeskool]

Similar spend on groceries and food.
My typical ~$100/mo. gas expenditure has bottomed out. Two $15 full tanks has lasted me damn near five weeks.

 

[MarioW]

Overall, having been in self isolation for 5 weeks now, I'm technically saving more as I'm not going out drinking, going to restaurants, or traveling. But I've given away or lent several thousand dollars to a few friends that have lost their jobs on short notice. All up then, it's probably a wash.

 

[absolutbro]

Saving money. Not spending anything on gas, not spending money on breakfast/lunch 3 days a week, and definitely not putting as much strain on my car. Plus I'm saving all kinds of leave hours.

 

[J_ToSaveTheDay]

Same, though the goods/services I'm spending on have shifted with some of them shutting down almost completely. As an example — a lot less on eating out, but ordered the (very expensive) shoes I was talking about in the "dumb shit you want to buy" (vaguely recalled title) thread that made up for it.

But the balance so far is about the same overall, in terms of spending v saving.

I think I'm just about over the impulse to spend what I'm saving over my normal habits and might just tip the balance more toward saving more in the foreseeable future, though.

 

[reKon]

Saving just a little bit more, but not insanely significant because I had been already saving.

Before I was getting free brewed coffee from work (Starbucks), but now I have to buy my own. I think in terms of things like lunch and othe food, overall it's been about the same.

I've halted on spending for transportation so that's about $80 a month.

By now, I probably would gone out a few times and would have went hard during St Patrick's day. I could see that amounting to $200+ savings since early March right there.

I have a clothing budget for the year, but with everything going on, I haven't felt like shopping for things like that. Won't be surprised if just end up not even using half my clothing budget.

 

[mhayes86]

I haven't quite done the math yet, but I suspect it's close to the same. My wife isn't working now, but I still am so we've lost one income. With traffic being non-existent, I'm saving on gas, and we're not going out to eat, but electric and water bills have gone up a bit, and grocery bill has gone up.

 

[SRG01]

Definitely saving more. It made me realize how much stuff I could cut out of my budget and still live comfortably.

 

[the_bromo_tachi]

Saving more. Things I've only bought were food and coffee the past two months. I did buy two games but that's it.

 

[AppleBlade]

Saving a lot more. My wife and I both still have our jobs and get to work from home. We don't have to pay for childcare for our 2 kids now. The bank account is starting to get stacked. I'm especially grateful because our house was a fixer upper when we purchased it 5 years ago but with full time jobs and 2 little kids we were never able to do the "fixing up" part. Well now we are removing wallpaper with all of the extra time we have and will start getting quotes soon for an exterior paint job of our house.

 

[squeakywheel]

Spending more. Less sales at the grocery stores. I am saving massively on gas though.

 

[BarringGaffner]

So many things have gone up or down. I think we were saving much more until my job pay cut.

Saving
- mortgage went down $400 or so (variable rate YAY)
- no doggie day care
- no gym/fitness trainer (well almost... do a weekly online session instead.. much cheaper)
- parking
- much less eating out
- much less drinking out
- no haircuts

Losing:
- Spending more on house
- spending lots more on groceries
-25% pay cut starting next week.

+/-:
- my company is offering an interest free loan of 10% of salary. Basically after our pay returns to normal, we would pay back the 10% over the same amount of time.

Not sure about this loan thing though. Need to think about it. It's basically losing more now or spreading out the cuts for longer.

 

[BorkBork]

Used to eat out on a whim like four times a week, so yeah. Plus no need for a transit pass this month. Some savings.

 

[Mesoian]

Saving. It's pretty hard to spend money when you never go out. Good thing to because if I get furlough'd, i'm gonna need those savings.

 

[Deleted member 41178]

Saving, we used to eat out twice a week and get take away once a week. Just that alone is saving around £250 a week. On top of that we're not buying petrol or paying to commute, all of my wife's and kids classes have been cancelled so.

Probably saving close to £500 a week at the moment.

 

[SABO.]

Saving a lot more.

A lot of monthly expenses got put on hold due to the corona virus. The gym was a big one..that's 70AUD straight into my savings.

 

[softtack]

Saving for that Honda CT125.

I'm eating cornflakes.

 

[Scarface]

Im actually quite busy with work at the moment. I own a small business and ive been quite fortunate with all the work im getting.

We might actually come out on top, and pay off some debt.

 

[Vormund]

I'll say spending less. Since I'm earning less, but also spending less it evens out.