Oh my it has been awhile since I posted. Sorry.
Anyway, I never explained the 30 Days of Nothing Challenge.
The challenge is to spend Nothing ($0) for 30 days.
This challenge is meant to cover everything. Meaning NO spending of any kind other than your monthly bills being paid. NO groceries, no gas, no eating out, no candy from the vending machine, NOTHING!
I am taking on this challenge but I must modify it slightly. Due to my commute to work I need a tank of gas each week. Since it is impossible to put a month's worth of gas in my car at one time I will be spending money each week to put gas in my car. I have allotted $100 for this between Jan 1-Jan 31st. I also need to modify my challenge because I went food shopping when I got paid on Dec 30th- but only purchased enough food for 2 weeks. I did not have enough money to make a larger purchase than that at the time. So on the 15th I am alotting $150 to go food shopping for the last 2 weeks in Jan. Other than those 2 expenses, the only money I will spend is to pay my mothly bills. NO Eating out! NO little candy for the kids! NOthing!!
I began My Challange on Jan 1st and so so far have spend $10 (on gas).
I went food shopping when I got paid on Dec 30th and bought 2 weeks of food. I also put a full tank of gas in my car on Dec 31st. Which lasted that weekend and half of my work-week, then on Tuesday I spent $10 to put gas in my car.
Care to join me in my challenge??
I will try to update my progress weekly.
Friday, January 9, 2009
Saturday, January 3, 2009
Marketing & Convience are the Enemy of Frugality
I was reading a post somewhere recently but I can't remember where and it had so much that I loved in reading it that I wanted to share the "jist" of it here along with some of my thoughts.
It talked about how we, as Americans, are so materialistic, consumeristic and controlled by marketing. Marketing is a multi-billion dollar industry. Every company, indusrty or products needs marketing experts to convince us WE MUST HAVE THIS OR WE WON'T BE.. (Happy, Healthy, Safe) you pick the adjective.
What we fail to realise is you can not BUY a new you! Everyone takes the new year to start to re-build things about them that they don't like (I need a diet, I am too fat, I need a HDTV because TV signals are changing in Feb, I need this vitamin to have more energy) We are all looking for a magic pill. We have all been brainwashed into believing that there is a magic pill to fix us and make us perfect. But in reality, in order to become a better person, to improve our character or have a more spiritual life you have to live it, pray it, study it, and all that you need to do it you probably already have in your house.
There is so much marketing has done to break up the "american family" and many of the traditional values. We have been convinced we do not have any time! But I think we have always had 24 hours in a day- so the time is the same- we have just been convinced otherwise. Woman have been liberated from the kitchen- because food is now "convient"- pre-cooked, pre-made and over processed. But no one know WHAT the heck we are eating. Woman and girls do not know how to cook, even the basics anymore. And if you cook- it is considered "wasting time".
Marketing has convienced us that we do not have time to cook, to sit down as a family and eat dinner together. The marketing has told us convience is key! Here, just microwave this 'stuff', eat it without enjoying the taste, and throw all that packaging into the landfil. Yea America!
$32 billion per year is spent on marketing in the food industry- not on development, safety checks, or the food itself- but on marketing it.. they tell us WHAT to eat and HOW much to eat. Have you even looked at packaging? Many are now bigger but without telling you there are now 2 serving in there! Oh but they'll charge you more- but won't tell you save half for after lunch tomorrow-- no, no, eat it all you piggy and come back tomorrow and buy another bag.
I may seem harsh but as I read into all of this it just makes me angry that I feel like we just don't have a say anymore in what in "normal". I really want to instill in my kids that food is to be enjoyed-- my daughter loves to cook with me- and I am soo happy for that. I don't ever remember cooking with my mom. We sit down to a family dinner every night and for family lunches on the weekends too! We sit and enjoy each other's company and take time to enjoy the food. Kids today have way too many "empty calories"- my kids are no exception. I started in the last year or so to work to show them "real food" vs. "empty food". I would grow my own garden, but I really do have a black thumb- and every attempt I make to grow anything fails.
Our family goal this year is to eat healthier. And by that I do not mean Convience Food good- but really, good- natural, from scratch and if possible- go organic or at least partially organic. I am a product of this marketing- overweight, envious of what I see on TV, eating "supersized" foods, fast food and snack foods. I grew up in it and it did me no favors.
In the article I read it gave an example of how we are "robbed" by marketing. I may not have the prices exact but they are close. It said that a 1 pound bag of oats cost about $.69 for a framer to grow and harvest. This same bag of oats may sell in the store for about $.99/lb. BUT if you take these same oats and you shape them into circles and put them in a yellow box that says Cheerios- you can charge $4.00 for about 12ounces of oats (not even a full pound). Now, if the marketers can convince you that you have no time to sit down with a bowl and milk is so messy-- well , we'll put those oats with some white-stuff - we'll call "milk" and create a cereal bar you can eat in the car. Now,they can charge you $5 for 8 bars which all combined now only have about 6 ounces of actual oats in them and a bunch of over processed stuff they are calling "milk". The more they process the food the more they can charge and the more they can convince us we need this convience the more they will charge. At this point they have even convienced us that a bar takes too long to chew - but a cereal straw (which probably doesn't even have an oat in it and tastes like cardboard) is what your kid MUST HAVE.
Anyway- that post got me thinking and that thinking made me angry but also made me think I am doing the right things to make the most for my kids. We have also been convinced by marketing that we must have 2 incomes to raise a family, when really if you use your money right and you don't fall for the marketing that we must keep up with the Jones'- then you can live quite comfortably with Mom at home to raise the kids and make sure they are eating right, playing outside and not envying the neighbors for whatever they have.
Kids are our future- we have been brain-washed- break the cycle- teach our children to think for themselves and make the right choices for the earth and their own health.
It talked about how we, as Americans, are so materialistic, consumeristic and controlled by marketing. Marketing is a multi-billion dollar industry. Every company, indusrty or products needs marketing experts to convince us WE MUST HAVE THIS OR WE WON'T BE.. (Happy, Healthy, Safe) you pick the adjective.
What we fail to realise is you can not BUY a new you! Everyone takes the new year to start to re-build things about them that they don't like (I need a diet, I am too fat, I need a HDTV because TV signals are changing in Feb, I need this vitamin to have more energy) We are all looking for a magic pill. We have all been brainwashed into believing that there is a magic pill to fix us and make us perfect. But in reality, in order to become a better person, to improve our character or have a more spiritual life you have to live it, pray it, study it, and all that you need to do it you probably already have in your house.
There is so much marketing has done to break up the "american family" and many of the traditional values. We have been convinced we do not have any time! But I think we have always had 24 hours in a day- so the time is the same- we have just been convinced otherwise. Woman have been liberated from the kitchen- because food is now "convient"- pre-cooked, pre-made and over processed. But no one know WHAT the heck we are eating. Woman and girls do not know how to cook, even the basics anymore. And if you cook- it is considered "wasting time".
Marketing has convienced us that we do not have time to cook, to sit down as a family and eat dinner together. The marketing has told us convience is key! Here, just microwave this 'stuff', eat it without enjoying the taste, and throw all that packaging into the landfil. Yea America!
$32 billion per year is spent on marketing in the food industry- not on development, safety checks, or the food itself- but on marketing it.. they tell us WHAT to eat and HOW much to eat. Have you even looked at packaging? Many are now bigger but without telling you there are now 2 serving in there! Oh but they'll charge you more- but won't tell you save half for after lunch tomorrow-- no, no, eat it all you piggy and come back tomorrow and buy another bag.
I may seem harsh but as I read into all of this it just makes me angry that I feel like we just don't have a say anymore in what in "normal". I really want to instill in my kids that food is to be enjoyed-- my daughter loves to cook with me- and I am soo happy for that. I don't ever remember cooking with my mom. We sit down to a family dinner every night and for family lunches on the weekends too! We sit and enjoy each other's company and take time to enjoy the food. Kids today have way too many "empty calories"- my kids are no exception. I started in the last year or so to work to show them "real food" vs. "empty food". I would grow my own garden, but I really do have a black thumb- and every attempt I make to grow anything fails.
Our family goal this year is to eat healthier. And by that I do not mean Convience Food good- but really, good- natural, from scratch and if possible- go organic or at least partially organic. I am a product of this marketing- overweight, envious of what I see on TV, eating "supersized" foods, fast food and snack foods. I grew up in it and it did me no favors.
In the article I read it gave an example of how we are "robbed" by marketing. I may not have the prices exact but they are close. It said that a 1 pound bag of oats cost about $.69 for a framer to grow and harvest. This same bag of oats may sell in the store for about $.99/lb. BUT if you take these same oats and you shape them into circles and put them in a yellow box that says Cheerios- you can charge $4.00 for about 12ounces of oats (not even a full pound). Now, if the marketers can convince you that you have no time to sit down with a bowl and milk is so messy-- well , we'll put those oats with some white-stuff - we'll call "milk" and create a cereal bar you can eat in the car. Now,they can charge you $5 for 8 bars which all combined now only have about 6 ounces of actual oats in them and a bunch of over processed stuff they are calling "milk". The more they process the food the more they can charge and the more they can convince us we need this convience the more they will charge. At this point they have even convienced us that a bar takes too long to chew - but a cereal straw (which probably doesn't even have an oat in it and tastes like cardboard) is what your kid MUST HAVE.
Anyway- that post got me thinking and that thinking made me angry but also made me think I am doing the right things to make the most for my kids. We have also been convinced by marketing that we must have 2 incomes to raise a family, when really if you use your money right and you don't fall for the marketing that we must keep up with the Jones'- then you can live quite comfortably with Mom at home to raise the kids and make sure they are eating right, playing outside and not envying the neighbors for whatever they have.
Kids are our future- we have been brain-washed- break the cycle- teach our children to think for themselves and make the right choices for the earth and their own health.
Anaylsis of bulk-shopping
I have been going to BJ for most of my grocery shopping since the end of the summer. My sister and I joined together (actually she "treated me" to membership). But it makes sense to join with a friend. The memebership costs $40 and you get 2 membership cards, which can have 2 different names on them and they don't even need to be related. So for my sister's $40 I got a card and she got a card.
My first trip to BJ's was in August and my sister paid- and since she paid- I am not counting it. I will begin my analysis from my first solo trip at the end of Sept. So my analysis will be over about 4 months from Sept. 22-Jan. 14 (I have already gone shopping and won'tbe going again until I get paid on the 15th, so my numbers include all I will by until then).
I have 2 side notes before I begin. One, at my first trip toBJ's my head was spinning with prices and units and unit prices- after 2 years of carefully tracking my groceries I know what is and what is not a good unit price for items I usually buy. I was skeptical- not thinking it could beat generic prices at Walmart. Before BJ's, I spent an avearge of about $105/week at Walmart buying food and a few "impulse" buys. A big drawback for me at walmart is I tend to buy other non-food items that then get factored into my food busget even thougth they are not food. Second, Some things are not cheaper at BJ's and since they buy only the Top Sellers- they do not carry alot of variety- so some things I need I can not get there. I do not buy bread, pretzels, 2 liter bottles of soda, Cat food, or ice cream at BJ's. Why? Bread, soda, pretzels & ice cream at cheaper at both Walmart and Shop Rite. And the cat food my cat needs- is not sold at BJ's - I usually buy it at Shop Rite.
Here are the crazy numbers. Do not think I am crazy for having this- I track EVERYTHING!! How else can I make an informed decision if I do not have the information.
I started on 9/22 & hoped to make it 3 weeks before returning to BJ's
9/22- $209.94 @ BJ
9/26- $22.07 @ Shop Rite
9/27- $27.88 @ Shop Rite (not all food- 2 b-day cards,a bat mitzvah card& chips to take to hang with friends)
9/30- $14.19 @ SR
10/3- $7.07 @ SR (ice cream splurge-better than spending $20 at Wally's for everyone)
10/5- $28.49 @SR
Total for 3 weeks: $309.64 == $103.21/week-
**If not for ice cream splurge and trip to get cards and chips.. total would have been $274.69 or $$91.56/week**Not bad for a first time- without the two "extra trips" to SR- I was under my average Walmart weekly spending by about $15/wk or $60/month.
Starting on 10/11 and hoping to make it 4 weeks this time!!
10/11- $196.00 @BJ
10/12- $37.19 @ SR
10/21- $27.53 @ SR
10/24- $40.54 @ SR
10/27- $30.81 @ SR (included our large pumpkin to carve for Halloween)
11/2- $59.14 @ BJ
Total: $391.21 for 4 weeks== $97.80/week
This is a savings of about $10/wk or $40/month.. NOT BAD considering it appears to not only save me money but also TIME!! Although it looks like there are alot of trips to SR they are quick- run in and out trips not hour-long grocery shopping. And the few times I have been to BJ's there are never any lines- so checkout is a breeze- compared to Walmart's standard checkout time of about 40 minutes. So saving money and A TON OF TIME! (my best guess is I saved about 5hours this month by bulk shopping)
But I do find it hard to have $200 once a month- our budget is truely paycheck to paycheck- so pulling that much out of one paycheck hurts that single week.. so at this point I changed to continuing to shop at BJ's but stagger our needs so I would go there every 2 weeks- or about $100 out of each paycheck, which is a smaller hit.
So here's how that went..
Started on 11/9.. planning to make it 2 weeks.
11/9- $146.92 @BJs
11/11- $18.14 @ SR
11/16- $23.89 @ SR
Total for 2 weeks : $188.95 == $94.47/week... about what we had been spending..good so far!
Again looking to buy food for 2 weeks.
11/22- $78.80 @ BJs
11/26- $63.79 @ SR (Thanksgiving stuff and Snacks/drinks for car ride to Hershey)
11/28- $25.36 @ SR (last minute Thanksgiving stuff)
12/1- $94.28 @ SR (UGH! Could have saved money I am sure by getting this stuff at BJs)
12/5- $54.72 @ SR
Total: $316.95 for 2 weeks=== $158.47 /week!! EEEKKK!!! What the f..?
Ok, some of that was for Thanksgiving and some "convience foods" for the car trip, but really I think most of it was "lack of time and planning" and I could have done better to get some of that stuff I bought at Shop Rite at BJs. This is why planning and staying organized saves money. UGH!!
Oh- but it only gets worst from here... the holidays, the lack of time, rushing not thinking.. deadly combination... oh my aching budget...
The next trip to BJ's should last us 3 weeks right up until shopping for Chirstmas dinner.
12/6 - $326.26 @BJs (BUT.. this included 3 Xmas gifts, sprinkles and cookie stuff for our Holiday baking with Laura and a gingerbread kit for another December Friday) The actual total for GROCERY stuff was $ 273.88.. so for 3 weeks that works out to $91.29/wk-- or right on budget!
I did go to BJ's for Christmas dinner stuff but that is not part of my fammily grocery budget so I am not including that receipt. My FIL also reimbursed us $60 towards Christmas dinner. We lived on the left overs from that dinner for a few days.
I finally went back to BJ's last week and I am hoping this will make it until January 15th.
12/30- $ 139.99 @ Bjs
12/30- $ 21.31 @ SR
Total: $ 161.30 for 2 weeks== $80.65/week -- WAY UNDER BUDGET!!
So my final analysis.. BJs saves me money but also does sooo much more! I save, on average $15/wk or $60/month. But I also spend about 5 less hours per month in the stores. I also spend almost no time watching sales flyers, clipping coupons and looking for great deals- which I did religiously in order to stay at my $105/wk budget at Walmart. I also get Name Brand items when at Walmart I was almost always buying generic. I do not have any problem with generic products, in fact I find them to be as good as the name brands- but name brands give extras like "box tops for education" which my kids' schools collect and run raffles for those who bring in box tops. For every 5 box tops you bring in you get a chance to win a $50 target gift card. They run this raffle every quarter of the school year. So hey, I could even win a gift card!
My Goals for this for 2009-- are to continue what I am doing! I like BJs! I do have a few small changes- I am going to aim for under $90/week, but still buying every 2 weeks, which works well for our budget. I am also going to try to do more cooking from scratch- and buying less "convience" foods which aren't that healthy or cost effective. I am hoping that our Healthy eating and cooking from scratch will help me keep to under $90/week. Buying staples such as flour, butter, eggs, milk, sugar etc.. instead of cookies, snackcakes, and other muchies. Better for our budget and better for our health!
My first trip to BJ's was in August and my sister paid- and since she paid- I am not counting it. I will begin my analysis from my first solo trip at the end of Sept. So my analysis will be over about 4 months from Sept. 22-Jan. 14 (I have already gone shopping and won'tbe going again until I get paid on the 15th, so my numbers include all I will by until then).
I have 2 side notes before I begin. One, at my first trip toBJ's my head was spinning with prices and units and unit prices- after 2 years of carefully tracking my groceries I know what is and what is not a good unit price for items I usually buy. I was skeptical- not thinking it could beat generic prices at Walmart. Before BJ's, I spent an avearge of about $105/week at Walmart buying food and a few "impulse" buys. A big drawback for me at walmart is I tend to buy other non-food items that then get factored into my food busget even thougth they are not food. Second, Some things are not cheaper at BJ's and since they buy only the Top Sellers- they do not carry alot of variety- so some things I need I can not get there. I do not buy bread, pretzels, 2 liter bottles of soda, Cat food, or ice cream at BJ's. Why? Bread, soda, pretzels & ice cream at cheaper at both Walmart and Shop Rite. And the cat food my cat needs- is not sold at BJ's - I usually buy it at Shop Rite.
Here are the crazy numbers. Do not think I am crazy for having this- I track EVERYTHING!! How else can I make an informed decision if I do not have the information.
I started on 9/22 & hoped to make it 3 weeks before returning to BJ's
9/22- $209.94 @ BJ
9/26- $22.07 @ Shop Rite
9/27- $27.88 @ Shop Rite (not all food- 2 b-day cards,a bat mitzvah card& chips to take to hang with friends)
9/30- $14.19 @ SR
10/3- $7.07 @ SR (ice cream splurge-better than spending $20 at Wally's for everyone)
10/5- $28.49 @SR
Total for 3 weeks: $309.64 == $103.21/week-
**If not for ice cream splurge and trip to get cards and chips.. total would have been $274.69 or $$91.56/week**Not bad for a first time- without the two "extra trips" to SR- I was under my average Walmart weekly spending by about $15/wk or $60/month.
Starting on 10/11 and hoping to make it 4 weeks this time!!
10/11- $196.00 @BJ
10/12- $37.19 @ SR
10/21- $27.53 @ SR
10/24- $40.54 @ SR
10/27- $30.81 @ SR (included our large pumpkin to carve for Halloween)
11/2- $59.14 @ BJ
Total: $391.21 for 4 weeks== $97.80/week
This is a savings of about $10/wk or $40/month.. NOT BAD considering it appears to not only save me money but also TIME!! Although it looks like there are alot of trips to SR they are quick- run in and out trips not hour-long grocery shopping. And the few times I have been to BJ's there are never any lines- so checkout is a breeze- compared to Walmart's standard checkout time of about 40 minutes. So saving money and A TON OF TIME! (my best guess is I saved about 5hours this month by bulk shopping)
But I do find it hard to have $200 once a month- our budget is truely paycheck to paycheck- so pulling that much out of one paycheck hurts that single week.. so at this point I changed to continuing to shop at BJ's but stagger our needs so I would go there every 2 weeks- or about $100 out of each paycheck, which is a smaller hit.
So here's how that went..
Started on 11/9.. planning to make it 2 weeks.
11/9- $146.92 @BJs
11/11- $18.14 @ SR
11/16- $23.89 @ SR
Total for 2 weeks : $188.95 == $94.47/week... about what we had been spending..good so far!
Again looking to buy food for 2 weeks.
11/22- $78.80 @ BJs
11/26- $63.79 @ SR (Thanksgiving stuff and Snacks/drinks for car ride to Hershey)
11/28- $25.36 @ SR (last minute Thanksgiving stuff)
12/1- $94.28 @ SR (UGH! Could have saved money I am sure by getting this stuff at BJs)
12/5- $54.72 @ SR
Total: $316.95 for 2 weeks=== $158.47 /week!! EEEKKK!!! What the f..?
Ok, some of that was for Thanksgiving and some "convience foods" for the car trip, but really I think most of it was "lack of time and planning" and I could have done better to get some of that stuff I bought at Shop Rite at BJs. This is why planning and staying organized saves money. UGH!!
Oh- but it only gets worst from here... the holidays, the lack of time, rushing not thinking.. deadly combination... oh my aching budget...
The next trip to BJ's should last us 3 weeks right up until shopping for Chirstmas dinner.
12/6 - $326.26 @BJs (BUT.. this included 3 Xmas gifts, sprinkles and cookie stuff for our Holiday baking with Laura and a gingerbread kit for another December Friday) The actual total for GROCERY stuff was $ 273.88.. so for 3 weeks that works out to $91.29/wk-- or right on budget!
I did go to BJ's for Christmas dinner stuff but that is not part of my fammily grocery budget so I am not including that receipt. My FIL also reimbursed us $60 towards Christmas dinner. We lived on the left overs from that dinner for a few days.
I finally went back to BJ's last week and I am hoping this will make it until January 15th.
12/30- $ 139.99 @ Bjs
12/30- $ 21.31 @ SR
Total: $ 161.30 for 2 weeks== $80.65/week -- WAY UNDER BUDGET!!
So my final analysis.. BJs saves me money but also does sooo much more! I save, on average $15/wk or $60/month. But I also spend about 5 less hours per month in the stores. I also spend almost no time watching sales flyers, clipping coupons and looking for great deals- which I did religiously in order to stay at my $105/wk budget at Walmart. I also get Name Brand items when at Walmart I was almost always buying generic. I do not have any problem with generic products, in fact I find them to be as good as the name brands- but name brands give extras like "box tops for education" which my kids' schools collect and run raffles for those who bring in box tops. For every 5 box tops you bring in you get a chance to win a $50 target gift card. They run this raffle every quarter of the school year. So hey, I could even win a gift card!
My Goals for this for 2009-- are to continue what I am doing! I like BJs! I do have a few small changes- I am going to aim for under $90/week, but still buying every 2 weeks, which works well for our budget. I am also going to try to do more cooking from scratch- and buying less "convience" foods which aren't that healthy or cost effective. I am hoping that our Healthy eating and cooking from scratch will help me keep to under $90/week. Buying staples such as flour, butter, eggs, milk, sugar etc.. instead of cookies, snackcakes, and other muchies. Better for our budget and better for our health!
Friday, January 2, 2009
Frugality is a Trendy Lifestyle Choice
The process of becoming Frugal doesn't happen overnight. Just like a journey of 1000 miles starts with one step. So does any change you make to yourself and your lifestyle. No one changes overnight. So don't beat yourself up if you can't do it all, everytime.
The changing ecomony has caused troubling financial times for many. Lots of people are now looking to make every dollar count. Being Frugal has gone Mainstream. I have been doing the "in thing" even before it was "in". I feel so trendy.
As many look to change how they view money, it can be frustrating to try to change too many things at once. You are setting yourself up for failure. I once read somewhere that you shouldn't try to save money and lose weight at the same time. You won't be able to be successful at both simulateously because they are both require significant changes and long-term commitments. You need to choose one thing- focus on it until it becomes the "normal routine" and you can accomplish it with out thinking too much about it. Them move onto the next big change.
Over my 2 years of being frugal I have made minor changes, little-by-little. It has made the change easy. I always say it is easy to be frugal- I think because by making small changes one or two at a time, there was no BIG/Difficult undertaking to overcome. As I continue in my Frugal Journey I think of each change as just one more step in my journey of 1000 miles.
The best place to start in the frugal world is to track your money for at least one month. Write everything down that you spend money on- everything! That morning paper, the cup of coffee, the candy candy bar from the vending machine and your bigger expenses like rent and your electric bill . Once you have a full month of "money watching" written down. You need to analyse what you spent money on. Many people can tell you that last month their electric bill was $82 but if you asked what they spent eating out- they can't - or at best can give you a ballpark figure- but in reality have no idea. When you write it all down you can see where those "leaks" are -where the money keeps going that you don't realise. Once you have all the numbers - take some time and look at all those things you spent money on, make categories (eating out, entertaining, gas, clothing, medical prescriptions etc..) and then you can see where you might be able to make cuts. Or you may be surprised at how much you are spending in certian areas.
When I did this, I though I knew where my money was going and where it was "being wasted". After I added up all my numbers that first month. I realised I was spending a fortune on groceries. ($600 that month). The next month I took a better look at my grocery shopping. I realised that if I just bought what was on my list I really only needed to spend about $125/wk- not $150. That "extra $25" was on "inpulse" buys. You know when you get there and you see something marked down and think-"well... it's on sale and we all like this.. so I'll get 3!" I also picked up more non-grocery items, like maybe a DVD. I tried to change this by making a list and sticking to it. The next month I did better, but not perfect. I spent less but still had trouble staying to ONLY the list. When paying with a credit card or debit card- it is easy to go over the planned $ amount. The next month I did a "cash only" grocery shopping for one month. I only took $120 in cash each week with me for groceries. This worked well- but was inconvient. It also highlighted a HUGE hole in our budget. I did not always have enough CASH to pay for $120/wk in groceries. I realised that in reality I put about half of my groceries each month on credit cards!! One of my first true "A-HA!" moments in dealing with our budget. I realised that I would need to lower my grocery budget even further (which didn't seem possible at the time) so it showed me we really needed to cut something somewhere ELSE! and ASAP!
So try it for one month. Track EVERY PENNY! And don't lie- you're only really lying to yourself.
For some- this may seem tedious. But to make it easy stick up a sheet of looseleaf on the fridge and each night when you get home write down everything you bought. (how much you spent and what you spent it on). It doesn't need to be neat- legible- but not neat. Dates are not required. If you fill up that sheet of looseleaf- flip it over or start another one. Do it everynight- or you'll surely forget something. Remember- if you "cheat" you are only lying to yourself. And you deserve better than that!
After the holidays this year- my grocery budgets have been crazy!! I write down all my grocery reciepts because I am still trying to figure out if Bulk-buying at BJ's is saving me any money. It is definately saving me time- and is way more convient that my ususal shopping at Wal-mart. But I have yet to truely decide how much it is saving me. I do know it is not costing me MORE than I was spending at wal-mart. I will save all the numbers for another post- this one is getting long. But I do want to analyse how my BJ shopping is going.
The changing ecomony has caused troubling financial times for many. Lots of people are now looking to make every dollar count. Being Frugal has gone Mainstream. I have been doing the "in thing" even before it was "in". I feel so trendy.
As many look to change how they view money, it can be frustrating to try to change too many things at once. You are setting yourself up for failure. I once read somewhere that you shouldn't try to save money and lose weight at the same time. You won't be able to be successful at both simulateously because they are both require significant changes and long-term commitments. You need to choose one thing- focus on it until it becomes the "normal routine" and you can accomplish it with out thinking too much about it. Them move onto the next big change.
Over my 2 years of being frugal I have made minor changes, little-by-little. It has made the change easy. I always say it is easy to be frugal- I think because by making small changes one or two at a time, there was no BIG/Difficult undertaking to overcome. As I continue in my Frugal Journey I think of each change as just one more step in my journey of 1000 miles.
The best place to start in the frugal world is to track your money for at least one month. Write everything down that you spend money on- everything! That morning paper, the cup of coffee, the candy candy bar from the vending machine and your bigger expenses like rent and your electric bill . Once you have a full month of "money watching" written down. You need to analyse what you spent money on. Many people can tell you that last month their electric bill was $82 but if you asked what they spent eating out- they can't - or at best can give you a ballpark figure- but in reality have no idea. When you write it all down you can see where those "leaks" are -where the money keeps going that you don't realise. Once you have all the numbers - take some time and look at all those things you spent money on, make categories (eating out, entertaining, gas, clothing, medical prescriptions etc..) and then you can see where you might be able to make cuts. Or you may be surprised at how much you are spending in certian areas.
When I did this, I though I knew where my money was going and where it was "being wasted". After I added up all my numbers that first month. I realised I was spending a fortune on groceries. ($600 that month). The next month I took a better look at my grocery shopping. I realised that if I just bought what was on my list I really only needed to spend about $125/wk- not $150. That "extra $25" was on "inpulse" buys. You know when you get there and you see something marked down and think-"well... it's on sale and we all like this.. so I'll get 3!" I also picked up more non-grocery items, like maybe a DVD. I tried to change this by making a list and sticking to it. The next month I did better, but not perfect. I spent less but still had trouble staying to ONLY the list. When paying with a credit card or debit card- it is easy to go over the planned $ amount. The next month I did a "cash only" grocery shopping for one month. I only took $120 in cash each week with me for groceries. This worked well- but was inconvient. It also highlighted a HUGE hole in our budget. I did not always have enough CASH to pay for $120/wk in groceries. I realised that in reality I put about half of my groceries each month on credit cards!! One of my first true "A-HA!" moments in dealing with our budget. I realised that I would need to lower my grocery budget even further (which didn't seem possible at the time) so it showed me we really needed to cut something somewhere ELSE! and ASAP!
So try it for one month. Track EVERY PENNY! And don't lie- you're only really lying to yourself.
For some- this may seem tedious. But to make it easy stick up a sheet of looseleaf on the fridge and each night when you get home write down everything you bought. (how much you spent and what you spent it on). It doesn't need to be neat- legible- but not neat. Dates are not required. If you fill up that sheet of looseleaf- flip it over or start another one. Do it everynight- or you'll surely forget something. Remember- if you "cheat" you are only lying to yourself. And you deserve better than that!
After the holidays this year- my grocery budgets have been crazy!! I write down all my grocery reciepts because I am still trying to figure out if Bulk-buying at BJ's is saving me any money. It is definately saving me time- and is way more convient that my ususal shopping at Wal-mart. But I have yet to truely decide how much it is saving me. I do know it is not costing me MORE than I was spending at wal-mart. I will save all the numbers for another post- this one is getting long. But I do want to analyse how my BJ shopping is going.
2009- A Look Ahead
Ah, a new year, means a Clean Slate.
I don't like to make New Years Resolutions- I never keep them anyway. And as list-maker by nature I prefer to make some New Year's Lists. Any Goals you set should be realistic and yet give you something to strive for.
Some short lists I am working on:
My Financial Goals for 2009
(already posted this one 12/19/08)
My Family Goals for 2009
One Goal this year: To eat better (healthier) and watch portion sizes.
Personal Goals for 2009
Exercise More- hoping to walk the lakes at least 3 nights a week.
Eat better (part of the entire family's goal)
Reconnect with my kids (even though we do alot together- we used to have family game night every friday- which I want to re-establish, and I am hoping that I can take one kid with me on my walks to "catch up" with them)
Organize Our Pictures- Digital and Prints
Set a Daily/ Weekly/ Monthly Routines. (daily is mostly set, but weekly and monthly will be more about keeping my house organized) I enjoy reading stuff over at www.flylady.com but she is TOO organized for me- I didn't think that was possible.
New Frugal Changes I hope to adapt in 2009 (more on this as the year goes on)
Be more meticulous in my record keeping about our finances.
(keeping track helps me be more frugal- make every dollar stretch as far as it can go)
Eat home more/order in less- and avoid convience foods.
(which cost more and don't work with my family goal of healthier eating)
Books I want to Read in 2009 (from simplemom.com)
Your Money or Your Life by Joe Dominques & Vicki Robin
It's All Too Much: An Easy Plan for Living a Richer Life with Less Stuff by Peter Walsh
Last Child in the Woods: Saving our children from Nature-Deficit Disorder by Richard Louv
For Woman Only: What you need to know about the Inner Lives of Men by Shaunti Feldhahn
The 7 Habits of Highly Effective Families by Stephen R. Covey
Just some things I have rolling around in my head....
Hope some get you thinking of your own lists.
I don't like to make New Years Resolutions- I never keep them anyway. And as list-maker by nature I prefer to make some New Year's Lists. Any Goals you set should be realistic and yet give you something to strive for.
Some short lists I am working on:
My Financial Goals for 2009
(already posted this one 12/19/08)
My Family Goals for 2009
One Goal this year: To eat better (healthier) and watch portion sizes.
Personal Goals for 2009
Exercise More- hoping to walk the lakes at least 3 nights a week.
Eat better (part of the entire family's goal)
Reconnect with my kids (even though we do alot together- we used to have family game night every friday- which I want to re-establish, and I am hoping that I can take one kid with me on my walks to "catch up" with them)
Organize Our Pictures- Digital and Prints
Set a Daily/ Weekly/ Monthly Routines. (daily is mostly set, but weekly and monthly will be more about keeping my house organized) I enjoy reading stuff over at www.flylady.com but she is TOO organized for me- I didn't think that was possible.
New Frugal Changes I hope to adapt in 2009 (more on this as the year goes on)
Be more meticulous in my record keeping about our finances.
(keeping track helps me be more frugal- make every dollar stretch as far as it can go)
Eat home more/order in less- and avoid convience foods.
(which cost more and don't work with my family goal of healthier eating)
Books I want to Read in 2009 (from simplemom.com)
Your Money or Your Life by Joe Dominques & Vicki Robin
It's All Too Much: An Easy Plan for Living a Richer Life with Less Stuff by Peter Walsh
Last Child in the Woods: Saving our children from Nature-Deficit Disorder by Richard Louv
For Woman Only: What you need to know about the Inner Lives of Men by Shaunti Feldhahn
The 7 Habits of Highly Effective Families by Stephen R. Covey
Just some things I have rolling around in my head....
Hope some get you thinking of your own lists.
Thursday, January 1, 2009
2008- A Look Back
A look back at 2008- a few key things I rememebr that stand out from last year:
1) money was tight
2)truely began living the Frugal lifestyle- partically out of need/partically because I liked it
3) Too many expensee- not enough income. To fill up the car cost $110 (every week) all of May and June!! UGH!!!
4) Cracked rear axil--too many car problems.. but then a new car (generously given!!)
5) Loving the new car- which in Sept cost $45 to fill up- -by Dec 31st cost $22. to fill up!
6) Loved a free-family trip to Hershey Park at Thanksgiving.
7) Enjoyed a great Christmas with everyone!!
One of my 2008 Favorite Frugal changes-
Stop using paper towels - switched to cloth napkins and dish towles instead (Love this!)In the last year this has saved us $175! And took nothing to make the change- really easy.
1) money was tight
2)truely began living the Frugal lifestyle- partically out of need/partically because I liked it
3) Too many expensee- not enough income. To fill up the car cost $110 (every week) all of May and June!! UGH!!!
4) Cracked rear axil--too many car problems.. but then a new car (generously given!!)
5) Loving the new car- which in Sept cost $45 to fill up- -by Dec 31st cost $22. to fill up!
6) Loved a free-family trip to Hershey Park at Thanksgiving.
7) Enjoyed a great Christmas with everyone!!
One of my 2008 Favorite Frugal changes-
Stop using paper towels - switched to cloth napkins and dish towles instead (Love this!)In the last year this has saved us $175! And took nothing to make the change- really easy.
HAPPY NEW YEAR!!
Hello All!
Happy New Year!!
Hope you have gotten off to a great start.
I will postt some of my Goals for myself in the next few days.
I have also decided to take the "30Days of Nothing" challenge. I explain soon.
Happy New Year!!
Hope you have gotten off to a great start.
I will postt some of my Goals for myself in the next few days.
I have also decided to take the "30Days of Nothing" challenge. I explain soon.
Subscribe to:
Posts (Atom)
Posts
