
As you may have read, we are celebrating being
debt-free in our house. 22 months of intentionality created a new playing field in the game of our personal finances. Many have since asked, “Do you still follow the same spending model?” Simply: YES! It’s far from over for us. Some of the highlights of our next steps include:
- Saving a 3-6 month emergency fund
- Aggressively contributing to our retirement
- Funding Beanie’s college education
- House projects paid with cash (adding a deck, finishing the basement, etc.)
- Purchasing a new car (paid for in cash)
- Going on a tropical vacation : )
- Paying off the house
Maintaining our plan means we still use sweet, cold, green cash. When the process first started for us, I used to dread the end of month. I would walk over to the accordion file, pull out the remaining money from our food/Target budget, hang my head, and think, “HOW am I going to make delicious, healthy meals with THIS?” (Enter violins)
Then I got over myself. This was a challenge waiting to happen and I can’t let a good challenge pass me by! Today, I skipped over to the accordion, pulled out the last $29 and as I rubbed my hands together, I cackled and said, “What, oh what, delicious mess will I make this week?” You have to understand that $29 must last from Saturday to Friday for both Justin and I for breakfast, lunch and dinner. I looked in the fridge, freezer and cupboard at what we already had and determined we really only needed some staple items: fruit, veggies, milk and cereal.
Thanks to my mom, we have a Costco membership. I purchase our meat in bulk and it lasts us months. It’s true, I’m the girl who buys a 10 pound bag of frozen chicken, the 30-pack of brats and the 10 pounds of ground turkey. I do, I do, sue me. But it saves us so much money in the long run. I have yet to sacrifice our health for our budget. These aren’t crap chicken parts and the rump of the turkey. It’s all quality stuff. I won’t buy it unless it meets certain criteria – bulk or not.
We also use coupons. The trick to clipping coupons is only clipping and using them on items you would normally purchase and use. If you can save 75 cents on an item you would never otherwise purchase and you purchase it, who cares if you saved 75 cents? You just spent an extra $3! I had $2 worth of coupons today - 1 for milk and 1 for cereal.
One of the tricks to keeping your grocery bill low is to keep your cart along the outside aisles. The minute you go down the middle aisles, you're dealing with more processed food. Your basics - produce, dairy, meat - will always be along the outside. You know what's in the inside aisles - the chips and crackers and cookies... the items you'll spend $3 on to save 75 cents! STAY OUT!
I left the market today satisfied with our food plans for the week, and with $5 in hand. Our bill was only $23 and change. That $5 then goes into our next month’s food/Target budget so we take $5 less out of our account for July.
I have met so many young adults lately who have asked about our process and how we do it now. The process is life changing and it is within reach for every individual and family out there.
In fact, as I got into my car, I looked at the remaining $5 and said aloud, “I own you paper, ya' know that? You don’t own me. I own YOU!”
My hard and fast rules:
- Use cash. It will force you to purchase what you need, not what you want.
- Have a list - never enter the store unprepared.
- Steer clear from the center.
- Use coupons.
Sweet, sweet freedom.
Do you have tips to save money when buying groceries? Let's hear them!