February 12, 2011
Week 2 - No Spend Month - Update
But I encountered some great deals last week and this week so I went ahead and stocked up. I have spent the grocery budget for the month and then some - $163.00. Where did it go? That great deal on hamburger last week at 80 cents a lb. This week it was deli ham for $1.25 lb. for my hubby's lunches. I bought 12 lbs. Then I encountered an unadvertised sale of ground pork for only $1.50 a lb. I stocked up. Butter was $1.99 lb. so I stocked up and stashed some in the freezer. Pure grapefruit juice was on sale for 99 cents for 64 oz.
Yes, I buy a lot of meat and I keep it in my freezer. With the prices of meat going up, when I encounter a great deal, I buy what I can fit in my freezer at that time. I triple wrap the meat and I have never had any meat get freezer burn. Right now I know that I have a year's supply of meat and I also have plenty of meat for meals to fix for church family that are sick and for other meals to give away.
What did I do to accommodate this and still meet my goal? I cut back on other variable spending areas in our budget to bare bones. I will have to be extra careful with gasoline in my vehicle. I have half a tank and I should be able to make it last to the end of the month, if I am careful. It costs $36 to fill it up so I will save $36.00 by stretching the 1/2 tank of gas.
I had planned for us to eat out on Valentine's day using a restaurant coupon but instead our Valentine's day dinner will be spent on a meal that I will fix for my family. I have some nice steaks in the freezer and as for a special treat, I am going to make my own homemade "Mounds" candy. The recipe uses powdered sugar, mashed potatoes and coconut mixed together and then refrigerated and dipped in chocolate. I have the ingredients on hand and I also will bake some butter cookies cut in the shapes of hearts. So, I should save about $20.00 there.
I saved $40.00 on paint for my entryway. I will post about that tomorrow. Just need to add that on the day I overspent on groceries, I found a way to cut back on the amount I budgeted for paint. It involved a change in color scheme, that I like even better than what I originally picked out.
There are other things I will do as the opportunity arises. But I have tweaked things enough to increase my savings another $50.00 for a total of $75.00 saved so far. My goal is $200.00.
I have to say that I didn't want to post this as it would look like a fail as to February being a No Spend Month for me. After all by the time the month is over, I will have overspent my grocery budget by $80.00. However, I am making it work. I am finding ways to cut back in other areas to make up for it.
That's what we do. We don't give up, we go to plan B and we make things work.