Putting Some Away - How To Spend Less And Keep More
We are
all victims of the paycheck blues. Every two weeks we check our pay
stub, get our check in hand or check our bank account - then go
shopping. By the end of the weekend, we are stocked up somewhat, but
our bank is dry, and again - we hit the blues.
One way
to avoid the blues is to reduce or spend better when buying our
groceries. Did you know that a family's groceries can be the largest
expense outside of rent or a mortgage? On average, if you earn $700
a pay period, you'll spend a 3rd of that, almost $250 on groceries
alone.
So how
to reduce and rein in your spending? By doing a few simple things
regularly you can save yourself a few dollars here, a ten-spot
there, and by the end of 3 months, you can have a nice little bundle
to use for a treat or to pay off a nagging bill or two.
1 - Buy in bulk. Wherever possible, buy
is bulk, buy lots, and store it. One thing that kills a lot of bank
accounts is always running out to the store to buy one or two
forgotten things. Because you always buy something on impulse at
those times. Take Pasta for example - it's used is just about very
American household at least 2 times a week, possibly more. If you go
for pasta when it's cheap and on sale, and buy a bunch. Dry pasta
can be stored for 6 months before spoiling, and that's a long supply
to hold if you buy it wisely. Then you don't have to rush out when
you have a dinner party and want spaghetti or lasagna - the pasta is
there, and buying it in bulk, you can often save between $1 - $3 a
box.
2 - Keep a price book with you. As you
shop - write down the prices as you pick out your groceries. The
next time, compare and smart shop to ensure that you keep at the
same pricings that way you stay on your same budget and you can
afford to get more for the same money. That always feels good. Also,
note down if something you use often is on sale, that way you can
keep track of it, and when it hits a sale price again, buy it in
bulk and stock up until next time.
The
most important thing to do is to commit yourself to maintain the
habit. Normally it take about 6 weeks to break a habit or to form a
new one. So be consistent, be firm, and keep at it. The longer you
do, the more you will save and have to spend on other things. By
using the price log book, you can keep track not only of the prices
of things, but of your own spending, and stop the impulse buying
that forces most of us to live paycheck to
paycheck.