It was a great week for the budget – we ended the week with 50% of our weekly money unspent. I attribute this to meals at home, no trips to CVS, no checks for school events, no haircuts. Not every week can be this way, but we took advantage and put most of the surplus into savings.
- Ordered school supplies for next year. When I order early, I receive a discounted price. The biggest savings comes from staying away from Target in August when there are so many temptations! We set money aside for the school supplies a few months ago.
- Had one day this week where we bought nothing and I didn’t drive anywhere.
- Stuck to our meal plan this week and only needed $ 65.00 in groceries
- Got some Johnsonville Cajun Chicken Sausage for .78 double couponing. This will be enough for 2 meals. Now I am seeking an easy recipe for jambalaya.
Planning for the future:
- Started a frugal meal plan for next week to minimize grocery expenses because we have lawnmower and car maintenance scheduled. These costs ($ 100.00) have not been separately budgeted for, so we may be looking at a week where all or most of our weekly money is spent and there is no surplus to allocate. By having a “cheap week” we avoid having to borrow from our savings to cover weekly expenses. If you are a Dave Ramsey fan you call this “getting on the beans and rice.”
- Husband expressed wish to add a budget category called ‘Work Expense’ for retirement gifts, going-away party refreshments, etc. We will add $5.00 or $10.00 to this fund when we do not spend all of our weekly money and build it up.
- Discussed a summer weekend trip we have budgeted for but we now believe we need to allocate additional money to cover museum entrance fees. We moved some of the surplus money from this week to the trip fund.
It is hard for me to imagine life without a written budget, especially when you have two people spending money. The budget takes all the purchases we have each made (and yes, that includes cash too) and funnels them into one picture.
I would love to hear how your week went and about any financial planning you did for the weeks ahead.