Category Archives: Frugality

TGIF Link Round Up: Frugal fun edition

This is the beginning of our second weekend living on a limited cash budget. I’m amazed at how smoothly things are going so far, and how inspired we’ve been at entertaining ourselves. Weekends have always been the cause of most of our money hemorrhages. The temporary “vacation” mindset of the weekend would lead us to overspend, and I would dread looking at the budget come Monday morning.

Now that we’re living on cash only, I know exactly what we’re spending, so I don’t dread Monday morning so much. I’m free to enjoy our weekends a lot more without budget anxiety. We’ve also been a lot more creative about entertaining ourselves. Instead of heading out and spending money, we’re looking for frugal, active things to keep us occupied. We don’t have any plans for this weekend yet, but I’m excited to see where it takes us.

Most importantly, we’ve learned that we don’t always have to be doing something or spending money to stay entertained. We’ve both been doing a lot of reading, watching movies we haven’t seen in a long time, spending time at the library, and going outside. It’s been surprisingly fun, and incredibly frugal.

And now for some interesting links:

I’m off to enjoy another frugal summer weekend. I can’t wait to share our successes with you on Monday. Happy Friday!

No spend alternatives to our favorite summer activities

summer
Photo by lonebluelady

We’re only in the second week of our no spend summer, and we’ve already hit some challenges and setbacks. Even though we know it’s worth it, limiting our spending has been really tough. It’s a challenge to keep ourselves from feeling deprived and losing motivation.

There are some things that I associate with summer that we’ve had to give up. Because we miss them, we’re thinking of no spend alternatives to the summer activities we love.

Movies and popcorn

What’s summer without blockbusters? Though we sometimes catch a matinee at the cheap theater for $5.50 a ticket, we still miss the fun of the big screen with a bucket of popcorn. Check your city’s events calendar and see if they’re offering free screenings of classic movies. Our city screens family movies in a park every Sunday night for free. If your city doesn’t offer anything like that, add a little extra fun to family movie night by popping homemade popcorn on the stovetop.

Going out for ice cream

Nothing says summer like a trip to the ice cream parlor. But gourmet ice cream parlors are way too pricey, and even Dairy Queen can add up. Instead, drive through any fast food restaurant with a $1 menu and pick up an ice cream cone or a sundae. I don’t usually recommend McDonald’s, but their hot fudge sundaes taste just like Dairy Queen, and they only cost $1.

Lunch on a restaurant patio

One of our favorite weekend activities when the weather is nice is dining outside on a restaurant patio. But part of our no spend summer plan is no restaurant meals, period. If you really want to sit outside and enjoy the weather, pack a lunch and a blanket and head to the park or the beach.

Summer concerts

Ever since I was a teenager, summer meant live concerts. But concert tickets can cost a lot of money. Again, check your city’s events calendar for free live music. Our city presents a band downtown every Friday night of the summer for free. The next best thing for us is listening to an album we haven’t heard in a long time all the way through, start to finish. With today’s iPod culture, a lot of people are missing out on the fun of listening to an entire album. We make it a point to put on music and really listen instead of putting it in the background. If there’s money in the entertainment budget, you can even download something you’ve never heard on iTunes for about $10.

Summer vacation

It really is true that you can get out of town, or at least out of the house, without spending a lot of money. Camping at a state park is a great, inexpensive way to get out of the house. If even camping is a stretch for your budget, look at your city through the eyes of a tourist with a stay-cation. Check out the art and history museums near you. See if there are any national historic sites within driving distance. Even if you have to take a day trip to the nearest metropolitan area, a tank of gas is well worth that vacation feeling without shelling out for hotels and restaurants.

Easy ways to cut your grocery spending

grocery-shoppingIt was less than a year ago that I was frustrated with our $85-$100 a week grocery spending. I didn’t feel like we were being extravagant, and yet we couldn’t seem to cut our spending. Looking back, I realize that we were making a lot of mistakes. By making a few simple changes, we’ve cut our spending by $30-$40 a week without feeling deprived. That’s a savings of over $100 a month!

These tips may not apply to you if you’re already living frugally. But if you’re just getting started or you’re struggling to cut high grocery costs, this may be a good place to start.

Plan your meals around the sales.

Every week, we look at the grocery ads for both of the stores in our area. You can do this online at MyGroceryDeals.com. After looking at all of the sales, we plan meals based on what’s on special that week, or we plan to stock up on staples that are on sale to save money in later weeks. Make a list, and stick to it! Impulse purchases are almost always unnecessary.

Stockpile when staple items are on sale.

We cook a lot of chicken-based meals. One of the first things I realized when we started cutting grocery spending is that buying just enough chicken for the week was eating up our budget. If we needed three chicken breasts for the week, we’d pay as much as $4 a pound just to buy what we needed. Now that I stockpile, I’ve realized that chicken breasts go on sale for $1.99 a pound once a month. When that happens, we stock up with 12 or 15 chicken breasts, freeze them in serving sizes, and use it throughout the month. You can do this with other meats as well as non-perishable or freezable staples.

Avoid snacks and other extras.

When I took a good look at our grocery spending last year, I realized that a lot of what we were buying wasn’t for meals. It was extra stuff that may have been on sale or just looked good that we were throwing into the cart. Cutting out these extra purchases will cut your spending and make it easier to avoid snacking at home. In the beginning we cut out everything that wasn’t part of a meal just to get used to the concept of buying only for meals. Now we’ve been able to work healthy snacks back into our grocery trips by shopping the sales and limiting ourselves.

Drink water or iced tea instead of soda.

Seriously. I still struggle with this one because I enjoy drinking a diet soda with dinner, but you can cut your grocery spending by $12-$20 a month just by cutting out soda and packaged beverages.

Clip coupons.

I’ll be honest. I’m terrible at clipping coupons, and this has not been part of my grocery saving strategy. But if you find you have a knack for coupon clipping, you can save a ton by matching coupons with in-store deals. We typically don’t purchase packaged foods, so I’ve found that coupons aren’t very useful for us for groceries.

Add a “leftovers night” to your meal plan.

You can easily cut about $10 a week from your grocery cost by planning for six meals instead of seven. This is also a good way to clear out your refrigerator and avoid wasting leftover food.

Our $50-$60 a week grocery budget is considered pretty high for two people in the frugal world. Many frugal families of four are able to eat well for $30-$40 a week. But we consider groceries to be one of our few luxuries because we love to cook and eat.

What about you? How do you keep your grocery costs down?

Photo by B tal

Frugal date nights for around $10

coffee-and-dessert
Photo by justonlysteve

Now that we’re living on a cash only budget for all of our discretionary expenses, one of the areas we’re really cutting down is entertainment. We still want a little fun money, but we’re limiting our entertainment expenses to about $10 per week.

I’ve been brainstorming some things we can do for about $10 a week instead of going out to eat. It’s funny, but these are already some of our favorite date ideas. By cutting out the restaurant meal beforehand, we’re saving $25-$40 a night.

See a matinee.

I realize that in some places, you can’t even get two tickets to a matinee for $10 anymore. Some theaters offer special discounts on movies that have been out for a while or certain showtimes, though. Our theater offers a discount on the last matinee of the day, which brings the matinee price down from $7 to $5.50 per person, so we always go to that show. Find out if your theater offers any discounts, and plan your trips to the movies around their specials.

Pizza and a movie.

If you can’t go to the movies for $5 per person, then just stay in. Order pizza and pick up a movie at Redbox for a dollar. If you use a promo code, the movie is free. Pizza restaurants like Domino’s and Little Caesars are offering large pizzas for $5, making this a $5 date night instead of $10. If you’re like us and you prefer your homemade pizza to fast food, this date costs even less.

Take a drive.

We love to walk our dog around the neighborhood or our city’s downtown on nice nights. But if you’re tired of the same sights, consider taking a drive to a nearby city in the evening. Try to look at the things you may have seen a hundred times through new eyes, or just enjoy a good conversation. Some of our best ideas have come from long car rides.

Add a bottle of wine to a weekend meal.

Wine is one of our favorite ways to dress us a normal meal and make it feel special. There are a ton of good wines available at most grocery stores for under $10 a bottle. Adding it to your regular meal can make it feel like you’re on a date in a fancy restaurant instead of eating at home. Turn off the TV, set the table, and talk to each other like you would at a restaurant.

Coffee and dessert.

If you really want a treat or something to do after dinner, head out for a cup of decaf and some dessert. Sharing the dessert will cut costs and calories, but you’ll still get something sweet. I’ve always thought restaurants were fun, and this is a great way to dine out without spending a lot of money. Sometimes instead of going to a restaurant, we head to Barnes and Noble for a frou-frou Starbucks coffee drink and some book browsing.

What do you do for fun when money’s tight?

Vacationing vs. living like locals: Can we afford an extended stay in Europe?

For the past few days, Tony and I have been going over an idea that might be completely insane.

I’ve written a lot about our plan for a two-week vacation in Europe next May. Both of us always wished we’d taken the opportunity to study abroad in college, and this vacation seemed like the next best thing — one last big trip before we start our family.

One thing has continued to plague me, though. We didn’t really want a vacation. We didn’t want to stay in hotels and live like tourists for a whirlwind two-week trip. We wanted the opportunity to live like locals, absorb the culture, and experience life in another part of the world. We don’t want to move abroad permanently, though. Living 800 miles from family is hard enough; I can’t imagine living an ocean away.

While talking about this, we started considering a crazy idea.

Tony will finish student teaching in December 2010. It’ll be another 4-6 months before he can start looking for teaching jobs for the following fall. We were already wondering how to spend that time. What if we spent two or three of those months in Europe, living like locals instead of tourists?

Obviously, two or three months in Europe will cost more than 2 weeks. But after doing some research, I’m surprised to discover the difference isn’t that huge. Living like a tourist costs $200-$400 a day with restaurant meals, hotels, and excessive travel. Living like a local costs much less, and since we’d be there in the late winter/early spring, everything would cost less than we’d pay in May, the beginning of the high season.

Our biggest expense would be housing. Renting a furnished apartment in France is less expensive per night than a hotel, but still more expensive than we’d pay in normal rent. We’d likely spend about $425 a week on housing or $1700 a month (utilities included). Ouch. But we could make up for the high cost of housing by cooking our own food, avoiding expensive tourist activities, and living frugally.

Based on rough calculations, we’d need to save $7,500 – $10,000 for two months in Europe. Here’s the breakdown:

Airfare: $1200
Housing/utilities: $3400
Food: $800
Travel: $500 (Trains, bus fare, etc.)
Fun stuff: $800
Total: $6700

I added up all of our regular living expenses that we’ll have to pay while we’re away. We’d be paying these expenses whether we were traveling or not, but I’m including them since travel will delay our job search:

Debt: $400
Travel health insurance: $250? I’ve done some research, but not enough to have a solid estimate.
Cell phone: $200
Total: $850

Based on these calculations, we’d need $7,550 to pay for the trip and our living expenses. I’d be more comfortable if we could save a full $10,000, which would give us a nice cushion when we return to cover our living expenses without using our emergency fund.

That means we’d have to save an additional $1,550 -$4,000 on top of our emergency fund and the $6,000 we already planned to save for Europe. We’d have an extra 7 months to do it. If we really buckle down and put every extra penny into savings, I think we can meet that goal and then some.

Maybe it’s just a pipe dream. It’s certainly not practical at all, but I kind of like the idea of doing something a little crazy and impractical before we settle down and live like adults — as long as we don’t add to our debt or spend our emergency fund. I can think of a million more practical uses for $7,500 — debt repayment, part of a down payment on a house, paying cash for a used car, an extra plush emergency fund. None of them are as appealing to me as this once in a lifetime experience.

So what do you think? Are we completely out of our minds?

Our frugal anniversary trip

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View from the Top of Cape Hatteras

This weekend, we planned to celebrate our first anniversary with a weekend getaway to Charleston, SC. Since we’re working toward so many financial goals, we didn’t want to spend much money on this trip. However, it wasn’t quite as frugal as it could have been. With a $100 hotel room and $50 in boarding fees for our dog plus restaurant meals and entertainment, I had the nagging feeling that we were spending too much.

On Friday afternoon, I checked the weather for Saturday in Charleston. Thundershowers. Though it was disappointing, I just couldn’t justify spending that kind of money on a trip when there was such a high potential for rain all weekend. At the last minute, we canceled our hotel reservation.

I felt good about the decision from a financial perspective, but I still woke up feeling disappointed on Saturday morning. We had both been looking forward to getting away to celebrate our anniversary and holiday weekend. At 8:30 a.m., we made a highly uncharacteristic last minute decision to pack up the dog and our tent and head north for an anniversary camping trip in the Outer Banks.

Last month Tony won $150 in a writing contest, so we decided to use that money for our trip. Here’s the breakdown of what we spent:

Food

We spent $15 at the grocery store on the way out of town for snacks (fruit and nuts), $5 on coffee stops, $30 at the grocery store for camping provisions like hot dogs, chips and charcoal. We were not as frugal as normal at the grocery store, but we had decided to avoid restaurants as much as possible so we wanted to make sure we had plenty of snacks. We went out to lunch Sunday and spent $25, so our food total for two days was a ridiculous $75. Whoops.

Transportation

We used about two tanks of gas round trip ($50). I cashed in some MyPoints for a $25 gas card. I also cashed in a $25 rebate reward from our gas credit card (which we pay in full every month). So we didn’t spend any money out of pocket for gas! We did pay to ride a ferry to one island from another, and the two-hour ride cost $15.

Camping

We stayed at a national park, so camping was free! We were right next to the beach, so we could hear the ocean waves at night. The sky was clear so we left the rain flap off the top of our tent so we could see the stars. It wasn’t quite as comfortable as a hotel, but it certainly had its charms.

Entertainment

We spent the weekend hiking nature trails, hanging out at the campsite, and walking along the beach. In the evening, we played cards by candlelight at our campsite (campfires weren’t allowed on the beach). The only money we spent on entertainment was $14 to climb to the top of the lighthouse at Cape Hatteras. The view was worth every penny!

Dog Boarding

We would have spent $50 to board our dog if we had gone to Charleston. Instead, we brought him with us, so we didn’t pay a dime. And he had a great time outdoors, even if he was a little stressed about sleeping outside.

So instead of spending $150 plus food and entertainment, we spent about $105 for a fantastic weekend. Since we didn’t pay for a hotel, dog boarding or gas, our budget was better spent on good food and fun. Overall, I’m very happy with our decision to cancel the Charleston trip, and we plan to spend a lot more time camping this summer.

A Mother’s Day meal fit for a queen — the frugal way

lobsterThis weekend, my parents are coming to visit. I haven’t seen them since Christmas, and I can’t wait.

Last weekend my mom celebrated her birthday. And of course, this weekend we’ll celebrate Mother’s Day with her. We really want to do something special for her, so we started brainstorming super luxurious meals we could cook.

Since one of our goals for 2011 is cooking lobster at home and it’s one of her favorite foods, we decided surf and turf would be the perfect Mother’s Day feast.

Steak and lobster meals typically cost about $25 in chain restaurants, and even more than that in gourmet establishments. We figured by cooking it at home we could keep it healthier and save a little money. I was surprised to find out just how much this meal can cost even at home.

Tony really wanted to cook live lobster. At $14.99 a pound and roughly 1.5 pounds per lobster, we would have spent about $90 on lobster alone if we each ate a whole one. The most economical option is buying two whole lobsters, which would probably yield plenty of meat for the four of us. But that would cut down on the amount of tail meat that each person gets, and the lobster tail is the best part. Not only that, but I wasn’t too excited about the gruesome reality of cooking a live lobster. I’m a little squeamish about eating anything with eyes. Yuck.

We decided to go for frozen lobster tails instead. Our grocery store typically sells frozen lobster tails at $9.99 each for about 4.5 ounces. That’s about $35.50/pound. I had no idea lobster was so pricey!

In a tremendous stroke of luck, it turns out frozen lobster tails are half price this week at our grocery store. So we’re buying 4 frozen lobster tails for $20, or about $17 a pound. It’s more expensive per pound, but we’re not paying for the inedible waste we’d have with whole lobsters. I have a feeling that when you weigh only the edible parts of the whole lobster, the per pound price would probably be more than $14.99.

We were prepared to serve any type of steak, but after shopping around we discovered that we could get beautiful cuts of filet mignon for $7.99 a pound at Costco. We normally wouldn’t spring for a pricier cut of meat like that, but this is my mom’s birthday/Mother’s Day meal after all.

For side dishes, we’re serving creamed spinach and baked potatoes. All together, this feast for four people will cost less than $60, or about $15 per person, including a nice bottle of wine. That’s a pretty pricey home-cooked meal, but when you consider what we’d spend at a restaurant, I’d say it’s a steal.

Tony says lobster tails don’t count and he still wants to cook a live lobster, but I’m still going to cross that one off the list anyway. :)

Photo by tangaroo

Always track your rebate claims

In February, I bought a year’s supply of contact lenses at Costco after searching for the best price. One of the main reasons I decided to go with Costco was the $20 rebate on a year’s supply, which brought their price down to the lowest.

Costco allows online rebate claim submission, and it was pretty simple. I filled out a form with information that was readily available on my receipt. I figured it would be several weeks, maybe even a couple months, before I received my check, so I kind of forgot about it.

Yesterday it was time to replace my contacts with a new pair of lenses. For the first time since I’d submitted the claim, I thought about my rebate. It had now been over two months since I submitted it, and I haven’t received a check.

I logged onto the Costco site and checked the status of the claim using the claim number they emailed me. It was so easy that I couldn’t believe I hadn’t checked it before. According to their records, the check was sent on March 17 and should have arrived 7-10 business days after that. It didn’t.

When I called the rebate hotline, they were extremely helpful. Within about 5 minutes they were able to determine that my rebate check had been sent and returned to them. The customer service rep assured me that a new check would be in the mail by Monday sent by certified mail to ensure delivery.

While the hotline was extremely helpful in resolving the problem, I can’t help but wonder what would have happened if I hadn’t thought to check on it. It’s only $20, an amount that many people might not bother to follow up on. If I hadn’t called last night, I probably never would have received a check.

It would have been nice if they had recognized the problem and resolved it without a call, but to be fair I don’t really expect them to track that sort of thing for me. It’s my money, after all. If I don’t care enough about it to track it, why should they?

People who regularly submit rebates for Walgreens and other stores usually have intricate systems for tracking this sort of thing. I don’t regularly submit rebates (only when I happen to buy a product that offers one), so I easily could have let it slip my mind.

When I bought my computer, it came with a $200 rebate. You better believe I tracked that one. I sent the required materials by certified mail to ensure that they weren’t lost, and frequently checked the status on my claim until I received my check. After all, $200 is a lot of money.

But $20 is just as important when it comes to getting a little money back after a purchase. It’s so easy to submit and track rebates these days, there’s no reason to lose track of that money. I takes more trouble to clip coupons than it did to log in and check on that rebate, and coupons usually only save cents. I would be careful to keep track of a $20 bill; why lose track of a $20 rebate?

The List: Fun goals to accomplish before 2011

I’ve been in a bit of a funk lately. Just generally kind of blah. It’s taken me some time to figure out what could be causing it, especially since everything is going so well for us right now.

I’ve always had a tendency to be preoccupied with the future. Instead of enjoying what I have right now, I’m looking ahead to a new home, a baby, and everything else that’s coming up in the next stage of our lives.

Unfortunately, all this looking ahead is a good way to miss out on what’s good about right now. We have almost two years before we close this chapter in our lives and move on to the next. It’s two years of time together to experience new things and enjoy each other’s undivided attention. That’s a pretty good place to be.

Lately we’ve been talking about ways to make the most of this time. There are so many things we want to do and see before we settle down and start a family, but we’ve been so focused on lofty financial goals and day-to-day life that we’ve lost sight of those things.

We’re in a good place financially. We’re debt-free except for our student loans, and we’ll be paying off that debt for quite some time no matter how I crunch the numbers. That’s okay with me. We’re on track to complete our emergency fund in about a year, and we should have the money saved for our trip to Europe in a little under a year.

When we decided to plan our trip to Europe, it was partly because we realized this is the best time in our lives to do it. With no children and few financial obligations, we have more freedom now than we’ll have for quite some time after we have a baby and buy a house.

Acknowledging this freedom made us start to think about other things we’d like to do. We may not be able to accomplish them all, but focusing on the list will be a nice diversion for me in the coming year and a half while I count down to the next chapter of our lives.

Some of the things on The List won’t cost us a thing; others are quite expensive. We’re still committed to our other financial goals (living debt free, saving for retirement, and completing our emergency fund) and we don’t want this list to distract us too much from those goals. By setting priorities and being more frugal in other aspects of our lives, we should be able to focus a little money on travel and other things we’ve always wanted to do without detracting from our other goals.

I put up a rough draft of The List on a separate page where I can track what we’ve accomplished and add to it. We have about 20 months to do as much as we can before Tony graduates. These are fun things, so you won’t find any financial goals here.

The challenge is to accomplish them frugally without getting into debt or affecting our savings too much. We may discover that some of these things aren’t possible at this point in our lives. We’ll have to examine our priorities and plan ahead to make some of them happen. Whether we’re able to do it all or not, I’m really looking forward to trying and sharing our experiences with you as we cross things off.

What do you think we should do before we settle down? Take a look at The List, and let me know if you have any suggestions!