Monthly Archives

July 2017

How_To_Lower_Your_Grocery_Budget
Money Management

How to Lower Your Grocery Budget

This post may contain affiliate links. Check out my Disclosure Policy for more information.

When I first started my journey for financial freedom, my spending was out of control. I remember looking at my spending and thinking, “There’s no way I can lower any of these budgets.” I especially thought of this when looking at my spending for my groceries. It’s really hard to think about cutting costs when you think you’re doing the best you can at the time. You need to get creative sometimes and think about how you can get the most food for your money by learning how to lower your grocery budget.

How_To_Lower_Your_Grocery_Budget

1. Look at your current spending vs. food

The first thing I did was look at my old receipts. I never used to even look at how much items cost when I would buy them, I wanted to eat it that week, so I bought it. What I realized when I looked at them was that I was spending SO much on frozen foods and prepared foods. Now, ironically at the same time I was switching to an organic diet for health reasons. I thought I was going to be spending so much more (honestly I didn’t spend much more because I was buying everything fresh.) Frozen foods and prepared foods are crazy expensive because you’re paying for convenience. This also goes for veggies and fruits cut up, SO expensive.

2. Pick your meals for the week

I’m not saying go crazy meal planning. Just plan out what you want for breakfast, lunch, and dinner. Since it’s just me, I typically have the same dinners or lunches multiple days a week. It’s pretty difficult to cook for just one person and keep with correct portion sizes. So, I use my leftovers for the following days lunch or dinner, this allows me to plan, and buy, for less meals. Keep in mind what you found when you looked at your receipts, keep your meals simple and fresh to save cash. I also recommend making similar dishes throughout the week so you can use the same ingredients. For example, I buy a package of chicken breasts and ground turkey each week and make that work each week. I change up the marinade or the spice to add variety to my meals. When I was in grad school and living the serious broke student life, I regularly had rice, veggies, and half a chicken breast. It’s easy, healthy, nutritious, and relatively cheap.

3. Make a grocery list

Once you have your meals planned for the week, make a grocery list based on your meals. Once you have your grocery list made review it to see if it’s under your budget. If it’s not, revise your meal plan. Is there a cheap meal that you could make last more nights and get rid of a different meal? Do you have things in your pantry or fridge you could use to make a meal? Sometimes my meal planning and grocery list takes me quite a bit of time, but I’m always happy with my results once I pay for my bill. Take the time to plan well and it will pay off in the end.

4. Check deals at the grocery store

This is a tricky one. I don’t mean buy anything on sale. You should always stick to your list. However, if you notice that something is on sale this week that is a staple in your diet (chicken, rice, etc.) that you can freeze or has a long shelf life, buy more than you need. This will make your budget higher this week, but will save you in your monthly spending on groceries. I do a monthly budget, so if I need to take more one week to accommodate for this, I will. Also, I will make swaps in my grocery list if something similar is on sale. For example, if I wanted to buy grapes, but apples are on sale, I’ll buy the apples. These are snacks for me, so I can easily snack on a different fruit and try to find the cheapest one.

5. Use rebate apps

The three rebate apps I use are Checkout51, Ibotta, and Receipt Hog. Now, I never check my apps before I go to the grocery store, only afterwards. The reason I do this is because I don’t want to get sucked into buying things I don’t need simply for the rebate, that’s going to make me spend money unnecessarily. Ibotta is a rebate app that allows you to search the store, restaurant, service, etc (they even have Uber!!) that you’re using for cashback. You simply scan your receipt, click the rebates you’re claiming, and will get some money once it is cleared. Use my link to get a free $10 just for signing up! Checkout51 works exactly the same, but you don’t need to specify where you shopped. Receipt Hog is a little different, you just take a picture of your receipt and get points, once you have enough points you can claim it for cash back or gift cards.

These are the tricks I used to get my budget on track for my groceries. It might seem tedious and a lot of work, but once you get it going, it really is very simple. Plus, you’re going to save money in the end, so why not! How do you lower your grocery budget?

 

A_Review_of_my_Favorite_Debt_Payoff_Tool
Student Loans

A Review of my Favorite Debt Payoff Tool

This post may contain affiliate links. Check out my Disclosure Policy for more information.

Back in November of 2016 my debt payoff world came crashing down around me. My favorite debt payoff tool, ReadyForZero, was no longer going to be offering their tool. This tool had the works, everything I could have asked for, and it was free! I’ve spent months trying out new tools and just couldn’t find one quite like ReadyForZero and felt as though I was settling with the one I was using. Then, I stumbled upon undebt.it and my debt payoff once again feels organized and is motivating me once again. Here’s a review of my favorite debt payoff tool!

A_Review_of_my_Favorite_Debt_Payoff_Tool

Many Different Options

One thing I really like about undebt.it is that there are different options of plans based on what you want from the tool. There is a free version that allows you to input all of your debt information, a customized payoff plan based on what strategy you want to use, and keep track of your payments on your accounts. The tool updates your totals for you once you add payments and allows you to see how much debt you have paid off and when you will be debt free, my favorite part!

Debt_Payoff_Tool_3

They also offer undebt.it+, which costs $12/year and gives you access to everything that the free account gave you, and then so much more. With the plus account you are able to manage bills, get payment reminders via text message or email, an account summary emailed to you monthly, projections and stats to represent your debt payoff, and so much more!

Motivation

This tool is incredibly motivating and makes it so easy for someone new to debt payoff. Once you input all of your accounts they create different plans for you and you get to pick which one is best for you and your situation. I personally use debt avalanche because I have such high interest rates and large loans.

Debt_Payoff_Tool_1

They keep on every page you go to in the top right corner your current progress on your debt payoff. I LOVE this feature. I find it so motivating to see if the debt payoff day changes when I make extra payments and see the percentage paid off get larger.

Payoff Plan

Once you have picked your plan, they create a debt snowball table specific to your plan. I love this feature because it tells you exactly what to pay on each of your loans to stick to your plan. For someone who is new to debt payoff and not totally sure how to navigate it, this would be so helpful! I also love that your payments that you already made for the current month are in blue so you know exactly where you stand in the plan.

Debt_Payoff_Tool_2

I really love this tool and I am so happy I found it finally. What I really love about it is that the creator of this tool was just paying off his own debt and needed a tool to use and he wasn’t happy with any of them out there. I love that he took initiative to help himself and so many others pay off their debt. I personally really like this tool and found it very helpful immediately after I set up my account. I highly recommend this tool, especially for people who are just starting their debt payoff journey and could use a tool to help them get started. One downside of the tool is that they don’t have an app for your cell phone. The website does load nicely on my iPhone, but no app is currently available. What tool(s) do you use to manage your debt payoff plan?