Weekly budget check

Another #leanspending week 🙂

This was a week with the least amount of grocery expenses; I had fresh produce left from the week before, which I decided to consume before I bought new ones. It was a good decision; I wasted neither the produce nor the money 🙂 I also cashed loyalty card points, which dropped my grocery bill this week (don’t you love them?).

This being said, I have had a social that costed me a little bit. I am not complaining about this, knowing that it happens only rarely and I usually enjoy the food.

And, the most exciting part? The pre-payment I made to my mortgage! This week I made the biggest pre-payments ever; a total of $1,662.5. Almost all of this is my tax return. I am so excited and proud of myself…..

This is my 4th pre-payment done so far. I started in the new year; my motto is that whatever extra I get (from coupons, waivers, tax return, tempting expenses that are not done etc.) will be used as pre-payment. Before I know, they accumulate.

Anyways, here is the week’s account:

————-

Weekly allowance: $120

Expenses related to the weekly allowance (grocery, breakfast, and a cab drive in the snow storm day): $37

Fun funds saved this week: $120 – $37 = $73

Fun funds expenses: $0

Total fun funds accumulated so far in 2017: $757.5 (Yahooo !!!! 🙂 )

Other expenses: $178 (health-related and social expenses, in addition to shopping for personal care and cleaning products at a store)

Savings from would-be-expenses: $27.5(these are the savings from expenses that I would normally make, but decided not to; such as walking rather than taking the bus, having breakfast at home rather than at the local cafe etc.).

Maybe a small amount, but a penny saved is a penny earned, right? 🙂

—————

Pantry/freezer treasures enjoyed: soup (x2) and brown lentil meal from the freezer; bulghur (x2), canned bean, and pasta from the pantry 🙂

Honestly, I am very excited about consuming the food that I already have. Since I started prioritizing the food in my freezer and the pantry in the last few months, I have consumed quite a bit of it. This helps me not only with saving money but also with an opportunity to refresh them. Like, last week I shopped for dry food (beans, lentils, seeds, rolled oats etc.) with great joy (oh, the joy of shopping cannot be under-estimated!). I have great and diverse food that can be enough for a couple of months and I am feeling incredibly abundant and grateful! 🙂

Happy saving! 🙂

weekly budget check

 

This was quite a #leanspending week 🙂

I am constantly saving from my weekly allowance (a.k.a. fun funds): I have not decided what to do with the accumulated funds, but I am sure I will come up with something over time 🙂

Also, I got a tax return last week, which excites me! I will be using it as a mortgage pre-payment next week 🙂

——————————-

Weekly allowance: $120

Expenses related to the weekly allowance (grocery and other little miscellaneous expenses): $43

Fun funds saved this week: $120 – $43 = $77

Fun funds expenses: $0

Total fun funds accumulated so far in 2017: $674.5  (Yahooo !!!! 🙂

Other expenses: $50 (health-related)

Savings from would-be-expenses: $31.25 (these are the savings from expenses that I would normally make, but decided not to; such as walking rather than taking the bus, having breakfast at home rather than at the local cafe etc.).

Not too much this week, but that is okay – every dollar counts 🙂

————————————————-

Pantry/freezer treasures enjoyed: minced beef, cooked bean meal, green beans, and meatballs from the freezer; rolled oats, flax seeds, bulghur, and pasta (x2) from the pantry 🙂

 Don’t you love using the food at home?

 🙂 

————————————————-

Happy budgeting and happy savings 🙂

DAY 4 – #TheLeanSpendingMonth

I spent A LOOOOOOOOOT of money today 🙂

Say what!?

Yup!

$86.5.

I did it.

I spent all of it!

——————

I had to.

And no worries, all purchases made were clean.

That means i bought only what I would need and if they were at good price. 

This has been my monthly shopping at a big store where I purchase my office snacks and personal care and cleaning products. By purchasing these items at this store I do save a lot of money so my consciousness is clean.

I had not done this in January so incidentally this was done now in February, which is my  #TheLeanSpendingMonth. Oh, well.

No worries I made conscious choices and did not buy a couple of items that I would normally spend money on. Also, I proudly took the bus again and carried the purchased items back home in tote and back pack (hey, I could take the cab, but I did not – so I am proud of myself 🙂 ). I did not treat myself with a nice cup of coffee and bagel, either. So…. Did I do good?

I think so 🙂

On an additional positive side: I find peace in knowing that my good fellow-blogger Decluttering The Stuff is in this challenge with me and keeping an excellent company!

Hurrah to us 🙂

financial challenges I assign to myself this year

I love assigning financial challenges to me and then seeing how I am doing 🙂

In the recent years, my first such joyful challenge was shopping freeze – I first applied it to books and then to shoes/clothes. I still did purchase a few of these items during the year, but hey, I had assigned these freezes for only a short time and they were needed when I purchased them. It is interesting that these freezes become habits quite soon after I first started them. Human attitude is quite plastic – it does change easier than we would like to think.

Anyways; the two things that I would like to try this year are the followings:

1. super-duper lean spending month. A fellow blogger suggested a no spend month, who I unfortunately cannot remember (raise your hand if you read this! 🙂 ).

Honestly I have no idea what no spend month means. I only think that the grocery, medication, transportation, and other essentials are excluded from this challenge.

Knowing my budget and daily life and requirements, I am pretty sure I cannot keep up with this – there will be at least work-place or socialization-related expenses; somebody will require some sort of gifts/donations, or I will find myself needing something all of a sudden. So, I do not have an interest in no spend month challenge.

So, why the hey am I talking about it here?

I want to give it a try and see whether I can rather aim for a “super-duper lean spending month“. That would mean finding alternative ways to contribute/donate/gift people; refuse or deflect social encounters (this is a challenge, but doable); and think really, really hard before I open my purse for anything other than essential grocery, cleaning and personal care products, transportation, medication and so on.

Certainly doable! 🙂

I am thinking February is a great time to do this challenge. And, no, not because it has less days than a regular month 🙂 I chose it because right now I have a good momentum in terms of spending (i.e. I shopped and stocked up quite a bit in Nov-Dec; that means in January I project to spend quite low anyhow).

I am curious how it will fold up 🙂

2. Pantry/freezer challenge: I have many food stored in my pantry and freezer. I have been meaning to consume them during the holidays, but time flied and things/socials happened. But I have not stopped thinking about it. My plan is to eat at least one meal per week prepared by the food already stocked up at my home. I also plan not to stock up any further until I consume half of the entire stock (then I can start stocking up them when they are on sale).

I kind of started it today when I baked a bean dish with the dry beans and frozen carrots 🙂

I know if I can put it in my to-do-list, I will make an effort to work on this challenge.  That is why I plan to record my pantry/freezer challenge activities within my weekly budget check posts.

If you have other challenges, please feel free to comment 🙂

 

Create a free website or blog at WordPress.com.

Up ↑

%d bloggers like this: