credit cards

New! Wealthy Wednesdays’ Nugget of Financial Advice

credit cards
Are you charging a …need…or a want? Sometimes credit cards can save the day on a need (broken water heater in our experience!!). Photo: Pixabay

Wealthy Wednesdays is a post where you’ll find a piece of financial advice or two that we report on from around the Web. Continue reading “New! Wealthy Wednesdays’ Nugget of Financial Advice”

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New Frugal Tidbits from Around the Web

I’m sharing really cool frugal tidbits from around the Web spotted lately:  Continue reading “New Frugal Tidbits from Around the Web”

Are You a Good Money Parent? A Gift Inside…

Yeah. A money parent.

Maybe you think I’ve gone off the deep end, but I assure you, I (probably) haven’t. One of my absolute favorite authors of all time, as you may have read in another post, is Marilyn Jenett. She is a prosperity/money coach. Hey, we all need one! But I love her articles, her thinking, and her way of communicating about money and our feelings towards money.  Continue reading “Are You a Good Money Parent? A Gift Inside…”

May Cause Miracles

Money Quote for Monday: Gabrielle Bernstein’s “May Cause Miracles”

May Cause Miracles
Memorable money quotes from “May Cause Miracles,” a spiritual primer for younger generations.

After this over-50-girl got past the annoying “supergroovy” and “trippy” vocabulary in the super-popular pop-culture book, “May Cause Miracles,” by Gabrielle Bernstein, I found a couple of memorable money quotes I’d love to share. Continue reading “Money Quote for Monday: Gabrielle Bernstein’s “May Cause Miracles””

The First Three Weeks on Cash-Only Budget

budget
Time for a cash budget. (Photo credit: 401K)

It’s been a long time coming to use cash for food, gas, clothing, and entertainment. I’ve been religiously watching Gail Vaz-Oxlade’s show, “Till Debt Do Us Part,” and eyeing those money jars. It just makes sense. But, I never did anything about it.

But one day, I realized my grocery budget was creeping upward, even with couponing. What the heck was I doing wrong? Using a debit card and not using a solid budget–that’s what I was doing wrong.

I drew up a serious budget (much harder than it sounds, it takes t-i-m-e, but it’s essential). In my budget–$75 cash for groceries, $25 a week cash for gas in my car (my husband uses more, but I work from home), $20 miscellaneous or “blow money,” per Dave Ramsey. That’s only the cash part of the budget.

I didn’t use jars, but I did use basic envelopes, which proved too cumbersome as I went through my week.  I ended up labeling two pockets of my wallet. One pocket says “Gas” and the other says “Groceries” and that’s where I keep the money.

Some highlights:

1. Week One: I was filmed for Channel 12 News (not aired as of yet) on a shopping trip at Stop & Shop in Fairfield–it was an extra shopping trip that week and I shelled out an extra $54.00. To balance the budget, I decided to reduce my grocery budget for two weeks.

2. Week Two: Did relatively well, was able to buy about four pounds of expensive organic ground beef because I used some Catalina coupons from ShopRite thanks to some great deals I put together. By week’s end, I spent an extra $10 at Whole Foods when I found a couple of extra deals. It’s only $10, you say, but you know how the psychology on this works … “it’s ONLY $10….” turns into “it’s ONLY $20 and so on…” But, it’s like a diet, you make peace with yourself and get back on the program.

3. Week Three: So, it’s now Saturday, one day into my third week of cash only, and I have spent my reduced cash budget. But, we have plenty of food and will only need some fruit and veggies–but it’s extra money.

But so far, it’s great, I love it, and I see where my money goes and it gives me great hope. I spent $200 so far in three weeks–not too terrible in an affluent town like Fairfield.

Stay tuned.

~Marilyn from TFF