Over the years, I have seen many people have what they call a Low Spend Month. So I have decided to do one for the month of August. If anyone would like to join me, let me know in the comments. I realize some of you are probably working on your stockpile so keep doing what you are doing. Being prepared for the Fall and Winter is so important!
I still have money set aside for stockpiling. If I see a great deal that fits into my stockpile, I will let you know. But in August I will be concentrating on spending less monthly grocery money.
Most of the time, I have $500. for a month’s worth of groceries. I will be cutting that amount by 50% for August. So I will have $250. for all of our groceries. Any money leftover in July will be put back into our savings.
We will be eating from our pantry which is our usual BUT with a twist. How many of you have a grocery item or two or maybe 10 or more that you purchased or were given that you have never used? You know the ones that you see in your pantries all the time and ignore. I know I do. They keep staring me in the face. Pictured above is just a few of the items that need to get used. The tuna and pancake mix will get used in the next week. I will have to see how to make the quinoa and I can’t even remember what I bought the xanthan gum for. Any ideas?
In August, I will be incorporating those items into our meals to use them up and not end up throwing them out which throws your money in the garbage. If I don’t know how to use an item, I will research for a recipe or ask you. I am hoping to use up a whole bunch of “odd to me” stuff.
I will let you know every day what we are eating and post recipes when I can.
I will take “you along” on every grocery trip so that you know what I am buying and why. Only needs or family requests(Hubby makes requests on a regular basis) will be purchased with only one exception! The things that West wants while he is staying with us for two weeks will be incorporated into my $250. grocery budget. I have to spoil my grandson while he is here visiting. That is just what Grandma’s do.
I will post our menu for the following week starting on Friday.
So you may ask, “Why are you doing a no spend month?” Because I thought it would be fun! We also have a savings goal that we are working on. We gave away $ XX,XXX. this month so we will be working on replenishing that money over the next year or so. Lowering the grocery budget will be a good start. Who knows, I may find out that we don’t have to spend $500. per month and continue to be able to save that 50% of our grocery money.
When you don’t have a mortgage, car payments, or credit card payments, money from investments accumulate quickly. So they will also help replace our giving money. At our age, we rarely travel anymore so we don’t do a lot of spending on items or travel like we did when we were younger. We spend very little on gasoline. Most our money goes into things we want or need for our home. Needed items like pest control, landscape maintenance, and fertilizing services, home maintenance, car maintenance, etc. And of course there are the normal bills that come with owning a home like utility bills, taxes, cable, house phone and internet, insurances, and the cellphone. Gifts for family members are also very important to us.