I'm a Military wife, mom of boys, life style writer, love music, baker, crafter, foodie, picture taker, fitness junkie, LOVE being outdoors and secret Starbucks addict.

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Savings in a pinch

“Where has all our money gone?” Is the question that the wife asks her husband every paycheck, right? Where is our money going? I looked into my own personal finance to see where all of our money was going because we haven’t been saving a lot and we need to.

The biggest one I found was at the grocery store. I would make my list every Friday of the meals I wanted to make for the week and shop for those items. WELL… I strayed from that list. I would see an item on sale and say “Oh, I’ll get one”. I’d get back home and put the items away and what do I find?? 3 or 4 of that same item that was on sale, I didn’t need to buy that, so most of our money was being waisted on products that we already had.

The next one is my husband’s doing, ATM usage fee’s.  He would go and get $20 out and get charged $2.50 each time, I went back through our statements, that was about $10-$15 a month just in fee’s, that is a tank of gas for his car for a week.

In having our little money chat for the week, we both agreed on this, watch what we spend and where we spend it. Our Credit Union doesn’t charge a fee to use the ATM, but instead of him going to the ATM I go in and take out $50 for spending and break it down to $5’s and $1’s he has saved a lot so far.

For my grocery spending I make my store list, then I get all the items out of my pantry that I need for my meals, then I won’t buy it since I physically saw that I have it.

I am hopeful that by doing these two small things that we will save over $100 a month and that is a small amount but a good start for savings.

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Comments (3)

  1. raejean 09/06/2010 at 8:09 am

    I save money at the grocery store in just the opposite way. When an item that we use goes on sale, I stalk up – especially if I have coupons. My goal is to buy when the item is inexpensive and shop from my pantry. It is important to check best use by dates and have an idea of how quickly your family goes through that item. By shopping this way, my grocery bills initially went up a little, but now they are significantly smaller than most families my size. I hope that will help your family save money too!

  2. raejean 09/06/2010 at 2:09 pm

    I save money at the grocery store in just the opposite way. When an item that we use goes on sale, I stalk up – especially if I have coupons. My goal is to buy when the item is inexpensive and shop from my pantry. It is important to check best use by dates and have an idea of how quickly your family goes through that item. By shopping this way, my grocery bills initially went up a little, but now they are significantly smaller than most families my size. I hope that will help your family save money too!

  3. Shelly Knight 09/10/2010 at 9:26 pm

    We do a similar thing to raejean, but also have the same problem you do, Mega. We're not saving enough. I've been trying to plan meals and batch cook, but we still wind up buying those extra things at the grocery store, and especially SuperTarget. I've heard Mint.com can be a great tool to show you where your money goes each pay period or month. I'm going to start using it, along with the strategies above and see what we can do.