Showing posts with label budgeting. Show all posts
Showing posts with label budgeting. Show all posts

Wednesday, August 17, 2011

Reigning in the Budget: meal planning


Here's another "reigning in the budget" topic that I have not touched on yet: meal planning. I generally go to the grocery store with a shopping list, but it's not always that I go to the store with a meal plan in mind (and you know it's bad when I go with none of the above).

When I started this series of posts, I started saving grocery receipts. Whether or not I had a plan, a list or just wanted to pick up dog food, I wanted to see about how much I was spending every time I went to the grocery store. So here I am, armed with a bit of evidence, to tell you that meal planning is a really good way to keep your grocery bills under control.

exhibit A

  • 06/02/11, grocery shopping @ Giant Eagle with shopping list but no meals planned: $78.16
  • 06/12/11, grocery shopping @ Whole Foods with meal plan/shopping list: $32.94
exhibit B
  • 06/25/11, grocery shopping @ Earth Fare with a shopping list but no meals planned: $101.08
  • 07/10/11, grocery shopping @ Trader Joe's with meal plan and shopping list: $53.27
Now, granted, we're talking about four different grocery stores here. Also, you have to take into account that it's summertime and I do a lot of shopping at the farmer's market - sans list (since you never know what you are going to find!) So, take those numbers with a grain of salt. All I'm saying is that there has been a significantly lower total when I have a few meals planned for the week and only buy what I need for those meals.

My course of action is to choose three meals that I want to make for the week, the only rule is that I have to be able to at least make enough for dinner and lunch the following day. Breakfast is usually overnight oats or bread with cheese, or an egg sandwich (eggs and cheese are staples, and therefore are almost always on my shopping list, bread is something I generally make myself). Then, any days that aren't covered by leftovers are usually a sandwich or something thrown together by other pantry staples. For the meals that I am planning to make, I (obviously) only buy what I need. 

So far, I've found that planning meals in advance has been one of the best ways to keep my grocery bill down. It doesn't happen every single week, because of traveling or just being lazy, but even having a meal plan for one grocery visit per month will help the bottom line. I can buy into that! 


peace+love,


Need to catch up on my Reigning in the Budget posts?

Friday, August 5, 2011

Reigning in the Budget: the make vs. buy comparison

I've talked a lot about getting my grocery budget under control and I've gotten some really wonderful responses and ideas from my readers about it! So for starters, thank you for all the great ideas...we are currently trying to put them into practice. Slowly but surely.

Today I want to talk a little about the comparison between making and buying. 

I primarily want to discuss prices in my make vs. buy comparison, but I am also going to touch on time and effort as well as ingredients and food source...just because those are things that are important to me, and they weigh heavily on my food choices sometimes. Since I'm loving the abbrevs right now (who else knew that FBO = facebook official?!?! Love it) I'm giving this my own abbrev...henceforth mvb = make vs. buy.

DISCLAIMER: This post involved a bunch of math. If you find that any of my calculations are wrong, please let me know!!

mvb comparison #1: bread

buying a loaf of white bread will cost you $1.93/lb* (note that whole wheat and any artisan breads will be a bit more, so I would say that number is pretty low)
making a loaf of bread will cost you about $0.64 plus about an hour of your time (if you make it my way). That takes into consideration:
  • flour costs $.53/lb, and I use about 3 cups in my loaves, which is about three-quarters of a pound, or about $0.39
  • yeast can cost anywhere from $0.15 to $0.25 per teaspoon (I already did the math for you) depending on whether you buy the packets or in bulk. I used the more conservative estimate of twenty-five cents for my calculations
  • cost of salt and water is essentially zero
the savings is about 300%. I know sixty-four cents versus about $2 might seem pretty negligible, but it all adds up! Not only that, my biggest reason to make bread instead of buying it is because it's hard to find store bought bread anywhere with ONLY the four ingredients it takes to make bread: flour, yeast, salt, water. Store bought almost always comes with some kind of additives. Also, you have complete control over the type of ingredients you use, which is great, since I love experimenting with new flours and never use any processed or enriched flours.
*all prices are the US average for June, taken from the Bureau of Labor Statistics site

mvb comparison #2: yogurt

buying a 6-oz container of yogurt will cost you anywhere from $0.50 to $1.50 pending whether it's on sale and what kind you get
making your own yogurt will cost approximately $0.13 per 7-oz jar, plus about a half hour of your time, depending on how quickly you heat the milk. All other parts of the process don't actually take any work, just waiting. That cost assumes:
  • the price of a gallon of milk is about $3.60
  • in my yogurt maker, it takes 1 quart (or a quarter of a gallon) of milk to make seven 7-oz jars of yogurt
  • this DOES NOT take into account the cost of a yogurt maker, because it can be done without one. If you do use one (mine was $40) it's a one time investment and could be considered paid off in about 40 jars of yogurt, because you would have spent that much buying it from the store.
  • this also DOES NOT consider the cost of the starter yogurt (1 container of commercial yogurt) because if you make it continuously the cost essentially goes down to zero.
the savings is over 750% for this one. The only quasi-downside to this is that it takes a bit of advanced planning if you want yogurt because it has to ferment overnight. Again, the yogurt maker cost would be paid off after you made 40 jars of yogurt which, using Becca's yogurt consumption rate, would happen in about 2 months. All the other advantages from bread go for yogurt too: you control what goes into it, you get closer to your food source, you reap the benefits of your effort, etc.  

mvb comparison #3: kombucha

buying kombucha will cost about $3.50 per bottle at the store
making (or I should really say brewing) your own will run you about $0.16 per bottle, when you're brewing continuously. That number assumes:
  • you'll get about 8 bottles of booch from a 1 gallon batch.
  • that the cost of your mother goes down to zero, because it's a one time investment (we got ours online for about $15, which is paid off in your first gallon batch of booch anyway).
  • the cost of starter tea goes down to zero because you keep re-using it from the previous batch.
  • Bigelow organic green tea is $5 for 160 tea bags, and you use 8 bags in a gallon of tea.
  • sugar is bought in bulk at $13 for 6 lb. For a 1-gallon batch, you'll use only 1 cup of sugar, or just under half a pound...so its approximately $1 per cup of sugar
the savings is a ridiculous amount that I don't even want to bother calculating. You can see it in the price comparison. Honestly, the store-bought booch has just about the same things in it that homebrewed booch does, so maybe being able to choose the type of sugar you use is important to you (raw vs. white granulated) but basically the price is the kicker for me on this item. If you're into kombucha, it's worth homebrewing, without question. 

mvb comparison #4: beer

buying beer can be all over the board, cost-wise. A craft beer/microbrew will generally run you anywhere from $8-$12 for a six-pack (which is the kind of beer that I buy). Bud Light or Coors Water are significantly less at about $15 for a case. For my comparison, I'll use the more expensive beer since that is what I choose to drink, at about $1.50 per bottle.
making beer has a lot of up-front cost but quickly gets less expensive. So, if you make ONE 5-gallon batch, your beers will cost about $3.50 per bottle, but any batches you brew up after your first will cost you about $0.60 per bottle. I figured this by:

  • Taking into account up-front costs for the equipment, which are about $150. So for the first batch, you need all the equipment and an ingredient kit.
  • Ingredient kits will cost from $20-$40 depending on the kind of beer you want to make. So, for any batches after your first, all you need is the ingredients
the savings: you're gonna be in the red for your first batch, but after that...totally worth it to switch to home-brewed beer...unless you drink any of the big name beers - in which case, it's pretty much a wash. Personally, I just enjoy the brewing process. That, in itself, makes home brewing worth the extra cost. If you want, you can eventually grow your own hops, which will bring the cost down even more, plus give you the opportunity to grow them organically and all the good that comes from growing your own food.



mvb comparison #5: granola

buying granola is also all over the board. I'm going to go out on a limb and say it will run you from $3-$10.
making granola, with my recipe amounts to about $9.75. Meaning:

  • I did all the calculations for the amounts I specify in my recipe, so if you make a smaller batch, it will be cheaper. The recipe makes a pretty large amount of granola.
the savings/loss depends on what kind of granola you would generally buy. The recipe I make is a raw granola, so comparably, you'd be in the ballpark with a store-bought raw granola. Chances are, you can make your own granola for much less (especially with ingredients that are not so exotic, like mine is - for better or worse). For me, the real benefit is complete control over the flavor and ingredients. 

mvb comparison #6: sprouts


buying, I have spent about $5 on a pint of sprouts
making (or sprouting) your own sprouts will cost around $0.60 for a pint. Assuming:

  • I did all the calculations with mung beans, because that's what I usually sprout.
  • you can get a 27 oz bag of dried mung beans for about $8
  • if you start with 1/4c of mung beans, you'll get about a pint of sprouts
the savings on that is about 900%. You also get to choose which type of seed you want to sprout, so if you're not in the mood for mung beans, you can do broccoli sprouts or chickpea sprouts or lentil sprouts or soybean sprouts. I love sprouting!

mvb comparison #7: almond milk


buying 32 ounces of almond milk (the boxed almond milk) will be in the $3 to $3.50 range
making your own almond milk will run you about $1.50 for 4 cups (32 oz). I assumed:

  • you buy a 4 lb bag of raw almonds for $20, which converts to $0.17 per ounce of almonds
  • you use 1 cup of almonds to make 4 cups of almond milk
the savings of about 100% makes it worth it for me, even though you have to think ahead and soak the almonds over night. BUT you get the added benefit of having almond meal to use in other recipes later. Also, I don't know if you've ever looked at the ingredients list on commercial almond milk, but there is all kinds of additives to make it more a "milky" consistency and so it keeps longer. Meh on that. 


So, there are any number of things that you could make rather than buying that I didn't include here. Salsa is another one that comes to mind, also bagels, tortillas, wedding cakes (seriously...thinking about doing it). 

Even though some things might not be more economical to make, one of my 2011 goals was to create rather than consume. So for me, it's less about the price and more about being creative and resourceful and not simply relying on something outside of myself. It's about getting back in touch with my food source, knowing how everything that goes into my body was grown/cared for/raised/prepared/etc. That is truly what is important to me.

Is there anything you make (instead of buy) to save a big of cash?


peace+love,

Tuesday, July 19, 2011

Reigning in the Budget, part 3

I am overwhelmed.

You know how I know this? Because I haven't spent one ounce of my time procrastinating!!! :) I missed work yesterday (sick) and now that I'm back I have a pile of stuff on my desk and deadlines are looming. How did that happen? I was only out for one day!!

Seriously though, I think I need to scale back my posting a bit. I'm running low on motivation (in just about everything, not just blogging) and I need to recharge the batteries a bit. I've been trying to post every day during the week, but I think the quality of my posts are suffering because of it. I know it's been drilled into my head:

QUALITY...

not quantity!

Anywho, I hope you don't mind if I reduce my posting frequency a bit. I promise, you won't be disappointed.

Now, onto today's regularly scheduled programming...

This installation of my Reigning in the Budget posts is going to look at the differences in cost of shopping at the farmer's market versus in the grocery store, as well as the pro's and con's of both. Although, this post might be a little biased because I LOVE the farmer's market. Especially after this weekend, where there was a free outdoor yoga class at the market. Definitely took advantage of that!

Over the past couple of months, I've been saving receipts and doing some analysis on them. It turns out that I spend an average of $65 per trip to the grocery store! So, I had a chat with a colleague of mine about budgeting...he said they take out a set amount of cash every month to spend on food (based on their spending/cost trends).

Well, my friends, that is (essentially) what I do when I go to the farmer's market. We only bring cash and spend what we have. In general, that amount is about $50 per trip to the farmer's market. We don't always spend the whole amount, but sometimes we spend more (like when I want to buy a beautiful tie-dye dress).

Ok, so assuming I go to the farmer's market and the grocery store once a week (that's being conservative, they don't always happen in tandem like that), I'm spending $115 on groceries every week. My goal is to get that number down to $50/week. Feasible? I think so.

In general:
  • it's easier for me to spend less at the farmer's market, because I can't use my credit card and I bring a set amount of money
  • I try to go to the farmer's market as much as possible and the grocery store as little as possible...but neither is ALWAYS possible
  • It's harder to plan meals in advance when shopping primarily at the farmer's market, because there are limited and seasonal options there
  • I need to find a better balance of farmer's market and grocery store
Maybe a venn diagram is more appropriate in this comparison, but I'm just going to stick to a pros/cons list:


Even though one of my life goals is to sever my ties to grocery stores, I think the key point I'm trying to make here is to find a good balance between shopping at the farmer's market and shopping at the grocery store. Farmer's market pickins start getting pretty slim after the summer, so that "balance" might shift seasonally, but I'm totally okay with that. 

I'm giving myself an action item for the next month (well, let's say, until the end of August) - only go to the grocery store OR the farmer's market for the week, not both. One small step for Becca, one giant leap for saving money. Hopefully. 

P.S. We officially have our first batch of home-brewed beer brewing, so it's almost time to cross beer off of our grocery list for good! I'll definitely post about this later!

Peace + love,
Did you miss my other budgeting posts? Check them out:

Tuesday, July 12, 2011

Reigning in the Budget, part 2


I don't know if this is apparent from my writing, but I am a planner. I love my to-do lists, shopping lists, my training plans, my google calendar. Actually, my iPhone has been a gift from God with regards to planning, I have a whole page of apps dedicated to organization.

Naturally, I had to make a plan to hone in my grocery bills. I've decided on a couple of things to do to get our cost of groceries a bit more under control:


  • Plan weekly meals. I've tried this once or twice and it really helps to make a shopping list that only has what I'm going to need for meals for the week and stick to it. It's not always easy for me to plan all the meals for the week, but if I get into a bit of a routine, every Sunday for instance, it will be easier to do. I usually pick 3-4 meals that I want to make, which will last as dinners and lunches.



  • Make instead of buy. I've already talked about how I make my own yogurt, bread and kombucha. The next step is beer. My goal is not to actually buy any alcohol (unless it's a special occasion). This is my way of eliminating a bit of frivolous spending, and it actually is going to apply to all expenses, not just groceries.



  • Stay out of the grocery store. I know this isn't going to happen entirely, but it's summertime in Ohio and that means a whole bunch of farmer's markets and growing our own veggies. So this should help me stay out of the grocery store as much as I can, even if that sometimes means paying a bit more (for things like the best hot sauce ever) I'm happy to be supporting local entrepreneurs rather than big box grocery stores. I won't be able to avoid the stores entirely though...



  • Stick to low cost grocery stores. Have you ever heard of Aldi? or Marc's? They are pretty no-frills, low cost places that I can get a few essentials. In my last Reigning in the Budget post, Kristian commented on how we shop at Whole Foods and said "you may have to take in some pesticides". Agreed. I'm not convinced that, outside of fruits/veggies and dairy products, buying organic has much worth anyway. Anyone have any thoughts on this?


Alright, I've put a couple of these things into action this week. Keep a look out for some before and after comparisons, we'll see how much these baby steps will work!

What do you do to keep your grocery bills in line? Do you have a specific amount budgeted for groceries? 

Did you miss my last budgeting post? Check it out:

Tuesday, June 28, 2011

Reigning in the Budget, part 1


Don't worry. This isn't going to be a political rant about the government "reigning in the budget"

I'm going to talk a little today about reigning in my budget.

Brandon and I went through our expenses last night to see what the bare minimum we  need to be making to live off of was. The results were alarming! The worst part of it was, the only thing that we could really work on "reigning in" was our grocery and gas bills. Everything else were things that need to be paid for. 


Um, helloooo adulthood!

That was even a look at our expenses WITHOUT fun money! It's not like we both don't have jobs and can't afford our expenses, but what if we want to make any big changes in our lives? Switching jobs, moving, having kids...those are all things I've never really thought about until now.

So, since groceries and gas are really our only {fairly} liquid expenses, I'm going to do some work on budgeting and pulling that number down. For now, gas is a given for me, since I work 35 miles away from home, but groceries can really be worked with!

Soooo, I need some suggestions!! How do you guys do it? I mean, we eat well and that's not something I'm about to compromise, but I know we can eat well on a budget! I've decided on a couple of steps to take to start saving money on groceries

  1. start saving all our grocery receipts and keep track of what we are spending
  2. list all the necessities, as I'm sure there are frivolous items in our grocery carts
  3. determine all the things I buy that could be made at home - this is a big one, I know I can do much better at this with a little effort
  4. Start planning a week of meals, make a list, buy ONLY what's on that list
With some luck, and hopefully some good suggestions, this will be the first in a series of posts on reigning in our budget. But this is my first serious budgeting adventure (is that weird? I'm pretty sure I've been an adult for a while now...) so, I'm going to need some help. Please shoot feedback, suggestions, comments, ideas...ANYTHING over to me.

Any accountants out there with magic solutions and tips? I can't wait to hear some thoughts!!






...haha, you thought I lost my signature didn't you? GOTCHA! :)

Friday, May 27, 2011

The Friday Five

My five things today is going to start with some Mraz-spiration and end with my favorite song of all time...

{photocred: lyricsbird.com}
I draw a lot of inspiration in Jason Mraz's blog. The other day he wrote about beginners. It reminded me of a quote from Dan Millman's The Way of the Peaceful Warrior:

Every infant lives in a bright Garden where everything is sensed directly, without the veils of thought - free of beliefs, interpretation, and judgements. You 'fell' from grace when you began thinking, about - when you became a namer and a knower...The birth of the mind is the death of the senses. -Soc
{photocred: http://t2.gstatic.com}

Aside from their 14-2 loss the other afternoon, the Tribe is still at the top of their division with the most wins in the American League. I went to their game last Saturday (win! vs. the Reds) where they were supposed to be giving away Choo jerseys...they underestimated the number of fans that were going to show up for that game though, because the stadium was sold out. By the time we got there, we got vouchers saying "log online in the next 5 days to register to receive your jersey withing 12 weeks" (and hop on one foot while rubbing your tummy and patting your head...) Cleveland Chick wrote a post about it that, I think, reflects Cleveland's general attitude toward the Tribe right now.


I don't read much poetry, but I love the beautiful pictures and haiku's on Yogic Muse. This one, in particular, is full of vibrant LIFE! 

{photocred: partnershipforhumanservices.org}

I seriously need to start budgeting. Emily sent me a great blank budget template to get started.

Ok and the moment I know you've all been waiting for, my favorite song of ALL TIME:


Africa, by Toto.

Don't laugh...just love me. 

:)

happy MDW,

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