The Stockpile

After a successful shopping trip on Monday the stockpile is up and running again. If you haven't heard of this concept before, my aim is to have enough 'stores' built up in my cupboard that I only purchase things when they are on special.

I have been doing this for so long now that I have a sense of the rotation of the specials, that is, that Vegemite may come on sale every five weeks and during that time my family will use 3 jars so when it comes on special I will buy 4 jars to cover it.

If you're just starting out, take a percentage of your grocery money and use it to build up your stockpile. Each week you can devote more money to the specials and then you are left with a base line of weekly things that need to be purchased. If there are no specials to be purchased in a particular week the money just goes in the jar for next week.

I have found that I save so much money shopping this way and can 'eat out of my cupboard or freezer' any time I need to which is great in emergencies or when you want to save all your grocery money one week or if you are so busy you can't go and do a 'proper shop'. It prevents you from doing 4 runs to the grocery store a week to get ' just a couple of things' which over the week adds up to more than your usual budgeted amount.

Monday Monday ....

Today I am off to do the shopping. Not just any shopping, but my 'extreme shopping'. Frequent readers will know that I take my grocery shopping pretty seriously! LOL http://avisionsplendid.blogspot.com/2007/08/extreme-shopping.html

The good thing about shopping today is that I won't have the children with me, so there's a dramatic saving straight away ! I will also go to ALDI which is about 40 minutes away. I go with a friend and we share the petrol cost. It's also a nice day out to go to a place that has shops that we don't normally see.

I am looking forward to getting my menu planning sorted out, my budget money up to date and re-stocking my stockpile. We let it run down over the summer because we were going to be away so much and I wasn't working, so we used up much of our stores.

I am almost finished updating the sections in my planner http://avisionsplendid.blogspot.com/2008/01/new-planner.html For those of you that asked about it, I will update you on the inside workings of it once I have completed it.

Savings or " Not Spendings"

We hear all the time about how much money we can save. We see it in shops - save $15, save 30% or we read about people cutting $25 a week off their groceries.

But are these really savings ? and if they are where does the money go ? I am quickly realising that most so called ' savings' should really be called ' not spending', in that unless you were actually intending to spend, for example, $100 on an item and you only had to spend $80 and invested the $20 - then that is a true 'saving'.

Lets look at it this way.

When doing our budgets we go through and 'reduce' our outgoings - $5 a month here, $2 a month there etc etc. - adding up to $400 saving a month and a whopping $5000 saving a year. But do we actually invest that saving and earn interest off it and add to it and make it grow ? Or is it simply money that we could have spent but didn't!

I am going to make sure that I 'scoop off' all the little 'savings' I find. For example, when I budget $150 for the weekly groceries but only spend $125 I will put some aside for weeks when I need to spend more to stock up and I will scoop off some and put in my 'never to be touched' savings account. I think in this category a 50/50 split with the leftovers will be good.

Are you frugal, do you work hard to save money .... do you channel that money into savings or into debt reduction ? Post your ideas here.

Silly Silly Mistake

I have taken a week's holiday but instead of going away I have been at home catching up and relaxing.

We spent a couple of days picnicking at the river and swimming and skiing.

We had been teaching my nephew how to water ski when hubby suggested that I jump in and ski back to our base, which I did.

When I arrived back at the shore and went to dry myself off I suddenly realised that deep in my pocket ( I happened to be wearing hubby's board shorts) was my mobile phone.... and it was dead!

We pulled it apart to dry it, but......... it's dead.

It was a very old phone, did nothing special but it did the job.

So ..... now I am left with a dilemma. The SIM card works fine so I have been hunting around for an old phone. I went to the dealer and asked if I could buy an old phone that someone has traded but the woman said they go to charity. I would have paid for it and then she could give the money to charity !

So... herein lies the problem.

My options are:

- go without a mobile phone - could be problematic with work, emergencies etc ( although how did I manage prior to 1999 ?)

- buy a new one - don't want to change the deal I have because it gives me great broadband and can't justify hundreds of $$ for features that I won't even use.

- find a hand-me-down and insert my SIM card. Originally someone gave me an old phone but it was 'locked' to another provider.

My first instinct was to just buy a new phone and then I thought, NO. I will apply my frugal principles. I will STOP/THINK/DO. I will put the word out there into the universe and see what happens. Let's just hope the law of attraction works !!!

I will keep you posted.