Wednesday, December 09, 2009

Bacon



This is me.  I am walking into a local favorite grocery store--okay, it's Trader Joes.  Dr. Gooch is the photographer sitting in the car with the rascals (remember we try NOT to bring them into public places where there are other people).  Besides the fact that I love my new yellow gloves from Target and I have a saggy bum this photograph illustrates a major role I play in "our life together".

Bear with me as I use a meat metaphor.

Dr. Gooch brings home the "bacon".

I cure, slice, and fry it.

That is to say.  I am the spender/buyer/bill payer.  This is a heavy responsibility to bear.  Much to my dismay, I am not a couponer (couponeer?) or deal hunter.  Mostly because I wouldn't even know where to begin.  What I'm trying to say is that as the new year creeps upon us we are looking to add money saving/budgeting techniques to our financial repertoire.  And as the "bacon cooker" I would like to hear YOUR best budget secrets.

I have a friend who has two accounts: one for paying bills and one with an allotted amount for daily expenses.  Brilliant.  What do you do?

19 comments:

Panooch said...

We have our tithing and savings taken out of each check and put into savings automatically each time we are paid.
The key . . . to not touch savings. Easier said than done but it helps to not ever have that money even touch your banking account in hopes that you won't spend it.

By the way, Raleigh and Durham are the same thing to us Westerners. Can you bring me some dark chocolate covered jo jo's the next time you see me?!

Cathy said...

I do the same as your friend, plus I have a third account (savings only) at a different credit union - the only way I can access the money is by actually going in to the teller. This is our long term savings. I picked a smaller institution so the closest branch was a bit of a drive from where we live. This way if we need to access the money there is at least a 20 minute car ride to think it over in.

TX Girl said...

so loving johnny cash singing drummer boy.

I'm with you. My sister is a champion coupon girl, but I, like you, have no idea how to get started.

Sadly I have no suggestions.

Michelle said...

We are planning to start an annuity, that's an extra way to have a side savings account. I think having two separate accounts is a great idea! But when it comes down to personal spending and groceries I think the best thing is envelopes- cash divided between spouses, groceries,etc. That has always worked best for us.

Kelly and Kelly said...

We do the cash envelope Dave Ramsey method. We started it after we graduated from college to get some credit card debt paid off. We've gone back to it on and off. It's the only thing that keeps me in a serious budget - you only have a certain amount of cash to spend and once it's gone, it's gone.

k a t y said...

I'm just like you, sorry.

But! I bought those same yellow gloves from Target!

That's scary.

Karen said...

I love mvelopes.com! It is kind of like Dave Ramsey meets online banking.

I really love your website, and wanted to make sure that you are okay with me following it - though I have for some time. I just don't want you to think I am some sort of stalker! My family once considered a move to NC, so I love to see all of your photos. :)

Karen

Elizabeth said...

The best thing I ever did was stop buying new kids clothes. They love the ones from the thrift store just as much. So much money was going to kids clothes that they grow out of so fast. And I have to just bring cash into target so I can't do any impulse buying. I wish Trader Joe's would come to Hawaii already so it could be my local grocer!

Jeni said...

Well, what we do is this:

On the first of the month I pay ALL the bills for the entire month. Then we put a set amount money away in savings. Then I know exactly how much money we have left for the rest of the month. Pres Hinckley said, "Fix it up, wear it out, make it do, or do without." I do a lot of my grocery shopping at Walmart. I hate it, but the money saved is worth it, I guess. Basically I shop at all the discount stores: TJ Maxx, etc. The June 2009 issue of the Ensign has some GREAT family financing advice. That's what works for us...nothing complicated. Oh, and I'm STILL driving Grandma Polly's 1996 Buick:)

Jessica said...

I've found that using cash when I grocery shop really helps. I only bring a certain amount and I calculate it all. That way I don't over spend. I just buy what we need and if we have extra I might get a treat or something.
I really like using cash to buy things but being poor college students we don't use it very often. But this way you know how much you have.
I hope this helps you out. Good luck!

Jessica said...

You and Katy and your matchy matchy purchases make me so happy.

Rebekah V. said...

cross my fingers.

This is me said...

One thing I have tried to do is only plan three big meals each week. Ones (like lasagna for example) that will give us leftovers for lunches or other dinners. Then, the other nights of the week, we have simpler stuff like soup and sandwiches or pancakes. This saves me tons in groceries, eliminates the throwing away of uneaten leftovers, and forces me to use my food storage.

tracie said...

Thanks for talking about this. I have no real advice but, enjoy your blog so much. I agree with one that said don't buy all your kids clothes new. I go to Kid to Kid and thrift stores and always check the clearance. And my kids still look cool.

Jenna said...

I recently found your blog and I love it! This is a very recent topic at our house too.

For 14 years I had been in charge of all the finances - quite a problem since my hubby is a saver and I am a spender. I also love Trader Joe's and Costco like they might not be in business tomorrow. When I live in the States those two places are where I thrive.

My point, I have one, my hubby read Dave Ramsay's book Total Money Makeover on our holiday to the states in April. What a blessing for me and our marriage that he "got it" and decided to take over the finances.

We started a cash budget or cash diet when we got home. I LOVE IT! I have my envelopes for everything I need. I only use my atm card for gas. My hubby gets paid once a month and we go over everything I need for the next month, I take out my cash for the month and am good to go.

I also find that when I follow my grocery list I spend a lot less. I can email it to you and you can customize it to your family.

sorry for the novel - have a fabulous week!

Ingrid said...

I am confident that you will come up with a great financial plan, Jordan. It seems we have had to tweak ours a bit with each new journey we take in life and each new move. The best thing for our finances recently has been moving to a small town. :)

Carol said...

Go to cash!!! It is so hard at first, but you will be amazed at how FAST the savings accumulate!

Carol said...

Also, I do not see any type or sort of 'saggy bum'. :)

The Robinson Family said...

Jordan... I love your blog, love the inspiration, love all of it. We are in the process of figuring out what works best for us, but so far this is it... Tay gets paid twice a month. Check one goes to me in our joint account and I use that to pay all of the bills, groceries,tithing for that check,and extras. I am old fashioned and like to write each purchase in my little notebook so even if a check written hasn't shown online it is deducted. Check two goes to a different account that I do not touch - it is used to pay our mortgage, students loans, tithing for that check, and savings... So far it has helped alot in our savings, and by me not having access I am not tempted to over spend etc. Anyway - don't know if that helps at all, but it's been working for our little family of 5. Keep blogging. LOVE your hair!