Thursday, January 2, 2020

Cash and Carry

There are still kinks to work out in my budget and ways to save and do better.  Yesterday, I took a leap of faith when getting cash for my cash envelopes, I took out an extra $120 for groceries for the week.

 Typically I would use a cash reward card for groceries, but I am pretty sure that concept gave me mental permission to spend more. So, I decided to try the cash and carry approach.

Well, actually I took out too much.  $180 for cash envelopes, $120 for groceries and I somehow thought I needed to pull out $400 instead of $300 so I ended up with an extra $100 cash.  Good grief.

Anyway, I put the $120 in a homemade cash-carrying envelope, stuck it in my purse and off to the grocery store I went.  First I went to Aldi's and I was amazed at how empty the parking lot was.  Come to find out they were closed.  So then I went ahead and went to Target with my list and managed to stay on task and spend $46.00 of my weekly allotment.

I have flyers for this week's ads and am planning accordingly.  Publix has a couple of BOGO's I am interested in, Reynolds Heavy Duty Aluminum Wrap being one of them.   Publix also has a digital coupon for $1 for Ragu Spaghetti Sauce (I think) and it is also BOGO.  Winn Dixie has Tide and Downy on sale with Digital Coupons available.

I purposely left about $30 in our checking for groceries that my husband will stop at the store and pick up.  Mostly milk and Powerade is what he will stop and pick up and it is easier for him to use a debit.

This experiment in spending only cash for groceries will be a great tool for me to reduce my grocery spending and putting extra cash towards our debt.  It may not always work out and be enough but in the long run I am hoping it will retrain me in how to shop more with purpose as opposed to shopping for instant gratification.

The extra $100 that I took out is tucked away at my desk waiting for next week. Some days I need to take my time when it comes to money management.

Check out this money-saving app.  It was recommended to me by a FB friend.  If you try it out, let me know what you think. I have accumulated $10 in saving so far.


  GetUpSide

Use this link or enter my promo code LISA22752 to get an extra 15¢/gal cash back on gas on your first fill-up: https://upside.app.link/LISA22752

8 comments:

  1. I seem to do better using a card. I overspent with checks and rarely took out cash or wrote a check for cash.

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    1. Carrying cash for groceries is new for me. For years I used debit/credit. It is a bit of a bummer to run to the bank to pull out cash, but now I have more time for activities like that.

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  2. I prefer cash. It's much easier for me to stay on track. I never use a debit card, except to get cash from an ATM. I want to try and save all the extra grocery cash whenever I come in under budget for the week. We have a weekly budget of $120 which includes HBA and cleaning items too.

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    1. When I was working, my excuse for not using cash was I was too busy ( maybe more like too lazy) to meal plan, look for deals, BOGO's and digital coupons. I have more time now to watch our money with a bit more diligence and care. You always seem to do well with coupons and deals. I am glad you share them, it helps me out!

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  3. Cash is King and I spend less when I use it.

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    1. I am trying to imporve my relationship with the King. We never quite saw eye to eye. :-)

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  4. Cash for the win! There are a lot of studies that show people do spend more with plastic. I don't doubt it. I find that when I only have X amt in my wallet, it forces me to pay more attention to what I am putting in my grocery cart.

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    1. It is early in the process, but I do agree that I spend less when I carry cash. I don't know why I was so slow to get on board with it. The mindset or at least my mindset has completely changed with carrying cash. Like I am determined to not spend anything now. Maybe finding balance is my struggle?

      Plastic surely does make me spend more, but I always thought I had spending under control. Not so much.

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