Q&A: What is your budget?
I was just curious as to what your “budget” is for your shopping every month?? Do you only carry cash for your groceries (Like David Ramsey suggests)? -Danielle
Danielle, my budget is pretty much $250 a month (family of 7) for all my groceries and toiletries (Homeland trips, Aldi trips, Sam’s etc… ). This is alot lower than what we use to spend prior to my frugal ways ($800-$1,000). We do do the cash plan like Dave Ramsey suggests for our groceries. We do not do the cash plan for several categories in our budget, but we do for groceries. My husband gets paid twice a month, so $125 goes in to the food envelope after each paycheck.
My goal is to spend $20 each week at Homeland so I always take $30 cash with me when I go shopping (just incase there are some extra great deals like on meat). I have had several people ask me about change… What do I do with the change? I put it in my purse or in my car. That is normally my blow money -AKA my quick 7-11 trips to treat me and the kids. That change can really ad up!
As for our monthly budget, I am normally under my budget, like last month we only spent $224. I just roll that extra money into the next month. I will still try to stay under my normal $250 budget but now I have another $76 in there. I like to have that extra cushion as my “emergency” grocery fund. That is the money that I will use if I hear that meat is on clearance at Crest or something crazy like that. Then I can go and stock up on the huge savings without it hurting my actual grocery budget.
After reading what Lisa said on Facebook, I wanted to make sure I clarify. I don’t have a $200 excess in grocery budget envelope. I never let more than about $50 to $75 extra in my envelope than our original budget. If we do have more then it goes into my savings. I just like having that little bit of “cushion” as my emergency fund -well, my grocery emergency fund.
I am not saying that you need to be a crazy frugal person, like myself, and have the same budget as our family in order to be successful with couponing. However, I do think that setting a budget, and using cash is key to really seeing your savings. To me… seeing your savings is what will keep you motivated to continue clipping those coupons! Thanks for your question, Danielle!