Showing posts with label stockpiling. Show all posts
Showing posts with label stockpiling. Show all posts

Thursday, November 3, 2011

October's Results

Well, the results are in.  October is finished and my first monthly challenge is in the books, so to speak.  The good news is that I cut my budget, but the bad news is that I did not reach my goal.  Grocery receipts totaled $516.00 this month which was a substantial cut.  Before the challenge I was spending my budget + cheating and it was costing around $1000.00.  So I was very pleased with the results on that level, but I was $116.00 over my planned amount.

I spent some time looking at where I went wrong and what things should remain the same or change for next month.  I came up with several observations. 



What Went Wrong:

I love to buy seasonal fruits and vegetables and preserve them.  I found great deals on fall fruits like apples and pears.  I like to dry them and put them away for quick snacks when they are no longer in season.  I didn't account for that in my budget and buying the extra added up quickly.

I found the same thing to be true when I found a great deal on Glutino Pretzel Sesame Rings.  The cheapest I have found them is on Amazon.  The Sesame Rings run  $4.58 a bag.  This month they were on sale at a local grocery store for $2.99.  I stocked up, but that left me short later on in the month.  I also stocked up on Rudi's Gluten Free Bread that was on sale for $3.99 for those times I need an emergency slice of bread and I haven't had time to make it.

The last thing that set my budget on a course for failure, was deciding to try baking new breads with new flours.  Instead of waiting, I dove into the project and purchased new flours and ingredients I needed.  Sometimes I lack a little patience!

The total cost of these choices:  $114.17.  Hmmm, seems a little close to that amount I went over.  Could that be the reason?


What Went Well:

I was very pleased with the menu for the month.  I worked very hard and stuck to my choices. When I wavered, Cinnamon was there to tell me, "You have to follow the menu, Mom!"  Keeping and following a menu was great and something I will continue.

Secondly, paying attention to the cost of things was key.  I guess I had never stopped to think about the cost of my meals and how adding an extra ingredient here or there just because I had it on hand could be sabotaging my budget.  Now I know a spaghetti dinner costs me around eleven dollars and I can plan appropriately.



What Needs to Change:

Although I started out with an envelope and cash, I reverted to old habits.  I need to either stick with an envelope system or have an exact tally of where my grocery dollars stand at all times.  I do this with a post it note I keep in my purse.   I also need to be stronger and say no to last minute inspirations and stick to the budget!

The other thing I plan on doing this next month is to plan for grocery items on sale or seasonal items I want to take advantage of and stockpile.  I plan on setting aside $50.00 out of the $400 budget and earmark it for these specific items.  If I don't spend the entire amount, I will roll it into the next month's account, but still earmark it for sales.  Hopefully, that account will build and allow me more flexibility.

All in all, I am happy with the results, but I am looking forward to finding more ways to cut the budget.   We will see how it goes next month!
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