Monday, January 5, 2009
Follow My $100 per Week Budget! See how it can be done!
I wanted to let everyone in on my spending this year!
We are now a family of 6 after my brother and his family moved in a little over a month ago! I raised my grocery budget to $100 (up from $50) for adding 2 more adults and a baby eating baby food!
This budget will include the following items...
Newspapers (for coupons)
With a hefty stockpile left over from last year...this year should be a breeze!
We invested in a deep freezer later in the year and that purchase was a life-saver for stocking up on great discounted meats and other items!
We have over $200 in "eating out" gift cards that were either gifts or ones received from my rewards credit card.
As a true believer in the Dave Ramsey financial method...let me explain the credit card.
I use the credit card SOLELY for my $100/wk budget! I put money aside each week to pay this credit card off ON TIME and BEFORE I am charged with any interest. I choose to use this credit card as a way to earn FREE money! I receive Bonus Points for each purchase that I make. Most of the time it is only 1 point for every dollar I charge but there are about 5 months out of the year that those points are either doubled or tripled! I redeem the bonus points for gift cards thus it becoming a "Money Maker" for me! This is how I get most of my Blockbuster and restaurant gift cards! Occasionally I can get one for Walmart and Target.
I will continue to post my shopping trips with my updated budget information on each posting!
I hope that this series of posts throughout this year will inspire you to set a budget up of your own if you haven't already!
Follow me in a year long journey too see how far $100 can be stretched!