Saturday, February 5, 2011

Cash-only experiment begins!

Remember when I tried to do my version of the cash-only experiment? It worked "okay" but then the holidays started sneaking up on me and I totally cast aside my coupons and deals and forgot about the importance of budgets.

Then, one of my New Year's Resolutions was to eat better: healthier, purer, happier food. (Well, stuff that makes me all those things.) And that kind of food is expensive, especially when you don't try to plan your all.

So, here we are at the beginning of February and I've decided to take the plunge into the Cash Only pool. Here's how it's going to work:

*One envelope of cash for groceries for the 1st through the 15th of the month.
*A second envelope of cash for groceries for the 16th through the end of the month.
*An envelope of cash for what we call "household" items: books, ink, stamps, and pillows are just a few examples of things that fall into this category.
*Finally, an envelope of cash for clothing purchases.

I chose not to have a grocery money envelope for each week because I don't like trying to figure out how much money to put in each week, especially when it's a week with fewer than 7 days. This way, I just take my monthly budget and divide it in half. Done.

We are taking a trip to San Diego in April to visit my husband's family for Easter. So I've decided that any extra money that I get (through savings, rebates, etc.) will go into a little fund for that trip, to help defray the costs.

In the spirit of full disclosure, here are the amounts for each envelope:
*Grocery #1: $240
*Grocery #2: $240
*Household: $100
*Clothing: $100

I'll be posting updates with my progress to let you know what type of things I can get on this budget and how much I can save toward our San Diego trip!


For those of you wondering if we are still going on our European Tour...well, plans have changed a bit. Two of the friends are now pregnant and won't be able to take their babes out of their respective countries until later in the summer, when one friend will be returning to the States. It looks like there will be a scheduling conflict for all four of us to be together at one time. However, we are still trying to make a trip to Europe to visit those friends who will still be there this summer. I'll keep you posted.

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