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You Won’t Die if You Don’t Buy. Here’s Why.

You Won’t Die if You Don’t Buy. Here’s Why.

Are you grappling with finances? Advice on how to make money is everywhere – from investment planners, successful start-up CFOs, online gurus, and self-proclaimed experts sitting next to you at the bar. They’re all focused on getting more income into your wallet, which is great! But no one talks much about where your money disappears to. I’m not offering a complicated output analysis or turning you into a miser. Consider these suggestions to keep expenses in check. Whenever you’re tempted to purchase on  impulse, I’ll be the voice in your head that asks ,”Will you die if you don’t buy?”

Here’s an interesting statistic: Black Friday is a peak U.S. shopping day. A National Retail Federation Research shows the total spent on Black Friday in 2013 was a staggering US $57 Billion! That’s a lot of buying.

Let’s begin with questions that help you find and plug the holes in your wallet.

1.  What do you spend the most money on?

You won’t forget the restaurant bill last weekend anytime soon but how much in any given month goes to groceries, eating out, fuel/car maintenance, the children and school-related expenses? Numbers in black and white jolt you with a picture of your spending patterns. You’ll know your monthly expense totals per spending category and payment medium like cash, credit card, or check payments. You can then plan which areas to cut down on. You’ll also see exactly why your expense total shot up. If you don’t buy unnecessarily, you’ll stay within limits.

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Tracking expenses requires that you keep all receipts and spend some time once a month to record and add them up. Initially, you need to prepare customized templates using any spread sheet – one form for cash payments, the other for credit card and check payments. Tally your expenses by relevant categories such as groceries, eating out, phone and other utilities, car, etc.

2.  Do you know how much money you have?

Sure you know how much you make and yes, you have money squared away, but do you make sure there is money left after paying your monthly bills? Again, recording your funds in black and white guides you to prioritize your necessary expenses. Don’t buy anything else if your funds are low.

3.  Are you able to pay your credit card bills in full?

If the answer is no, don’t use one. In her book Women and Money: Owning the Power to Control Your Destiny,” Suze Orman describes this as “the downward spiral of paying less than the entire bill and being charged interest on everything you don’t pay off.” Imagine if you had multiple credit cards! Interest on credit card debt is an expense you can avoid. Don’t buy on credit if you cannot  pay  the statement amount in full each month.

4.  Do you know when bills are due?

It’s when bills catch you by surprise that you hastily issue a check and don’t realize that it is not supported by your account balance. Or else, you opt to pay the bill late. You get slapped a penalty for issuing a bad check or you pay interest for late payment. Both are avoidable.  Prepare a monthly and yearly schedule that shows when mortgage, taxes, insurance, school fees, and utility payments are due. Don’t buy at all on the week or month when big payments are scheduled.

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5.  Don’t buy before asking, “What if?”

You’re thinking of buying a new outfit for a close friend’s wedding. What if you look deep into your closet for that cocktail dress you hardly used and jazz it up with a glittery wrap?  What if you borrow a dress from your sister? You want to buy a new grass cutter and a tent for monthly barbeques. What if you rent instead? You’re shopping for a present for your favorite aunt. What if you make her a bead necklace or an embroidered pillowcase? It’s your hobby and you have the materials already! Buying is not the only option.

6.  Mindful shopping can be guiltless, rewarding, and fun.

Review your intention and answer these questions.

Why? Shop only to buy something that’s needed or to get a treat you’ve been saving up for.

How? Make a list and keep to it. Learn the discipline of buying only one major thing at a time. Don’t buy an expensive pair of shoes plus an outfit or a bag at the same time. It builds restraint and guards your cash flow.

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When? Shop only when you can afford to. It’s best to time it during a sale. Don’t go shopping every weekend or simply because there’s a sale. That’s the reason you have a closet full of unused stuff and higher-than-usual expense.

With whom? Don’t shop in a group. You’ll end up with purchases made from getting carried away. Maybe someone else bought it or somebody said “Buy it. It’s such a good deal!” It’s hard to think clearly with opinions flying about, but going with a level-headed friend can curb your impulses.

Working as hotel expatriates, a group of 5 of us single women often shopped together. We were of the same built and shoe size. We bought – in one go – similar outfits and shoes in varying colors and styles. It was really fun but even then, I was the voice of reason (and party pooper) always asking “Will we die if we don’t buy?”

What? Buy the original. Go for quality and versatility. Be willing to pay expensively. The number of times and ways you’ll use good-quality things will be worth their price. There is no real excuse to buy knock-offs or pirated stuff which don’t last and add to landfills. Instead, save up and buy the original or choose good quality, unbranded products. Never buy products from endangered species. Animals should not unduly die just so you can buy.

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Where? Have a list of personally preferred brands you use and shops you buy from on the basis of quality of product and service. This builds relationship and rewards. It also keeps you from unscheduled purchases in random places.

Who? Consider the makers’ and sellers’ corporate social responsibility record: do they pay fair wages, sustain the environment, minimize waste, and give back to the community? Choose to spend your money in support of people who’re doing good things.

By sticking to a set of criteria, you simplify buying decisions and actually save money. Check out these other money-saving enjoyable experiences, too.

7.  Do you block the flow?

Doing all these suggestions could reveal you’re not doing so badly, financially. Don’t forget other people who are not doing so well financially and be willing to help them out. Help could be in the form of a small monthly donation or a one-time donation to a cause you care about. Or it could be a loan to a struggling friend. Be part of the flow and respect the law of abundance. When you cascade some of what you have to others, you also make space in your wallet for more.

Featured photo credit: cohdra via morguefile.com

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Published on January 17, 2020

How to Eat Healthy on a Budget (The Definitive Guide)

How to Eat Healthy on a Budget (The Definitive Guide)

Have you ever looked at health gurus and wondered how on earth they can afford all that health food? Or maybe you’ve tried multiple times to start eating healthy only to find the $600 monthly budget overwhelming?

If you’re anything like me, you know exactly what I’m talking about! I absolutely understand the sinking feeling of looking back over a grocery budget and finding you went way over what you intended. And besides that, it can be hard to justify buying a tiny $5 bag of carrot chips while a $1 mound of potato chips is sitting right next door.

My husband and I recently ran into that struggle. We got married this past year and soon found ourselves trying to balance 12 hour work-days with keeping our relationship strong and trying to keep our personal businesses afloat. Granted, our budget was the one thing that took a hit! After we started tracking our spending, we were shocked to see we were spending over $1000 a month just on food! A little planning cleared that right up.

So, how to eat healthy on a budget?

Here’re the top tips I learned that helped us shave over $600 monthly off of our food budget so we could reinvest that in the areas that really mattered to us![1]

1. Meal Plan

You’ve probably heard the saying “Fail to Plan, Plan to Fail” right? Well, this saying couldn’t be any more true than in the area of healthy budgeting! The fact is, most healthy foods don’t actually cost that much… the pre-made time saving ones do!

If you go about creating a healthy meal plan within your budget, you could easily cut costs down to around the same price you are paying for junk food.

Meal planning is as simple as working in foods you already have in your fridge/freezer, adding in several meals with simple ingredients and seasonal veggies, and breaking it down into a shopping list.

Often, finding a few meals to make in big batches will save you the most money in the long run, which leads me to my next point.

2. Cook in Bulk

Not only will cooking in bulk save you a whole lot of time, it will save you a whole lot of money too! Believe it or not, if you find meals to make with similar ingredients, you can easily save more money than when you were eating unhealthy.

Don’t believe me? Just look at a $4 frozen pasta dinner. Now, sub that with a veggie pasta dinner. 5 zuchinni ($3), Pasta sauce ($2.50), and chicken ($5) could last you a full 5 meals which adds up to a whopping total of just over $1 per meal!

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That’s not even digging in to all the money you will save from fast-food. Trust me, a little $10 spent here and there add up! You’ll be saving a whopping amount from all the meal prep you will do!

3. Cook all Your Meals in One Day

The science behind this is 2-fold.

Number one, if you have lots of meals to grab and go, you will be far less likely to binge on pricier food when you get hungry. Let’s be real, you’re not going to spend 1 hour cooking when hub-n’-grub is at your bekon-call!

Number 2, meal prepping ahead of time will help you stick to your meal plan better when you’re not in the mood. Let’s face it, we’re all going to have days when protein and veggies doesn’t exactly sound appealing. But, if you have a full meal that’s quick to grab in the fridge, it will be easier for you to fill up on the good stuff rather than spending money on what you don’t really need.

4. Cut Back on Snacks and Specialty Items

I can almost hear you from across the screen. “But, I thought snacks were good for me!” Here’s the deal: Snacks are expensive! And healthy snacks, oh my goodness, say goodbye to your paycheck!

Look, I’m definitely not saying that healthy snacks are bad. Quite frankly, I would much rather you chow down on Halo Top than a triple-butterfinger-fudge sundae. It’s just that… healthy snacks are why eating healthy gets a bad rap for being expensive.

Look at it this way: You could either buy a week’s worth of groceries full of chicken, fish, beans, veggies, and fruits for $30. Or, you can spend that $30 on six snacks that will leave you hungry for more.

What’s more, the ingredients for gluten-free baked goods, sugar free substitutes, or protein powders alone will add up to you eating a full week’s budget in one sitting. By all means, if you want to work some yummy items into your budget, do it! But don’t confuse that extra monthly $300 of delicacies as a necessity. Your body and budget will thank you!

5. Satisfy Yourself with Your Favorite Subs

We all have an emotional tie to food. Maybe pasta reminds you of home! Or maybe a fresh-baked pizza is what gives you a feeling of comfort. Whatever you favorite food, find a way to work it into your budget in the best way.

We’re only human, and depriving ourselves of what we love will never end well. More often than not actually, it ends in take-out or a pricey-premade substitute.

Instead of finding yourself in this situation, find a way to make your favorite foods fit your budget. Zuchinni noodle pasta might just give you that feeling of home without breaking the bank. Or maybe you could google a healthy pizza alternative you would like that you could make at home. Often, something similar to your craving will be enough to give you a sense of satisfaction.

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Or, just buy your cheat meal and save it for a special day. That’s okay too!

6. Stick to the Cheaper Proteins

Okay, I know we all love steak. Unfortunately, buying pre-cooked or expensive cuts of meat are one of the easiest ways to drain a budget.

Instead of purchasing those, try buying frozen chicken or eggs. A 5 lb bag of frozen chicken can be as cheap as $5, and you can buy a whole weeks worth of eggs for just over $1. You could even try going vegetarian for a few meals if you really want to cut down on costs!

7. Buy Frozen Fruits and Veggies

I know, we all love our fresh fruits and veggies! However, sometimes frozen might be the way to go if you’re looking to cut costs!

Fruits and veggies are easiest to ship when frozen, making them a much cheaper option. Contrary to popular belief, scientists have actually found that frozen might be better for you too![2]

The reason is, frozen produce is picked at its prime and shipped immediately. Fresh fruit tends to be picked much earlier so it will ripen while being shipped. Not only does this make it less nutrient dense, but sometimes the fruits are actually pumped with artificial flavors to make up for the lack of real nutrients.

While I’m all for fresh fruits and veggies, don’t feel guilty if you opt for frozen foods due to a budget.

8. Bump up the Calories with Rice and Beans

The problem some people find when trying to eat healthy is that it can be hard to get the amount of calories you need without relying on expensive “specialty” items. Instead of stocking up on pricey gluten-free breads and pasta, I say stick to simple rice and beans as the bulk of your meals.

Brown Rice is very cheap and easy to use as a base for bowls and dishes. Likewise, beans can add a bit of fiber making you feel full and satisfied without having to spend a lot of money.

If you are trying to cut on body fat, use extra veggies as the bulk of your meal and add in rice and beans as a filler.

9. Try Acai Bowls

Acai Bowls can be a really cheap and satisfying meal as long as you do it right.

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You can find cheap fruits at most stores or just freeze your fresh fruits before it goes bad.

Making your own granola can save you a lot of money as well. The total cost for this delicious meal should only add up to a few dollars compared to triple that price if you were to buy one pre-made.

10. Make Your Own Meal Kits

Do you like your meals freshly cooked? Sending meal kits to your doorstep is an easy way to drain your budget. Instead, try making your meal kit at home! Not only is it fun, you will easily get a delicious taste.

Simply find a few simple meal cards or print some out and fill a ziplock with the ingredients for each specific day. Don’t know what recipe to make? Another option is to order one month of meal kits and recycle the recipe into ingredients for the upcoming months with ingredients you picked up from the store.

11. Don’t Drink Your Calories

A few dollars spent here and there can really add up! Just as with specialty items, healthy drinks can be a blackhole for you. An energy drink and kombucha and coffee each day could easily have you spending and extra $300 each month!

I you really need a special drink fix, try making your favorites at home. Bring a coffee in, make kombucha, or even try making lemonade with stevia or a healthy soda. You’ll be surprised w hat a big difference such a small change can make on your budget!

12. Buy Cheap Online

Just like anything else, it pays to be prepared. Buying foods from online retailers can be a really affordable way to save money as long as you’re prepared.

Plan ahead for those more expensive specialty items you can’t live without. It will save you tons of money compared to having to buy food from a specialty store.

13. Don’t Fret about the Clean Fifteen

One of the huge things that can mess with a person’s budget is eating organic. For the record, I am 110% all for eating organic whenever you can. However, for some people, it can be hard to make organic food fit into a budget.

Instead of scratching healthy eating for a smaller budget, try to buy meat and the dirty dozen organic, and don’t go crazy about the rest. The clean fifteen are the fifteen safest foods to buy that aren’t organic! Meanwhile, the dirty dozen is the most worthwhile avoiding. According to Produce Retailer, these are the dirty dozens:[3]

  1. Strawberries
  2. Spinach
  3. Kale
  4. Nectarines
  5. Apples
  6. Grapes
  7. Peaches
  8. Cherries
  9. Pears
  10. Tomatoes
  11. Celery
  12. Potatoes

14. Pay Attention to Storage

Keeping the food you have is just as important as how much food is in the first place. Try to stay on top of how much produce you can actually use before it goes bad. It might not be a bad idea to pencil an extra shopping trip in the middle of the week to keep food fresh.

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Investing in good food storage containers could go a long way in saving you in the long run as well.

15. Freeze Food Before it Goes Bad

Instead of getting mad at yourself at the end of the week for all the wilted produce you need to throw out, try freezing it before you get to that point.

Most frozen veggies will taste delicious in stir fries and soups. You can freeze fruits to make sorbet or smoothies. Frozen greens can be chopped up and tossed into just about anything for a nutrient boost!

16. Consider Ditching Most Supplements and Powders

I have nothing against superfood powders and supplements. However, if your budget is tight, it can be hard to fit supplements and powders in.

Instead of adding in powders, add extra nutrients to you food. Add lots of greens and veggies to all your meals to meet your nutrient needs. If you need a specific supplement, you can find great deals online as well!

17. Use Budget App

There are so many great apps you can download for free. One of my current favorite is HoneyDue because you can track your budget easily with your spouse. There are many options available, just find the one that you’re most likely to use. The ones that download your spendings automatically are often the easiest and will give you a more accurate number.

My husband and I use the same app, but have a separate budget for each of our weekly food plan and for our additional snacks. Keeping things separate can often be helpful to know exactly where your money is going. Plus, it can help hold you accountable if you have a significant other you are sharing money with.

18. Use What you Have

Most people have unused protein powders lying around in their cabinets. Instead of letting that go to waste, work them into your meal plan. Protein powders can make amazing doughnuts, pastries, or pancakes!

19. Enjoy the Process!

Finding ways to enjoy your new lifestyle will be helpful in sticking to it long term. Find fun in seeing how much you can save each month. Make a competition with someone to see who can stick to the lowest budget and create something fun to do for the winner with some of the money saved! Blast some music in the kitchen while cooking your new recipes.

Budgeting and health doesn’t have to be a drag. Make it fun and you’ll enjoy your new lifestyle long-term!

Featured photo credit: kevin laminto via unsplash.com

Reference

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