How frugal can you get?

Over 18 months ago, I lost my job. In addition to the very unsettling nature of having something like that happen to your household, I felt extra worried. Mainly because, I felt like we were already living a pretty frugal lifestyle. I mean, you know those crappy “How to save money” articles that tell you to “Paint your toenails yourself instead of a weekly pedicure” and “Skip the daily latte at Starbucks?” Yeah, not helpful, to someone who doesn’t get pedicures weekly (only if there is a daily deal) and drinks coffee at home. We have a pretty modest house, cars that are paid for, was already a supercouponer getting tons of stuff for free and so on. What else was I going to trim?

 

Well, I turned to my friends and fellow couponers, in a thread I started at hotcouponworld.  Getting a bit smarter, I have been able to trim. I now use a meal planning service which is easily saving me $20 a week on groceries. Eliminating waste and using my own Garbage Day tips also keeps our grocery bill down, probably another $10 a week. I’ve also worked on bringing money in to our home, via surveys, superpoints and other methods.

 

The best part is that I really don’t feel like I’ve sacrificed anything. I have two small children, so that in itself is self-limiting as far as restaurants and outings. We go to free parks a lot, we take advantage of the freebies and half-price discounts at different venues, and it’s really working for us.

 

I’m reposting all of this, only to give you a summary of some ideas, if some of your 2012 resolutions are to save more money. Give them a read and see what tips you can put into practice.

Great dining + Great prices=Restaurant weeks

A trend that is really gaining steam is the concept of Restaurant Weeks. If you don’t know, this is what a Restaurant Week is: In a given geographic area, like a city, a bunch of restaurants band together and pick a week to be the Restaurant Week. Generally they are held during their slower months, which here in the northeast is January-March. They come up with a fixed price for lunches and dinners, and for one week, you get that price. Usually, at least in this area, the price includes three courses–an appetizer, an entree and dessert.

 

This can be a great way to try new restaurants without investing a ton of money, visit restaurants that would typically be a “special occasion” restaurant to you, and beat the winter blahs. Here are some restaurant weeks planned for this region. Check them out and plan a date night! Click the links for more information and participating restaurants.

Atlantic City: March 4-10, lunches are $15.12, dinners $33.12.

West Chester, PA: not posted. Had one in 2010, but not last year.

Philadelphia: Hosting two weeks! January 22-27 and January 29-February 3. Lunches are $20, dinners $35.

Wilmington, DE: Dates not posted yet, last year is the last week of March and was $15 for lunches, $35 for dinners.

Newark, DE: January 23-29. Meals are in different tiers, ranging from $10-$25. See link for details.

Free movie screening for Play Again-Kennett Square

Are you worried that you and your family spend too much time in front of a computer, phone, or video game screen? I have a newspaper column about the outdoors, called “The Kennett Paper’s Great Outdoors.” As a result of that column, I was introduced to the film Play Again. There have been several screenings in my area already, but I’ve inspired some of my readers to host their own. It’s January 14, 10 am at the library in Kennett Square. Awesome, awesome, reality-checking, eye-opening movie–a must see for parents! If it’s not near you, check their website to see if it’s coming near you or host your own screening as a fund raiser for some group.

 

Raising Smart Spenders: TALK to your kids!

raising smart spenders I’m not one of those adults who looks back on her childhood and whines. “Wah wah wah….you didn’t do XYZ for me.” That’s not me. But the truth is, my parents didn’t do such a great job in teaching us about money, what it is and how to manage it. That’s a cycle I hope to break with my own kids. I’m sorry if this hurts my dad’s or my brother’s feelings (they both read my blog occasionally) but both are not that great with money.

 

As a teen or tween, I distinctly remember my dad and stepmother having conversations about money, and if I commented or asked a question I was told “This is a private/adult matter.” Now that just makes me do a big eyeroll (which I probably also did as a teen) followed by an even bigger WTF??

 

Why is it, we don’t talk to kids about money…….because it’s a “private/adult matter”…… then all of a sudden, we shove them out the door at 18 or 22 and expect them to know how to do it? Really??? Does that make sense to anyone?

 

In my parents’ defense, our family was not alone. LOTS of families do not include children in financial conversations. Get a grip people, this is part of being a parent. And if it makes you uncomfortable, too bad. Just like sex, violence, bullying, drugs and all the other tough conversations, we have to talk to them about money. Their lives depend on it. One of the financial people I love to read and follow is Suze Orman. I’ve even gone to see her speak live at QVC, yes, I’m that much of a nerd. Other people go to rock concerts, I go to hear Suze Orman speak. But she has done many essays, writings and even a few books on teaching your kids about money. They need to know. Of course you take it down to their age level, but they need to know.

 

What is an expensive car? Is it $5000 or $50,000? Is $100 a month a decent electric bill? Because I know a family paying almost $800. Is that too much, or to be expected? How will their kids know the difference? What is a reasonable monthly grocery bill?

 

It’s ok to be truthful. It’s ok to say “We don’t have that in the budget right now.” Kids need to know that life is a budget, and if you don’t have the money, you don’t get it! I’m not saying that you lay it all out there–your salary, your investments, for the kids to blab on the playground. But money CANNOT any longer be a taboo subject in families.  Do you tell your kids how an ATM works? Do they think that money just magically comes out of it? We live in an age where credit and debit cards reign king, but kids need to know how they work. They need to know where that money comes from–your hard work! Did your child get a gift card this past week? Sure, let them splurge. But use it as a teachable moment–you won’t regret it.