Hobby: Saving Money

My husband often comments, “Saving money is your hobby.” Yep, he’s right!

July Recap

Posted by hobbysavingmoney on August 5, 2008

For the month of July our food and household spending breaks down like this:
18% – household (includes prescriptions)
53% – grocery
29% – dining out

Overall, we were $21 over budget.

What we did well: stocked up on household goods (50% of the expense was water filters that will last us 6 months), bought free after rebate items

What we need to do better: not overbuy groceries (our pantry is plenty full), re-evaluate dining out strategy

August goals:
Stay within budget!
Buy only groceries that are needed for the given week
Only purchase household goods that are FAR or needed immediately (ie toilet paper)

 
On a positive note, our current budget is only 38% more than my personal budget was when I was single. Considering that I married a 6′ 3″ amateur chef, I’d say we’re doing pretty good. And our monthly spending is down about 20% from what it was 6 months ago. If we have reduced spending hat much during a time of inflation, I’d say we’ve done a good job (especially considering how stocked our pantry currently is). Now I just need to actually cook from the stockpile.

One Response to “July Recap”

  1. Katie said

    Hi. Thanks for the Polenta tip. I will try using cornmeal! Good luck with your blogging and frugal living. Will check back with your blog in a few days! :)

    http://www.brabson.blogspot.com
    http://www.brabsonfamily.com

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