Saturday, August 11, 2007

Grocery Update- My Budget is inadequate!

My total receipt from the store this week was:

$125.93..... eeek! How much of that was groceries.... not much.

I broke it down like this:

$71.52 was honest too goodness grocery expenditures.
$54.41 was stuff we needed but had not budgeted for at ALL

So what did the 54 consist of? dog food, shampoo, magazines and pull ups for the little one.

I am beginning to realize my budget needs a serious overhaul. I may have to limit my debt payment a bit more so we can afford to eat. Well, not really eat, but obviously shampoo is a necessity (I will go into greater detail with that in a seperate post. Of course the magazines were 9 dollars.... ouch. I thought I was going to get a discount on them but apparently not as much as I thought.

Now, last week I told you I was going to add up the total I got for buying store brand vs. name brand. My total this week was $6.45. I could not believe that!! It would be higher but I bought only two cans of veggies to try out. Next week I will buy more if we like them. The true total is $6.90 because if I consider the extra tax I would have paid on the savings it brings it to an extra 45 cents. Not too shabby in my opinion.

So, the grocery experiment really is going close to what I had planned, the problem is that there are extra expenses that need to be budgeted for. So even though I am spending more than I planned, I am also learning a lot about myself and my finances. I will be posting soon what my action plan will be to deal with this and about the shampoo problem....


paidtwice said...

the "grocery" budget is seriously the bane of my existence sometimes. ugh. by some miracle in July overall I managed to be close to budget but august is already shot and it is only the 11th.

Good luck figuring out what works for you! and I am a big beliver in store brands generally :)

Jen said...

It is always hard to figure out how much you are going to spend on what you eat. I guess mainly because you don't want to eat the SAME thing all the time. Hey, if I could make it on ramen noodles I'd be a millionaire.... I wonder if I can talk my kids into that :)