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budgeting tips

Budgeting

An Easy Way To Budget For Groceries

My husband and I like to eat, and I would say that we are both fairly big eaters.  We eat a lot of fresh produce and keep our fridge stocked full of a wide variety of veggies and fruits.

That being said, sometimes I find it difficult to keep our grocery spending in control.  In order to control our spending, we came up with a plan.  Here goes:

We decided to limit our spending to $400 per month for groceries.  Each month I keep track of every grocery purchase I make.  At the end of the month, I total the amount and see how we did.  By keeping track of our grocery spending throughout the month, it has been easier for me to know where we’re at.  It eliminated any guessing.

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Budgeting

Is It Best To Use Cash?

There are all sorts of theories out there for people to try to rein in their spending.  Some experts recommend using cash to pay for everything as then it makes some people more aware of just how much they are spending.  It is somehow psychological, but if people use cash it is more meaningful to them than if they pay with plastic.

Others suggest using cash is easier for budgeting because you only take out so much money per month and once the cash is gone, you know you cannot spend anymore.  Using cash is also good if you have trouble paying off your credit card balances every month.

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