The Simple Guide To Conscious Spending Revisited

As we in the UK march toward the Diamond Jubilee (I have red, white and blue cakes planned!) it reminded me of a post I wrote over a year ago now.

Why I am a bit like the Queen

The above post links to a Guest Post I wrote for So Much More Life. It has never been posted here, so I thought it might be nice to revisit it. Enjoy!

The Simple Guide To Conscious Spending – Originally published March 2011.

For me conscious spending is knowing where every penny goes, or at least every pound. It’s about value for money, spending on what matters to my family and me and not frittering away cash. It’s not about being frugal, it’s about eliminating waste – I don’t mind spending money but I hate wasting money.

Due to living our family life this way it has meant that much of the last 18 years has been spent debt free (I am 36 now). Conscious spending has enabled us to travel, have lot’s of experiences and ultimately it meant that after our first child was born I could quit the 9-5, which I did. It has given us choices.

By consciously spending, rather than consuming, a debt free life is attainable. Every cent not spent makes a difference. It may seem insignificant at the time, but it’s not.

Questions to ask yourself when aiming to spend consciously

  • Do I need it?

This should always be the first question. Do I need it? Honesty is key here. It easy to fool yourself into believing a ‘want’ is a necessary purchase. Just look at the amount of unused gym equipment lying around people’s homes, not just tying up cash but also space and causing immense guilt in the purchasers lack of motivation to use it. Ask yourself many times ‘Do I need it?’

  • Do I love it? Truly Love it?

If you identify that you don’t need it but do really love and want it then this may be a good enough reason to go ahead with the purchase. So the second question should always be ‘Do I love it?’. Everyone should be able to buy something they really love, from time to time. This can be a legitimate reason for a purchase.

  • Can I afford it?

By afford it I mean truly afford it, not go into debt for it and pay it off later. Again honesty is key. Even if you can buy it outright still bear in mind that if you are looking to pay of debt elsewhere every penny you do not spend reduces that other debt. Look after the pennies and the pounds will look after them selves is a famous British saying.

  • How many times will I use it?

Consider how many times you will use it. This can make a buying decision harder or in some cases easier. For example I purchased a dress for twice the price of another, but knew I would wear it at least 5 times more than the other due to it’s versatility. The lower cost per wear is what I based the purchasing decision on.

  • Do I have something already that already serves the same purpose?

Sometimes you can forget you have something. One way to eradicate this is to declutter and have a clear inventory of what you have. When a need arises, you may already have something that serves a purpose, don’t always reach for your wallet. One tip is to think laterally. If you need to exercise, if you are lucky enough to have feet and they work – use them! Don’t buy a treadmill; there is limitless road out there to hit

  • Have I purchased it the best way?

I’m not a bargain hunter, because if I have made the decision to purchase then I need the item and am happy to pay for it. I do of-course do a check that I have the best deal (as far as I can see) and have checked that there aren’t any additional discounts available. I also do not bargain hunt as this can lead to inaccurate purchases and also additional purchases due to browsing.

  • Can I wait for it?

We live in a time where everything is immediate. Do you remember as a child waiting for your birthday, and receiving a gift you really wanted? Even if you buy it yourself for your own birthday, it makes it that little bit more special. Don’t cheat and buy it early. Waiting also encourages a natural cooling off period, which confirms whether you really do need/love it.

  • What will I do with it when I no longer need it?

Sometimes to spend a little more is the better option long-term.  When we bought our first baby buggy we spent a lot on it. It has lasted 6 years and I still love it, it is incredibly functional and still has a good resale value all these years later. I’ve seen other new Mums and Dads replace and change buggies and overall spend considerably more that we did on our first investment.

  • Have I slept on it?

Never impulse purchase! If you see something you want or have identified that you ‘need something’ make sure you sleep on it. Give yourself a cooling off period. 1 week is ideal as there are very few things that cannot wait a week. As long as you have given the above 9 questions some thought - If you still need it and/or love it and you can afford it, then buy it!

Agree/Disagree? Please share!

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Looking For Inspiration?

My writing mojo has taken a hit this week. I have to be in the right frame of mind to write. My thoughts have been elsewhere. This is not something I’m proud of. I feel I should be able to write-through whatever life’s throws at me, but I can’t.

So, looking for inspiration I put out a call to action on Facebook. To which Shelley kindly responded. It was suggested I post about saving on electricity by line drying etc…

Well…

I do line dry, but I don’t think I could write an entire post about it. However Shelleys’ much-needed suggestion made me think.

What is it that we do each day that makes a difference, not only to our wallet, but to reduce waste of resources?

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SuperScrimping – Reducing Your Grocery Budget Plus Simple Spaghetti Bolognese

Channel 4 are showing a great series at the moment called SuperScrimpers.

I’m loving that being frugal is now considered ‘on trend’! Yay! Finally!

As one of those that has been part of this growing community for 3 years plus, it’s refreshing.  What it does mean, however, that as an experienced SuperScrimper the show can’t teach me much I don’t already know.  Disclaimer ;-) – I don’t scrimp in all areas of my life. I don’t mind spending money but I hate wasting money! It’s about spending on what really is significant to you, not frittering it away here and there, but rather practicing Conscious Spending.

Those who have been following this blog for some time will know that in September 2011 I decided to reduce my grocery budget by 50% through choice.

I think now might be a good time for an update, and to share a healthy and nutritious recipe that would make any SuperScrimper proud.

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SuperScrimping – Patching It Up And Polishing It Out

This post was originally planned for yesterday but I’m glad I delayed it, as last night I watched SuperScrimpers on Channel 4.

It would appear that the subject of this post is becoming popular once more.

Patching it up, polishing it out, making do and mending. And of course reducing what we waste, be that food, cloth or just items that we would once have disposed of, that we can breath new life into.

Repair rather than replace.

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So…How Did I End Up Shopping At Aldi?

Let me take you on a journey…

Sit back and relax…

Firstly I posted about reducing grocery spend and a dear reader, Sharron, whose opinion I respect suggested I may want to check Aldi out. I wasn’t convinced it was for me, but I like to think I have an open mind and believed Sharron may know her stuff. It went on the back-burner.

Then this post went up over at The Frugal Girl. Kristen is one of my very favourite bloggers and I trust her opinion. In 2010 I read a review of a book that she’d been badgered to give by the author. Her honesty and willingness to share objectively with her readers was never in any doubt for me from that moment. You can read the review here. If you want to check my comment out it was under my pre-blogging peusdonym SimplyJo.

Upon reading The Frugal Girl’s post on her trip to Aldi’s test kitchens, I commented and Aldi UK contacted me. They very kindly offered to send me a few samples of some of their award winning products. I accepted. To attempt a grocery shop at Aldi was on the ‘to-do’ list, so it would be great to get a preview of some of their products.

Then Aldi went up in my estimations ten-fold by kindly agreeing to send Sharron (my dear reader) some samples also. After all, Sharron had recommended them.

A few weeks passed, and I still hadn’t tried out a grocery shop at Aldi. I was keeping to my reduced budget of £50 rather well, albeit it was taking 4 to 5 separate locations to achieve this.

Then I had a bad day. Arms dropping off and brain ache, I began questioning whether there could be another way? Could I get my groceries from one location and stay in budget? The cogs started whirring.

Eventually I did my grocery shop at Aldi, managing to get all the items on my list apart from lasagne sheets (I still don’t understand why these aren’t stocked – bizarre!) and milk (delivery hadn’t arrived). The total spend came in £8.89 under budget.

Last Friday I did my second shop at Aldi and spent less than the previous week.

And I grabbed a bargain – A £19.99 running jacket reduced to £7.99…

Whilst there I picked up the majority of the ingredients and foodstuffs for my Simple Dinner Party.  I’d already made the meringues and had a few storecupboard items to hand.

The cost of the ingredients for the main and dessert came to;

£23.24 – Aldi

£32.51 – The Supermarket I would have used normally

A saving of 28.5%

(Please bear in mind this cannot be scientific – it is an estimate, but it’s as close as I can get it!)

I’m keen to let you know what Sharron and I thought of our samples, but this is a long post as it is and it’s bedtime in the UK (I thought the background to it all was important before I start talking about product. ) …so it’ll have to wait for another day :-)

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My First Ever Grocery Trip To Aldi – The Verdict!

It’s been an interesting few months since reducing my grocery budget to £50 a week.

There’s been highs and lows. I’m managing to stick to the budget, but it’s requiring some effort – for example having to shop at 4 to 5 separate locations.

So last Friday I decided to try and do the whole of my grocery shop at Aldi.

Being totally honest, I wasn’t feeling overly optimistic. I had been in Aldi a few times, not for groceries but rather running apparel (which is fantastically priced in comparison to branded) and hadn’t really felt compelled to try a food shop.

Following my usual Friday routine, I headed off list in hand. The plan was (oh there’s always a plan!) to get as much as possible off the list and then top up from elsewhere.

So how’d it go?

I didn’t tally up as I went round. I just stuck to my list.

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We’re Having A ‘Use It Up Week’!

I mentioned Friday that I had a ‘Use It Up Week’ planned. This was mainly due to the guilt of my overspend on the previous weeks groceries. I’d spent £75 by online grocery shopping, which is 25% lower than what I used to spend but it’s still £25 more than what I have been spending the last few weeks. If anyone’s in any doubt how much blogging can keep you on track with developing new habits – don’t be! Since I posted about my reduced spend I feel totally accountable to meet that target as much as I possibly can…

As a fanatical meal planner I don’t carry much surplus in my cupboards, fridge or freezer, there’s no need and I believe it leads to waste. I like to think I work on more of a ‘Just In Time’ basis. But food items do creep into our home, so every once in a while I have a ‘Use It Up Week’.

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How To Reduce Your Weekly Grocery Spend By 50%

At the end of June this year I conducted a Cooking From Scratch Experiment. I learnt a lot from doing it. Most of what I learnt came from you dear readers and your feedback. It made me think about how I was grocery shopping and preparing my meals, including the ingredients I was using and what I was purchasing.

The experiment concluded that by ‘Cooking From Scratch’ you can save in excess of 40% on ready-made foods, for me personally this could mean an extra £1500 plus each year (post tax) in the bank. My conclusions I have posted over at Ex-Consumer this week in the post Buying Ready-Made Foods Versus Cooking From Scratch.

I may not make any money from my blogging endeavours, but I certainly save money! Reading and writing about minimalism and leading a simple life keeps my

‘Head In The Game’.

Today I’d like to share how since conducting the experiment I have managed to reduce my weekly grocery spend by 50%. Chez Wright’s Grocery Budget was £100 a week, for the last few weeks I have managed to spend just £50.

This is how you could do it too:

  1. Challenge yourself to stick to a new reduced budget! In my case I decided to ‘go for it’ and halved my budget. I didn’t know if it was doable, it was. Reader feedback from my experiment made me question whether I was spending ‘up’ to a budget. So I decided to spend ‘down’. I had £50 and that was it, I had to choose wisely.
  2. Meal plan, meal plan, meal plan!!! I cannot emphasise this enough. Whatever your budget, you need a plan. Haphazard grocery shopping leads not only to wasted money but wasted food. If in doubt check out The Simple Guide To Meal Planning.
  3. Look at alternative ways of doing your shop to reduce cost! I have always been a fan of online grocery shopping. It’s highly convenient, it’s reduces browsing and impulse purchases and makes it very easy to stick to your list based on your meal plan. However it became apparent I was becoming complacent. For a while I’d been shopping for a few things in the high street as prices were considerably cheaper at my favourite shop Home Bargains. I started noticing that many staple items were up to 50% cheaper than I was paying online. I now use 2 hours of my time each week to physically shop. I write 4 shopping lists. One list for Home Bargains and staple items, one for the freezer shop (milk, ice-cream etc), one for the outdoor market where I buy fresh produce and one for the butchers. I’m lucky that all these are all in the same vicinity.
  4. Carry your shopping! I do drive to do my shop, and I park on a car-park. I then have to carry at least two separate loads back to the car. By carrying your shopping I guarantee you will think twice about popping that impulse purchase in your trolley! Last week I do not know how I got back from the market and butchers to the car, my arms were dropping off… and think of the calories I burnt.
  5. Reduce the amount of meat you eat! Not everyone is cut out to be vegetarian. If you can follow a non-meat diet you can indeed reduce your spend, and of course there are many other reasons for doing it, but it is deeply personal thing for everyone. I’ve never been a big meat-eater, and ensure that what meat the family do consume that it is of high quality. A simple way to reduce spend is to cut back on meat products or put less meat in your dishes. Our Sunday Roast now consists of Toad in the Hole which uses approx. 6 high quality sausages rather than a joint of meat. This is about a 60% cost saving.
  6. Think alternatives! As with switching a meat joint for sausages, think of alternatives to reduce cost. This could mean switching brands, for example I now pay 79p for 36 Breakfast Wheat Biscuits instead of over £2 for the leading brand. We haven’t compromised, the quality is comparable and they taste great. You could also compromise on the type of product. I always purchased freshly squeezed Orange Juice, and it was costing up to £5 a week. By reducing the quantity and type of OJ I buy it now costs less than £2.
  7. When it’s gone it’s gone! By Thursday now we are out of OJ most weeks. Too bad. We now wait till the next weekly grocery shop is done, no nipping out and restocking. Every time you enter a shop you will spend more money than you anticipate unless you are very disciplined. Not having an infinite supply of something makes you value it more. If the Hubby want’s the OJ to last 7 days, he needs to put a little less in his glass each morning. Aren’t I cruel? Don’t worry I’m hard on myself also, the coffee was rationed this week as I could see it was diminishing. So I drank a cup less a day – no bad thing eh?This post over at Zen Habits is worth a read.
  8. Reduce Luxuries! Certain things enter our grocery shop as luxuries, get cosy and end up being a staple item. I’ll admit that pre-summer we were easily buying and consuming 3 bottles of wine at an approx. cost of £15 a week. I had a budget of £100 and very often would find once I’d spent £80 I was done and would then wine shop. This has stopped. There is no need for us to have wine each night with dinner, particularly as I am training for a half marathon and alcohol dehydrates the body (I’m dehydrated enough!). It had become a habit. I now buy one bottle a week.
  9. Stretch what you do have! If making a spaghetti bolognese add extra tomatoes or mushrooms rather than mince to increase servings. When making Chilli use extra beans such as kidney and haricot to reduce meat content or eliminate meat altogether from the dish as I have now done. Pour a little less custard over a piece of apple pie so it goes round further, drink a little less OJ or wine, or coffee. Just a fraction less of each will make a big difference overall.
  10. Cook more from scratch! We have come back to where this post began. I’m in no doubt that by using basic ingredients rather than ready-made products that you can save money. My spaghetti bolognese sauce consists of toms, garlic,onion, stock cube, black pepper, herbs and puree, it’s cheap and I have it on good authority it’s as tasty as anything that comes out of a jar.
What could you be doing to reduce your grocery spend? Could any of the above help you to save a little more?
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True and Unrequited Love

Don’t worry Guys I’m not about to get all soppy on you.

It is of course St Valentines Day.

We don’t celebrate it at Chez Wright (that’s what you get for marrying an Accountant with minimalistic tendencies) but being as the rest of the world is getting lurved up I thought I’d share something with you that is dear to my heart.

Spending, or in my case – Conscious Spending.

Today I implore you before you make any purchases (romantic ones or not) say those three little words… not ‘I love you’ rather;

  • Need
  • Love
  • Afford

Do I need it? Do I love it? Can I afford it?

There are more questions to be asked, but these three are key. If you want to know what else I ask myself then head on over to

The Simple Guide to Conscious Spending

However if your issue is more unrequited love – you do love it but can’t really have afford it, then why not get some advice from The Minimalist Mom who has guested over at Minimalist at Home

Three Steps To Wanting Less

Have a lovely St Valentines Day everyone – however you choose to spend it or not spend it

:-)