5 REASONS WHY YOU SHOULD NEVER HAVE A CAR PAYMENT

5 REASONS WHY YOU SHOULD NEVER HAVE A CAR PAYMENT

For middle class America, car payments are a normal way of life, everybody has one! I’ve even been told; “a car payment is a sign of being an adult”.

Yes most of us were raised to believe that this is the norm and that every car we own comes with a car payment! This does not have to be true! In fact, today more than ever before it shouldn’t be true! It has to change!

We all know that excess credit card debt is a bad thing and that student loans are outrageous today! But for some reason car payments (as crazy expensive as they are these days) get a free pass when talking about debt and money smarts.

There are many reasons why this is, for one it is because of the way it is constantly advertised to us. Second it’s because cars are necessary (yes for most of us a car is necessary, but not the payments J) and third is that we feel the value when driving a car and physically using it. That all being said, no car is worth what we lose when we have a car payment!

Car payments are stealing your money and here are 5 reasons WHY YOU SHOULD NEVER HAVE A CAR PAYMENT:

  1. Depreciating in Value

When something depreciates it reduces in value with time. Cars depreciate in value faster than almost anything!

We all pretend like spending $36,000 on a new car is acceptable! However; if we had that racked up on a credit card we’d be banging our heads against the wall!

Here’s where the problem lies in thinking the car payment is okay: What’s the big difference?

According to Kelly Blue Book the average new car price in January of 2018 was $36,280.

This means that half of the new cars purchased were more expensive than that!!!!

If I bought $36,000 worth of clothes on a credit card people would say that I have a spending problem (and they’d be right). Also, after some time of wearing those clothes (hopefully a long time for that price) they would no longer be returnable. Sure I could sell them in a garage sale and get some money out of them but never the full amount that they cost me when they were brand new.

Now let’s look at cars. If I spend $36,000 on a new car (below average) most people would find that perfectly acceptable. However the same thing happens to the car as it did with the clothes; each time I use it, the value of it goes down. I could never sell it for what I paid for it and as time goes on the value keeps going down.

 

5 Reasons why you should never have a car payment

 

In the meantime, I’m making payments each month (with interest) on something that I am wearing out faster than I am paying off.

Cars should be looked at as a necessary expense, but the payment isn’t. We spend enough on car maintenance and repair to not have a car payment to add to it! And it’s never worth it to buy a new car for how fast they depreciate in value.

 

  1. Opportunity Cost

The opportunity cost of money is basically the missed opportunity of what you could do with your money if you had not been spending it on car payments. Basically what are you giving up in order to make those car payments, 401k, vacation, investment, savings, buying a house etc.

Our car payments are robbing us from being truly wealthy and successful with money! The average new car purchased in America is $36,270 according to Kelly Blue Book and most people who take out a car loan and make payments on that for many years to come.

According to Edmunds.com:In 2014, 62 percent of the auto loans were for terms over 60 months. And nearly 20 percent of the loans were for 73- to 84-month terms.”

So not only are car prices getting bigger, but we are paying for them for a longer amount of time! Therefor taking away all opportunity that we had to put that money to better use! Also here’s a thought, after 60 months (five years) you have an “old” car on your hands…time to go get a brand new car and repeat the cycle.

5 Reasons why you should never have a car payment

 

-Leases are no better, you are just making a car payment for something that isn’t and will never be yours (again charging you an opportunity cost of that money).

Breaking down the car payment:

The average interest rate on an auto loan was 4.21% in 2017. That means many rates are higher than that! So not only are you making outrageous payments on something that is tanking in value but you are paying interest to do it!

So we have the average new car price of $26,270 and the average loan rate (remember this is average so half of them are higher! Scary!) of 4.21% over the average car loan term of 60 months….putting that into a payment calculator (google it) comes out to

Beep…Bop…Boop…..

CRUNCH:

$670 per month!

 

That is what the “average” American is spending per month on a new car! If you are not shocked by this think of this –according to the census bureau for 2016 the average household income was between; $57,000-$59,000 annually.

That is a take home pay after taxes of $3,900 per month! Are we killing ourselves with car payments here? Not to mention student loans, house payments, credit cards, and putting money away for when you finally get to retire!

What could you do with that extra $670 a month that is being wasted on a car? Is it really worth it?

 

  1. Interest Working Against You

The average interest rate on an auto loan was 4.21% in 2017. Sure that’s not as bad as some credit cards but it does add up over time, especially on $36,000. Instead of paying someone to spend money we don’t have in the first place we should be getting interest paid to us!

How do we do that?

What if we live with the car we have for a few years or buy a cheap car and start putting a “car payment” worth away in a money market or mutual fund account? This would mean that the amounts we are saving to buy our next car would actually being growing interest FOR us!

On top of this, when you go to a car lot with cash, you can always negotiate a better deal than if you are asking for a car and begging to be accepted for a loan in the process. Doing the latter puts you at the mercy of the car dealer (and they aren’t known to be merciful).

Check out Dave Ramsey’s 5 Tips When Buying A Car.

 

See exactly how this works:

 

  1. Save Your Payments

As explained above; if you were to save or invest your car payments rather than let the bank do it, you are gaining interest rather than paying it.

If you can be proactive with your money rather than reactive. You can live without ever having a car payment.

Being proactive would be saving your money for a car realizing that cars have a limited lifetime before they fall apart. Being reactive would be to wait until your car breaks down to think about needing to get a new one and not having any money to do so. This is what most people do.

Instead, be a proactive person! Think of your health:

A proactive person exercises and eats healthy in order to keep his/her body from getting sick.

A reactive person does nothing until they are laying in a hospital bed about to have an operation due to not proactively taking care of themselves.

The same is true about our financial health. We should be PROACTIVE in all our financial matters! It is how we are able to pay bills on time, take a vacation, and eventually retire!

Why should cars not fall under the category of things we save for? Because it’s easy to get a car loan? Because it is considered normal?

Being normal is being that reactive person on the hospital bed. Normal people do not run marathons and normal people do not become wealthy.

It is something that must be proactively worked on! It takes time but it is worth it! Financially successful people know these reasons why you should never have a car payment and they avoid them like crazy!

Which brings us to #5 which is one of the most important points about car payments that financially successful people always keep in mind:

 

  1. Time Adds Up

Spending 60 months on a car payment kills 5 YEARS of potential investing or doing ANYTHING else with that money. Instead you are left with a $5,000 dollar car and nothing in your savings or retirement from those car payments.

5 Years of paying someone else with interest is a long time! Not to mention the actual principal payment amount! Imagine putting that money into an investment every month or just under the mattress! You would have around $40,000 to do whatever you want with!

When it is spent on a car payment for that long, it is wasted on something that is really a luxury. If you can afford it and still put money towards everything else you want to in order to reach you goals (for example if you are a millionaire) than go for it!

5 Reasons why you should never have a car payment

 

For most of us however; it is foolish to waste that money over such a long period of time on a new car. And as stated before, after 5 years…you are left with no money and an old car, only to repeat the cycle again.

As explained in the video above; save your payment and start making time work for you! Ask anyone over the age of 50 and they will tell you that they wish they would have started putting money towards retirement earlier than they did…because time plus compound interest works miracles! But that’s another topic all together.

When it comes to money and looking back on what we “should have done” time flies by! Think about how you could have saved more for college or not spent so much on that last….fill in the blank. The same goes for your car payments.

The time will go by no matter what you do with your money, so do the thing that will benefit your goals and dreams the most!!!

So to recap 5 reasons why you should never have a car payment:

 

  1. Your Car is Rapidly Depreciating in Value

  2. It Robs You Through the Opportunity Cost

  3. Don’t Let Interest Work Against You

  4. It’s Better to Save Your Payments

  5. Time adds Up –Have Something to Show For It

 

For middle class America, car payments are a normal way of life, everybody has one! Is it our goal to be like everyone else? Do we want to achieve normal?

No if you are like me you have dreams and goals that sound scary when you mention them out loud! They get you tingly and excited when you think about them for 5 minutes! Don’t let the excitement of a new car rob you of what you really want for your life and your future!

I wish you all the success and happiness in your daily life!

Get Out of Debt Faster Without a Car Payment
5 Reasons Why You Should NEVER Have a Car Payment
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TOP MONEY SECRETS OF REAL MILLIONAIRES

MONEY SECRETS OF REAL MILLIONAIRES

When we think about “success” we think money. When we think money, we think of having so much of it that it no longer brings concern. Some of us may even think in numbers like millions or billions.

If you have any ambition to be successful at all, why not learn from the best?

I’ve studied millionaires for the past 16 years and becoming a millionaire has been a life-long dream of mine since I can remember! Although at first, of course; I didn’t have much of a plan. It was just wishful thinking; a dream rather than a goal.

Through the years however I have taken the wonderful advice of the ones I have studied and applied it to my daily life. After hard work and detailed application, things began to fall into place in ways that have taken my life and turned it around 180 degrees.

By applying the things, we learn; our lives can start to look like the ones we want to emulate. It’s so easy to read quotes, read books, and watch movies about other people’s success stories fiction or non. It’s so simple to then dismiss their success as a “fluke”, or just cracking it up to it being what they were “destined” for, but that’s not OUR lives. It safe to stay put. To not ever go out of our comfort zone. Safety isn’t success it’s average.

Here are 18 Things that typical millionaires have in common regarding good personal and money habits:

  1. Get Up Early

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You don’t have to be up before the sun. But being up before people start pestering allows for time to focus and get the most done. It also allows for Personal time. Spiritual time. Mental time. These 3 things are things the world and other people do not allow for you, so you must chisel time out for yourself. Being up before the world starts pulling you each and every way allows for that time.

  1. Get Self-Employed

This one seems like a no brainer, it also seems to be said a lot these days with youtubers and bloggers up the wazoo. It was background to me for a long time. Something I dismissed for some unknown emotional reason. Self-doubt perhaps. But this one is truly an important factor. Either by a side-hustle or full on business getting self employed allows you the freedom to bring in any amount you set for yourself. Start with a budget!

  1. Take Risks

Taking risks is so far out of most people’s comfort zones that they literally never will do it. Not even once in their lives. Millionaires however have all taken some risk. Either on themselves or in an investment. Learn what risks are practical, safer, and will yield a return and then start.

  1.  Invest Consistently

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Learn the numbers and get comfortable with it. Take a course, ask an advisor, do whatever it takes for you to understand what you are doing with your hard-earned money but then do it. Teach yourself how to make your money work FOR you.

Invest often. Don’t get scared and quit. Don’t sit on one investment. Invest often.

Invest early. It’s the hardest and most important phase for getting a foundation under your belt.

  1. Gratitude and Satisfaction

Millionaires are people who have had massive amounts of gratitude and satisfaction throughout the entire process. They learned early on to enjoy the journey. By being grateful in our present states and having satisfaction with the things we have and the achievements we have conquered we stop looking outside of ourselves for happiness. The happiest people have the most to offer the world.

  1. Cut Waste

Becoming a millionaire isn’t always about MAKING more money. Part of it is taking care of what you have and not wasting it. See: the best ways to start saving! That goes for time and resources as much as belongings. Cut the waste out of your life as much as you can and keep what you have and your life will see great returns. See the best ways to cut the waste out of your grocery budget!

  1. Be the Best NOW

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People who are successful are typically the best in their field or expertise. Be the best NOW!!! Don’t wait until the money starts coming in. Give the best of yourself. Show up. Excel at whatever you are doing but excel NOW. Be the best waitress. The BEST cashier. Smile. Bring Joy and value. Make people laugh. Be attractive and you will attract. If you hate your job, change it. If you can’t change it create a business, you will love. Just remember you can’t start a business tonight and quite your job tomorrow, it will take time. But the time will pass if you start one or not. So, you might as well start creating your future today. While you are at it though, be the best version of you.

  1. Figure Out Your “Why” First

If you don’t have a reason you don’t have much of a pull. How will you be willing to do what it takes if you don’t have a reason behind you. It doesn’t have to be profound or elaborate. Figure out what your reasons for stepping out of your comfort zone and into the unknown are. This will keep you going in the hard times. This will be the drive to get you to the top.

  1. Believe in Yourself

More times than not we sit on the sidelines watching. We are all afraid. Don’t be fooled. All the millionaires I’ve ever spoken with have had a point in their lives where they were afraid.

Most millionaires didn’t have parents who handed them a bank account after school. They came from where you sit today or worse. Also most of them were so scared and they didn’t know what to do, but they kept putting one foot in front of the other. You can’t run the race sitting on the bleachers. You have to get off the sidelines and start. Believe that you have something to offer that no one else does. The world is waiting for you!

  1. Start Small

Little sacrifices add up. Start small and slow. You don’t have to go all in. Just do 1 small thing each day that moves you forward. You want to build momentum. These millionaires didn’t get here in a day. They followed a process. They started small and slow and eventually they won the race.

  1. Plan B

It’s important to have a plan B. Otherwise we let road blocks get in our way. We set ourselves up for failure. Create a plan B to keep moving forward. There will always be road blocks and doors that slam shut. Don’t let it be discouraging.

  1. Don’t Purchase These 2 Things

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There are 2 things in life that we are programed to need, want, and continually buy. New Car’s and New Houses. Resist the urge as much as you can. As the money starts to come in remember that the Mazda you drove to get to class will still get you around. The house can be fixed and upgraded.

  1. Make Your “Millions” Come to Life

What does being a millionaire mean to you? It means something different to each person. There are no two people alike. A millionaires lifestyle to you will be a completely different picture to me. Paint your picture. Dream. Visualize. Sometimes when we think “millionaire” we think in money, but money has no feeling. Think about what a day in your life would look like if you made a 7-figure income. This is your million come to life!

14. Planning, Commitment and Perseverance

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Plan your money so you have plenty at the end of the month. By making more or cutting expenses, whichever you prefer. Create and commit to a plan, then persevere. The hardest part is perseverance through the hard times.

  1. Get Rid of Bad Debt

Learn the difference between good and bad debt. Avoid consumer debt at all costs, but don’t neglect the benefits of good debt. Good debt is a debt that is an investment that will grow in value and generate long-term income.  Purchasing a home would be an example of “good debt.” It is an asset that typically grows in value and is sold for a profit.

  1. Avoid Peer Pressure and “The Jones’s”

Its super easy to get sucked into the trends and what other people are doing or having. Social media makes it even easier to be constantly up to date with what everyone is buying.  This is where remembering your “million come to life” comes in very handy. Always having that scene playing out in your head of what your day will looks like after you achieve your goals is the perfect tool to keep you on track and let the Jones’s be.

  1. Learn How to Work 10% Harder Than the Average Person

  • The average person comes home and watched Netflix.
  • They get up in just enough time to maybe shower before work and head out the door.
  • The average person lives paycheck to paycheck.

Learn to work only 10% harder than that and you are bound to succeed. See the Habits of Successful People vs Unsuccessful People.

  1. Never Stop Learning

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Never stop reading, listening to podcasts, studying the people you want to emulate. Don’t give up on your dreams and always be working on reaching them. The minute you stop learning, is the minute you give it all up. If you don’t understand something you must research it until you do. And if you fear something; do it until you are comfortable. Never stay comfortable, because comfort is average!

Remember becoming a millionaire is NOT hard to do, but so it NOT becoming one. It’s a choice in the little things.

  • Working a bit harder.
  • Setting aside instant gratification
  • Being grateful for what you have and are experiencing
  • Stepping out of your comfort zone
  • Investing in yourself

Through my 16 years of study these 18 things ring loud and clear as common denominators. If you can implement them into your life now slowly but surely you will start to see a snowball effect of results.

Never give up on a dream just because of the time it will take to accomplish it. The time will pass anyway.”
― Earl Nightingale

Where will you be in the next 10 years? Will you risk your comfort, learn to work 10% harder, and ignore the Jones’s to be able to give your advice for making 7-figures?

 

 

HOW WE CUT OUR GROCERY BILL IN HALF

HOW WE CUT OUR GROCERY BILL IN HALF!

Want to know how we cut our grocery bill in half? Well, believe it or not there is a wrong way to use coupons and shop the deals, even when you are saving money with your grocery shopping. Grocery chains spend so much money on marketing and advertising. They spend this money knowing it will pay off! After all, they are a business that is in it to make more money.

It’s no surprise that they spend so much on studies and human behavior in order to know exactly what will attract the most spending by us! Don’t get me wrong, I’m not saying that these companies are bad! From a profit standpoint, they actually do a very good job! It is up to us to be smart enough to see and realize the right way to use their coupon and ad system to our advantage rather than theirs!

I learned this early on in our marriage when we started grocery shopping together for the first time. My mom was a devoted couponer and her mom before her. They didn’t go crazy enough to get shopping cart-full for pennies but they were pretty close!

 

HOW WE CUT OUR GROCERY BILL IN HALF

 

It took a while for me to catch on to how I was being played by the grocery ads. I wasn’t using them to my benefit as my mom had done when I was a kid. 5 kids later and it is absolutely essential for me to get this right when I go grocery shopping! This is a great way to actually save money shopping instead of feeling like you’ve been played!

Before kids, we would grocery shop together (back in those romantic days) and I would bring my coupons along and know what was on sale. Like most newlyweds we had little money and wanted to keep as much of it as we could! We bought everything that was on sale or that we had coupons for, in the name of saving money.

This turned out to be a disaster! It seemed like we were saving money but ultimately that was not the case! We were missing some key elements that everyone should consider when trying to save money on their groceries!

 

Here is the breakdown of HOW WE CUT OUR GROCERY BILL IN HALF:

  1. Comparing Stores

HOW WE CUT OUR GROCERY BILL IN HALF

 

We did not look around at other locations once we found a coupon. If avocados were 2 for $3 with a coupon, I didn’t bother to see their regular price at other stores. This is a huge deal because sometimes the coupon or ad prices don’t beat the competitions regular prices on certain items!

Grocery stores do this because they can’t afford to sell everything at a deal and tend to try to make some good money (this is called profit margin) on high demand items. So it’s important to see if the “deal of the week” is actually a deal or if you could find it for much less at another store. Just because it’s a featured ad or on a coupon doesn’t mean it’s the best out there!

 

  1. Buying Only What You’ll Eat

HOW WE CUT OUR GROCERY BILL IN HALF

 

This one was huge for us but is 10 times more important now that we have 5 little mouths to feed! Our kids tend to be picky eaters (as all kids are) and there is no point in getting a deal on something that will rot away in the fridge because no one likes it! Sure you can get ten cucumbers for $6 but if nobody likes them, then you’ve wasted $6-not to mention your time shopping.

My husband (who is in the Finance world) calls me the “Home Economist”. It’s my job to save money and keep our lives running as efficiently as possible just like it’s our business (which it is). I have to keep us running at a profit in order to use our hard-earned money for important things! And throwing out food is not on my list of important! See how I was able to save us hundreds by changing this one coffee habit!

It may look like a great deal on the ad page but it’s not worth it if it’s a waste of money! Just like those Black Friday deals that are selling luxury spa sets that you know you’ll never use but like the idea! You buy it and there it sits in your closet because it was “such a great deal”. We can’t afford to do this every time we go to the grocery store!

 

  1. Getting a Little Extra

HOW WE CUT OUR GROCERY BILL IN HALF

 

Speaking of shopping for what your kids will actually eat; get an extra one or two when it’s on sale! If your kids eat bananas faster than monkeys in the jungle, buy some extra when they go on sale. Just don’t buy so many that you’ll have to be throwing them out at the end of the week.

When blueberries or some of their other favorites go on sale or have a coupon, I like to buy extra so that on my next grocery shop, I can skip that item knowing we have some at home. It saves money and adds to the concept of not throwing out expired or rotten food, because they devour it!

 

 

Even when shopping just for yourself this concept saves some serious cash! If you consume coffee like an addict (guilty) and your favorite brand goes on “buy 1 get 1 free” go for it! Buy 2 or more and stock up and save money! That way when it is back at regular price, you won’t be buying any at least for a while.

I had a friend who used this concept with gift cards. During the Christmas season his wife and he would purchase Target gift cards that were marked down on a sale for 10% off. They bought $900 dollars’ worth of gift cards! Yikes! However as a result; they now had $1000 dollars in gift cards! They use these the rest of the year buying NECESSITIES (that’s the key word there) at the store. Yes, still shopping the coupons and best deals there. So right off the bat they were ahead $100!

That’s some serious home economics!

  1. Learning the Layout

HOW WE CUT OUR GROCERY BILL IN HALF

Grocery stores (and all stores) are laid out to maximize store profit (you’re spending). I actually know this because my husband has also worked in markwting and for a large grocery chain as well! This is why the toilet paper is usually at the back of the store! Therefore; you have to pass every other item to get to it! Let the spending commence!

From insiders: all of those cameras in stores are not just there to catch shop lifters. No, they’re there to study our shopping habits, how we enter the store, which direction we walk, what catches our eye. Yes they’ve put this much thought into it down to what you smell when you walk through the door and what music is playing to get you in the shopping mood! Grocery stores usually have the upbeat tempo and smell of fresh baked goods to put you in the mood!

No wonder they make so much money! My advice on getting through this system that is designed to make you spend is something that I force myself to always do:

Bring A Grocery List!

 

HOW WE CUT OUR GROCERY BILL IN HALF

 

If you sat at home and wrote down all of the essentials that are needed than you can shop confidently knowing that anything not on that list is not needed.

When I have my list, something will catch my eye (like it’s supposed to) and I will sit there and debate if I need it. If it’s not on my list that’s my answer. It’s like the little Angel on my shoulder telling me what to do “if you didn’t write it down it wasn’t important enough to get you to the store”. If it is on my list, that’s my permission to get it, it’s a necessity that is needed in our household. Also, I’ve looked at the ads and researched which location it is the cheapest at!

 

  1. Getting the Best

HOW WE CUT OUR GROCERY BILL IN HALF

 

This one is a personal habit and can be difficult if your schedule doesn’t allow for the right timing. Grocery stores have fresh delivers on specific days of the week. For some its Tuesdays and Thursdays while others could be every Wednesday.

Knowing when the store gets their product trucks unloaded is really nice! There have been a number of times where I’ve seen a great deal, but by the time I get to the store, they have run out of the item. You know, because everyone else saw that deal too! Instead of having to come back for one or two items, it’s nice to know what day they get their shipments in and make it there preferably that day or night!

This allows my grocery stop to be one stop, per store and I walk out with everything I’ve needed at the best price possible!

HOW WE CUT OUR GROCERY BILL IN HALF

 

Before I followed these guides for shopping my food budget was much higher! I’ve managed to cut that budget IN HALF by spending a little more time planning for my grocery shop! It has been a life saver as our family grows and our kids eat more and more! See also what we did to save $600 in one month!

 

My grandma is a now a multi-millionaire and still cuts coupons and shops using these methods! These shopping tricks have helped us free our finances and free up income to use for our long-term goals!  I truly believe if you put in the effort to follow these rules you too will see your household budget grow rather than the grocery stores!

Remember that being a home-economist is a full-time job! The money you save is money you earn!

HOW WE CUT OUR GROCERY BILL IN HALF

“A penny saved is a penny earned.”

-Benjamin Franklin

HOW WE SAVED HUNDREDS BY CHANGING THIS ONE COFFEE HABIT

HOW WE SAVED HUNDREDS BY CHANGING THIS ONE COFFEE HABIT

This post contains affiliate links. See Affiliate Disclaimer

I’m not one to go out and get a Starbucks Latte every morning (although I have been known to treat myself) however I’m a huge Kurig pod coffee lover! So how we saved hundreds by changing this one coffee habit is NOT about how we just didn’t go out for coffee because we were already smart enough to avoid that expense!

I used to drink a half-pot to a pot of coffee a day depending on the stress level or business of that day. When the Kurig machine hit store shelves I switched to that and never looked back! That being said, for someone who drinks as much coffee as I do, This was quite an expensive habit! And I wasn’t even “going out” for coffee!

 

SAVED HUNDREDS BY CHANGING THIS ONE COFFEE HABIT

 

Some time ago I was going over our budget with my husband and as always we were looking at how we could change some of our habits and save some money. Our food budget is usually what we land on for flexibility and where we can change our meal planning or shopping habits. Be sure to check out How We Cut Our Grocery Bill IN HALF!!!

I realized I was buying around 2- 12 pod boxes of kurig coffee pods a week (it’s really not that much when you have a big coffee cup). So doing the calculations:

 

1 coffee pod box cost around $7.50 (for a non-decadent brand)

x 2 per week = $15.00 per week

4 weeks = 1 month so $15.00 x 4 = $60 per month of coffee! Yikes!!!

 

But hey if you are buying a Latte at the coffee shop every day you actually spend so much more than that!

I decided this coffee habit had to change! No I did not stop drinking coffee! I could never do that! I started looking at how to get a cheaper cup of coffee without taking away the bold flavor and convenience that the Kurig cups have to offer.  I found some options that were not great and was also not willing to settle for the super cheap Kurig cups that taste like coffee flavored water either.

 

If there was a word for foodie in the coffee world, that would be me!

I came across these AMAZING cup filters that make for a cheap cup of coffee but do not diminish any flavors or taste!

2 Solofill K3 Chrome CUP Chrome Refillable Filter Cup for Keurig-r (RED, 2)

 

These are by far the best ones that I have ever used (and I tried several early on). These don’t leave any grounds in the coffee and are super easy to fill and clean.Now I can buy coffee grounds that are so much cheaper and last longer than the pod boxes that seemed to rapidly leave my home!To do the quick math:1 bag of grounds per week = $4.50

$4.50 per week x4 = $18.00 per month (We don’t even use a full bag in a week)

$60.00 – 18.00 = $42.00 per month!

That means each month I am saving $42!!! And you can save even more if you currently get your morning coffee out of the house!

So let’s take the savings of 42 dollars per month and see what I have saved each year by making the switch:

 

$42 x 12 months = $504.00!!!

 

That’s over 500 dollars saved per year in our food budget by changing this one coffee buying habit! My husband and I have both been extremely pleased with how we saved hundreds by changing this one coffee habit that we have recommended this to all of our family members! The financial results are really amazing and this is just ONE way to save some big money! We are always looking for more great tips and tricks to save some extra money and better support our family!

SAVED HUNDREDS BY CHANGING THIS ONE COFFEE HABIT

15 THINGS YOU NEED TO STOCK A FRUGAL PANTRY

15 Critical Things You Need To Stock A Frugal Pantry

Learning how to stock a frugal pantry can take a little research. There are so many tips and tricks out there. Sometimes they apply sometimes they don’t.

Some people’s tips won’t and can’t help you.

Things like growing your own garden and learning how to preserve your harvest. This won’t work for you if you live in an apartment with little lighting. It won’t work for you if you live in a wooded lot or if you’re a single mom who works 2 jobs to make ends meet.

15 items to stock a frugal pantryHowever, let’s say you just don’t have the space or lighting for a good garden (which is me) then my suggestion is to find a local community garden, or place that has plots for you to grow. Because growing your own food is of course the #1 way to save the most money on your food budget!

My #2 tip when researching and figuring out how to apply it to your unique situation, is to get the most drastic tips and tricks from people on YouTube for instance like “The Cheap Life” or “The Fundamental Home”   then dial it back to what suits you. In other words, do your research but tailor it to meet your needs. For example; I don’t buy food from the dollar store.

Here is a list of frugal pantry items that you should have on hand or in bulk to guarantee frugal meals and less temptation to go out to eat (another great way to save money):

 

  • Pasta
  • Quinoa
  • Variety of beans (canned or dried). Beans are a huge source of protein and can help cut back on the price of meats. By adding beans to your meal, you get more fiber helping you feel fuller longer and helping you to get, keep and maintain better gut health.
  • Bouillon cubes to season soups, rice’s and stir-fry’s
  • Bread (keep in the freezer when stale) Stale bread makes for great stuffing’s, bread crumbs, and French toast.
  • Canned tuna, chicken, sardines
  • Oatmeal
  • Peanut Butter and Jellies.
  • Lentils which you don’t have to soak and only take 15 minutes to cook. Lentils are a great source of cheap protein, and without the added step of soaking they make for a quick filler to any meal.
  • Flour
  • Yeast
  • Oil (coconut, and olive)
  • Vinegar like apple cider and red or white wine for salad dressings
  • Dry Spices especially the ones you use the most in bulk
  • Tortillas (tortillas are great for leftover night). By dumbing leftovers into a tortilla, you come up with a whole new meal! Also, just adding tomatoes and onions to a can of beans and putting them in a tortilla can make a great tasty bean burrito (you might prefer some seasoning).
  • Potatoes Onions, Garlic, and Ginger (these last forever when stored properly)

This tip is one that no one ever talks about.

  • Buying your meat straight from the farmer.

15 Critical Things you need to stock a Frugal Pantry

Okay I know what you’re thinking…….”I live nowhere near a farm”. “Or I don’t know any farmers.” However true this maybe you live close enough and you can make friends!

Hear me out. Growing up we lived in a beautiful suburb. There were no farms for miles. However, my dad purchased beef from family 2 ½ hours from our house. We didn’t go there to take care of the cattle, we went there to pick up the meat once year. It was an adventure!!

Recently my dad again raised a beef at a friend’s farm. At the time grass-fed beef was running a good $3.50+ per pound. My friends……he paid $1.50 a pound! Across the board for the entire steer. We are talking roasts, steaks, prime rib not your typical $1.50 for who knows what hamburger.

This is an incredible savings. And having that much meat in the freezer gives you the added benefits of making the meals stretch from a roast, to a stroganoff, to a soup, to left over roast beef sandwiches all from one meal!

I hope these tips are some that you can apply to your life right away!

Feel free to let us know what you do differently to help you save a couple extra dollars in your food budget!

15 Critical Things you need to stock a Frugal Pantry

genius guide to stock a frugal pantry

Genius Guide to Stock a Frugal Pantry & Save Lots of Money

Learning how to stock a frugal pantry can take a little research. There are so many tips and tricks out there. Sometimes they apply sometimes they don’t.

Some people’s tips won’t and can’t help you.

Things like growing your own garden and learning how to preserve your harvest. This won’t work for you if you live in an apartment with little lighting. It won’t work for you if you live in a wooded lot or if you’re a single mom who works 2 jobs to make ends meet.

Continue reading Genius Guide to Stock a Frugal Pantry & Save Lots of Money