Plans for Spending and Food Shopping
As I have now completed Carlas January Challenge (thank you Carla for getting us all motivated and taking the time to organise this) I will replace the time spent by concentrating on my Menu Plans and seasonal eating as well as the ongoing de-clutter
I need to have a clear idea of what is in season as I feel I am a little out of touch since I stopped growing our own veg and also it is so easy to forget when you can buy most produce year round in the supermarket. I can also check out the prices in the supermarket so that I can answer my question ‘is the seasonal food really cheaper than the non-seasonal produce flown in from abroad’?
I have other reasons for wanting to eat seasonally in that I am all in favour of getting back to what is natural and that is one of the reasons I go for Organic because it is grown in a less artificial environment and without nasty pesticides and chemical fertilizers.
IN SEASON NOW IS
- Brussel sprouts
- Kiwi Fruit
- Brazil and walnuts
Now I can hear a few mutterings of why do I continue to buy in the supermarket? Partly convenience as I can do all my shopping after work on a Thursday and this saves petrol but also in my part of the country which is mainly dairy farms and sheep rearing we have a scarcity of anything that can be called a Farm Shop or farmers market and although the produce is fresh it is not organically grown.
I could on the other hand have an Organic box delivered from the wholefood shop in town but I would need to get my act together on this one as they are surprise boxes and I believe you have to plan your menu around the contents.
So one step at a time – I will firstly get into the habit of shopping to my plan and making the majority of my purchases seasonal before venturing into something more complicated and time consuming.
According to the above list then we will be settling down to lashings of Leek and Potato soup sprinkled with Walnuts accompanied by Orange marmalade and a Rhubarb Fool for dessert!
February Goals for Spending and Food Shopping
- Buy 80% Seasonal Produce
- Use the seasonal guide to plan each weeks menu incorporating any use up foods from cupboard clearance
- Shop by menu plan
- Continue to avoid any waste of fresh foods
- Keep to the £50 or under for weekly main shop
- Keep to £10 weekly personal allowance
January was a tight month but we have made it through with careful budgeting and a no spend policy. We had a trip to Shrewsbury and a visit form my daughter to allow for but we were as economical as the circumstances would allow. I am sure we could have done even better with even more thought and planning but as they say practice makes perfect and as we will have many weekends away this year visiting my relatives and going to Scotland I should get better at it as we go through the year.
If you have been keeping up with my blog you will know that we did purchase a set of Alex Ikea drawers for our Craft come Office room as a guarantee that they would not be discontinued just as we were about to buy them, and also a draught strip for the Front Door. I consider them to be wise purchases and we are already reaping the benefits of both.
We have yet to finalize our plans for February so our finances will be based around the jobs we do in the house and any visits to Scotland and relatives that we decide on.
A word about our biggest monthly outlay – the mortgage.
I spend quite a bit of time on other blogs and for many of them the main goal is to reduce their mortgage. We are no different in that we use both passive income and earnings income to generously overpay each month but as we are on quite a beneficial mortgage rate at the moment (tracked at 2% over the base rate currently 0.5% making it only 2.5%) and guaranteed for the life time of the mortgage this causes us a dilemma.
In real terms this means that we are better to put any excess money firstly into ISA accounts that attract a rate over this amount and then ordinary savings where the net is also above 2.5%. If mortgage rates then rise we can transfer any easy access money immediately over to our mortgage which is also penalty free for overpayment.
So our goals will not be to directly pay off our mortgage with all our saved monies but rather to increase our savings and with the addition of compound interest as well will subsequently increase our passive income and this will eventually be used to pay off our mortgage.
Although it is good to see that mortgage figure come down each month it is not beneficial to ignore what we can get in savings. So my plan is to estimate what my outstanding mortgage figure would look like if we reduced the mortgage using the earmarked savings for this purpose.
February Goals for Financial matters
- Continue in the No spend mode
- Shop around for good investments – check interest rates available
- Get new up to date pension advice
- Learn more about Immediate Vesting Personal Pensions
On the De-cluttering side I have managed to clear out the food cupboards, fridges and freezer and I am using up any old foods or items of mad moment purchase that had worked their way to the darkest corner of my shelves.
My toy boxes and Treasures are all in order, together with my planner and handbag diary that have been updated. Barbie and Sindy have had a makeover and all their glad-rags washed and pressed so now it is my turn! I must get my wardrobe in order and if there is any time left after dealing with the heap of clothes I will address the heap of photographs we have accumulated – (some our own and some acquired from packing up mum-in-law’s home) and the tedious job of shredding the dead financial papers from 2011 and replacing them with 2012 papers to archive.
February Goals for De-Cluttering
- Completely go through all clothes and footwear I own, Summer and Winter, and anything in between
- Finances – Discard and shred old archive papers in loft. Archive last years Household Folder.
- Photographs – put old ones into the albums with dates etc and go through Mum-in-laws photos to extract ‘keepers’ – duplicates and copies to sister-in-law
There I have set out my stall as they say so I am counting on all of you to hold me to account!!