Monday, December 31, 2018

examining the budget and the pantry

I'm sitting here drinking my last cup of coffee for the day, smelling the beef broth I am making from odds and ends of beef roasts we had during Dec that I had tossed in the freezer until a "broth" day. Makes me hungry so I will probably have a cup of beef broth for lunch.

End of the year I tally what I have spent in the kitchen and gardens... What I saved us that we probably would have spent if I had been working outside the home.

I have already ordered all my seeds for the coming season. I will need to order garlic IF my garlic does not do well. I will know that come Sept. We are adding berry bushes also this spring. I have $1200 left in the garden budget from this year since we didn't really plant anything. SO that will be added to this coming year's budget. I know I will need trellis and black plastic and other odds and ends that comes with starting a new garden so it will be higher in cost this year.

Years ago I used to do the twice a year Pantry Challenge that Jessica has over at goodcheapeats.com... It really helped when I had to clear the pantry after Daughter 2 and her 4 sons moved out... then again when Daughter 4 and her two kids and Son 2 moved out at the same time.It also showed me how our eating habits had changed.

Now my pantry challenge is different... I will need room for the new produce coming in. I need room in the freezers and room on the pantry shelves.

2018 I spent $6,603.42 on food, that included any produce I bought to stock and to restock 3 empty deep freezers. Of that $6,603.42 I spent $1, 211.99 on meat, that is including 9 turkeys, 6 hams and 6 briskets (that I cut to make 24 briskets) along with other meat.

SO I spent $5,391.43 at the grocery store for other stuff than meat. This is the only year I did not put eating out as part of the grocery budget as I knew it would be on the high side with working here daily.

As I kept track I know that $3594.29 was for fresh produce, which 80% I could grow on my own and the majority of that is NOT stored in my pantry. That's $2,875.43 I could have saved.

Hubby was talking to a friend about how I save us enough money that it would match me working full time at $10/ hr.

$10/ hr for a 40 hr week is $400

$400/ wk for 52 wks (1 yr) is $20,800

$20,800 minus the 25% tax we pay is $15,600.

$15,600 divided by 52 wks is $300 a week...

He could have took the taxes off the week and multiplied in by 52 also but the friend needs things broke down this way.

With the way I price things out, push him to price things out, do the pantry, the gardens, drive our autos etc. On average I have saved that during a year. This year I save over that with researching mortgages,loan to fix the house and Hubby's truck... not counting anything else.It's what I used to pay off the hospital bill.

My goal is to match the $15,600 this year even with the extra expenses of medical ins/copay/deductibles and have it in the savings.

We will see how this goes






3 comments:

  1. Thanks for sharing all of your frugal ways and budgeting.
    I've just found your blog and I am enjoying reading back through your entries.

    Debra

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  2. That is an interesting thing to be able to see where the grocery money went. I spent $2950 on food in 2018 for the two of us. We don't garden because we have an entirely shaded property. We intend to move this year and I hope to have a sunny spot for some raised beds.

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  3. figure out if there is any sun for 3 -4 hrs even if it's at different times of days. Some "greens/lettuces will grow in partial shade

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