October Pantry Stock-Up for $20 or less

This month I headed over to Meijer to see what I could find to stock up on for our family.

October $20 stock up haul from Meijer

I would like to first mention that I have randomly chosen stores and did not seek out items on sale to purchase. Instead, I looked for foods that my family eats on a regular basis and, if it happened to be on sale, it was a bonus. I also did not use coupons on any items that I purchased. The reason I have chosen to do these monthly stock-ups this way is because I wanted to see what people could purchase without doing any planning. Life is busy, people are stressed, and having to worry about stocking up on food does not need to be another stressor. So, when I was out running errands and I (1) happened to have $20.00 in my purse and (2) I was near a grocery store and had time to run in, then I did a monthly stock-up. If you haven’t already, please check out our August and September stock up posts.

I was happy to see that Meijer was having a 10 for $10 sale, with the 11th item free on a lot of canned goods.

October’s score included the following:

2 disinfecting wipes $3.99 each – total $7.98

2 garbanzo beans $1.00 each – total $2.00

1 northern beans $1.00 each – total $1.00

6 black beans $1.00 each – total $10.00

3 peach slices $1.00 each – total $3.00

All canned goods that I purchased were part of the 10 for 10 sale, 11th one free, so I also received one of the canned goods free.

Tax was $0.56

Total for all 14 items was $19.54

Two more months left to in the $20 pantry stock-up challenge and we would love to have you join us.

Have you been able to fortify your pantry? Please take a moment to let us know what you’ve found in the comment section.

February’s FREE Financial Reading

This month is our Frugal February and we are on a mission to spend as little money as possible this month. This got me thinking of free things we could do and reading was one of my first thoughts. Since we are trying to spend so little, I didn’t want to even drive to the library to search for some good reads. This encouraged me to search for finance and success focused books that are free to read on the internet. I was shocked at all of the great reading I found and wanted to share it all with you!

If there is a book that you have read that encouraged you in your financial walk and is free to read on the internet, please leave a comment below, we would LOVE to share it.

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baby step # 4 – investing

Once you have reached this part of the Dave Ramsey plan you are now instructed to invest 15% of your household income into ROTH IRAs and pre-tax retirement. We will not get into the pros and cons of various types of investing in this post, but instead of focusing on the amount. So, this will be a short one.

Investing money is a very important step in winning with money. It is a necessity to save money for your future if you ever plan on retiring. On the flip side, none of us have any idea what life will throw at us and we may not be one of the lucky ones who actually get to choose when to stop working.

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How Much is Really Enough?

This week we continue our commentary with baby step 3, which is to save 3-6 months of expenses in a fully funded emergency fund. We absolutely agree that you should have a fully funded emergency fund. However, if you are already dealing with extenuating circumstances, or you are a one income family, we believe six months is really the minimum you should consider having in reserve before moving on to the next step; depending on your circumstances, a year may be more appropriate. Just think about how fast this summer has flown by; Memorial Day seems like it just happened, and yet we’re only a couple of weeks away from Labor Day… that span is just over 90 days, or three months. I can’t imagine how fast it would seem if we were in the midst of a financial crisis and were eating through our emergency reserves.

To reiterate, we’re not in disagreement as to the point of this step, or its order in the process. We just think that those of us who have more going on would be well advised to take a bit more time to build a bigger cushion before moving on to ensure we are able to weather our brand of storm.

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Snowball Versus Avalanche

Recently, we shared our perspective on the first baby step. As you might have guessed, we aren’t in lockstep with Dave on Step 2 either. While we agree that, after having enough saved up for an emergency, tackling debt is the next logical step, we’re not rigid adherents to the debt snowball process. If you are reading this post, it’s probably safe to assume you have heard this term numerous times but, just to be sure, the process is to pay off your debts working from the smallest balance to the largest.

First things first. If you owe the government any money, you should strongly consider taking care of this first and as soon as possible. Owing the government is not something to be taken lightly as any government — be it federal, state or local — has the power to completely alter your life, and in some cases destroy it. Clearly, this is priority one. To be clear, it may not be necessary to get such liabilities paid in full immediately (i.e. you may be able to work out a payment plan), you definitely want to never miss a payment, especially if you’ve worked out a special plan.

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