How Balanced Is Your Budget?

 

I love seeing everything at once in my tiny, organized pantry!

I love seeing everything at once in my tiny, organized pantry!

I’m bracing myself for a barrage of hate mail for posting this, but my recent discovery has brought me such freedom that I simply must shout it from the rooftops!

I’d like to think I’ve proven myself as a reasonably frugal consumer. When I say “frugal”, I mean that I am budget-conscious and put some effort into finding decent bargains while also recognizing that my time is at least as limited as my finances. 

First an admission: I do not coupon (gasp). I found it to be too time consuming and confusing. On top of that, in order for couponing to work, you have to actually remember to give the cashier your coupons…oops!  I used to be a regular shopper at warehouse stores like Sam’s and Costco because of the low per-unit price you could get by buying in bulk. But then I realized that while spending $400 in one week for 3 different items may save me money in the long run, my short-term cash flow was precisely that…short. So I began shopping at a discount grocery store that stocks mostly off-brand products but where the prices (and the quality) are at least as good as the coupon and warehouse deals without the hassle or the huge outlay.

Finally, I had managed to secure a low unit cost without having to purchase a high quantity. I began to see the benefits of fitting normal-sized products into my tiny pantry (pictured above…I just love my pantry). Gone (eventually) were the 2-liter bottles of soy sauce and vats of olive oil. Crackers, pretzels and cereal were no longer going stale before they could be consumed. I was able to reclaim part of my garage for storing other items besides overflow food. And it no longer took the National Guard to help me unload all the groceries each week.

Unfortunately, I kept buying more cans and boxes than I actually consumed each week out of pure habit…”just to have some on hand”. I still had one large shelf reserved in the garage for storing all my extras. In the garage, mind you…where I hate to go. I would send the kids down to get stuff for me, so I lacked a keen sense of what was actually there. I was always buying things we didn’t need and not buying something we did need simply because I assumed we already had more of it down in the garage.

And then something happened to knock some sense into me. I fell down the stairs and dislocated my shoulder…badly. I could no longer carry as many groceries and was forced to shorten my weekly shopping list to only what I knew we would use in the next week or two. 

Eureka! Now I can fit everything into my pantry where I can easily see at a glance just what we need. Everything is fresh and actually consumed rather than wasted. Putting the groceries away is quicker and easier, and I now have even more room in my garage. I feel so FREE!

All of this has made me realize that being a “frugal” consumer means respecting not just your financial and time limitations, but your space limitations too. My father used to always say, “Space is at a premium.” It surely is a precious commodity to be used wisely. Don’t squander your spacial budget just to stretch your financial or time budgets. Find a balance of all three.

How do you balance your financial, time and spacial budgets?

Note: Your Sam’s or Costco membership may still be worthwhile for purchasing household items, office supplies, electronics, etc. at a great price or for when you are feeding a large crowd. I am not suggesting you ditch it!  Just don’t let bulk purchases of regular groceries eat up all your space.

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4 thoughts on “How Balanced Is Your Budget?

  1. I always felt like I was the only person that did not have a Costco, Sam’s or BJ’s membership. I tried shopping there a few times, but prefer to shop once a week for some of the same reasons you mentioned. I just “borrow” a friend’s membership if I need to purchase items for a party. Nice to see I’m not alone! 🙂

    • I have now been without my membership for about 18 months and have not missed it at all, but I also know that I could “borrow” one if the need ever arose. You are definitely NOT alone! 🙂

  2. I love my costco membership to buy toilet paper, paper towels, soap, cleaning supplies, diapers/wipes for my three year old, and yes, bulk party supplies for the rare times that I am entertaining! But for food, we actually just do Safeway and signed up for their “for U” deals which are really good. It is a modern and easier form of couponing…you just log in and add their customized coupons to the Safeway card and just remember to get those brands when you’re at the store. And because they customize the coupons for you, they know you’re going to be buying those items any way! We end up buying a lot of off/safeway brand items but they are pretty comparable in quality to brand names so it works out well..

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