I'll be switching up Thrifty Thursday in 2022 to align with our one income goal. The piggy bank is back! Rather than just list where I made use of our time, money, and resources, I'd like it to actually be a resource for others. With better planning for the blog, I'll share our process and options to still live a great life, but with only my income being used to cover all living expenses, travel, entertainment, and gifts. Money is already separated for "life goal" stuff like college tuition, the bathroom, and new patio. However, my earnings need to cover the sinking fund deposit for irregular timed expenses, or quarterly, biannual, or annual regular scheduled. Things that support life like care maintenance and insurance, property taxes and insurance, a plumber or HVAC specialist too needs to come from my paycheck.
This may mean more DIY, looking ahead at where we can reduce a cost, and cutting out all stupid spending. I know many of you already live on one income. Some of your household incomes are much higher, and some lower than ours so nothing we do necessarily works for you or you will want to, but hopefully we'll learn ideas from each other. You may find some of my strategies are no brainers because that's been your norm. Other times you may think my penny pinching is miserly or the opposite, is still spend thrift. We're all different and I just want to challenge myself and learn.
If you ever read any or just snippets of the Tightwad Gazette, you may have seen Amy describing that most often thrift crosses over being good stewards of time and natural resources. That's part of my challenge as well. So what went in this week, other than Christmas, to economize and keep money in our pocket? I used a combination of saving remnants and shopping ahead to save money later in the year.
- Bought 1 pound of popcorn kernels that should make the equivalent of 10 batches of microwave popcorn. Healthier and cheaper. I've been lazy that's all. DD2 and I had a batch Tuesday night and it was so much tastier than microwave bagged popcorn.
- Froze the remaining ham my SIL sent home and a pound or so of meatballs. Too much food was at risk of being thrown, and now I have more meat options for January's meal plan.
- Made a treat canister for DD1 to bring for her friend getaway. Again, saved waste and I love being able to send a little love with her. She has terrific friends.
- Saved multiple plastic bags from various gifts or food storage that normally would have just thrown as alternative poo bags.
- Saved the remaining wine from wine box. I had a glass Monday and may tonight, but I'll freeze for cooking whatever is left in the box tomorrow. Risotto anyone?
- Bought three gifts for others at 50% clearance.
- Bought a Christmas nut mix for DH for January football. Equivalent mix, non holiday themes, was about $3 more. Nuts make a nice snack for him.
- Researched recipes to use frozen olives. This Bucatina pasta sounds delicious. Lesson- throw nothing until you've scoured the internet for ideas to use something up. I'll use some of the olive stash for future pizza as well.
- Tucked away gift money into the sinking fund. With our big house projects, we will be gifted enough. This will go towards gift budgets over the year.
- I have a 3rd paycheck month that also was higher since insurance and FSA was not taken out. We talked ourselves out of justifying another take out and it will all go towards savings.