Budget like a pro

photo by gemsling
Are you making a new budget? Now is a good time to start fresh and buckle down on your spending. Look over last year’s numbers. Decide what worked and what didn’t. Renew any frugal strategies that may have gone by the wayside, too. Refocus your frugal objectives, and identify wasteful areas by tracking your spending. Set monthly goals, such as completing projects or learning new skills. Make this year better than last. Angela in Virginia writes: “We’re cutting back on several extras this year, but some areas in which we’ve become lax and need to tighten back up would be:

NOT USING THE DRYER SO MUCH: I do have to use it at times during the winter because it’s so rainy, but I have started throwing them in even when I could hang them out just because I’m lazy.

USING UP LEFTOVERS AND HAVING A PLAN FOR THEM: Too much food is being wasted and forgotten instead of used up or stored in the freezer for later.

GETTING THE ELECTRIC USAGE BACK DOWN: Part of this is my overuse of the dryer and hot water.”

Take a look at the following additional suggestions.
GIFTS: As a sanity saver, plan on any gifts now for the upcoming year. Waiting until the last minute is stressful, often causes overspending and decreases your frugal options. Start making any homemade gifts that you can. Say no to all the little extras that you think make a gift complete. It doesn’t have to have fancy wrapping and bows. It doesn’t need to look like it cost more by including add-ons. Many people are avoiding extravagance this year. Toning it down won’t seem cheap.

EATING OUT: Set limits if you want to trim expenses. Check out cookbooks from the library to learn to copy the restaurant foods or snacks you enjoy. Work on building your pantry stockpile of staples that are bought when on sale. Grab a calendar or print a menu planner template, and start planning your meals.

PLAN A GARDEN: It can be as simple as ordering seeds or planning where you might plant. If it’s your first garden, start small. You can organize your garden plans with a garden journal. Visit www.homesteadgarden.com for a printable example you can put into a binder.

USE IT UP: Whether it’s hobby supplies or food, use up what you already have before buying more.

AVOID FEES: Return borrowed items such as movie rentals or library books on time. Work on timely bill paying, too. Set them on auto pay if you can.

BUY USED: Start looking to secondhand markets to buy the things you need. You can find just about anything. Wear things out before buying brand-new. Think it’s worn out? It might serve a second useful purpose.

CUT DOWN ON PLASTIC USE: Look for long-term reusable glass containers. Remember the old refrigerator glass dishes? They’re making a comeback and for good reason. Say no to disposable containers when possible, such as using refillable cleaning products if you don’t make your own. Do your homework on which refillable products are cost-effective. Bring your own canvas bag when shopping, too.

CURB IMPULSE BUYING: Create a wish list, and delay spending. Share your wish list with others. You can create wish lists online at Web sites such as Amazon.com, Kaboodle.com, Wishlist.com and ThethingsIwant.com.

DRINK WATER: Make an effort to drink more water and fewer alternative beverages such as fountain drinks, alcohol or coffee. While you’re at it, a little extra fitness wouldn’t hurt.

Posted by Sara Noel on January 31 2009. Filed under Home & family.
Sara Noel owns Frugal Village, LLC and is a nationally syndicated columnist with United Media. Bio, Follow me on Twitter, Join us on Facebook.