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Some ideas on saving money to pay down debt.

Last post 10-10-2008 2:30 PM by JennyC. 28 replies.
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  • 06-20-2008 11:21 AM In reply to

    Re: Some ideas on saving money to pay down debt.

    kDYMOT

    I wrote a reply and then lost it, but basically, ... when I was a kid, we were able to go to the grocery store and get a half gallon of ice cream or whatever and just say charge it.  My mom and most of the mom's in the hood had credit with the local little corner store.  It was my first lesson, 7 -8 years old where  I learned how easy it is to charge something.

    Wow, what a lesson that was.  Not good.  Thank you for the encouraging words I really appreciate them.  I will keep pushing that snow ball!  Its so hard!

    I keep thinking to myself I wonder what would I be doing right now if I didn't come to realize my money issues.  I mean, I always knew I was in debt, maybe not so much debt, but I knew it.  I justified by saying all kinds of odd things to myself.  It freaks me out to wonder ... I mean, today is my off friday, I would get up go to the store and spend spend spend.  I am a little at a loss of what to do anymore on my days off, but I try to clean and organize and just be happy with what I have... I still would love to go shopping!  ;-)

    Another heavy sigh!!!! 

     

    Happy Holidays and All the Best!
  • 06-21-2008 9:38 AM In reply to

    Re: Some ideas on saving money to pay down debt.

    So sorry that you are having such a hard time, It would lead a kid to think that "charging" things was easy and maybe even acceptable! My mother never really talked to me about how to save or what to do first when bills came in..So at the ripe age of 23 i was on my own and with a baby to boot..had no idea what to do! how do i pay a bill? So after many phone calls home..I seem to get it! At one point i had -$7 in my account ..I think that was my wake up call. Debt is never fun and takes alot of disipline to get rid of it. So good luck at getting a start on it, Prayers to all 

  • 06-21-2008 12:25 PM In reply to

    Re: Some ideas on saving money to pay down debt.

    I think small steps like these can help save a lot in the long run. It needs discipline and that strong will to save and be frugal. Thank you for the advice!

    http://www.consolidate4free.com
    Free Debt Consolidation Advice: Get the best advices that will rescue you from bankruptcy
  • 09-15-2008 9:59 AM In reply to

    Re: Some ideas on saving money to pay down debt.

    Bakersdozen:

    Another question i wanted to ask was, when you go grocery shopping, what are the staples you buy weekly? Do you always but the same things, and if so do you always cook the same things with it? I'm just trying to compile a list of food items to keep my grocery bill down to be able to put more money on the debt! Answers and suggestions would be great! 

    Good question! It's so easy for money to "seep away" at the grocery store. I buy the store brand of absolutely everything -- that makes a huge difference.

    There's not much I have to buy weekly because I buy in staples in bulk whever I can. But I pretty much do have to go every week to fill "holes" in the pantry, plus perishable items.

    Weekly purchases: every week, I buy fresh fruit in season to send in my husband's lunches. Most, but not all, weeks, I have to buy some sort of pet food (dog, usually; they go through more than 20 pounds of dry a week; in fact, I have a call to the feed mill on my to-do list for the day to see if I can do better than Wal-Mart prices).

    Every few weeks to monthly: I buy a bag of flour every 2-3 weeks. Eggs about every 2 weeks. TVP about every 2 weeks -- this is a new thing for us, and if we continue to like it as much as we seem to, I'll buy more at a time. I get a pound of dry granules for $9 and make the equivalent of 8-10 pounds of ground beef and sausage with it, and use 1/2 -3/4 lb equivalent per meal. I think I'm going to add back some ground meat to this, maybe 1 part meat to 3 parts TVP; my husband reports he gets less hungry and snacks less if he gets a little more meat and/or fat. As the summer ends, I'm buying some sort of fresh produce at least every couple of weeks -- last week it was cabbage. I buy five pounds of potatoes a month (mine made this year, but the vines died at the new potato stage, so I couldn't store them), and three pounds of onions every two weeks. I'm hoping to cut back the potatoes shortly; my sweet potatoes are about ready to harvest. I buy some sort of dry cereal every couple of weeks, usually a couple of boxes (store brand, remember). I make about half our bread (beer bread, so easy it feels like cheating), but I buy 2-3 loaves of sandwich bread every 3 weeks or so for toast; I store it in the freezer until needed, then thaw and keep in the fridge.

    Roughly bimonthy: Rolled oats -- I buy a big container every couple of months. A 5-lb bag of cornmeal. A pound of pasta. A few cans of Italian diced tomatoes and chili tomatoes, as long as they stay cheap. (These are for convenience; I have lots of sundried tomatoes from the garden.) Several cans of chickpeas for home-made hummus (to pack in lunches). A six-pack of cheap beer for bread (the big cans make two loaves each).

    Roughly quarterly: A 5-lb bag of quick grits. A 5-lb bag of sugar and a 12-oz jar of molasses (which I would buy in larger containers if I could find it).

    Every ? months: I bought a 20-lb bag of dried pintos at the beginning of the summer and I've been using them heavily without making a noticable dent. I'm thinking that will last 9 months to a year (and I don't want to store it longer). You can cook dried beans in the microwave, by the way :) I also use dry milk, even for drinking, because it's so much cheaper. We'd already switched to fat free for health reasons, and you can't really tell the difference. You would be able to tell if you're drinking whole milk! I buy that about every four months (for about $8 for two lbs, which makes about 30 quarts).

    As you can tell, I cook from scratch a lot, and I have a deep freeze. But I've discovered that scratch cooking is more intimidating than time consuming. Once you try something the first time, the second (and following) times are about ten times easier. Also, keep in mind I work from home, which gives me the luxury of starting something that takes a while and then getting back to work while it cooks. But I think you could do much the same thing even working full time by using a slow cooker or setting the timer on your oven to bake dishes to be ready when you get home. And not everything takes a long time to cook. I also make double batches and freeze the extra for a convenience meal later.

     

  • 09-15-2008 12:23 PM In reply to

    Re: Some ideas on saving money to pay down debt.

    Things I buy- bananas, milk, bread, usually pasta sauce, cheese, some kind of nuts-usually almonds or dry roasted peanuts. Then a few dinner items.  Flour, sugars, butter, cereal, juice, cheese, coffee creamer every week or two.  

    Every month of so-instant coffee, spices, also non grocery-pet food, feminine hygiene products, shampoo, toothpaste.  

     

    Tracy
    Don't you stay at home of evenings? Don'i you love a cushioned seat in a corner, by the fireside, with your slippers on your feet?
    Oliver Wendell Holmes


    http://tracybenson.blogspot.com/
  • 09-15-2008 2:07 PM In reply to

    Re: Some ideas on saving money to pay down debt.

    Weekly, I buy:

    Bread, Milk, Eggs, fruit and veggies.

    I try to buy my chicken in bulk when it is on sale for 1.69 lb.

    I was watching QVC, cause I love to torture myself, but they had some food come on... oh my gosh, when I did the math, it came out to over 10.00 a lb.  I couldn't believe it.  People are actually buying it!

     

     

     

    Happy Holidays and All the Best!
  • 09-15-2008 7:02 PM In reply to

    • bluesong
    • Top 50 Contributor
      Female
    • Joined on 06-20-2008
    • Portland, Oregon
    • Posts 260

    Re: Some ideas on saving money to pay down debt.

    JennyC:
    TVP about every 2 weeks -- this is a new thing for us, and if we continue to like it as much as we seem to, I'll buy more at a time. I get a pound of dry granules for $9

     

    $9 for a pound of TVP Granules??   Wow, someone is ripping you off if you have to pay that much for TVP. I buy mine in the bulk section of Krogers/Fred Meyers for $1.89 a pound. It comes from Bobs Red Mill. You can buy it packaged - 10 oz for $2.61, which works out to a little over $4 a pound.

    You can order it online at  bobsredmill.com , along with hundreds of their other products.




    .
  • 09-15-2008 7:19 PM In reply to

    Re: Some ideas on saving money to pay down debt.

    What is TVP.

    Hey Bluesong, I am orginally from Portland Oregon!  I haven't heard of Fred Myers in a long time!

    dm 

     

    Happy Holidays and All the Best!
  • 09-15-2008 7:38 PM In reply to

    • bluesong
    • Top 50 Contributor
      Female
    • Joined on 06-20-2008
    • Portland, Oregon
    • Posts 260

    Re: Some ideas on saving money to pay down debt.

    Hey dmc, why don't you move back up here??Stick out tongue . When did you live here?  I have been here since 1976. Portland metro area has around one million residents now.

    TVP is Textured Vegetable Protein, it is made from soybeans, and is used to replace meat or extend ground meats. You re-constitute  it with water, broth, etc to resemble ground meat. Good stuff.




    .
  • 09-15-2008 7:54 PM In reply to

    Re: Some ideas on saving money to pay down debt.

    I Should, its a heck of a lot cheaper than L.A.

    My whole family still lives there, so I do visit on occasion!

    I grew up in S.E., I think they call it "close in" now.  Brooklyn! 

     

     

    Happy Holidays and All the Best!
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