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Save Money on the Grocery Budget by Reducing Food Waste

March 25, 2019 By MelissaB 1 Comment

Behind a mortgage, groceries are often the second most expensive line item in the budget.  If you’re looking to save more money this year, a good place to look is to reduce the grocery budget.  But don’t stop there.  Make sure to also look at the other side of the grocery budget—reducing food waste.

Whenever you waste food, you’re essentially dropping money into the garbage.  Instead, learn to reduce your food waste to stretch your grocery budget even further.  Here are some of my favorite strategies:

Save Money by Reducing Waste
Save Money by Reducing Waste

Look at your calendar before you shop.  Do you have a busy week coming up?  If so, don’t plan labor intensive meals; you just won’t have time to make them and you’ll likely have food go bad before you have time to cook it.  Instead, make some meals on the weekend to eat during the week when you’re busy or plan simple recipes and buy simple ingredients.  Rachael Ray’s Week in a Day is a great springboard for finding recipes you can make on the weekend to enjoy all week long.

Alternatively, you can choose simple meals to make on busy weeknights.  Fresh spinach can be sautéed in minutes.  Paired with a microwaved baked potato and a simple meat like a polish sausage that can be cooked quickly, and you have a fairly healthy, inexpensive meal.  Another option is to keep frozen vegetables on hand to cook quickly and pair with an easy meat and minute rice.

Buy foods your family likes.  Too often, people buy a bargain that turns out to be a waste of money because their family won’t eat it.  Buy the foods that your family will eat, not the foods that are a bargain.

Use leftovers!  Do you eat leftovers?  Some people don’t like them, but I love leftovers because they offer me one meal I don’t have to cook!  Eating leftovers can be a great way to stretch your food dollars.  If your family refuses leftovers, try to cook only as much as your family will eat in a meal so you don’t waste extras.

Create new meals with the leftovers.  Another idea is to creatively repurpose leftovers.  For instance, if you cook a whole chicken or buy a rotisserie chicken, keep the leftovers to turn into other meals like chicken enchiladas or chicken noodle soup.  Thanks to the Internet, you can find plenty of recipes for reusing leftovers.  Some chefs, like Robin Miller of the Food Network, specifically look to make meals out of leftovers to help you better utilize your time and food.

Utilize the freezer.  One of my favorite ways to reduce food waste is to use the freezer.  We recently bought a large box of individual serve guacamole.  I still had 8 left close to the expiration date, so I put them in the freezer, and now we just pull them out as we need them.  Many meals that you make and don’t want to eat all at once can be frozen for later use.

What are your favorite strategies for avoiding food waste?  Do you waste a lot of food or a minimal amount?

 

Filed Under: Frugality, Saving Tagged With: budget, frugal, frugaler, grocery, Saving

Teach Your Child About Finances With This Book

March 7, 2019 By MelissaB 3 Comments

As a mom and personal finance blogger, I get the opportunity to review many books.  One that I just reviewed that I can’t recommend highly enough is Sunny Lee’s book, Is Your Child a Money Master or a Money Monster?

Money Master or Money Monster?

Sunny Lee is a financial advisor, and she has taken the time to teach her twin sons about money.  In fact, her strategy has worked so well that she’s sharing all her techniques in this book.

Lee has a variety of strategies for teaching kids about money in a fun, incentive-filled way.

Offer rewards.  Lee’s strategy of offering her children rewards helps shape their behavior in a positive direction.  For instance, when her sons were in 1st grade, Lee developed the Morning Stuff Allowance Project.  Each morning, her kids had to get up when their alarms went off, tidy their rooms, get dressed, pack their backpacks, and make and eat their own breakfast and get to school on time.  If they did this every day, they earned $3 a week.

While the kids were motivated by the money, they were also unknowingly developing skills that would help them through the rest of their lives.  Even better, Lee didn’t have to fight with her boys in the morning to get up and get their chores done.  Everyone in her household could enjoy a more peaceful morning.

Play games.  As the boys got older, part of Lee’s strategy to teach them about money was to give them a safe place to experiment.  She did this by finding a variety of free, money based games online.  Her boys experimented online with running a coffee shop.  They had to decide when to discount their coffee based on the season, how much inventory to buy, etc.

Try out your skills in the real world.  Finally, Lee let her sons experiment and try their money skills in the real world.  An important component of this was to let them fail in small ways.  One son spent a large sum of money on a hat, which he loved, but then he didn’t have money available for a while after that.  Her other son learned from his brother and bought a hat at a discounted market so he wouldn’t use all of his money on one item.

Lee’s book contains seven strategies to teach your kids about money (and as a byproduct, teach them personal responsibility).  One thing I loved about the book and her strategy is that she keeps adding layers to her plan.  For instance, after her kids mastered the Morning Stuff Allowance Project, that remained in place, but Lee added on the Special Incentive Project.  If her boys chose to, they could earn additional money throughout the week by completing a book report, doing an art project, etc.  Again, she helped her children grow academically and artistically through an incentive.

I highly recommend this book to anyone looking to not only give their children a strong financial footing, but also a strong work ethic.

Have you read this book?  What is your favorite book to teach kids about money?

Filed Under: Books, Children, Married Money, pf books Tagged With: book review, Books, children, money

Help Your Teen’s Business Grow with Facebook

March 4, 2019 By MelissaB Leave a Comment

Often, teens want to make money without the commitment of a part-time job that may require them to work more hours than they can handle while also attending school and keeping up with homework.  Or, they may want to work for themselves, doing what they love or participating in sports, doing schoolwork, and searching for scholarships.  There are many reasons why a teen may not want a traditional part-time job as a cashier or a fast food employee.

Historically, these types of kids would rely on babysitting or lawn mowing jobs.  If they were particularly resourceful, they may try to start their own Etsy store.  However, the time to start an Etsy store, market it, create products, maintain customer relations, and ship out items can be intense.  Many teens don’t have time for that.

Luckily, teens can now use the power of social media to grow their own business and make money quickly on the timeline they set.

Selling What People Want on Facebook

Grow on Facebook
Grow Your Teen’s Business on Facebook

For instance, a young woman in our homeschool group needed to raise $2,000 for an upcoming mission trip she wanted to attend.  She offered to make cinnamon rolls ($20 for a 9×13 pan) and fudge ($8/lb.) for Valentine’s Day.  She shared on her own Facebook page, and her mom shared on her Facebook page.  Their family and friends quickly responded by placing orders over the next week.  Within two weeks, she had made the money that she needed, and she had happy customers who had homemade sweet treats for Valentine’s Day.

Another teen in our group makes balloon animals.  She offered to make balloon flamingos attached to a container of chocolate for Valentine’s Day for $8.  She got over 25 orders and made a nice profit.

Recently, her mom set up a Facebook business page for her daughter to promote her business.  This young lady, who is still not even in high school, routinely is hired to make balloons at children’s birthday parties.  Now she has a page to promote her work by showing the balloon styles she can make and showing examples of what she does at parties.  This job can grow into a nice part-time income, especially when she is in high school and college.

Business Can Jump From Facebook to Friends’ Friends

While Facebook may be a great way for teens to start their business, it also gives them much needed exposure.  For instance, when the young lady above is working at a birthday party for a friend her mom has on Facebook, other moms at the party will ask about her services.  These women have no connection to her or her mom, but the magic of word-of-mouth referrals has begun.  Between Facebook and word-of-mouth referrals, she will likely keep very busy.

We’ve all heard the stories of teens who become YouTube celebrities and make thousands of dollars.  That likely won’t happen with the majority of kids.

However, thanks to social media, your child can grow a nice part-time business, especially if they advertise a product or skill that people want to their and their parents’ Facebook page, where people already know and trust them.

Do you have an entrepreneurial teenager?  If so, how do you help support their endeavors?  How do they usually find their clients?

Filed Under: Children, Married Money Tagged With: business, entrepreneur, entrepreneurship, facebook, teen business

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