Family Financial Challenge - Week 1 Round Up #SavingMadeSimple
Week one of the challenge was CASH, CASH, CASH!
When it comes to making weekly purchases our family usually spends cash because I find we consider our purchases or should I say impulse purchases more when spending cash on hand. In some instances, we use debit because if our bill is going to be rounded up due to not having pennies any longer in Canada than we use debit so we pay the actual price instead of losing money with every purchase but if it works to our benefit and they round down then we use cash. Make sense! Using this this method isn't for everyone because you have to be disciplined in your spending happens to carry the debit card with you and only use it if it is to your benefit.
Part of the program is that you are supposed to keep a journal of your purchases. As a family, we are pretty disciplined with our purchases. I do keep to a very strict grocery budget of $400 a month for the four of us. We eat mainly organic and no pre-booked meals or foods and it is possible to do on such a tight budget with dietary restrictions and those prices much higher than our US counter parts.
Do you have a monthly or weekly grocery budget???
How does the Family Financial Challenge work: Check out this blog post
Disclosure: I am a P&Gmom/mamanP&G. As part of my affiliation with this group I receive products and special access to P&G events and opportunities. The opinions on this blog are my own.