(Closed) Better household spending habits? and is using coupons often embarassing for u?

posted 6 years ago in Money
Post # 3
Member
213 posts
Helper bee
  • Wedding: October 2012

If its just a few I have no problems but I couldn’t see myself with the whole binder of coupons. A lot of stores that have a shopper’s card do coupons online now so that all you have to do is go online, pick you coupons and swipe your card at the store. I also go to the store with a list which helps cut down on unnecessary items. I also try to plan meals for the week which helps make a list.

Post # 4
Member
159 posts
Blushing bee
  • Wedding: December 2014

Coupons are totally normal and help to save some money regardless of whether you’re on a budget or not.  But then again I grew up in a family where after reading the paper, my mother would clip tons of coupons.

The financial situation that my SO and I have agreed on is that we’ll have a joint account where both of our paychecks will be deposited.  All bills and neccessary expenses (haircuts, dental visits, groceries) will be paid from that with an allowance of like maybe $40-60 for the week for whatever we want to do separately.  Anything left after that will go into our savings account for the wedding and unexpected finances.  We’re also going to have separate accounts so that if we’d rather deposit our allowances and save up for something big, say a birthday gift, the surprise can be maintained!

My advice is to sit down and talk with your husband about what you guys would feel comfortable doing because no one strategy will work for everyone.  The basics of a budget though are calculating your income and expenses and if necessary, find where you can shave down some things.  For instance, make your coffee at home instead of heading to Starbucks, could save you more than you think.

Post # 5
Member
1026 posts
Bumble bee
  • Wedding: September 2012

The first thing you need to know is what you spent the money on. Food, gas, going out, clothes etc.  If you can look at what you are spending on/what you want to cut down on I’m sure a lot of bees will be able to jump in with ideas.  

Post # 6
Member
10571 posts
Sugar Beekeeper
  • Wedding: January 2011

I use coupons.  I don’t go crazy, but there’s a site I check out every now and then, and I will use coupons that come with a product.  I also grab the ones in the aisle or at the front of superstore.

Coupons are a much bigger thing in the US than here.  Our stores are more strict (you usually can’t double coupons, at the very most you get things for free and not money back if an item is $0.75 and you have a $1 off coupon etc).  If I lived in the US I would probably do a bit more, like checking out more websites.

Post # 7
Member
1975 posts
Buzzing bee
  • Wedding: November 2013

my Fiance is and accountant and i am a financial advisor.

we have a joint account which both our pays are direct debited into *total a fortnight – $2510

we work out that each fortnight we automatically transfer $800 into our savings for wedding and saving for house ect

$250 a fortnight is automatically transferred into a seperate account for groceries

then we put $80 away for phone, net bills

$80 away for gas, electricity bills

$100 for car and home insurance

$50 for fuel

$600 goes to rent

$275 car repayments

which leaves roughly $140 each to spend however we wish a fortnight

 

Post # 10
Member
1975 posts
Buzzing bee
  • Wedding: November 2013

@Mrsgurzakovic:  its easiest to look at how much you earn minus the important must pay bills (rent, phone bills, gas, electricity ect) do an estimate on how much you spend on groceries (try to write a list to prevent impulse buys also shop once a week instead of every night to pick up stuff for dinner ) estimate how much you spend on fuel. discuss how much you would like to save and take that away too (put in a high interest account!! i am getting roughly $40 a month in interest because of my savings sitting in there!!) whats left is what i call spending money. Can be used without having to discuss with your partner and spent on frivolous things such as shoes, nails, take away, nights out ect 😀

Post # 11
Member
1071 posts
Bumble bee
  • Wedding: July 2013

First, you need to write a budget.  Figure out where all of your money is going.  Then divide that budget into catagories necessities and non-necessities.  You also need to create a savings plan and set goals for every month.  As far as saving money is concerned, don’t go out to eat so much, there is nothing wrong with using coupons, and plan your meals according to what is on sale at your local grocery store.  Last week I did a $50 challenge where I only spent $50 on groceries for both my fiancee and I for 3 meals a day for a week!

Post # 13
Member
3461 posts
Sugar bee
  • Wedding: May 2012

I used to not like holding up a line with using lots of coupons and having to talk the (uneducated cashier) through the coupon policies of their stores, but now that I’ve done it more I don’t mind, unless we’re on a tight schedule.  I suggest doing more than just clipping coupons – focus on the weekly sales, see what meals you can make using those products, and then apply coupons if you have them.  Stock up whenever you have a sale+coupon for an item you use frequently.  Conversely, don’t buy just because it’s on sale+coupon if you won’t use it.

Post # 14
Member
254 posts
Helper bee
  • Wedding: July 2012

@Pokemon:  Can you recommend any good high interest accounts? I don’t even know where to start. 

Post # 15
Member
1769 posts
Buzzing bee
  • Wedding: June 2014

@FluffyFTW:  FI and I use (and highly recommend) ING savings accounts – it’s all online, so you’ve got to be comfortable with that (it’s a little weird that we have thousands of dollars just sitting in a computer – there’s no bank to run to if we want to empty the account). The savings accounts have a .8% interest rate right now, which is the best interest rate you can get for a regular savings account in the US (that I’ve found – most banks like PNC or Bank of America it’s around .02%).

Post # 16
Member
2866 posts
Sugar bee
  • Wedding: June 2014

I am a crazy saver, I really like saving money. Both by sales/coupons and just plain not spending money. First would be to make a budget- figure out how much you are bringing in vs how much is going out. If you are only bringing in $2k then spending a few hundred a month on things like eating out and luxuries makes no sense, but if you are bringing in $5k then it does ykwim? Also don’t knock yourself out doing it, you will burn out. It is GREAT to save and to hold onto your money, but if you lock down everything to only what is a need vs a want you will feel deprived and be unhappy. 

Saving is never embarassing. Build that nest egg up by any means you can. Work now, play hard later 🙂 You will be thanking yourself for being thrifty come retirement! 

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