So, have you heard the price of gas went up again? This is becoming the newest well worn phrase, replacing talk about the weather.
Would you rather talk about gas prices or weather? I'm not a fan of either topic. My go-to response is "How are you coping with [insert gas costs or current weather issue]?"
My strategy is (and always has been) struggling to ensure my expenses do not exceed my income. Either cut down spending or increase income. Is there anything to be sold? Is there a more economical way to manage what we have? Using power, water and heating frugally. What spending can be slashed?
When gas prices started inching up, I played the game well. I utilized Air Miles incentives at their sponsored gas station. All I had to do was fill up three times within a month to receive 100 bonus Air Miles. Then one can redeem 95 of those Air Miles for $10.00 off any Air Miles purchase at their affiliated stores. I have cashed in $50.00 of those miles since January and I'm one gas fill up away from my next $10.00 bonanza.
My credit cards accumulate points which can either go towards payment of the credit card balance or a purchase at the store which is associated with the card. I have recently added a new card which has offered a savings of 25 cents per litre for the first 10 fill ups using the card. I have loyalty cards where I shop the most.
It is a game and I play it (fairly) well. At the moment, I have about $100.00 worth of points I can utilize to subsidize the increasing costs of living.
Groceries have always been my go-to budget slashing item. I have gotten lazy over the course of time and have defaulted to buying whatever I please. I shop at the most economical store I know of to ensure overall, I'm paying as low a price as possible (not always true but it tends to work out to saving $5.00 to $6.00 per $50.00 spent). Granted, due to the knowledge I'm saving money, I have a tendency to over-spend at this very store so I'm still spending more than I should.
The benefit of online grocery shopping is you can play around with the items in your cart and ensure you don't exceed your budgeted amount. The ability to add, remove, change and alter your order without physically walking up and down the aisles with a calculator in hand is a huge benefit. Something I haven't utilized. Yet. But the day is coming (or already has come and gone and I missed the memo). It may take more time but this could save money each and every time I shop.
So far, the only grocery budgeting strategy I have managed to date is due to my "intentional eating" mandate. I have stopped allowing myself to grab a bag of chips and eat in front of the TV so I can stay awake longer. No eating while watching TV is my rule. I have not limited what I can eat or how much I can eat. I simply altered HOW I eat. I must eat without distraction. I am three weeks into this resetting of my mindset and I can tell you one thing. Eating chips without watching TV is the furthest thing from my mind. I am easily saving a three-bag-a-week chip habit. Plus, I have stopped drinking my favorite diet cola beverage in lieu of water (flavored water using drink crystals which we already have, but I'm trying). I used to drink a one litre bottle of pop every other day or so. So add my pop savings to my chip savings and it equals a weekly savings of $12.36 according to today's bargain store pricing.
My take-out food habit has been reined in by driving out to my weekend oasis location. Recent take-out spending has amounted to less than $50 per month. When I spend weekends in the city it is almost guaranteed we will order take-out food at least once, easily doubling that amount. My old spending habits easily averaged $100.00 per month or more.
Current monthly spending habits equal cashing in on $10.00 worth of Air Miles by playing by the rules of current promotions + almost $50.00 in chips & pop + $50.00 take-out reduction = $110.00 per month.
And this ... is how I justify the gas it costs to drive an extra 250 km per week to spend time at my weekend rejuvenation destination. Unfortunately the cost to fill my gas tank (compared to last year's prices) has increased by approximately $33.00 per fill up X 4 times per month = a cost increase of $132.00 per month so I still need to find a way to slash $22.00 monthly spending.
What can be slashed? Do we need Netflix ($18.30) AND Amazon Prime ($11.09)? No. Do I NEED the extra channel package on my cable TV ($8.88)? Not without the ability to stay awake without eating chips, I don't. I just "found" another $20.00 I could save.
I have slashed "going out for coffee with a friend" from my expenses. Holidays? I have one possible destination in mind but I have been saving $100 per month for just such an occasion so IF I make a decision, it has already been factored in. Thanks to previous COVID restrictions, I have lost my desire to go to see a movie, attend live theatre, a weekend day trip to meet up with someone halfway between our homes or any of my previous ideas of a fun outing. I'm saving all kinds of money by holding onto those restrictions on an ongoing basis.
The question is: Am I still living a memorable life while slashing "all of the above"?
My answer is: Thanks to my little home away from home on the weekends, I have added value to my weekends where I am restored by spending time in my little oasis where my recreational vices are spending time/walking with my sister; cooking/cleaning/puttering around our little home; and the joy of having a cousin move in six houses from my little weekend retreat. I have found a way to justify the cost of gas and it doesn't feel like I've sacrificed a thing.
I stepped away from this post in progress to make myself a smoothie. With each and every cupboard, fridge and freezer door I opened I marveled at the privilege I have. A fully stocked kitchen with back up supplies. The ability to replenish what we have. The precarious notion of a guaranteed income. An income stream which could change in a New York Minute.
I am trying so very hard to be vigilant with spending as I know the fine line between life-as-I-know-it and how life-could-be should circumstances change.
What are your coping strategies? Have rising costs of living stilted your way of life or have you been fortunate enough to add value to your life by cutting corners in a way where you don't feel the burden of filling up your gas tank? Have you managed to find small ways to make a difference? Or has this added fuel to the fire of a budget already stretched beyond its limitations?
Enough said. Tomorrow, I'd like to write about rabbits again. Okay?
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