Recently, we have been spending quite a lot on groceries. I feel like we’re going well over budget on a recurrent basis. This obviously will not do when we’re trying to be sensible with money, generally frugal, and as wise as possible with all spending, and investing the savings we make out of that process. Luckily for us, I happened upon a fab website, which I was really surprised to not have come across previously – Thrifty Lesley. I only happened upon her website by chance, through an article on cheap recipes. It had associated links and one of them was to Lesley’s site.
The Plan – How to Cut Your Grocery bill in half?!
We’re attempting to cut our grocery bill in half! Yes, it’s a bit of a challenge, but I think we can get close. I will not include food for our son, as he has certain requirements which don’t really fit in with Lesley’s meal plans and recipes, but hopefully he can try out some of the stuff we’ll be doing over the next few weeks.
Today I went and bought all the ingredients we need for week one – everything to make every recipe in Lesley’s first meal plan. I had some of the stuff already, so I spent a bit less than was stated. The other thing I did was to buy the cheapest/kg items, rather than the smaller packets that Lesley’s site suggests. I realise that this will make the weekly list slightly more expensive, but that just means I will have some food left over to use for subsequent weeks. Plus, if I can get my son to eat some of it, then all the better, as the plans are based on two adults, not any kids included.
The Thrify Lesley site has 9 weeks’ worth of meal plans, so we are starting with all the recipes for week one tomorrow, on Monday 3rd August. The plans include three meals per day as well as some ‘cakey extras’ as Lesley calls them, to fill any hunger gaps and snack times we might need. I must admit, I loved the sound of this, even though I don’t have a sweet tooth!
What to Do with the Saved Money?
Well obviously, we love investing in P2P and dividend-paying stocks, so that is one place where saved money gets invested. However, we have also recently had an enormous car repair bill, which we were sort of expecting, but it meant having to liquidate some shares. As you may remember, selling shares was part of our revised plan of what to do with a our general cash flow and savings pots for various irregular e.g. annual expenses such as car insurance and MOTs etc. So I recently sold my entire investment in Ford – not too sorry as I was being taxed 15% on this one anyway. I’ve held this share for many years and received decent quarterly dividends too. I also sold a small position in Vodafone – I wasn’t really keen to sell, but it made up the exact amount we needed for the car, so bye-bye Vodafone it was.
Hopefully we can start buying back into some new stocks with the money we will be saving on the grocery bill challenge. I am certainly hoping so. I have a long list of potential stocks to buy every month, so it’s always fun to research and choose what I think will be profitable.
What do you think to the challenge, can we cut our bill in half? What do you spend on groceries per adult? Let me know, leave a comment below.