AutomaticPersonalFinance.com

Wealth Can Be Yours On Any Income

Archive for the ‘Uncategorized’ Category

Getting Married, When Two Lives, Budgets, Savings And Debt Become One

Saturday, May 24th, 2008

As many of you know I am getting married April 25th 2009. My soon to be wife is just awesome, she is just the best.

When it comes to money we are very different, usually when two people are getting married one is a spender and one is a saver. We actually have a different problem. We are both savers but different styles!

She tends to hoard money in low yielding savings accounts, me on the other hand I tend to put money in mutual funds and individual stocks.

After much discussion I finally convince her to open her first Roth IRA that is in a mutual fund, I think she understands the importance of investing but doesn’t really understand it enough to be comfortable actually doing it.

One this she IS awesome at is looking for deals while shopping. One of our first real money fights was when we both went to the grocery store and I just grabbed something without looking for the cheapest brand.

Overall, I think out financial styles will merge quite well and things will work out great, but it goes to show it is hard when getting married because you are also merging two different financial styles.

5 Tips To Save Money At The Grocery Store

Saturday, May 3rd, 2008

Last night my fiancee and I were at the grocery store and we actually got near the end of our trek through the store and we realized we spent a lot more than we planned to. True we did buy 4 Rib eye steaks for $25(hey we did have a $1 off coupon). I was having trouble justifying buying steaks that cost so much when the economy has been struggling lately and many of my investments are down right now.

How did I rationalize this purchase? Well I did save $1 and the coupon was expiring(I know not a very good rationalization), also I haven’t had a good steak in about a year and a half. I was planning on making one today, but of course it was raining outside. Will have to wait for a nice sunny day.

Anyways, how can you save money at the grocery store?

This will even work if you hate budgets!

1) Buy In Bulk

When possible buy items that will not spoil in bulk quantities. We belong to a local wholesale club and we buy plenty of items that make the membership worthwhile. Make sure you know your prices as not every item is a better deal.

We usually pick up large packages of paper towel, toilet paper and a lot of our meat products(ground beef etc)

2) Buy Clearance Items

Often many grocery stores will discount perfectly fine items that we not selling that well to make shelf room for top sellers. I often pickup very inexpensive TV Dinners this way, and other items like hot sauce and salad dressings.

3) Comparison Shop

It really does pay to know your prices, I visit 3 grocery stores in the local area and save money on products at each one. Some may ask about the extra driving, I usually do not make special trips and stop when I am heading in that direction anyways.

4) Plan Your Meals

If you plan out your meals you can save a lot of money. If you know you are going to be using ground beef twice this week you can buy a larger package which will be cheaper than if you buy a small package at the beginning of the week and another one mid week.

5) Check Out The Farmer’s Market

Again you must know your prices but shopping at a local farmers market is great on many levels. You are supporting local farmers, the items are fresher and often times you can find great deals on produce.

Check back in a few days for our 5 Tips To Save At The Gas Pump