I know what your thinking. Kristin, how is a $200 mixer a frugal purchase? Well, just this week it saved me about $75.

My husband and I love pizza. Seriously, love pizza. I’ve made it three times in the past week. Yes, I know it’s not the greatest thing for you. I have been eating salads with my pizza if that makes you feel better. The best thing about making pizza at home is that it is  cheap. It costs me about $3 to make. This week, I already had everything in the house to make pizza so there were no additional expenditures. I’m just using up stuff I already had.

I don’t know how things are in your  neck of the woods, but pizza here is kinda expensive. If we have pizza delivered it usually costs about $25 after you’ve tipped the driver. This week, I made pizza three times which saved us roughly $75. That’s almost half the mixer.

I also used my mixer this week to make cookies. I use it alot to make bread and biscuits. I use it to mix meatballs and meatloaf, especially in the winter when the meat is cold. I use it to mix pancake batter so it’s not lumpy.

There are also a ton of attachments you can get for it: ice cream maker, meat grinder, pasta maker, slicers and shredders. I don’t own any of the attachments yet but I would love the pasta maker someday. I have one of those manual crank ones and it takes forever.

There are so many uses for the mixer. If it makes it easier to cook and your more likely to make good food for your family at home because of it, I’m all for it. I know I’ve paid for my mixer at least ten times over with all the times I’ve used it.

I’m always looking for new ideas for using products. How do you use your mixer?

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I’m pleased to announce that my blog is now being featured on Frugal Focus. Many of the blogs I read are featured on this site, so it’s like one stop shopping for all your frugal needs. There are over 60 blogs featured on the site discussing everything from budgeting to recipes to coping with being cheap. It’s great to see there are many of us out there living the frugal lifestyle. Go check it out. You might just find a few new tips and maybe a coupon or two.

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When my husband asked what was for dinner tonight, I told him we were trying a new recipe. When I said Pierogi beef skillet, he made a face. I showed him the recipe. He said it was “mahnush” (pronounced ma-nush, I have no idea how to spell it because it’s  a word he has made up). Don’t ask me what mahnush is. After 10 years together, I’m still not sure what makes something mahnush. I’ll try to get him to clarify that for me. It’s been impossible so far.

I knew that recipe was dead-on-arrival. So I had to improvise. I was already set on the fact that I was going to use the ground turkey, so I decided to use my old standby: The build-your-own casserole (posted to the recipe page of the site). I love this one because I can almost always make it with what I have on hand and it’s a great way to use up stuff in the pantry. You can use any combination of meat, veggies, toppings and whatever else you have in the house. I used cream of mushroom soup, frozen corn, pasta shells, ground turkey, a can of sliced mushrooms, a package of cream of mushroom soup and topped it with crushed Ritz crackers and some leftover shredded cheese. It’s quick to whip up and always turns out good.

The recipe is from a great group over on Yahoo Groups called Pantry Challenge. I used to be very active over there but then life got crazy. I do still go over there every now and then to check out what’s shaking. You might want to go check it out yourself if you are looking for new dinner ideas. They even have a folder full of cheap eats dinners. This is where this recipe came from.

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Have you ever thought about this? Many of us are just blindly putting money into some type of retirement vehicle (401(k), SIMPLE, IRA, etc) but is this going to be enough?

There are a few things to consider when trying to figure out how much money you’ll need. First, try to figure out what percentage of your current income you think you’ll need for retirement. If you had no debt and no mortgage, now much of your income would you need to live off of? Don’t forget that you won’t be saving for retirement once you retire, so you can take that out as well. If we didn’t have any debt and weren’t saving for retirement, Jeff and I could live on about 50% of our current income.

Next, you’ll need to consider how long you might live. Go whip out your crystal ball… wait, you don’t have one of those? Aww, come on. No crystal ball? Really? Ok, ok. How about the next best thing? The Living to 100 Life Expectancy Calculator is not exactly a crystal ball, but I know a lot of financial planners and other professionals that use it as a gauge. The other nifty thing about this calculator is that it gives you suggestions how to improve your life expectancy. You’ll probably be amazed how long you’re going to live. According to the CDC, if you were born in 1980, your life expectancy is 74 years. If you make it to age 65, your life expectancy jumps to about 85. That’s a lot of retirement money.

I found a great retirement calculator at MassMutual’s website. It’s the first one on the list, “retirement planner”. This allows you to put in your current age, retirement age, how much you currently have saved and a bunch of other variables to see how the numbers work out. It will also give you suggestions to reach your goals. It’s a very nice tool. I would suggest that if you are under the age of 50, do not check off the “include social security” box. At some point the government is going to need to make changes to the social security system and I would rather you plan as if it does not exist. If you plan that there won’t be social security and it’s there when you retire, you’ll have much more money. If you plan for it to be there and the benefits are reduced or aren’t there at all, you won’t have enough money.

When I did our calculations, I also did not take into account my husband’s pensions. Unless it’s money in my retirement account, I’m not counting it yet. If the pensions are there when we retire, we’ll have a hell of a retirement, but I think at this point we are just too far from retirement to feel secure that they will be there. If you are closer to retirement and vested in your plan, you can reduce the percentage of your income that you’ll need from your retirement account. For example, if you think you’ll need 80% of your current income in retirement, but you have a pension that will provide you with 60% of your current income, then you only need 20% from your retirement account.

How are you progressing toward your retirement goals?


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I’m not going grocery shopping this week. I don’t want to spend the money and I want to get everything out of the freezer in the basement so I can defrost it. It’ll be a little creative, but not terribly so. I’ll probably bake some bread tomorrow. I made cookies on Saturday. I’ve got a lot of stock in the house, but many pantry items are running low. I might try to do this again next week, but we are starting to run low on meat and the husband might get bitchy.

Monday - Swedish Meatballs (see recipe page for this one).

Tuesday - Pork Chops, rice and some type of  frozen veggie from the freezer.

Wednesday - Pierogi beef skillet (I’m going to use ground turkey for this).

Thursday - Chicken Parm (easy recipe on the recipe page).

Friday - Deep Dish Pizza (I know I praise this recipe all the time, but it seriously keeps my budget balanced).

Saturday - We’ll be out all day at a tea party, so I might need to spring for some rolls to make hot dogs. The hot dogs are in the freezer though, which does help with my plan.

Sunday - Going to a birthday party so no dinner.

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The Veteran and the Coupon Warrior entered a little bit of heaven. It was the legendary land of electronics.  The Coupon Warrior seemed in some rush.

The Veteran said, “Hey relax, we are not in any rush.”

She just responded, “Jeffery.”

As they went deeper he would occasionally say something like, “LOOK SCREEN SHINY” or “BUTTON FLASH, JEFF WANT!”

Turning into the main aisle of the store her voice turned into a severe warning, “JEFFERY!” the Coupon Warrior’s eyes narrowed.  The Veteran was shocked to learn this place was not heaven, but some evil attempt to lure the pair into another battle for savings,”Crap, but the name was so good.”

She moved quickly and stealthily. The Veteran was forced to run to keep pace.  However, he always preferred speed in the shopping experience.  The Veteran watched with pride as the Coupon Warrior effortlessly kneed a cell phone salesperson in the groin without breaking stride. The poor chump just fell silently to the ground.

With speed and precision the pair torn through the store; occasionally, the veteran heard a faint voice saying how much they could save by switching plans.  However, the voice was distant and beaten.

The confident pair turned into the final aisle.  The Veteran noticed the ground shift and tried to warn the wife, “Ambush!”  However, it was to late; the pair started to sink into the quicksand pit that appears in every store.  He looked desperately at his wife as she opened her coupons. There was a massive explosion of expired coupons.

The Veteran saw a zombie looking cell phone salesman entering the aisle, arms stretched out, “moooore miiiinutes.”  He looked desperately, seeing his wife unable to move.  Thinking of the poor cats at home and his injured wife the Veteran reacted.  He grabbed a bag of cat litter and threw it in the cart.  Lifted the injured Coupon Warrior over his shoulder dragging the cart our of the pit away from the zombie cell phone salesman who still cried, “moooore miiiinutes.”  He ran down the long back aisle towards the check out.  Pushing the cart and carrying the wife towards cashier his heart quickened until he heard the sweetest voice say, “Honey.”

Hoping the wound was not fatal he placed the Coupon Warrior on the ground at the end of the aisle.  “What is it dear?”  She weakly smiled, “I found a coupon!”  Her smile grew.

The veteran smiled, heart full of love, “Dear, you are too injured; wait here.”  He lifted the cat litter over his shoulder.  He looked back up the long back aisle. Seeing it filled with hundreds of zombie salesmen.  He smiled noticing they stopped in housewares and wishing they were in S-MART.  No S-MART, no guns. Then thinking of his buddy Mike (the zombie expert, yes zombie expert), he grabbed the closest crowbar.  He took a second to look back at the wounded Coupon Warrior and said, “Save me some sugar baby!” turned towards the zombie cell phone salesmen, he lifted the crowbar over his head screaming, “OH WELL!” He heard his wife say faintly, “But honey, sugar is NOT on sale.”

The battle was quick but deadly, the heads of zombies were quickly parted from their heads. The veteran did not escape unscathed, covered in bite marks and 2-year contract paper cuts.  He looked back at the corpses smiling.  He pulled his wounded body back into the cat aisle, grabbing the correct litter. He dragged himself back to the coupon warrior.  He watched as she pulled herself back to her feet.  Finally, the Veteran placed the litter into the cart. A very confused looking Coupon Warrior asked sweetly, ” I didn’t tell you it had to be the fifty pound bag?”  The veteran started giggling.  The Wife looked at him and said, “Are you all right?”  The Veteran started laughing. “Jeff?” . . . “HAHAHAHAHAHAHAHAHAHAHAHA . . . more minutes” was his last response. As all went black he heard, “Oh and we need cat food.”

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When I do our budget, I always budget for two pay periods each month. My husband gets paid every two weeks. In July, he’ll have three pay periods. We look at this extra check as a bonus. If you get paid every two weeks, you might be seeing an extra check next month as well. Here are some suggestions what to do with that money:

1. Start your emergency savings account - if you don’t have $1,000 in savings, now would be the time to fund that account or finish funding that account. This will give you a cushion so that if you do have an emergency, you won’t have to turn to your credit cards to get through it.

2. Make sure your budgets are up-to-date - we all have expenses that we have to pay for once of twice a year. For example, we pay our trash fee each year at the beginning of each year. We make sure we put away 1/12 of the cost each month. Our car taxes are due once a year as well and we budget 1/12 of the cost each month for that as well. We are also budgeting for gifts for the year, including Christmas gifts. Look at the items you pay for once or twice a year. Are you currently budgeting for these items? Now might be a good time to put some money away for those items. Say you have a large bill due in January, like a trash fee. Our trash fee is about $250 a year. In order to budget for this each month, we put aside $21 a month. By the end of July, we should have $147 saved. Consider using some of that extra paycheck to sure up these items so you’ll have the cash saved when the bill comes. This will make it less likely that you’ll have to turn to debt when these bills come due.

3. Jump start a fun savings account - Put some of the money aside for something fun. Maybe you’ve always wanted to go to Italy (ok, maybe it’s just me) but saving $5,000 seems like it will take forever. Consider using some of the money to jump start that savings account. By putting some of bonus into this account, you’ll feel like you’re making more progress and will be more apt to save for this event. If a trip is not in your future, jump start savings for a car, an appliance or other item you’ll need.

4. Pay down debt - This is where most of our bonus will go.

5. Do something nice for yourself - sometimes when you are living on a budget, you don’t get to do some of the nice things for yourself that you wish you could do. Consider going on a nice dinner, seeing a movie, getting a massage or getting yourself something you’ve wanted for a while. Reward yourself for sticking to your budget, just don’t go overboard.

The most important thing is that you need to budget this money. If you just let it go into your account, the money will slip right through your fingers. Allocate every dime of the money. Take a bit for fun, take a bit to save, give a bit to charity if you’d like, pay down some debt. Enjoy July’s windfall and get yourself closer to financial security.

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Sometimes we all have a bit of a stumble. This month, I felt like we had stumbled a bit. Why haven’t I posted a meal plan lately? Because I haven’t had one. The last few weeks have been really hectic. Last week, we had events every night from Tuesday to Sunday. This week, I haven’t been feeling well. I haven’t gone grocery shopping in about two weeks. We’ve been eating out in some respect a lot this month. Last night, we got pizza from the grocery store (way cheaper than getting delivery). I felt like we’d fallen off the frugal train.

Then I ran the numbers. Remember that I download everything into QuickBooks to match it against my budget. We are actually doing a lot better than I thought. I’m over budget on a few things this month. I’m $17 over budget on my repairs and maintenance budget (we needed weed killer and we recalked the shower in the master bedroom). I’ll take that out of my furniture replacement budget. We are $24 over budget on our entertainment budget. I’ll end up taking that out of the vacation budget.

Our food budget is actually under budget by $56. This really surprised me. I thought we were already way over budget. $56 is plenty of money to get me through the rest of the month.

The moral of the story is don’t beat yourself up before actually looking at the numbers. If you do fall of the frugal train, dust yourself off and start again next month. One of the reasons that I love my monthly budget is that I can always start over next month. Plus, since I budget for everything, even things like furniture replacement, if I go over budget on repairs and maintenance, I don’t overdraw my account. I can just reallocate money from another account. It makes me feel better to know that I have the extra money in the budget incase I need it.

To start my reform effort, I’ve got pork chops defrosting in the fridge for dinner tonight. I’m going to get all my coupons clipped from last week and from the package that my mother-in-law gave me. The store sales kinda suck this week, so I’ll take an inventory and probably head down to the PriceRite to pick up some staples for next week. If I slowly get back on the train, I’ll be fully back on the train for next week.

Have you ever had a frugal slip? How did you get yourself back in the game mentally?


Free Grocery Coupons

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Earlier this month, I wrote about having an accountability partner. Today, J.D. Roth over at Get Rich Slowly posted about this concept with a guest blogger telling her success story. Go check it out and see how an accountability partner could work for you.

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I hate car loans. I’ve only had one in my life. My first two cars were purchased with cash. They were crappy, cheap cars, both of which I loved. My third car was a new 2002 Kia Spectra. I still own this car and I plan to drive it until it dies. I don’t think I’ll ever buy another new car because I hate having a car loan. I’m currently saving for my next “new-to-me” car.

Most people think I’m crazy when I talk about saving for a car. Car loans and leases are part of everyday life. Well, they don’t have to be. Being an accountant, I decided to run the numbers. It’s pretty amazing.

When you get a car loan, two things happen: you are paying interest to the loan holder and you are losing the interest income you could have gotten by putting the money into your bank account each month instead of forking it over to your loan company. These two forces are costing you a lot of money if you have a car loan.

I went to BankRate yesterday to check out loan rates. The average rate for a 5-year new car loan is 7.49%. Therefore, if you take out a $10,000 car loan, the monthly payment would be $200.33 a month and you would pay $2,019.92 in interest. Now, let’s take this one step further. What if you took the $200.33 a month a put it into a savings account at 1.5% (which is what my ING account is paying right now) for five years to save up the $10,000? Well, it wouldn’t take you five years. It would take you a little over four years to save up the money. If you put the money in for a full five years, you’d have $2,473.24 left over in your savings account. Not bad, right? Wait, it gets better.

What would happen if you kept putting $200.33 in savings each month, say for the next 40 years? Well, if you withdraw $10,000 every 5 years to purchase another car (hopefully you last a bit longer than that), in 40 years you would have purchased 8 cars for the same monthly payment you would have sent to the loan company. How much do you think would be left in the savings account at 1.5% interest?

$26,109.26. That’s right. Over $25,000. Remember, also, that we have the lowest savings interest rates this country has ever seen. What happens when interest rates go back to 4%? In 40 years, after purchasing 8 cars, you would still have $58,504.86!

Are you convinced that car loans just make you poor and self financing your car purchases can make you rich? Let’s look at one more scenario. What if you usually purchase $20,000 cars? Your monthly payment would be approximately $400.66, costing you $4,039.84 in interest. If you saved the money instead and purchased the car after you had saved for it, you would have $52,218.53 at the end of 40 years, even after you purchased 8 cars (one every 5 years), assuming 1.5% interest rate on the savings account. Raise that interest rate to 4%, and you’ll have saved $117,009.71. That’s a nice chunk of retirement savings right? I’d rather have the $117 grand than have a car loan. I can be patient. I can wait a bit longer to get another car. What do you think?


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