Uber Frugal Month, Days 1-6

Firstly, Happy New Year!

Now on to the main reason I am here- Day 1 is about reviewing the homework, or completing it if needed which I have already done, well done me!

Day 2 is to focus on your long term goals, therefore you can ask yourself, ‘Do I want to buy the new Sims game, or do I want to achieve my goal’. As we know I am flaky about long term goals and am still working on this, but having no debt and knocking the mortgage right down are definate goals! I mean, I haven’t spent the money on my op yet so that is nice, but as soon as it is paid I think it will ignite me to be more specific on spending/saving.

Day 3 focuses on managing impulse spending by waiting 72hours between wanting something and actually buying it, giving us time to evaluate if we really want something. So far this month, I have paid £18.80 in customs for dresses I bought last year, spent £30 on presents for my best friend and her new baby, and £70 on new fencing as my dogs are at war with the new dogs across the way which is just so annoying and anxiety provoking. Oh and we have had to pay £106 for gas bottles as we have ran out. Already an expensive month, oops! Hubby paid for food shop and it was £60 which is about £15 less than normal. My plan is to wait 72hours before all purchases- I do have my eye on a cheap treadmill at the moment so will see how it goes! I have wanted a treadmill for many months now as I love walking, but sometimes I just want to stay in with the dogs (they are arthritic so minimal walking these days), I will step out in my lounge but it isn’t the same! So a treadmill won’t be an impulse buy at least, and I am waiting for a good deal. Mrs Frugalwoods points out that when waiting the 72hours, consider if you really need it, calculate what else you could do with the money, can you alter something you already own, can you get it cheaper- ah facebook market place!- and finally could you borrow it from a friend. So many good points, it is pay day tomorrow so I will be using this as a good start point to practice this. I have also tried to be careful up until now but as I just proved I have still been spending :0

Day 4 looks at food shopping, Mrs Frugalwoods asks, do you eat everything you buy? I won’t lie, I am not always the best at this side of things, but we did a meal plan and food shop so this week we have been doing well so far. We do food shop weekly, and use Aldi unless we need something we cannot get from there- Vimto is a need when on offer! I have also decided to not drink alcohol as my surgery means I cannot anyway. We are not very good at bulk cooking, but try to plan easy quick meals when I am working as I get home late, and I don’t mind a tiny bit more complex on my days off and more complex again when we are both off if we want! Though cooking isn’t really our thing. We won’t be buying take out, I won’t be allowed/able after surgery and in these weeks working towards surgery I have to follow a strict plan. Freezing food isn’t something we do often, but I have been advised that before the op I should freeze food as I wont have the energy or inclination initially. Also, we normally eat all our food on our plates so left over food is rare! I do need to have a very good look at the Liver Reduction Diet that I start on Saturday for two weeks to make sure that I meal plan correctly.

Day 5 looks at our discretionary spends, Mrs Frugalwoods says that we should times monthly discretionary costs by 12 to work out yearly costs, and see how much you might earn if you invested it instead. I am not very with it when it comes to investing, I don’t really understand the process and have looked several times but not taken the first step. I probably should! I think this time round I will focus more on this area, and try to make some effort! This is a good article that I am reading to help with this from Mrs Fruglawoods.

So today, day 6, is about organising your finances. Tracking monthly spending, knowing your monthly net income (mine does vary due to length of the month some are 4 weeks some are 5 weeks), you need to know what you owe and you need to know what you own. As suggested by money saving expert and Mrs Frugalwoods, always try to pay your highest debts down first, focus on the interest rather than monthly cost. So, as it stands I have a £5k loan with a set cost, therefore nothing to be saved from paying it off quickly as such, I will have about £4k on a 0% credit card for 18months, it probably makes sense to try and pay this off first as after 18months (though I plan to tart the card to not pay any fees) the APR is 18%. The loan is set to take 5 years to pay off and I have already had it since August 2020. I have about £2.5k saved but as I have said before, I don’t know how long I will be off work so want the cash to cover any unforeseen time off so I can pay my bills. Whatever is left when I get back to work I will pay off. I also will be able to save a chunk of my wage tomorrow as it was a 5 week month, and I get some extra moolah for bank holidays. The next step is to create an Emergency Fund- we have £1k left in our emergency fund now as we paid off some debts last year. Mrs Frugalwoods talks about saving for retirement- my work pension is a basic one and the outlook is poor, when I tried to increase payments, both my work and the pension people were totally unhelpful so I pay the usual amount in. Not really sure what else I can do here? And finally she talks about investing, it is on my to-do list I promise!

I am expecting a call from the dietician to discuss my pre op diet later today, she just called to see if I am free, exciting but nerve wracking. Need to re read the plan so I can make sure I have all my questions ready. I will also have a good look at my personal savings after pay day and money dance on my next day off, look at how much I still owe on the loan and work out when I need to pay for the surgery! I still need to book and pay for the dentist too, bah!

What is frugality?

When I think of the word frugal, I won’t lie, I do automatically think of negatives such as going without, being tight fisted and being unhappy. I fully believe this is due to the world we live in being so materialistic and equating spending with happiness, or at least the awareness that when you buy something it can make you feel good, even for a moment. I fall into the trap quite often of living for the future, not in the moment. Once I buy this, once I do that, once this is achieved I will feel safe/secure/happy etc etc. Though if I break things down, I have lots of great things already, our home is amazing, for the budget we have it is as perfect as it is going to get! Yes, it does need things doing to it, some painting, tiles in the kitchen and little touch ups here and there, and perhaps some things are not to our taste, but they are fully functionable! I dislike the kitchen, but I would not replace it anytime soon as it is in great condition and functions well. One day, when we have used it to death, perhaps I can get the dream kitchen! I also have lots of clothes, if I am honest, the only clothes I may need anytime soon are: new work trousers, I wear these out! Hopefully not for a few months though and I will need new work trainers/shoes soon, I have started to wear the backs out, and as I do 12 hour shifts on my feet, they have to comfy! I do wear out trainers as I spend a lot of time in them, I tend to buy end of the line trainers from SportsDirect and they last 6-12months depending on my use. I could really do with walking boots, but I really struggle to find any that are comfortable, I get blisters on my feet so easily which is frustrating.

I looked up the definition of frugal:

1.  Practising economy, living without waste, being thrifty

2. Not costly, meagre

These are not negatives, in fact quite the opposite, who wouldn’t want to be economic, without waste and thrifty? And if I think about what is important to me: hubby, dogs, family, chickens, roof over our heads, garden, quietness, travel and feeling secure, these can all be achieved without being a spendthrift!

I have been watching Buying and Selling on ITV- I am sure it was Property Brothers when we used to have Sky! I enjoy watching house shows, I find it interesting and exciting to watch transformations, but this show is all based around consumerism, I want bigger, more expensive therefore technically better! We are a fascinating species!

I like to try and be a green person, I want to help the environment and am always interested in learning about new ways we can do that. Being less wasteful would be a huge help to the environment, eating better food, feeling more productive and hopefully achieving more as I feel better. We recently Kon Marie’d the house- freaking loved the show on Netflix! We charity shopped so many clothes it was crazy, then I have been slowly re-filling the wardrobes and drawers with new clothes, defeating the whole point!haha. I think I will look at re-doing this in the new year, emptying all the drawers etc and going through my clothes to see what gives me joy! This way I will also get the chance to see what clothes I actually own, and how much I don’t need to spend. I think clothes are an area I am spending too much and on things I don’t ‘need’. In January, I shouldn’t need to buy any clothes, though I may want too!

I have been researching making my own cleaning solutions and washing powder. I will continue to look into this and see if it is feasible for us to get going with this aspect of frugality and also being green! We will use whatever cleaners we already have to not waste anything!

Watch this space for more brain farts about January’s challenge!!

Uber Frugal Month

I tried and failed to do this challenge last year, I didn’t really put the effort in and made excuses which I then allowed to stop me. So, next year I am going to attempt this again! I have signed up to join in January 2020 alongside Hubby, as we both earn alright wages yet saving always seems tricky and money disappears! Not just because I like to go on holiday, as we haven’t had such expensive holidays as Florida and New York (coming up) since our Honeymoon in 2014! So this is only accounting for some spending. Our mortgage payments used to be over £900 a month and we would over pay, but recent years have seen us reprioritise and savings have been made to do things to the house. But other things and materialism has been playing a part in not having as much as we could in savings.

The Uber Frugal Month Challenge (UFM) was created by the Frugalwoods who base their whole life on being frugal yet having luxuries. I find their website fascinating and would definately recommend wandering over to have a good read about all they have achieved. Amazing stuff and so much valuable information to be gleaned from them!

You can sign upto the challenge at any time of the year, though they do it as a group thing in both January and July, you receive an email each day and can join in a group on Facebook. The aim is partly about saving as much as possible, but to also challenge the way you think about and use money ergo affecting future use of money! Read this article from the Frugalwoods: all about how consumption breeds consumption and never being satisfied.

I do use Facebook market place, ebay and other second hand sites at times to look for items. We have gotten some fantasic things this way for bargain prices. Though you can need to weigh up the cost of the item versus collection costs etc. We live quite rurally, to get to a Costco would take aroung an hour, cost of fuel etc, perhaps we will look into whether this could be cost effective, though I do feel the local Aldi is pretty awesome! As a plus size lady, I do struggle to find charity shops in our area that have clothes in my size, except for the ones I have donated so this is an area where I do tend to buy new. I can get quite obsessive about trying to find the perfect clothes and spend lots of money this way, a lot to do with self image issues if I am honest. Definately a can be improved area! I do zig zag from frugal to spendy very quickly and easily depending on what I desire in the moment. Oh I can’t spend £5 on options hot chocolate which lasts weeks, but spending that on a bottle of wine is nothing and it lasts a day, maybe two! Weird way of thinking about cost vs value really.

The Frugalwoods hope that this month with translate into a life style, and given how happy and well established they are, it is understandable they want to share their wealth of knowledge and happiness with the world! I will be exploring the homework and will blog about my thoughts around what they are asking us to do. My only hiccups in January are: we have a short break booked, and will be having a meal out with friends! So not as frugal as it could be already, but hopefully even with these events we will smash the challenge.

Hubby is interested but often tired from working very long hours, and sometimes only getting one day off a week. He often lets me take the lead with money based things and that is ok. But I am hoping he will have some interest in discussing this challenge in more detail as it draws closer! I am looking forward to breaking down the steps to the challenge, knowing it is a month will help psychologically and I do hope we can continue into the future!