Saturday, August 09, 2008

It's the economy, stupid!

Well, we all know that, for a number of reasons, the economy is seriously in the toilet. I've always dipped my toe in the pool of tightwaddery, but lately I seem to be taking things to the next level in preparation for the crash. Because, let's face it, it's going to get worse before it gets better. We've always had high gas prices in comparison to the U.S., but the other day I noticed that diesel (which is what my car takes) is now at £1.31 a liter, which translates to $9.91 per gallon. Yikes! Everyone is tightening the belt a bit, so here's what we're doing in the Collo house to get more bang for our buck.
1. I have put a moratorium on credit card spending. We don't use our cards much anyway, mostly for booking travel online, which we only do a couple of times a year. But the temptation is there, so I put the credit cards in a ziploc baggie, which I then placed in a tupperware container filled with water. Then I put the whole thing in the freezer.
2. We grow more vegetables. We started doing this before the crunch because I wanted to feed the kids organic veggies. I have since noticed how much less I spend at the supermarket because I no longer buy veggies or fruit (with the exception of bananas and grapes, because we don't grow either of those). So I've given John instructions that he needs to be planting and growing veggies we can eat all year. I'm sick of zucchini though. I've got zucchini coming out my ears!
3. I cook from scratch. I don't buy processed stuff anyway, because Chris has allergies and I hate reading labels. But I cook a lot more from scratch, things I wouldn't have made before, like soups, bread and cakes. Aside from that, I plan meals based on what I already have in the pantry, freezer and fridge, buying only what I need to make a recipe or to restock the pantry, fridge and freezer. I shop with a list, and go by myself. If I take John and the kids, I end up spending twice what I'd planned.
4. I don't use the dryer unless it's pelting it down with rain. This may present a problem come winter, when towels and jeans are so stiff they can get up and walk away on their own if they've been dried indoors on a drying rack.
5. I buy ice cream. Seriously, the ice cream man comes by, my kids want ice cream and it costs me $3. If the ice cream man comes every day, I'm looking at $15 for ice cream. Forget that! For less than $5 I can buy a 1/2 gallon of ice cream and some cones. This reminds me of Eddie Murphy's standup routine that he used to to about McDonald's, and how the other kids in the neighborhood would get McDonald's, but his mother would make him a welfare burger. I don't care. Get over it kid.
6. I use Freecyle, and I am not averse to the odd dumpster dive if it's something we could use in the garden.
7. I shop sales. I've always been a sale shopper anyway, but I've restricted my shopping only to sales and the clearance rack recently. This isn't a bad thing. I recently got two new dresses for work from my favorite shop. They would have been around $200 at the regular price, but I got both for $60. I'm happy about that.
8. I clean my house with natural products like vinegar, lemon juice and baking soda. As I mentioned, the boy has allergies and I don't want him exposed to chemicals, and I can buy a monster bottle of vinegar at Costco for a bargain and no, my house doesn't smell like a fish and chip shop.
9. I combine errands so I only have to use the car once to save on gas. No one is allowed to turn lights on during the day. That's what daylight is for.
10. I color my own hair instead of having the hairdresser do it. This may or may not be a money saver, depending on whether or not we'll have to redecorate the bathroom because of all the Miss Clairol Number 128 I've splattered all over the place.

15 comments:

kristen said...

1. frozen credit cards by choice? we have definately tried to cut down too.

2. we would grow more if we had more room, but one zucchine plant is suffice!

3. i too hate reading lables, if i had someone with allergies to look out for i think i would go nuts, no pun intended...

4. i love hanging the clothes out, especially bedding. i try to get a load out before work if i know its not going to rain. but jeans and towels, no way.

5. i hate the ice cream truck around here..they dont have ice cream anymore, just novelties. mr. softie does not come around here. i have ice cream & cones all the time. sounds like thats out of the ordinary in the uk? and i love Eddie Murphy Raw, the green pepper burger skit is a hoot!

6. whats freecycle?

7. i love that site, too bad they dont ship to the US...i couldnt figure out the prices anyway!

8. havent ever done that.

9. try to combine errands too, and when i was job hunting, i only sent apps withing a certain distance. now, i can walk to work!

10. me too, cant see spending all that money at the salon...heck i put off getting my hair cut until i absolutely cant stand it anymore!

nice chuckle for a sat. morning, considering i was woken at 7:15 by a little one who definately needed more sleep!

Vicky said...

Freecycle is fantastic! It's like craigslist, I guess. You join a group in your area (I had a quick look and I didn't see one for Catty, but there's Allentown and Whitehall. You could start a group!) Then what you do is list all the things that you have that you want to get rid of, and if someone wants something, they e-mail you and you arrange a time for them to collect. Likewise, if you have something you need, you can post a "wanted" message, and if someone has one they want to get rid of, they'll e-mail you and tell you. I've got rid of loads of stuff - kids clothes, furniture, an old trampoline, you name it! I wanted a fridge recently for my garage, so I put the word out on freecycle and within 30 minutes, I had one! Free!!!! Go to www.freecycle.org. It's amazing!

mj jones said...

We bought a beater car for Forrest to go back and forth to work he saves like $60-70 a week and it will pay for itself in 1 year plus he won't put high miles on his brand new truck.

We go out to eat far less used to go at least once a week and take out once or twice. Now its more like out to eat every other week and take out only once.

I never would pay full price so sales it is and always will be.

I cut my haircuts back to every 7 weeks instead of 5 and held off an extra time for highlites.

I stopped buying alot of stuff for snacks that stuff cost a small fortune. I shop at cosco a few times a year where I buy all my cleaning products.

We eat mainly deer meat so I only buy pork and chicken. We are running very low though.

Oh yeah and my biggest savings comes from grocery shopping at Walmart there prices are so much better than Weis and I am lucky enough to be able to avoid nights and weekends.

One thing I won't skimp on is vacations though. We had a choice for an upcoming trip to Virginia to get a cheap hotel and I won't do it. Some things are not worth the savings. Not that we go all out but I like to stay somewhere in the mid range. We got a good deal and a $200 food voucher.

GREAT POST, I like to hear what other people do. I don't think of myself as a tightwad I am just thrifty.

Vicky said...

MJ, I agree that there are some things you just shouldn't skimp on, and for me vacations is one of them. Staying in a crappy hotel can really ruin an otherwise nice vacation. I'm a firm believer in cutting back in certain places but spending in others.

We don't eat out so much anymore either, although we still do go out about 2x a month.

Kristen, Monsoon is my favorite, FAVORITE store for clothes! Last year when we went on a cruise, I got my formal dress and Christopher's suit from there (on sale!). If you want to understand the prices, double the price you see and that's the cost in dollars. Not cheap! But great quality and just gorgeous. It would take a miracle for me to pay full price there though!

kristen said...

so what practical things WONT you skimp on? for me it is toilet paper, napkins, papertowels, and q-tips. i bought cheapo napkins & papertowels once, and you have to use 2-3 compared to 1 bounty, so am I really saving?

steve said...

We keep the house at 60deg all winter - always have, tho, not to save $.

I had a neighbor with electric heat who was always bitching about the electric bill. In the winter it would be 75deg in there and they'd be sitting around in shorts, while outside it was 30deg.

AFA 'tightwaddery', I don't get it. For a few years, we were lucky enough to have made some good investments and big money was flying in. We did stash away a nice chunk, but also had a several-year long travel and shopping orgy.
Then things tightened up a LOT for a few years, and we went back into "poor" mode: turned off the cable, the phone, increased deductibles, etc. No big deal, no depression or whining, just living on less.

Money's for spendin'. If we die with any, that means there's crap we didn't do that we could have.

Vicky said...

I won't buy cheap toilet paper, paper towels or napkins. I don't buy cheap mascara or foundation. I don't buy cheap food, believe it or not. I think it's important to have less of something that's high quality than lots of something that's crap. I learned that from the French. They eat so much better than we do, but they eat so much less, which would explain why they all look so fabulous.

Steve, I'm not in "poor mode". I don't feel poor, and I don't feel like "Oh, we have to live this way until the economy improves." Tightwad has such a negative connotation, but we live really well. We have long term financial goals that we want to meet, and I'm not prepared to sacrifice those for a new dress that's only going to last a couple of years. Does that make sense? So I'm prepared to cut back in other areas so that we can meet those goals.

mj jones said...
This comment has been removed by the author.
mj jones said...

mj jones said...
yeah Steve monies for spending but I see no reason to spend it all frivolously. I know far too many people who have major credit card debt. I am talking tens of thousands and now they don't know what to do. They can't pay there mortgage or regular bills. Anyway, we have a nice rainy day fund but don't hoard all are extra $ to savings. We too like Vicki live a comfy life we've probably been more places than my rich friends who waist all there money on booze and spoiling there kids way beyond nesecity.

steve said...

... the economy is seriously in the toilet. ...I seem to be taking things to the next level in preparation for the crash. ... Everyone is tightening the belt a bit, so here's what we're doing...

...

I don't feel like "Oh, we have to live this way until the economy improves."

Going back and re-reading your post, I'm sure I missed your point.

One way I can tell I did is that I suspect you're not doing anything you don't "want" to do.

Would you being growing your own veg if you didn't enjoy gardening?

Would you be cooking from scratch if you didn't enjoy cooking, have a child with allergies, or have concerns about the health effects of crap in prepared foods?

Even at the same cost, if instead of your dryer running on dino juice putting out CO2 it ran on hate and bigotry and put out sunshine and happiness, would you still be hanging stuff on the line?

How much are your choices governed by your attitudes about corporations, the environment, what's best for your family, and how much are for the "economy, stupid?" IOW, are you rationalizing? If so, your choices seem like good ones that stand on their own and don't need "economic" or "I'm cheap" justifications.

FWIW, my Dutch genes won't let me "waste" money, but my Y chromosome also won't let me go without toys.. uh, er, I mean "tools."

There's no way in Hades I'm going to spend my summer digging, weeding, etc. to save a few bucks on produce. BUT, there's also no way I'm going to spend money on something I could make in the shop, either.

Vicky said...

I'm not quite sure what you're getting at, maybe because it's 7 a.m. and I've only just taken my first sip of coffee.

No, I'm not doing anything I don't want to do, which I why I don't feel "poor". And alot of the things I'm doing, I do anyway, I'm just doing it with a bit more gusto. I think we're saying the same thing. I dunno, maybe we're not. Maybe I need more coffee.

steve said...

We are saying the same thing - and I think you didn't understand what I was getting at because I wasn't really getting at anything.

If you hated doing all the things you were doing, I'd think, "wow, she sure means business" (concerned about the economy).
As it is, I just think, "hmmm, she's 'Earthy'."

Go have some coffee anyway, but I don't think there's a substance on Earth that will make people understand me any better than they already don't. ;)

Vicky said...

"Earthy". You think I wear tie dye, dontcha? I don't, but I do own a pair of Birkenstocks.

steve said...

No, HIPPIES wear tie-die (well, and deadheads, too).

"Earthy" is a compliment, IMO. A lot of Earthy stuff appeals to me (gardening, canning, camping, making your own stuff, etc.) but I strongly suspect I'm more enamored of the idea of it than actually doing it. Some of that stuff is like work, and I've got enough of that already.

Vicky said...

We like camping. I'm learning how to can. John is making me some shelves for my pantry out of old scaffolding boards and, in our community garden, he's making a seating area out of some pallets. I'd like to learn how to sew.

Sometimes I feel like Laura Ingalls Wilder.