This guest post from Jenny Sandman is part of the “reader stories” feature at Get Rich Slowly. Some stories contain general advice; others are examples of how a GRS reader achieved financial success — or failure. These stories feature folks from all levels of financial maturity and with all sorts of incomes. Jenny blogs about frugal gourmet cooking at Broke Foodie.
When my husband and I got engaged, we knew we were going to foot most of the bill for the wedding ourselves. Fortunately, we didn’t want a big, fancy affair, but we still needed to save a few thousand dollars quickly. Our massive joint debt-load complicated matters. So, I combined our finances and slashed spending to the bone. He wasn’t particularly appreciative, since he had no real concept of financial planning or budgeting, meaning most of the slashed spending was his, but we were able to save the entire amount in five months and pay for the wedding in cash. (A shade over $10,000 — and that included the rings, photography, and cross-country airfare.)
During that time, we had no life. We didn’t go out, didn’t buy anything, dropped our cable plan, and put everything on power strips that we then kept turned off whenever possible. (Cutting our electric bill from $70-something a month to $20-something a month.) It wasn’t as draconian as it sounds — we went to the beach a lot (free), walked to the library every week (free), and watched a lot of Netflix movies. It also meant we didn’t buy groceries.
Fortunately, I cook. More fortunately, I had a very well-stocked pantry prior to The Saving Time. So until we got married, we ate solely out of the pantry. By the time we left for the wedding, I was sick to death of soup, and our pantry was almost completely bare. I think there may have been a tube of anchovy paste and some pickles left. (Let’s not even talk about the depleted state of the liquor cabinet.) But we ate well for those five months, and we didn’t spend a dime on food or alcohol.
When we returned, I decided to follow that template again. We had some money left over after the wedding, which I used to completely restock the pantry and liquor cabinet, in preparation for another three-month run without shopping. If this appeals to you, here’s how to do it:
- Shop in bulk wherever possible. I buy whatever I can at Sam’s Club and only then go to the grocery store. [J.D.'s note: If, like me, you live an area without Sam's Club, shop at Costco.]
- Forget convenience foods, frozen dinners, and brand-name loyalty. The plan worked because I cooked from scratch, with an eye toward using up leftovers and some sense of variety, in that order. We ate a lot of soup, a lot of variations on beans and rice, and a lot of pasta. But we also ate fresh-baked whole-grain bread, roasted beet pizza, butternut squash stuffed with Italian sausage and wild rice, and black bean and spinach enchiladas with cilantro pesto. I cooked enough so that every dinner yielded four portions, dinner plus lunch for the both of us the next day. I don’t buy canned soups or vegetables (other than tomatoes), bread or pancake mixes, breakfast cereals, soda, or anything processed.
- Join a CSA. We get a big box of fresh fruits and vegetables every two weeks, year-round (living in California is great for that). It costs $177 for six boxes (12 weeks), prepaid. Meaning our three-month supply of fresh fruits and vegetables is done, right there, with a new influx of fruits and vegetables every other Sunday. I don’t buy anything else — not bananas or grapes or whatever. I eat only what comes in the box. (Although I do buy onions, garlic and potatoes in bulk, as I consider those more cooking essentials than “vegetables.”)
- Become one with your freezer. Because I only use milk for cooking (our breakfast is usually steel-cut oatmeal or homemade muffins, no breakfast cereal), I buy a half-gallon and freeze it in small amounts, taking only what I’ll need out of the freezer. Same for butter, cheese, and meat in bulk. I can buy a three-month supply of parmesan cheese, freeze what I don’t need immediately, and shred only small amounts at a time.
- I grow my own herbs.
- I make my own vegetable stock from vegetable scraps. Occasionally I’ll roast a whole chicken; the scraps from that become chicken stock. What I’m not using immediately goes right into the freezer.
- I use meat more as flavoring and less as the centerpiece of a meal. The traditional “meat plus sides” meal format is expensive and fattening. Usually I make one thing for dinner, and we both eat that one thing until we’re full. Risotto, spaghetti, salad, pizza, whatever. One thing.
Obviously, this isn’t an approach that works for everyone. But I cut our food expenditures from $500+ a month to an average of $164 a month. For two people. For every meal: breakfast, lunch and dinner, every day.
Like I said, it’s not for everyone. But we eat very well, and we have completely eliminated the need for a second car. If we don’t need to run errands all the time, we can use our one car exclusively for commuting and then relax on the weekends. No fear of impulse shopping, or walking into the grocery store to pick up one thing and coming out with twelve.
Because I either have to make do with what I have or do without, my recipes have become a lot more inventive and a lot more versatile. (Out of parsley? Can’t run down to the store to get more…what can I use instead?) I didn’t spend all my time in the kitchen, either. I spent an average of 30 minutes a night preparing dinner, and maybe an hour a day on the weekends to prepare breakfasts, bread, prep dried beans, cook in bulk, that sort of thing. Menu planning got much more precise, but I didn’t have to worry about tracking sales or clipping coupons, either.
Bonus points: We’ve both lost weight (especially him, since he quit drinking soda and going out to lunch with his coworkers every day), and we’re walking a lot more.
Best of all, our savings account is growing again by big leaps and bounds. Once we establish a good emergency fund, we’ll be able to tackle all that debt.
GRS is committed to helping our readers save and achieve your financial goals.Savings interest rates may be low, but that’s all the more reason to shop for the best rate.Find the highest savings interest rate from Ally Bank, Capital One 360, Everbank, and more.
SEARCH FOR RECENT ARTICLES