Back when I started this blog in May of 2008 I wrote a post here about how I put money away for various things on a weekly basis. All these years later I am still doing it, albeit some things have changed slightly.
I still put $20 per week in each of my birthday and Christmas boxes. This is something I do religiously and now I always have money in those boxes ready to use. It also helps that quite often, especially for the adults, I give cash gifts for their birthday's and Christmas gifts. As cash is always welcome I find!!
I have a third box and I put $50 away each week in that. Now that box isn't earmarked for anything in particular, but we'll use that money if we go away as spending money. Or we emptied out the box just last week to put towards some new furniture we have bought.
Over the years I have seen many savings schemes come and go.........this one works the best for me though!!
I go to the bank once a week and take out a set amount of money, and after many years I have had to increase the amount I take out, as I can't seem to make it last through the week. There are a couple of reasons why. Groceries have gone up a lot and we are trying to eat a lot more healthier. However saying that we don't eat a lot of meat. I am now spending $100 a week on groceries, sometimes more and there is only two of us.
Since we got the Ford Escape I am using a little more gas/petrol than I did with the Fiesta. Also since moving to the city I am out and about a lot more; spending money. So I can see where the extra money is going.
We are fortunate we can afford these extra expenses. I often wonder how young families with daycare expenses, mortgages and more groceries to buy survive/manage?