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What Do You Think?

December 15th, 2012 at 09:30 am

I have made a tentative budget of $200/mo for groceries. This not only includes food but also hygiene products, cleaning supplies and whatnot. I didn't think that I would be able to do this but I've reminded myself that I've done this before on less with coupons.

I've been thinking about something though. What if at the end of the month that I've spent less than $200 for all my groceries. Should I:

1. Roll over the difference for the next month
2. Use the difference to pay towards debt
3. One month rollover, then the next month put towards debt.
4. After 3 months rollover to savings.

I'm leaning towards number "3".

What do you suggest?

5 Responses to “What Do You Think?”

  1. MonkeyMama Says:

    I'd probably do #2. I think #3 is a little more dangerous because you will be more likely to pat yourself on the back and relax. I think #2 is far more productive. (Unless you find #2 approach to not be very motivating in the long run, but I would try it).

  2. North Georgia Gal Says:

    I would do #2 as well. I don't like to let money sit in my account because I tend to spend it.

  3. ThriftoRama Says:

    I think $200 is reasonable. I'd also pay the extra toward debt immediately, as when you wait, it's too easy for it to slip away!

  4. Sian Says:

    if i do #2 then i'll wait til the end of the month before i'd pay it towards debt. i wouldn't want to pay my debt then find out i need to get groceries lol. $200/mo is MORE than enough for me b/c i coupon like nobody's business lol combined with the ability to get some things for free. heeheehee =P

  5. Jerry Says:

    If you can reach that goal, then it makes sense to lead that money into debt payoff. I think that holding on to it will make it more of a temptation, and you will have the insurance that you have already pumped it into the debt. If it isn't there any more, you cannot spend it! Smile Good luck, whichever you decide.
    Jerry

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