MoneyMix
blogs archives podcasts

Join CEFCU today!

Find out more about the products and services we provide our members/owners.

Privacy

About Us

Contact the editors

Copyright © 2007-2013 Credit Union National Association Inc.

Just $5 can help you earn great rates with the new My Save Certificate. Visit cefcu.com/mysave for details.

NCUA Equal Housing Opportunity
earning spending borrowing investing driving housing insuring
mymoneymix
Wednesday, June 16, 2010 |

Controlling My Spending

I’ve been trying to track my spending over the past two weeks. I want to see on what and how much I’m spending. Although the tracking part hasn’t been going too well, I have noticed I’m spending way too much money on food. Whether it’s going to the grocery store or going out to eat, food is taking up a huge portion of my budget.

The first issue is going to the grocery store. I feel like every couple of days, I need to go there. I might need a gallon of milk, or some yogurt. These small errands turn into my buying more than I intended. And then, even after I’ve spent about $20-25, I still go out to eat for lunch and sometimes dinner.

Which is my second issue—eating out too much. I have food in my apartment, or at least I should, considering how much I’m at the grocery store. But for some reason, I find myself going out to lunch or dinner, sometimes twice in one day. That’s $8-$20 a day I am wasting when I have perfectly good food options at home.

I think it comes down to control, which is something I have a hard time with. I don’t have control over my food spending, and sometimes my spending in general. I’ve been able to combat it in some areas, like books and purses. But that was from a self-imposed ban on buying those items. I can’t really do that with food. I need to eat. But, I could do it for the luxury food items—like going out to eat.

Until I can get control over my spending, I need to stop eating at restaurants or fast food places for lunch or dinner, unless it’s a special occasion. I need to make a conscious effort to plan out my lunches and dinners ahead of time so I’m not left scrambling and running to the easy option.

This isn’t going to be easy, but it’s necessary. Once I get this under control, then I can work on controlling how many times a week I visit the grocery store or even being sure to stick to a list.

How do you control your spending?

Add your comment
 

You must be logged in to post comments.

Blogs
spending posts

December 19, 2014
Tips for Lowering Winter Energy Bills

December 18, 2014
Got a Year-End Bonus or Raise? Update Your Budget

December 16, 2014
Has Online Shopping Killed Retail?

December 16, 2014
Enjoy the Holidays, Don’t Just Survive Them

December 11, 2014
How Much Does the Average American Spend on Christmas?

Kelsey
READ MY OTHER POSTS

Log in to My MoneyMix