Saturday, January 13, 2018

5 Easy Steps to Meal Planning Perfection


If your household budget is like mine, you know that food is a major expense.  Food is an expense you can easily cut through planning and thoughtful effort.  But how can you cut food expenses without going hungry?  The answer:  Meal Planning.
I am not very good at meal planning, but fortunately we have a guest post today from Holly who posts on the Official Coupon Code  blog that takes you through the steps to follow to save big-time on your grocery budget.
If you want to see your writing featured here on Penny Pincher Journal, here is how you can be featured on a guest post.
Thanks to Holly for providing this awesome guest post!
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5 Easy Steps to Meal Planning Perfection

Guest Post by Holly

Do you spend too much on food? Maybe you have a drive-thru habit because it’s just easier than figuring out what to cook? Perhaps you find yourself throwing away a lot of spoiled food that never got used? Or maybe you find yourself running to the store for one or two ingredients before you can start dinner?

5 Easy Steps to  Meal Planning Perfection
5 Easy Steps to  Meal Planning Perfection

Relax! Meal Planning is a great way to solve all of these problems, and it’s a lot simpler than you might think.

I’ve been planning my household’s meals for several years now, and have managed to cut our grocery/food budget in half. Plus, meal times are a lot less stressful. I can just look at my plan and I’m ready to cook!

Perhaps you don’t know how to get started or think it’s too difficult or time-consuming. Not so! If I can do it, so can you. Here’s how.

1. Take Stock
First things first: start by taking stock of the food you already have. A quick glance through the pantry, fridge, and freezer may reveal ingredients you forgot about. Get a good idea of about how long each item will last and plan to use them accordingly. You should also be aware of which pantry staples you normally keep on hand, and replenish them as they get low.

2. Find Some Recipes
This step can be as adventurous or as mundane as you choose to make it. Personally, I like to have at least 2-3 new recipes on my list each week. It keeps our family meals fresh and appealing. Others may like to stick with familiar favorites. Either way is fine! The important thing is to have a plan in place.

If you’re looking for new recipes, the internet offers a variety of options. I often use sites like SuperCook or MyFridgeFood to find recipes that use ingredients I already have on hand or ones that are on sale this week. You can also search sites like Pinterest or AllRecipes to find new and different ideas. Or subscribe to email newsletters from your favorite food blogs or magazines to get recipes delivered right to your inbox!

3. Make Your List
There are some great, free tools out there for turning recipes into shopping lists. My personal favorite is CopyMeThat because it does all the work for me. I also love that I can simply pull up the shopping list on my phone while I’m at the store. Of course, the old pen and paper method works too, if you prefer. The important thing is to choose what works for you – the easier the better!

Include breakfast, lunch, dinner, beverages, household items, and snacks too. You want to make just one trip to the store for the whole week. Once you have all of your ingredients listed, check off anything that you already have. It may help to sort items by category too, so you can easily find everything at the store. And don’t forget to check for coupons!

4. Prep, Prep, Prep!
So, you’ve planned your meals and bought all the food you’ll need for the week. Now you’re done, right? Well, you can be, but to really get the most out of meal planning, it’s best to do some prep.

If you’ve seen those containers of pre-chopped veggies or pre-mixed salads at the grocery store, you’ve likely been a bit shocked by the prices. They can get away with charging so much because having pre-prepped ingredients makes cooking a breeze. Take advantage of this idea on the cheap by prepping as much as you can for the week, all at once. I find that in an hour or so on a Sunday afternoon, I can get all the chopping and portioning out of the way for the whole week.

If I know some days are going to be particularly rushed, I’ll use freezer meals to get us through. These are recipes that you make in advance, then freeze. On the day you’re going to use them, just thaw and pop them in the oven. Dinner’s done!

5. Stick with the Plan (but Not too Closely)
The most important thing is to make your meal plan work for your family. Sometimes that means veering off course and changing things up for a day. Sometimes it means reworking a recipe to fit what’s going on in your life at the time. Last week, when my husband came down with the flu, I converted a chicken marinade into a tasty chicken soup by adding a carton of veggie broth and slow cooking it all day.

The idea is to have a plan for the whole week, and stick to it as much as possible, but remember to be flexible when needed. You’ll be amazed at the time, food, stress, and money you can save just by spending a little time planning ahead!


About the Author: Holly is a freelance writer and a regular contributor to the Official Coupon Code blog. There you can find her tips on saving money, couponing, personal finance, and frugal family fun.


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Sunday, January 7, 2018

The Great HDMI Cable Conspiracy (or Why Stores Rip You Off on Expensive Cables)

The other day, I got a text from home.  A picture of something was sent to my phone.  It looked like a snake or a string.  Maybe it was a dog's tail wagging with a lot of motion blur in the photo.  I couldn't really tell what it was.

This blurry photo was followed up by an urgent text message:  "Dad, could you bring home one of these?"

After a few follow-up questions by text, I learned that the photo was of a damaged HDMI cable that connects a laptop to a TV that is used as a monitor.  The laptop's built-in screen has stopped working, so we plug the laptop into a TV to use as a monitor.  Apparently the cable broke while moving the equipment around.

Since I was at work near several stores, I agreed to bring home the specified cable.  I was curious about how much this cable would cost, so I checked some prices online.  I found HDMI cables from amazon, Target, and Best Buy for under $5.  That seemed reasonable.  But when I tried to select same-day in-store pickup, no $5 cables were available.  All that seemed to be in stock were the $20 cables.

I went to the store to investigate.  My first stop was Best Buy.  It was the case there there were no cheap HDMI cables in the store.  A store employee helpfully suggested that unless I had a 4K video set-up (I do not), I don't really need an expensive $24 HDMI cable.  I could use one of the cheaper cables down below.  The only problem was that these "cheap" cables were priced at $20!

HDMI Cable for $24!  Where are the cheap cables?
HDMI Cable for $24!  Where are the cheap cables?

The "cheap" HDMI cables are $20!  Where are the $5 ones?
The "cheap" HDMI cables are $20!  Where are the $5 ones?


Next, I made a trip to Target to look for a $5 HDMI cable.  To my surprise, they also had only expensive HDMI cables in stock, with the cheapest priced at $15.  I also checked Sears and found the same thing- only expensive HDMI cables for sale.

Why don't stores keep cheap HDMI cables in stock?  I think my next move answers this question.  I bought a $15 HDMI cable.  Sure, I could have ordered a cheaper cable to be delivered to my house with 2-day shipping, or maybe even found a store where I could get a $5 HDMI cable the next day for in-store pickup.  I could have continued to drive around and check other stores for cheap cables.  But I was there in the store and my son needed a cable in order to use the computer.  I decided I did not want to wait or mess around any more looking for a cable.

It makes economic sense for stores to only offer expensive HDMI cables.  They make more profit by selling expensive cables than cheap ones.  The profit margin is probably based on a percentage of the selling price, let's say there is a 25% mark-up over cost.  So selling a $5 cable would result in $1.25 of profit while selling a $20 cable would result in $5 of profit.  When you sell hundreds of thousands of cables, this adds up to a lot of extra profit for the store.

Selling people more expensive cables than they want or need is wasteful on several levels.  First, the more expensive cables really are better.  This means they consume more materials or higher grade materials to manufacture.  If you don't need an expensive cable, this is a waste of natural resources.  And of course it wastes money.  If all you need or want is a $5 cable and you end up spending $15, you just wasted $10 that you could have used for something else that you do need.

A lesson here is to know what kind of cables you need so you can avoid paying a lot extra for more expensive ones.  You might need to order cables online since stores tend to carry only the most expensive variety.

Another lesson is that a massive conspiracy among giant retailers to maximize profit can prevail over one man who desperately wants an HDMI cable...


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Tuesday, January 2, 2018

How To Take A Cheap Winter Road Trip

Our family recently got back from a winter road trip from Iowa to Florida, about 2,700 miles round trip.  It turned out to be a great time to head south since the high temperature in Iowa was below 0 degrees, and the high temperature in Cocoa Beach, Florida was 80 degrees.  We were able to swim and hang out on the beach all day.

Take a Cheap Winter Road Trip!
  Take a Cheap Winter Road Trip!


We decided to skip Christmas presents this year to help fund the big road trip to take the kids to see the ocean for the first time.  Based on this recent experience, here are some tips on how to take a cheap road trip:

  • Avoid tourist traps
  • Get food at grocery stores, not restaurants
  • Hotel hopping for the best deals
  • Drive, don't fly


Avoid tourist traps!

We thought about stopping in Orlando to visit attractions such as Universal Studios and Disney World, but decided the beach is where we really wanted to be instead.  It cost us $20 to rent beach chairs and an umbrella all day at the beach.  We brought a cooler with bottled water and snacks.  I also paid $10 to rent a boogie board for the day as well.

Had we gone to Orlando, I bet we would have spent hundreds of dollars on tickets for attractions and expensive fast food.

Beaches are a cheap activity, and also exploring national parks and other wild areas make for an enjoyable and inexpensive vacation activity.  If we had more time, we would have visited the Kennedy Space Center which would have been inexpensive and memorable as well.

Get Food at Grocery Stores, Not Restaurants

On the trip down to Florida, we stopped at a Target to pick up healthy snacks and grocery items.  In Florida, we stopped by a local grocery store to pick up snacks and food to prepare for meals.

One problem we encountered was that we bought some hamburger and pork patties with the intention of cooking them with the oven at our hotel suite.  Unfortunately, it turned out that our suite didn't have an oven, only a microwave.  Plan B was grilling them at a charcoal grill that was available next to the pool at the hotel.  When I went to grill the burgers, I realized that we would want some aluminum foil to put on the grill, plus some charcoal and lighter fluid.  This cost of this meal was starting to add up.

One of my kids found instructions for cooking hamburgers in the microwave using only paper plates.  At first I was skeptical that this would work, but decided to give it a try instead of buying grilling supplies to cook the burgers.  I checked the microwave burgers and found that they were hot and cooked all the way through.  They were actually pretty good, and a lot easier to make than grilling on the road.

By getting food at grocery stores instead of eating at restaurants, fast food places, and gas station convenience stores we probably saved hundreds of dollars.

Hotel Hopping for the Best Deals

We didn't have much of a plan when we left on our road trip, and that's how I wanted it.  The problem with making reservations ahead of time is that you are then tied to a plan which can add stress and forces you to keep track of time and try to meet a schedule.  Plus some reservations are not refundable, so you could end up paying for a hotel stay even if you don't stay there.

For the most part, Mrs. Penny Pincher checked for deals on Kayak with her smart phone at about 5 pm each day to figure out a good hotel deal.  By late in the day we had a good idea of where we would want to stay for the night.  We found a hotel on the beach that we liked at Cocoa Beach and ended up staying a second night.

Look for a hotel that provides a free hot breakfast, this provides a good value when you are on the road, especially in expensive locations.

Drive, Don't Fly

Flying a family of 4 to Florida would have been an expensive operation.  Instead, we drove my 13 year old Toyota Highlander with 155,000 miles.  The cost of putting a few more miles on a car this old is almost nothing.

On the highway, we got about 25 miles per gallon.  For the round trip of 2,700 miles we use about 108 gallons of gas.  At about $2.30 per gallon, this works out to $250.  Sometimes you can find good airfare deals, but there's no way you could get 4 round trip tickets to Florida from Iowa for anywhere near $250.  Even considering that we had to stay overnight on the way down and on the way back, driving was a lot less expensive than flying.  Plus since we drove instead of flying, we had a car available once we reached our destination, avoiding the expense of renting a car.



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Saturday, December 30, 2017

My Plan to Get an Ugly Chair for 80% Off


Today I spotted an awesome chair and ottoman (matching footstool) for sale at the local consignment store.  It was in new condition and was very comfortable.  But the exotic animal print on the fabric would not match the decor of most rooms.  This is good news, because at the consignment store, prices are reduced by 50% after 60 days and reduced down to 80% off after 90 days.


Price Markdown Schedule at the Consignment Store
  Price Markdown Schedule at the Consignment Store

Due to the unusual fabric pattern, I think there is a good chance this chair could still be for sale after 90 days, and I could get this awesome chair and ottoman set for 80% off.  The full price today was $150.  Too much.

At 50% off after 60 days, the price will be $75.  Still too much.

At 80% off after 90 days, the price will be $30.  This works for me.  In fact, this is a bit less than price I paid for the other chairs in my living room.  I am planning to put the chair in a room with cedar paneling and nothing else that it needs to match, so it would be just right for me.

My plan is to stop by the consignment store first thing when it opens on the day that the chair will be marked down to 80% off.

For this plan to work, I'll need to figure out the exact date when it will be marked down to 80% off.  The example on the markdown sign for today on Dec. 30:  items placed on the floor on Sept. 30 are 80% off, and items placed on the floor October 30 are 50% off.

After checking out some duration between dates with an online tool to calculate the duration between two dates, it appears that items are marked down to 50% on day 61, and the markdown to 80% off happens on day 91.

So when will my chair be marked down to 50% off and 80% off?  It was placed for sale on November 19, 2017.  Day 61 (50% off) will start on January 19, 2018 , and Day 91 (80% off) will start on February 18, 2018.

I don't really care about the 50% off date since the price will be too high, except for the fact that someone else may decide to buy the chair when it gets marked down to half price.  That is a risk I'll have to take.

February 18 falls on a Sunday this year.  I see that the consignment store opens at 11am on Sundays.  So, I'll plan to pop in first thing when the store opens on this date and see if the chair is still there or not.  If it is there marked down to 80% off, I'll be loading it up at about 11:05am!

Wish me luck...



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Friday, December 22, 2017

Skipping Christmas- Am I A Grinch?


I hope no one calls me a Grinch, but I decided to skip Christmas this year.  Running around buying expensive presents, and dealing with returning duplicate and defective items after Christmas seems like such a waste of time and money.

Am I a Grinch For Skipping Christmas Presents?
  Am I a Grinch For Skipping Christmas Presents?  

Skipping Christmas would not work for everyone.  I can get away with this because my kids are older, with one in college and the other in high school.  If you have younger kids, you probably WILL be called a Grinch if you try to skip Christmas.  If you have kids under about 6 years old, you will have some serious explaining to do if you decide to skip Christmas...

By "skipping Christmas", I mean skipping the buying presents part.  We still put up the Christmas tree and we put up more outdoor lights than ever.  But we'll also skip the buying candy to put in stockings part.  Stocking stuffers are expensive, and everyone in my household has pretty much moved on from eating candy.

This year we plan to use the money we save from skipping the presents for a road trip instead.  I like the idea of getting an experience as a family instead of buying more stuff that we don't need.  With our youngest graduating from high school soon, this may be our last road trip as a family unit.

Not only did we save money on the cost of presents, but we didn't pay for gas to drive around buying presents, we didn't spend money on shipping for presents, and we won't end up making additional purchases sparked by presents.  For example, if you buy your kids a new video game console, you are setting yourself up to buy hundreds of dollars of games in the future.

Plus, by skipping the presents, we conserved natural resources that would have been consumed for manufacturing the presents, packaging them, and wrapping them to put under the tree.

How would you feel about skipping Christmas presents to save money, conserve resources, and reduce stress and hassle?


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Wednesday, December 20, 2017

A Free Lunch (Almost)


I took my lunch to work like I do almost every day.  As usual, I carried it in my giant insulated lunchbox.


My giant insulated lunchbox!
  This lunchbox is HUGE- check out how big it is compared to the pen next to it!  

Today's almost free lunch menu:
1) About 1 cup of raw "baby" carrots, 30 days past the "use by" date on the bag.  I count these as free since they were basically rescued from the garbage.

2) A small container of guacamole with garden vegetables that no one at my house liked- including me!  My wife said to just throw it away, but I decided I would be hungry enough at work that it would taste good.  This trick worked.  Things do taste better when you are hungry.

3) A few corn chips for the guacamole.  I took a bag from home that was already open and brought it back.  The entire bag cost about $2.50 and I would say I took about 50 cents worth of the chips.

4) Office baked macaroni and cheese.  We had some leftover plain pasta noodles from dinner last night.  I added a pat of butter in the glass Tupperware container when I packed the noodles in my lunchbox.  I also brought a small hunk of cheddar cheese.  I used the real knife I keep at work (don't worry, it is only a bread knife and is OK to have) to slice up the cheddar on top of the noodles and butter before microwaving.  This turned out pretty well.  I am sure no one would have eaten the noodles.  The butter was probably 10 cents worth, and the cheese maybe another 50 cents.

So, the damage for my lunch today:
  • Expired carrots, let's call them free.
  • Unwanted guacamole, let's call it free.
  • Corn chips from an already opened bag, let's call it 50 cents.
  • A pat of butter and a small block of cheddar, let's call it 60 cents.

Total: $1.10

OK, so it wasn't a free lunch, but as they say... there's no such thing as a free lunch!

I have saved tons of money over the years scavenging stuff from home to take for lunch and snacks in my giant lunchbox.  I try to grab stuff that would otherwise get thrown away and have it for lunch, as long as it is not spoiled.

If you haven't developed the habit of packing and taking your lunch, you are missing out on an easy way to eat healthier and save some real money.



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Monday, December 18, 2017

What Am I Selling Here?


The other day, I read a book about content marketing.  The point of content marketing is to produce articles or whitepapers that lead readers to buy something that you are selling.  For example, a blog may provide some free tips on how to be a blogger in order to promote the purchase of an ebook or training program about making a lot of money at blogging.

What Am I Selling Here?
What Am I Selling Here?

The author of the book on content marketing stated several times that if you are blogging and don't know what you are selling on your blog, then you're wasting your time.

This made me think: what is it I am selling on this blog?  Of course, I am promoting my e-book with 101 tips to save money.  I have sold 10's of thousands of copies.  The problem (for me) is that it is selling for the price of free!  Does it count if what you are selling is free?

Another thing I am selling on my blog is advertising.  Last night I loaded the Penny Pincher Journal homepage on my cell phone and I noticed there were 2 banner ads: one for Honda featuring their new minivan and one for CBS featuring new episodes of Big Bang Theory.  It's cool that international businesses like Honda and CBS are choosing to advertise on my blog.  The good news (for you) is that this advertising doesn't cost readers anything.

Now that I think about it, something I am selling on this blog is: myself.  By having a collection of published articles, I was able to land a nice freelance writing gig at Wise Bread.  This has brought in some money and has lead to syndicated articles at time.com, Business Insider, Yahoo Finance, and a number of other high profile places.  I have also gotten to write some guest posts at other blogs due to my presence on this blog.

I did try making a few products that cost money:

Two things I learned from marketing both free products and products that cost money:
  1. You have to sell free products.  Just because it's free doesn't mean people will want it.  You have to convince them that it is worth their time and hassle even if it is free.
  2. Free products are a lot easier to sell than products that cost money.  Even if you are charging just a little bit of money, it is a quantum leap for most people to decide to spend money on buying something vs. a free download or viewing a free webpage.
But back to the original question: what am I really selling?  Sure, I would like it if people bought lots of copies of my ebook and audiobooks, but I'm not really pushing them.  I think what I am really selling here is free resources to help people save money.  I'll put up a few ads, and if there are enough people looking at my free resources, I'll make some money from the advertising.

I like this plan because it doesn't take money from those people who are here trying to find ways to save money!  The money comes from advertisers who make money from the sales leads that the ads produce.  Everyone wins.  The trick is to bring in enough readers to make the advertising pay.

And I'll keep writing articles as a freelancer to sell to publishers.  This gets my name out there, spreads my message, and brings in some money.  This allows people who can benefit from information on saving money to get it for free.  The publishers pay me for my articles and get paid from advertising revenue on their site.  Advertisers make money from sales leads.  Again, everyone wins.

So here's what I'm selling on this blog: I am giving away tips and resources on saving money for free in order to generate some revenue from advertising and to promote my ability to sell articles to other publishers.

For me, producing and trying to sell my ebook and audiobooks that cost money has been more of a waste of time than simply giving my stuff away for free.  I plan to focus on promoting my free stuff, producing more really great free stuff, and not worry about selling anything.


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