Eating on $10 a Week

The following is a guest post from Cindy Brick. Her blog is located at CindyBrick.blogspot.com.

Ever need your money to stretch twice as far on short notice? There are few things you can suddenly cut down to near-nothing – except food. With care, you can live on $10 for a week….or $40 a month, using different sources of protein. You’ll do even better planning for two weeks than one, because your money will go further when you can buy in larger quantities.

Here goes, for two sample weeks. Prices are based on the Denver, CO area.

GROCERIES:

2 pounds carrots 1.00

2 bunches green onions 1.00

2 gallons milk 3.20

2 dozen eggs 2.50

2 loaves bread 3.00

1 jar peanut butter 1.50

1 whole chicken (4 lb) 3.20

1 pound hamburger 1.60

1 pound tofu 1.50

1 pound rice .70

1 pound margarine .60

—————

19.80

I’m assuming you have salt and pepper and at least a few spices. (Garlic, oregano, marjoram, hot sauce, curry powder.) If not, salt and pepper will work just fine. A little sugar helps out, as do ketchup or barbecue sauce, as well as soy sauce and bouillon cubes.

Prep work: Cook the chicken for broth, after cutting off the legs and breast portions; use a BIG pot of water. (Add bouillon cubes, if you’ve got them.) Chop the carrots and green onions; add a triple handful while simmering the broth. (Pick the meat off the chicken bones, and put back into the soup. Split the hamburger into four portions, and the tofu into three.

Breakfasts – toast, eggs, French toast (toast dipped in egg and fried, then sprinkled with sugar), leftovers.

Lunches – any of the supper choices, plus fried egg and peanut butter sandwiches

Suppers – Chicken soup (at least 10 portions)
Chicken breast (2 portions)
Chicken legs (2 portions)
Hamburger (4 portions – cook one with rice for ‘porcupine rice,’ one formed in small meatballs and baked or simmered in chicken soup, one mixed with a torn slice of bread and baked for meatloaf, and one baked or grilled, then served as a sandwich with bread.

Tofu (3 portions) – fry two with veggies and serve with rice, grill or bake one (marinate first in soy sauce, if you’ve got it), add some to chicken broth.

Use the veggies either as a side dish or cooked along with your protein. Any leftover eggs are good simmered in the chicken broth (egg drop soup), or stirred into the rice (fried rice). Use the milk for drinking, or add to the soup for extra protein. (If you’re not big on milk, buy just one gallon, plus a box of tea bags.)

For the next two weeks, try substituting or adding 10 pounds of potatoes ($3.00), beans (.70 a pound – substitute for meat), a jar of spaghetti sauce ($1.60), lettuce or greens ($1), or macaroni (.80 a pound). My daughters swear by ramen noodles (.35), tuna (.80) and noodles (.80 a pound). The key is limiting your portions, adding some ingredients for flavor (like onions, celery and so on), and using every single scrap of food. (I even rinse out jars to get every drop, then add the liquid to broths and sauces.)

A few extra bucks can get you a pack of small candy bars ($1), fresh fruit (keep it to $1.50 a pound or less), and luxuries like coffee!

Most of us have more than ten bucks a week to spend on food. It’s helpful, though, to know you can do it if you have to. For more, try these interesting, if sometimes unimaginative blogs:

http://budgeteating.blogspot.com
http://www.hungryforamonth.blogspot.com

July 2009 Goal Review

It is the end of the month and time once again for my monthly goal review.

My first goal is to increase my passive income. I made slight progress on this. I purchased another dividend paying stock. I’d still like to buy a rental property if I can find a good deal. Since I’ll be hiking most of August I’m unlikely to do anything towards this goal for the month.

My second goal is to lose 30 pounds. I went backwards on this one. My weight has now gone up to 225 pounds which is the most I have ever weighed. I’m hoping to lose a lot of this weight on the hike but having all this extra weight will make hiking a lot harder. At the end of August I should have some good progress on this goal.

My last goal was to increase my RSS subscriber count to 500. I made progress on that goal this month. I hit a high of 430 subscribers during the month and I am now consistently over 400. This is without doing anything special to promote this site. Hitting 500 subscribers still seems like a reasonable goal and I will do some promotion later this year to help reach that number.

I met two out of my three goals this month. For August the only goal I really want to make progress on is losing weight. If I manage to lose a significant amount of weight and just maintain on my other goals I will consider that a successful month.

June PPC Campaign Results

I ran a PPC campaign for my site BankBonuses.com during June to make a little extra money. I’ve run PPC campaigns in the past with mixed results. I usually make either a very small profit or a very small loss. I’ve been making adjustments to hopefully make my PPC campaign consistently profitable.

My initial results for June were disappointing when I examined them at the beginning of July. My revenue from Adsense and Chitika were a couple dollars less than what I spent on Adwords and I had no affiliate sales. My goal is to have my ad revenue equal my PPC expenditure and any affiliate sales will be profit. As it turns out I did have an affiliate sale in June but it didn’t post until a few days into July. I also found out that I had a couple of $25 Wachovia Visa gift cards in the mail for referring new customers. I don’t have any way of tracking where the referrals came from so I am going to guess that one was generated at Bank Bonuses and the other one was generated by my eHow article on the Wachovia $25 referral bonus. These unexpected earning combined to create a nice profit for June.

I’m running the PPC campaign again this month. I’ve already made an affiliate sale although it is for a smaller amount due to a promotion they have running this month. My ad revenue is running slightly higher than my PPC expense and I’ve made a couple more Wachovia referrals in addition to a couple of ING Electric Orange referrals. Even if I don’t make any more sales I will once again have a nice profit this month.

Even though I’m making a profit the past couple of months it still isn’t a lot of money. There are lots of things I could do to improve my site and my PPC campaign. I’ve been reading ShoeMoney’s PPC course and once I’m finished I will be implementing some ideas from the course. If I can be consistently successful with this PPC campaign I will start some more campaigns. I’ll keep you updated on my results.

Save Money with Back to School Sales

One common frugal tip is that you should stock up on an item when it is on sale. Stores are starting to have their back to school sales. This is an excellent time to stock up on school or home office supplies. The large department stores and office supply stores have a variety of merchandise for extremely low prices.

For example, Staples currently has many items free after rebate, Wal-Mart is selling 70 sheet notebooks for .15 cents, and K-Mart is selling Elmer’s glue for .20 cents. That is just a few of the deals available and there will be new ones every week for the next few weeks.

About a decade ago I took advantage of a cheap notebook offer and I haven’t paid for paper yet. During my four years in law school I never purchased any school supplies. I either already had the items needed or was able to get them for free. With a little planning you can stock up on supplies as well and not have to buy them again for years.

Frugality 101: Housing

Housing is the area where most people can see their most significant savings. Most people live in too big of a house and spend more than necessary on housing. The average U.S. home size has gone from 1400 sq. ft. in 1970 to 2330 sq. ft. in 2004. Granted the average American has gotten larger during that time period too but it isn’t like they are taking up that much more space.

My housing cost has been around $400 the past few years. With a little effort I could reduce that and I probably will before the year is up. I think $400 a month is a reasonable target for your housing expense. It is much easier to do here in the Midwest than in other areas but it is possible in more areas than you would think. My best friend lived in the S.F. Bay area last year and paid $400 a month for a room in a house right by the ocean. Even in some high cost areas you can find reasonably priced housing if you are willing to be a little unconventional.

If you find the $400 amount too constricting you could consider keeping your housing expense at 20% of your income. That would still keep your housing cost below average and should allow you to save a significant percentage of your income.

If you still think it is impossible to do this in your area then you might consider moving to a different location. I’m going to do a separate post on location in regards to frugality.

If you need some ideas on how to lower your housing cost check out “Twelve ways to become rent or mortgage free” at Wise Bread or check out Jacob’s post on living in a RV at Early Retirement Extreme.