Something from Nothing (Almost)

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About a week ago I made Thai Beef Salad for dinner.  The first step was to marinate some thinly sliced beef which was done the day before.  I did not not have a recipe for the marinade but it did include lime juice, olive oil and fresh chillies.

On the night I quickly pan-fried the beef before adding it to the salad.  The meal was truly delicious.

However, the essence of this post is the residue that remained in the pan.  After dinner I added a cup of water to the pan and heated it gently to lift the remnants of beef marinade.  This resulted in a rich and tasty ‘stock’ which I allowed to cool and then froze.

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Today I thawed this to make gravy.  All that was required was a sprinkle of herb salt and 1 tablespoon of arrowroot blended with a little water and I had a delicious gravy.

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A simple yet tasty meal – sausages with mash, peas and carrots topped with gravy made from last week’s pan residue.

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A Frugal Mindset – 3

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Well, I actually had 2 rest days but here I am, back again with number 3.

3. Frugal people know small expenses add up to big ones. I think we’ve all thrown something extra into the shopping cart because it was only a buck, or grabbed up the clearance item because it was just such a great deal despite having no idea how we’d use it. While getting a great deal for items you need is worth it, frugal people also realize something else — those small expenses add up to real money, so they can distinguish between impulse purchases and those that are necessary. There’s a reason frugal people are known as penny pinchers, they grasp the concept of a little bit adds up to a lot.

Question to ask yourself: Do I want to buy this because it’s a great deal, or because it’s just a small amount of money, or because I really need it and have a plan for how I’ll use it? 

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I feel that I have a pretty good grasp on this one.  I can honestly say that I very rarely buy anything that is not on my list or a planned spend.

I do not chase sale items for groceries or other household goods.  I shop intentionally and generally pay full-price for items but I believe it is still wiser than buying random stuff simply because it is on sale.  This works for me. I never have food that I do not know what to do with it because I only buy what we eat and what I need for the meals I have planned.  There are no clothes in my cupboard that have never been worn or piles of unused household goods.

What about you?

Taking Responsibility

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I stumbled upon this article online today.  It is about a study showing the correlation between age, gender, race and political ideology to belief in the reality of climate change and the impact caused by humans.  The content did not surprise me greatly, however, I was bitterly disappointed by the following couple of paragraphs towards the end of the article.

“But accepting climate change did not necessarily make you greener, at least in your home life, the study also found.

While those who accept human’s role in climate changes were more likely to take more public action, such as signing petitions or joining demonstrations, that was not necessarily replicated in private action, such as cutting energy use at home and using public transport over the car.”

I find this very sad indeed and downright depressing.  It is yet another example of the overwhelming apathy which so many people display.  Everybody wants ‘something to be done’ but expect that it is the responsibility of someone else, usually the government, the mythical ‘they’ or in the case of climate change, the global community or, at the very least, another country.

Australia may be a small player in the global sandpit in terms of population but we create far more than our share of mess when it comes to environmental vandalism.  Yet, our governments consistently drag the chain when it comes to making real changes that will tackle climate change and benefit the planet.  Sadly, government policy by all parties seems to be limited to the interval between the present time and the next election.  This is not limited to addressing climate change but policy in general.

In the absence of clear government action, the driver of change must come from each and every one of us.  Remember the saying, “mighty oaks from little acorns grow”.  We can and should all play our part in changing everyday habits.  Addressing the problem of climate change is not just about legislation, coal mines and power stations.  It is about each one of us doing our bit.

Can’t afford solar panels?  Live too far from public transport?  Organic food is too expensive?  This does not mean that you cannot make a significant contribution by reducing your carbon footprint.  In fact, many of the actions you can take to save money will also save the planet.

Buy second-hand – clothes, furniture, tools, toys
Do not waste anything – use up leftover food, finish the last shampoo in the bottle
Consider re-usable alternatives – cloth serviettes instead of paper, lidded containers instead of plastic wrap, refillable drink bottles instead of bottled water

These are just a few examples.

What have you done to reduce your carbon footprint?

Struggling?

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I read a post on Facebook this evening about a news report of households with an annual income of $200,000 struggling to make ends meet.

Payday

The responses were many and varied as you can imagine.  My contribution was to point out that living pay cheque to pay cheque can be a reality no matter what your income may be.  If you expenses are greater than you income you will struggle.  It is that simple.

There is no easy formula to being comfortable.  It can depend on a range of things such as your location, circumstances, skills, education and ability to manage your finances.

Here is the article.  What do you think?

Another definition of rich.

Tracking 2015 – December

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Here is my final post about tracking our spending for 2015.

Budgeting

January – $5,144.53
February – $1,783.49
March – $4,350.56
April – $2,385.31
May – $5,961.54
June – $2,939.07
July – $3,537.09
August – $3,601.19
September – $9,406.95
October – $7,490.03
November – $15,707.97
December – $4,821.34

December was a more reasonable figure with no huge items like the previous few months.  There was a bit of additional spending with the silly season taking its toll.

On my spreadsheet I have the spending divided into various categories.

The category with the highest spend was the all-encompassing ‘House and Garden’.  This was mainly due to the installation of additional solar panels and a hybrid battery system.  Nevertheless, after putting that cost aside, it is evident that we do spend quite a bit in this category.  However, many of these expenses are one-off things which we will not have to purchase again for many years – if at all.

‘Holidays’ was also quite high as we paid for and took a holiday to Singapore, paid for flights, long-distance train fares and some accommodation for our USA/Canada trip in July 2016 and made several domestic trips for family reasons.

‘Transport’ was our next highest cost and this is our train fares for a fairly long commute.  There is not a lot we can do to change this until we retire.

We spent an average of $93/week on groceries which includes food, cleaning items and toiletries.  I am going to try to reduce this a bit this year.  Growing more of our own food should make a difference.

Entertainment and dining out also made up a substantial chunk of our spending with an average of just over $60/week.  This includes meals, films, theatre and shows.  I plan to reduce the spur of the moment eating out and hopefully reign in the spending in this category.

I have not detailed every category but the other 2 where we averaged greater than $50/week were clothing (combined for GMan and I) and petrol/maintenance for our 2 cars.  I expect that the clothing spend will be somewhat less this year but the car costs will be about the same.

Tracking our spending has been an eye-opening exercise which I will continue in 2016.  I will not be posting monthly tallies but I will do a review at the end of 2016 and compare it to 2015.

Tracking 2015 – November

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November blew the averages completely out of the water!

BudgetingJanuary – $5,144.53
February – $1,783.49
March – $4,350.56
April – $2,385.31
May – $5,961.54
June – $2,939.07
July – $3,537.09
August – $3,601.19
September – $9,406.95
October – $7,490.03
November – $15,707.97

This was a huge month in terms of spending but one that we knew was coming up.  I mentioned in September that we had paid $3,050 for a deposit on a hybrid battery system for our solar panels.  The system was installed a couple of weeks ago and we paid the balance of just over $12,000.  This outlay will reap benefits in increased refunds for the power which we feed back to the grid.  Our monitoring system is showing a significant change already.  Our meter was read a couple of days ago so the next 3 months will tell the story.

Food accounted for just over $600 this month as I stocked up on bulk dry goods which I tend to buy every few months.  We bought travel insurance for our 2016 trip as well as attending a family funeral interstate.

The year is coming to a close and at the end of next month I will collate the figures for all of the categories and then add in the fixed spending such as mortgage, insurances, rates and so on to discover how much we actually spent in a full year.

There have certainly been some revelations during this year of tracking our spending.  I will not be documenting our spending in detail on the blog during 2016 but I am inspired to continue the process for our own interest.  It will be good to compare year on year, too.

Do you track your spending?