grocery game monthly challenge

Do you track money-back from points cards as part of your budget?: The Grocery Game Challenge #2 Dec 8-14,2014

IT’S YOUR MONEY TO SPEND!   Almost everyone I know has points cards of some description especially cards that offers points to be redeemed for groceries. I was reading a post by my friend Alicia at Financial Diffraction where she discussed “Tallying the other money” ie: rewards points redeemed, PC Points, Shoppers Optimum points, Swagbucks, Coupon apps and so on. What I found interesting is that she considers the money as “found money” or “other money” where I call it “extra income” which means I didn’t spend as much in our budget. My wife and I are both on the fence with this topic as we aren’t sure how we will tackle it moving forward with our budget. I have a section in our budget where we can add in money earned from points, rebates, cheques (ie: coupon app rewards) etc. so it’s put back into the monthly budget as income. I look at it as money I would have spent from the budget but since I was able to redeem points I didn’t have to so I put that money back into the budget as income but it comes back out when I input budget data. I find it […]

Parents tell son he will create credit card debt with rewards cards

CREDIT CARD BUDGET SAVINGS   I talk about credit card debt on CBB once in a while and I also talk about how credit cards can easily be your friend if you use them properly. Many people use credit cards today rather than carrying cash with them. It’s simple to tap, swipe or insert and enter a pin to pay for a purchase and in most cases it gets you through the checkout faster. We carry credit cards because of ease of use and of course there are perks to using Canadian Credit Cards if you use them wisely. Credit cards have helped many people get back on their feet because they knew money was on the way. One friend of ours was in between jobs and used the credit card to get grocery rewards which helped them to buy more groceries for the family every month. One of our current rewards cards the SDM Optimum has almost 500,000 rewards points which is equal to about $1000 worth of free product. We don’t own the Optimum credit card but if you did you could get even more Optimum points faster.   Credit card debt   How to pay off credit […]

grocery game monthly challenge

Can we stick to the Grocery Budget? February 2012- Week 1

February is here and it’s time to put together our weekly grocery challenge. What we hope to accomplish is to stick to our budget as best we can. This year we are challenging ourselves to shop only 3 weeks out of the month to save money. Granted there are weeks where we find exceptional deals and buy in bulk but hopefully blogging about it will help keep us under control. We don’t often purchase anything at regular price so you are safe to assume it was on sale or reduced in price. Grocery Budget=$192.78/3= $64.26 a week to spend on groceries! It’s possible we may go over budget with the Shoppers Drug Mart Bonus event and a couple of great shopping deals but let’s see how well we make out. Week of February 1st Grocery List: Shoppers Drugmart Spend $50.00 get 8000 Shoppers Optimum points January 30-February 3, 2012. Multibionita x4 1 FPC Tampax 1 FPC Alberto Neilson Cream x1 Cafe Inspirations x1 Total after coupons and tax= $16.70 plus we made 8510 Optimum Points worth just over $10.00 on regular redemption day. Total after coupons, taxes and points earned $6.70 Used $52.48 in coupons $64.26-$6.70= $57.56 left to spend […]

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