Bargain Betty

Bargain Betty's money savvy tips

Christmas giving

November11

I’m working on a series of articles for MSN Money about Christmas gift giving.  I founda wonderulf gift-giving pact on MoneySavingExpert.com

This Christmas, I’m asking you to agree to a
No Unnecessary Present Pact

This year, let’s not send each other gifts that might end up unused, and agree to protect our pockets instead. Your friendship means a lot to me, and a card would be just as welcome as a costly pressie.

I’ve sent you this as part of the No Unnecessary Presents Pact (NUPP) campaign, designed to fight back against Christmas commercial pressures.

If you agree, let me know…

Find out more or send your own free NUPP email at www.moneysavingexpert.com/nupp
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Things I won’t save money on

November7

This first ran in my column on MSN:  http://money.msn.co.nz/money-expert/

 

Most of us could save a small fortune if we gave up some or all of the unnecessary fat in our spending. I often remonstrate with myself about some of my spending. So I’ve decided to blog about what I won’t give up just to save money.

Here are the four things I won’t give up until I’m destitute. WARNING: these examples are bad for your long term wealth and should not be followed:

My car
I’m horribly wedded to that expensive piece of metal. I use it for lots of short trips that could easily be done on a bicycle or foot. It’s on my To Do list to find out exactly how much each trip to the local café or supermarket costs me in dollars and cents. According to Fuel Saver the fuel consumption can vary by up to 55 percent for two people driving the same model of car exactly the same distance just due to their driving habits. I accept that I probably need to own a car. It’s just that I could spend significantly less if I cut out those time-saving short trips.

Café visits
Coffee is a drug. It leaves toxins in your body, makes you fat, it’s an unnecessary waste of money, and so on. The part of the addiction I’d like to can is the café visits, not the drug itself. I guess a shrink would tell me to accept this failing and realise that my daily sojourn in a café is one of my great pleasures in life.

After-school activities
My children do soccer, dance, art classes, cubs, guides and so on — which cost around $10 a session on average. I’m well aware that these activities won’t benefit the children’s future as much as many parents think they will. Even so, it’s giving them opportunities. I sometimes think parents who limit the children’s afterschool activities to one per week and give children time to hang around home, might be doing a better job at parenting than I am.

My pets
I know they’re a black hole when it comes to money. Pets, however, are part of my children’s family. Like all of these items above, I would give them up if I was forced to financially. I’ll budget for them, however, as long as I possibly can.

There are lots of other things other people won’t give up to save money. I searched online about the subject and found a number of bloggers and columnists proffering lists of things they wouldn’t give up to save money:

 

The trouble with a list like this is that all of these unnecessary things I won’t give up stand in the way of boosting my long term savings. Justify them as I do, the money could be spread more wisely if I didn’t do these things

It’s a fact of life. People who budget enjoy more luxuries than those who don’t. That’s because they’re not frittering money here there and everywhere on things that don’t bring them satisfaction. They set goals and focus emotion on looking forward to a strictly limited number of good things in life.

Your say: What is the last thing you would give up to save money?

Read more:

Christmas spending

November4

I have quite strong views about Christmas Spending, but I appreciate that there are other money personalities out there and I’m not necessarily right and other wrong.  I’m intriged as to what others feel on the subject of presents:

1. Why do you give? Do you give to get something in return, do you give becuase it boosts you psychologically, or some other reason.

2. Do you think families should set spending limits on Christmas spending?

3. Do you like receiving money or vouchers?

4. Would you prefer money or vouchers to a present?

5. Does an expensive present mean more to you than a cheap one? (Be honest here)

6. How do you feel when you get something you don’t want?

7.  Any other thoughts about Christmas spending?

Sony Bravia

September14

Bargain Betty has finally weakened and sold out to the God of wide-screen TVs. I’ve avoided this moment for a long time as I really don’t believe in replacing things that ‘ain’t broke’. My old TV certainly wasn’t broken.  What once looked like a large TV, however, had shrunk. Subtitles and weather information appeared off the screen.

To make the purcahse less painful I have been saving up points on my True Rewards credit card.  I get these points according to what I spend on the card.  Yet I never ever pay interest. So the points are money for nothing.

That, however, is no reason:

a: to treat the points as a bonus. They could have been used to buy a supermarket or petrol voucher, and therefore transferred into cash

b: to buy a more expensive TV than I would otherwise. For the record, I bought the cheapest Full HD 40+ inch TV I could find.

Bargain Betty’s children are very happy.

Birthday cake topper

September2

I really should do a posting about birthdays.  It’s my son’s birthday today and even though the party is at home it’s cost a small fortune.  I do have to say I was very impressed with EasyCakeToppers.co.uk, from which I bought a Manchester United cake topper.  This is the company’s website: http://www.easycaketoppers.co.uk/

I phoned the company at 9.30pm UK time. To my complete surprise a real person picked up the phone at that time of night and the order went out in the mail the very next morning. The parcel arrived six days after the order was placed and the total cost including postage etc was NZ$13.40. That’s a bargain.

It is even personalised with “Happy 9th Birthday Milo” on it.  When I did a quick Google search last week  I couldn’t find a New Zealand company offering these – although there probably is. Even if I did, I’m sure it wouldn’t have been that reasonably priced.

Ingenuity

July13

We need a second guinea pig cage to separate males and females. I’m incapable of coughing up for a new one, or for that matter a second-hand one on Trade Me.  I was perusing the net and am astounded at how much ingenuity there is out there.

This is a real Bargain Betty solution. A wire mesh storage cube hutch:

http://www.therabbithouse.com/indoor/rabbit-cages-cubes.asp

That won’t quite suit us as it will need to be outdoors. But it really got me thinking about Bargain Betty type solutions to our Guinea Pig problem.

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Private label versus Brands

March25

My friends at RaboBank have just released some research about (cheaper) private label products verus brands:

 

A new global research report ‘Private label vs. Brands – an inseparable combination’ from Rabobank’s Food and Agri Research division (FAR) shows that

 

  • The global market share of private/own label food products is set to double from the current 25 percent to 50 percent in 2025
  • A-brands will retain their importance for retailers to anchor categories’ price levels and give consumers choice and familiarity
  • Good news for consumers is that they will still have access to familiar brands and have greater access to lower priced private label products
  • Smaller secondary brands (B-brands) will have to strategically reposition to avoid being squeezed out of the market
  • Two strategies are open to B-brands suppliers: either invest in quality and target the premium market, or specialise in private label.
  • A consolidation spree among private label specialists is inevitable to achieve economies of scale and reduce the cost base

 

For more information visit:

http://hugin.info/133178/R/1499322/434858.pdf

Bargain basement Kiwi holidays

March23

I’m republishing this for Blog4NZ, which is a grassroots blogging and social media effort to support New Zealand travel in the wake of the Canterbury earthquake. It is a worldwide blogging event happening on March 21-23, 2011

For more information about Blog4NZ visit this link.

Holidays are expensive. It’s something I build into my budget. But I’ve just read that a third of UK parents can’t afford to take their children on holiday this summer. Many Kiwi parents will be planning their summer holidays at least six months in advance. So it’s time to start planning. There are ways to keep the cost down and here are some of my favourites:

Staycations These are about having a vacation at home. But don’t just sit at home — there’s no fun in that. Do touristy things in your own location. If I lived in Wairarapa, for instance, I might schedule in daytrips including a mooch down the main street of Greytown checking out the antique shops, take a trip on Featherston’s Fell locomotive engine and take the kids fishing at Ngawi.

Book a cheap bach or crib Last year we booked a basic bach at Mangawhai heads for $60 a night. A friend of mine got one for $30 a night on a remote Northland beach. The advantage of a bach over other cheap accommodation is that they’re usually fully furnished, have cooking facilities to save you from eating out, and often come with toys. Our Mangawhai bach had a PlayStation for the kids and kayaks.

Go remote If you book somewhere in the back of beyond, you’ll avoid spending anything other than accommodation costs and transport to get there and back. I’ve done this — checking into a farmstay hostel north of Kaeo. Another option, which I often do, is to go on a multiday tramp. That way you’re often only paying to stay at Department of Conservation huts, at $15 a night. When you’re tramping, you can’t even carry an excess of expensive food and alcohol.

WWOOFing That’s Working Weekends on Organic Farms. WWOOFing has been around for as long as I can remember. The idea is that you stay and sometimes eat free on an organic farm in return for a few hours labour each day. If you’re cooped up in an office all week, the occasional WWOOFing weekend can be fun. You get to meet interesting hosts who’ve often given up the city life for their dream.

Camping Away from home camping is one of the cheapest holidays you can have. Flash campsites such as the lovely Top 10 ones can cost more than $50 a night. DOC and local regional council campsites are much cheaper — although they usually don’t have many facilities, but they’re mighty cheap, lots of fun, and often in very beautiful locations. I’ve even camped in the garden of a friend’s bach for free — with the use of cooking facilities inside. Cabins and on site caravans If you don’t like camping you can still rent cheap accommodation on campsites — which are great places for kids. I’ve rented both cabins and caravans at campsites.

Cabins are usually cheaper than similar motel rooms — although they can be basic. The last time we visited the lovely Te Aroha Holiday Park we rented a retro 1950s caravan for just $30 a night for three people.

Home exchanges This is a great concept. You exchange houses with someone else in a location you want to visit. I’ve done one formal exchange, when I was in the UK, and that worked like clockwork. I’m also always trying to convince friends to swap houses with me. That way we can have a holiday without accommodation costs. There are a couple of home exchange websites in New Zealand: HomeSwap and HomeLink, although I haven’t personally used either. So try these out, or share your own stories of cheap holidays with other readers by having your say here.

Lent

March22

For the past 12 years I have given up caffeine and alcohol for Lent every year.  For the uninitiated, that’s the 40 days and 40 nights from Ash Wednesday (usually in February, but this year in March) to Easter.  It’s a type of fast.

I do it for healthy living reasons. But it also has a financial spin off.  I figure that I save at least the cost of five cups of coffee at a cafe a week – amounting to a minimum of $20 and also maybe one bottle of wine a week or perhaps a couple of glasses of wine in a restaurant. That adds up to about $15 to $20 a week.  That’s a nice saving over five weeks.

The maths isn’t quite that simple however. When we went out for dinner at the lovely Manuka Restaurant the other night I bought a $4 Feijoa juice.  But I’m sometimes naughty there and have two glasses of wine over an evening. That amounts to $14 to $18.  So I saved some money.

The other dilemma is how to do the maths at home. I’m not having coffees out, which means that I’m having more hot drinks at home. Some years I allow myself decaf (bought from Chiasso, so not cheap). This year I’m not having decaf, but I’m still having Rooibush tea and Inka, neither of which is cheap. Overall, however, they cost less than Chiasso decaf beans, so I’m saving money.

The best thing is that I feel so self-righteous for five an a half weeks.  It’s not suffering at all.

Eating like a freegan

March15

This is a post originally written for my MSN column:

I’ve twice been accused of being a “freegan” — because I visit friends and family to raid their fruit trees. True freegans, however, shun spending money on anything. They find ways and means to get whatever they need for free.

Freeganism can be taken to real extremes, such as living off the land — or local landfill. You’d have to be pretty dedicated to go that far. Yet all of us can eat a bit like a freegan if we put our minds to it. Here are some suggestions.
Pot roast that bunny: I read once — with mild horror — about Christchurch resident Eng Tang, who checks out small ads for unwanted animals such as pet chickens and rabbits, which he collects for the family dinner.

Get to know your neighbours’ gardens: If your neighbour is a keen vegetable gardener, let them know you’re happy to take any leftover produce. Crops such as silver beet, capsicum, tomatoes, and fruit trees including guavas, lemon and apples may produce more than the property owner can eat. If you’re smart about this and spread your net widely enough you might never need buy fruit again. To thank your donor, pickle or bottle some of the free food they gave you and give it back to them as a present. That’s a sure fire way to be given more raw product.

Take advantage of public fruit trees: Within a 200m radius of my home I’m aware of a large number of olive trees, one apple tree and one feijoa — all on public land. “There’s bush tucker everywhere,” my wide-eyed Australian friend noted, when she visited. Within a kilometre there is a huge overgrown fennel patch in a Department of Conservation reserve and several parks that produce mushrooms. Check with your local council or DOC conservancy office if they’re happy for you to pick the fruit.

Grow your own: Plant fruit trees and other perennial plants, such as silver beet and rhubarb. Even better, get cuttings from your friends or harvest and save the seeds from last year so you don’t need to pay for the plant in the first place.

Build a chicken coop and beehive: My neighbour has both a chicken coop and two beehives, producing more eggs and honey than he can use himself. It costs money to set these up, and effort to look after both. If you discount his labour, then the ongoing cost is nil — providing you put the time in to get the variety of food your chickens need. I know one family that gets waste from the vegie shop for their chickens — although the somewhat eccentric husband, has been known to eat the outer leaves of the lettuce and cabbages himself instead of feeding them to the animals.

Barter: Exchange food or other items with your friends. You could even offer your labour in exchange for garden produce.

Have no shame: You could always check out what local bakeries, restaurants etc do with their waste produce at the end of the day. In the US it’s not uncommon for local freegans (sometimes called dumpster divers) to check out the waste bins at supermarkets. For the record, I could never do this unless life as we know it changes unrecognisably, which is why I’ll never be a true freegan.

Food banks: If you’re really and truly cash strapped, you could contact local churches, many of which have food banks. But these services are meant for the truly destitute.

Learn about edible plants and weeds: You don’t have to look far to find edible plants and weeds. Even weeds such as lambsquarters, dandelion and chickweed can be eaten.

Finally, freegans don’t believe in wasting food even if it was acquired for free. Many believe it’s their social duty to use food that would otherwise be wasted. It’s up to us as individuals as well to eat up all the food we buy instead of letting it go into the landfill.

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