Monday, February 28, 2011

Savvy saving tips from my Gramma

I read this article today from Chatelaine's Caroline Cakebread, the magazine's talented finance blogger, full of 'old-fashioned' advice with Nine Money Tips from Grandma.

My grandmother passed away last August, and while I miss her, I realized that she left me with some great frugal-living tips that shouldn’t be missed. Having been inspired by Cakebread's post, these are the some of the day-to-day saving lessons that my Gramma passed along to me:

Everything can be used again.
I keep all the milk bags that the 4L bags come in and I realized that this is a habit I picked up from my Gramma. Grocery stores now charge $0.15 for a plastic bag and while I proudly tote my eco-bags to the supermarket, I use these milk bags for my wet towels after swim practice or muddy shoes after an outdoor run in order to keep my gym bag clean. The best part? I store these milk bags in empty tissue boxes under the kitchen sink… just like my Gramma did. Frugal and fabulously tidy!

When you do make a purchase, look for quality over quantity.
My Mum is now wearing a beautiful gold watch that her mother received from her mother back in the 1950s. This antique is worth about a $1,000 and it must have cost my great-grandmother a pretty penny all those years ago. We can only imagine that Granny Annie must have saved for years to buy this piece of jewelry. But she obviously picked it for both its beauty and craftsmanship as over 60 years later, it’s still ticking (and stylish!).

Dresses are meant to be borrowed.
My sister and I would absolutely flip-out if either of us took another’s treasured garment without asking first. I’m scared to count the dresses that I have in my closet, but I know that my Gramma only ever had 2 as a young woman so she would borrow her sister’s dress to rotate into her wardrobe… and then she’d run to the bus stop before she’d get caught red-handed. If you only had 2 dresses in your closet, of course you’d treasure them both! Stories like these remind me that less really is more. Who cares if I wore that dress to work last Thursday? If it’s my favourite then I’m wearing it again! And if it's a special occassion? I'm stopping by my sister's closet before shopping at the boutiques.

Beauty is a DIY time.
Last spring I gave up my weekly manicure after my credit card bill peaked. I’m now a DIY mani-pedi girl and whenever I even think about complaining about what a sacrifice I am making, I remember that my Gramma used a beef broth gravy to paint her legs when pantyhose become scarce during World War II. She showed me that you don’t have to sacrifice fashion just because times are tough and money is tight, but you do have to be resourceful.
While I am blessed to wear pantyhose to work everyday without the fear of gravy streaks showing, I do save the old ones when they get tiny rips or pulls. The fabric can be stretched over plant pots outside in the spring too keep the aphids off your budding roses and of course, my Gramma taught me that trick too.

Your Golden Girl,

*Rosie*

Sunday, February 27, 2011

Gift giving on a budget: For a hostess, a soldier and a mommy

My Eye Candy is finally home from his business trip and we spent this afternoon running errands. While most of it was quite dull (pet store, Loblaws, cobblers), I did have a few fun little gifts to pick up. I love giving gifts. I like the thrill of the hunt to find the perfect token for someone who is special to me and I genuinely don't expect anything in return. I have fun spoiling my favourite family and friends.

I've read in some budget-minded books that generousity can lead to over-spending, but I believe that you can be thoughtful without breaking the bank. It just requires some creativity and bargain hunting! Each month, I put away $50 towards my Gift Fund. This is what I tap into for larger expenses (e.g. birthdays & Christmas) and it gives me the flexibility to pick-up the perfect present for someone even if their special day is months away.
Here's what I bought today using a mix of Fun Money & Gift Fund:

For the hostess with the mostess: I am attending a girls-night-in Oscar Party tonight, so I was looking for an unexpected but practical gift when I stumbled upon a beautiful diamond wine stopper from Kitchen Stuff Plus for $8. What girl can resist bling? A bottle of wine would just last one night, but a diamond wine stopper is forever.

For my homesick cousin who is serving in Afghanistan: He is sending us amazingly detailed letters weekly about his time on the base and in return, family & friends are sending him snail mail full of all sorts of goodies. But I'm becoming increasingly concerned about the quantity of homemade cookies and cakes he's receiving. Since I know staying in shape is a priority to him, I picked him up some Oh Yeah protein power bars ($40 GNC)... and a Biggest Loser 'Boot Camp' work-out DVD as a joke ($5 on clearance at Chapters Indigo). I plan to wrap it in Star Wars paper that I found at Dollarama... because you know, may the force be with him. (That is a quote from Star Wars right!?!)

For the new second-time Mommy: a colleague who is more than just a co-worker to me gave birth to a beautiful boy last Wednesday. While I already went in on the office pool towards a Baby's R Us gift-certificate, I put together a TLC bag of surprises that are just for her: Kings & Queens bubble bath & body milk (Queen Isabella's cinnamon orange is divine) with a loofah and a 'leave me alone' face mask. I used my Shoppers Drug Mart Optimum Points towards this purchase so it only cost me $2.89! Hey... it's the thought that counts! And I really do hope she is able to enjoy some mommy-needs-to-relax-time soon.
Now if you'll excuse me, I have the Oscars to get ready for!
* Rosie*

Saturday, February 26, 2011

Weekly spending recap: February 22nd - 26th

Ladies & Gents, I present my first weekly spending recap. As part of my 4 week rolling budget, I have allocated $120 / week to groceries & households plus $80 of fun & frivilous spending cash. I'm trying to live frugally these days and save my Fun Money for my upcoming trip to Las Vegas.

Sunday, February 20th:
- $37 on groceries
- $20 to my Eye Candy towards the purchase of a bottle of wine & Scotch.

We had had my cousins over for dinner the night before and he picked up the booze. My contribution is somewhat minimal as
Kumala, favourite cabernet sauvignon, is only $11 at the SAQ and ahem, only one person in our relationship drinks the Scotch. Sidenote: I am bitter about this purchase as I was a complete klutz when I took the groceries out of the car and my wine fell out of the bag and onto the concrete garage floor. It never stood a chance.
- did a strength training class + run at the YMCA which is part of my regular monthly expenses

Monday, February 21st
- $2.50 for a swim at the
LaSalle Aquadome.
For this relatively cheap indulgence, I got a solid 1 hour work-out at 7:00 am and the opportunity to practice underwater martial arts as I fought against a 60 year-old lane hog who despite his size, had one fierce flip turn.

Tuesday, February 22nd
- no spend day!

- did my spinning class at UNI which I pre-paid for in December

Wednesday, February 23rd
- no spend day!

I was on a business trip to Toronto, so all my expenses were covered. My flight was late so Miss Fergie had to spend the night at the vet and I'm going to talk to my boss as I think this deserves to be covered too.

Thursday, February 24th
- no spend day!

Friday, February 25th
- $8.50 at SuperVideo.

I was home with a nasty cold and needed some entertainment. I spent the day sick as a dog, snuggling Fergie on the couch, and watching Lady & the Tramp plus 101 Dalmatians. Good times! After watching all that puppy love romance, I made myself a delicious & spicy spaghetti squash for dinner endorsed by my favouite Paleo Girls.
- $75 to register for the Ottawa Half-Marathon (planned for in my monthly budget)
- $65 for my year-long Saturday subscription to the Monteal Gazette (I have enough $ in my monthly budget to cover this and it saves me in the long run! Check out yesterday's post: Subscribing to Savings for more details.)

Saturday, February 26th
- $42 on groceries
- $23 on Fernando's cat food

I now have $50 left-over from my Fun Money that is going towards a new envelope, appropriately named Vegas Baby. From the remaining groceries/household contribution, my $20 is going toward our Mad Money fund. If this keeps up, I’ll have little jackpot saved up before the vacation starts… and isn’t that the way it should be?
*Rosie*

Friday, February 25, 2011

Subscribing to savings

I'm taking a Benylin (extra-strength) day as I am no longer fighting a nasty cold - it won. While I prefer to moan & groan on my couch, my puppy Miss Fergie really does not care about ailments and expects her walk rain or shine, congestion or not! On our stroll this morning I stopped by the Couche Tard to pick up The Montreal Gazette.
This is something that I do every Saturday morning as it's my ritual to brew my coffee, stroll with Fergie and pick up the paper to enjoy in my pajamas back in the condo for 30 minutes of a blissfully quiet read. At $2.52 an issue, it's hardly an exuberant cost. But then I started thinking... I subscribe to my favourite magazines because it drastically reduces the cost and it turns out, the same holds true for The Gazette.
In one Google search, I discovered a promotion for the Saturday issue at $5.49 a month... that's 49% of the stand price! While I'll take the hit of $66 on my credit card this month, I'll save $64 by the end of the year. Since I've been reading The Gazette every weekend for 3 months now, I know that this is something that I will enjoy and is worth the savings in the long-run... so long live the printed press!
*Rosie*

Thursday, February 24, 2011

Wired, but now saving on my wireless!

I came home from work this afternoon as I managed to get a nasty cold after yesterday's day-trip to Toronto. I now I have a fear of flying... not of heights, but of germs! It seems like every flight I take, I end up sick no matter how well I hydrate or sanitize. But that's another topic.

Unfortunately, my Benylin has left me wired and unable to sleep so I took the opportunity to review my wireless plan. On average, I've been spending $110 each month to support my bedazzled iPhone (yes, I love it mostly for it's glam pink crystal case) and this is a pretty hefty chunk of change. Especially since my role in marketing doesn't include a cell phone. While I expense long-distance charges associated with work, I realized that I am paying for a premium plan that accomodates my worklife... without receiving any compensation. Not any more!
Since I was stuffed up & conjested on the couch, I had all the time in the world to build wireless packages with ROGERS ONLINE and then call in to their customer-service centers when the online packages got way too confusing.

After 1 Excell spreadsheet, 5 online comparisons, 4 customer service reps later, and 46 minutes on the phone, I've slashed my bill by 43%! I was not using my 1GB of data access a month and didn't mind if my evenings started at 8 pm. By sticking to my "sugar tastes better than vinegar" strategy for dealing with the reps and planning ahead of time that I wanted in my package under $70, I was able to get exactly what I was looking for. I've saved myself $48 a month... or $600 a year!

(I want to post my spreadsheet, but I can't figure out how... maybe once my Eye Candy gets home to show me how! It's an impressive chart.)

Meanwhile, call me!

* Rosie *

Sunday, February 20, 2011

Bright lights, long nights, glitz & glam

I've revisted my 4wk rolling budget this evening as I have a few more big and exciting expenses coming up. In addition to the recently added car payments, my Eye Candy and I are headed to Las Vegas in May for a 5 day adventure with my cousins. And as a graduation gift, I'm treating my sister too. After 6 years of studying, she more than deserves some time off to play and there is no better place to do that than Sin City. I'm already shaking glitter off my clothes!

One of my financial goals is to never go on a vacation that I can't pay for - my last holiday got me into trouble in the first place, and I never want to do that again. I have $1425 saved up in my vacation account and with clever online shopping, this will be enough to pay for both my sis and me. I haven't officially booked yet as I'm waiting for my other cousin to get back from the beaches of Cuba to get his ok with all the plans - I just hope the deals that I found will last a few more days.

So all that being said, my new favourite word is "free". My Eye Candy asked me what I wanted to do today and I said exactly that. We spent the morning working out at the YMCA (I pay a monthly membership, so it was not free but at least I'm maximizing my $50 cost) and a fun afternoon walking around Old Port with our puppy. Our only expense was $5 for parking. And this evening, I've just done something that made the 13 year-old-girl-in-me squeal... I visited the Montreal library online site and reserved the chick lit books that were next on my list. While I love Chapters Indigo, they are no longer getting my money. I'll be able to pick up my books next weekend for the cost of nothing. Fabulously convenient and free! This will save me $25 a month.

Leading up to Las Vegas, these are the other fabulous ways that I am going to free-up my fun money for fun on the Strip. I'm still going to put $80 a week into my wallet, but I'm hoping to cut back on the frivilous and instead, use the remaining cash for my vacation.

1. Brown bag lunches - I'll be bringing my lunch everyday to work. While I usually do this 3-4 times a week anyways, I can still kick it up a notch and save at least $15 a week. Plus, my lunch is in a super cute black Elle insulated tote bag so no trees will be hurt in the process.
2. Improve my liquidity - About 2x a week, I stop at Liquid Nutrition after working-out in the mornings to grab a protein-fruit smoothie (Nuts About You is my favourite and it's the exact same calorie count as what I burn so I pretty much break-even). However, moving forward, I'm going to make my smoothie chez moi the night before, freeze it, and let it defrost while I exercise. This should save me $10 a week. *Disclaimer: My Eye Candy has just informed me that a defrosted smoothie will taste awful as the whey protein powder will break down. I'll try this tomorrow and if it is doesn't work, then I'll find a new breakfast solution.
3. Dinners out on the town - will be made from our Mad Money. Each week, my Eye Candy and I put grocery money into an envelope ($120 each) and anything that is what we call our Mad Money and we can spend it on whatever we like. Because I do enjoy eating out with friends, I want to keep doing so, but only if there is Mad Money sitting in the envelope.
4. BYOW - is my new favourite abbreviation. This stems from the point above, but I'm finding the best BYOW restaurants in Montreal and making my reservations there. La Prunelle is already my favourite and I can't wait to find more. *Disclaimer, should my Eye Candy insist on buying a bottle and offering me a glass, then I can't turn down that generous gesture. His money = his purchase.
5. The latte factor - this one will hurt as I already drink so few coffees at work unless it's to socialize or get an emergency caffeine buzz. But it still costs me about $10 a week. I do now resolve to make my beddazzled diamond thermos my new BFF and after my morning coffee chez moi, I'll only sip herbal teas throughout the day as I can pick up a package of sachets with my groceries and boiled water is, well, free.
6. Forty days of only window shopping - And this will be the hardest of all, which is why I am being realistic with the timeline. After all, I do live in Canada and the weather changes dramatically - I might genuinely need new clothes! But for the most part, I do need new clothes. So I will not to make a clothing, shoe, or accessory purchase until April 1st. Instead, I will spend the next 40 days planning the most fabulous outfits to wear in Las Vegas that come from Boutique Rosie. This will free up at least $300 for me to put in the vacation account. My clothes don't entirely come out of my fun money, but it will still let my bank account breathe.
7. Subscriptions only - In addition to making the library my new best friend for books, I will avoid the stands of glossy magazines at the grocery check-out. After all, I have 6 subscriptions and receive an infinite amount through work. I don't need anymore... no matter how transformational I think the content will be.
I was hoping to add 3 more tips to this list just to make it a Ten Commandments for Fun Money, but I couldn't think of anymore. If there are other ideas, please share.
*Rosie*

Saturday, February 19, 2011

Happy e-reading!

I've decided to put my enjoyment of shopping to work! I've applied to a few mystery shopping sites and I'm hoping to get picked. The extra income would be a plus ... even if it's just gift certificates to try out new products or services. Below is one of the entry reviews that I used - I figure I might as well share since I am applauding Chapters Indigo. In fact, I think I'm going to email into their corporate contact us page. Happy e-reading!
*

I would like to applaud Chapters Indigo for their excellent customer service last Thursday evening (February 17th) in their downtown Montreal location. I purchased online a KOBO e-reader for my boyfriend as a birthday present last November. He absolutely loves it and it's his new best friend for all his business travels. Unfortunately, Wednesday night he went to turn it on the screen ink was running across the page making his e-book unreadable.

I called KOBO to explain the damage (we swear it wasn't dropped!) and they told me to go in-store to exchange it at any Chapters store location. I went after work and the first sales associate was willing to exchange it for me as she said “Chapters Indigo 100% supports their KOBO sales”. However, when she went to complete the transaction, she realized that my purchase was made over 2-weeks ago and as a result, it was their corporate policy that all customers have to deal directly with KOBO for an exchange.

When I explained that I had been directed in-store, she called the manager (Mel W) who re-iterated the same policy. I expressed my frustration at having taken the time to call KOBO, come into the store, wait in line, be given a new model , fill in the exchange forms and then told I couldn’t have it. The manager called KOBO herself in my presence and was making arrangements to ship the e-reader back to them. However, this would take 15 business days for them to repair the damage and I’d be out of pocket the cost of shipping! I asked the store manager to ask KOBO if they were directing consumers to store for an exchange and sure enough, they were! She explained to the agent that this was against corporate policy in a head-office agreement between Chapters Indigo and KOBO. Once she hung up the phone, she took the initiative to exchange my KOBO e-reader for a new one even though it was “against” policy as she had witnessed first-hand that I was directed into store and as a result, she made an exception to their rule.

So often employees hide behind “corporate policies” that leave customers frustrated. But this store manager made an executive decision that left me leaving the store completely satisfied. I spend about $600 a year at Chapters Indigo and I’m a fan-favourite of their easy online shopping and in-store locations. I’m glad to see that they do “100%” stand behind their KOBOs and it was not just a marketing campaign to drive sales – they actually deliver on top-notch customer service too.