Well the month has almost come and gone and I cant say I’ve really missed going out to eat all that much.
For the most part it has given our family extra time in the kitchen to bond. My wife and I have tag teamed the meals as well as taken turns cooking meals individually. When it’s time to do dishes Isaac has enthusiastically helped clear the table and load the dishwasher. So we have saved money but also created a fine little helper in the process.
Isaac helped in more ways than one too. We really only had a couple of times where we really wanted to break the No Restaurants challenge but were never really in any danger of doing so. We were quick to point out the times when we normally would have eaten out though and even though we were just discussing it Isaac was very quick to say, “No Daddy. No Restaurants in November remember?”
This caused me to test him on a couple of occasions too.
I’d say alright gang, let’s head to McDonald’s, knowing full well it was Isaac’s favorite place. (not because the food is great but because of the cheap toys) Even at those moments our 5 year old son stood firm and quickly reminded us that we couldn’t eat out. I love that little boy!
If absolutely no one at all read my blog but I was able to have the same affect on our children as I’ve had on Isaac, it would be totally worth it. My son is learning through our personal finance experience.
I swear one day soon I’m going to interview him and post it here. Our experience with Isaac (our other kids are too young) has proven just how much children pay attention. They are absorbent little sponges and if you are making an effort to take advantage of as many teachable moments you can it will pay off.
I intended on posting about all this last week but preparing for my wife to return to work among other things rocked our schedule last week. My world has completely changed too now that she’s finally back to work. We already miss her but we thoroughly enjoyed the opportunity to have her home for 3 long months. 😀
I told you I would share my food costs for the month of October so here goes. I think I may be more embarrassed than I was at last years October confession.
In October we spent a whopping $21 a day eating out for a total cost of $652.26. That alone gave us the strength to say no with great ease this time around. We actually spent $480.34 on groceries in October with $137.05 of that preparing for the first part of November. Still, $343.29 in groceries is a lot when you spend almost $700 on restaurants.
These figures have convinced my wife and I that we NEED to carry on the challenge into December as well. We will probably go out to eat once in December but that’s it. We are more determined than ever to make sure we stop the out of control spending in the food department. I hate thinking about how much money we wasted BUT COULD HAVE SAVED had we had a little more control. The truth is we were absolutely careless and spent irresponsibly each and every month.
That’s it for me today but get ready for a new challenge in January. This new challenge was partly inspired by my wife who happens to have made thousands of dollars over her 3 month maternity leave by buying items at yard sales, thrift stores, and auctions and then turning around and selling them on eBay and Craigslist for a great profit. The other part of this challenge was inspired by a reader who mentioned something about it in the comments section.
January Challenge: Take $100 and see how much you can turn it into. Stay tuned!
For the challenge I will be keeping track of everything my wife spends in January on items for resale. (not just the $100) At the end of the month I will report how much she turned it into. I’m excited about it!
P.S. The last No Restaurants in November post will be posted on Friday!
So how did you do in November? Did you stick to your plan to avoid restaurants? Was it hard? How much money did you save?