General pantry challenge wins, since I’m not posting in detail every day:

-Made mushroom stroganoff from a cup of leftover sour cream from the fridge

-Ate most of a noodle meal packet I was gifted months ago, although the seasoning was quite odd

-Took some vegetable stir fry that past me froze in Tupperware at some undetermined date to work for lunch

- Finished 5 plant-based chicken nuggets and a small microwave bag of pre-sauced vegetables from the depths of the freezer

-Working my way through a large frozen tomato sauce tub that didn’t turn out very well. I have been incorporating this into other strongly flavored dishes such as curry, etc to improve the taste

- On the last box of old cereal, though this one is very sugary and so I am going through it slowly in small portions

And I have used up various other odds and ends. My fridge is emptier and the freezer is starting to have more space in it. I have made a couple stops to pick up groceries here and there on different days, which I will summarize here:

Giant

Frozen broccoli: 3.49

Stroganoff sauce mix packet: 2.19

Mushrooms (for stroganoff): 3.35

Giant total: 9.03

Grocery Outlet

Two cans of baby corn at 1.29 each: 2.58

Egg noodles: 1.39

Rice noodles: 1.59

GO total: 5.56

I kind of fell off the pantry challenge wagon on that one; I wasn’t out of canned vegetables or rice noodles yet, but was getting a little tired of making myself eat down less favorite items from the kitchen and decided to splurge and make a nice plate of pesto noodles after a long work day

Back to Grocery Outlet today

Tortilla chips (for nachos) 2 for one deal: 4.98

Broccoli crowns (fresh) 1.8 lbs for 3.66

Tomatoes, 1.15 lbs for 3.44

Block of cheese: 3.49

2 bags of shredded cheese at 0.78 each: 1.58

Coffee creamer: 3.49

GO total: 20.64

I am going to freeze that shredded cheese because that was an insanely good deal and I will use it. I’m on my last bag of pantry shredded cheese from the freezer now. 

Total grocery spending for the challenge: 35.23 listed above plus 34.55 previously = 69.78 so far, day 23 of the pantry clean out challenge.

I’m not counting coffee, snacks I buy at work, or eating out (rare). That’s not bad for one person and sometimes a second person joining me for meals (boyfriend, he also takes turns cooking for both of us on days we spend together). The real goal for the pantry challenge is to make sure I use up what I have to minimize food waste from things going bad, and this had definitely made me more mindful about checking what I have first before shopping. I plan to continue working on this

Yesterday breakfast was cereal with milk. Lunch was green peas (freezer) and an egg with some curry spices and cayenne for heat. I brought some pasta with broccoli, green peas, and an egg mixed in from items I had with me for dinner. It was a late shift, so around 1 am I was hungry again and ate some ramen and a mini bag of ritz crackers with peanut butter from my work stash. Brought my own tea and coffee as usual.

Today I started with a small bowl of cereal and milk. Around lunch I ate leftovers from Christmas (these are almost finished). Had the disappointing coffee with the last of a vanilla creamer from the fridge and a splash of half and half left in the fridge from holiday baking. Working late tonight (past midnight) and I usually get pretty hungry running around all evening. I made a pasta and cabbage dish to bring in and found a few leftover mini cocktail samosas in the freezer to bring as a snack. Also found a bag of borderline stale tortilla chips in the kitchen, so I will top some with shredded cheese and capers (from the fridge) for a homemade nacho snack also. I can easily do 8-10,000 steps/shift, so I definitely want to eat again after work regardless of time. If I don’t plan for that, I will be tempted towards chips or candy because that’s what’s available there after hours.

I still have about a quarter of a red cabbage and a large green cabbage in the fridge, and I think I saw a few loose carrots rattling around in the back. Need to do a more thorough inventory of my fridge/freezer/cabinets  at some point, but this week is crazy at work, so it will have to wait. Focusing on stuff from the fridge early in the challenge makes sense anyway, since those things generally don’t stay good as long.

I will need to stop at the grocery store soon because the instant coffee and creamer I keep at work is almost gone. I can deal with the grosser coffee at home until it's used up, but I am getting more good store brand for work. I save a ton of money by keeping my own coffee and creamer at work instead of buying it. I don't mind instant coffee. There's also a kuerig there I could use, but I just get hot water from it because the amount of plastic waste it creates makes me crazy. 

Costco update- trip # 2 (November)

This entry is a little delayed, but better late than never! I went to Costco once in November, mostly to get easy snacks to donate to a community event, although I did pick up a couple items for myself that were good deals. I was very pleasantly surprised by their pesto, it is EXCELLENT and comparing it to the store brand as a I do here is probably incorrect. To get a similar quality you would probably need a premium brand. Prices here are for my go-to local grocery store chain, store brand when available, unless specified. Let’s look at the savings:

Large 22 oz basil pesto: 9.49 (3.99 for 8 oz at store, so 10.97 for equivalent amount, saving of 1.48)

Cliff Bars 26 count 12.97 (16.99 for 12 count at the store, so 36.81 for equivalent amount, saving of 23.84)

Easy mac large 6 count 10.49 (17 for an 8 pack at Walmart, so 12.75, saving of 2.26)

Large black olives, 6 cans, on sale for 7.99 (1.89 each, 11.34 for same quantity so 3.35 savings)

Shin black microwave ramen, 12 count, For 12.69 (7.98 for 4 pack at Walmart, 23.94 for 11.25 savings)

30 frozen spinach frittatas for 12.99 (6 for 5.98 at Walmart, 29.90 for 30, savings of 16.91)

Basmati rice, 50 lbs for 19.69 (18.97 for 20 lbs at Walmart, or 47.42 for 50 lbs, savings of 27.73)

Total savings this trip: 86.82  Year to date: 162.96

As you can see, the largest savings are from buying premade and individually packaged processed foods, which I rarely eat myself but occasionally buy for certain family or community events. If I only compared the costs of my own personal use groceries, the cost savings would be much less dramatic. It’s also fair to question if I would have actually paid the sticker price and bought the same goodies for these events at the regular store, and the answer in some cases is probably no, or I would have bought less of them. That said, I really did get the value of being able to contribute more to these events for the same price, so I think this is a fair way to calculate the value to the Costco shopper.

I still haven’t gotten gas at Costco yet, because the first trip I didn’t need it and this time I went with a friend who also wanted to go and they drove, but I will definitely include this if I can time a future trip with a fill up! I don’t use that much gas in general as I drive a small car and live near work and the grocery store.

There has not been much food waste so far, which is one issue I am specifically trying to avoid as a single person. Will also say that one downside of Costco is that there seems to be a lot of packaging and plastic on everything compared to the regular local grocery store chain. 

Pantry challenge update so far:

-Used up some odds and ends of leftover sauces by making homemade fries from a potato and having a dipping sauce buffet for them

-Rescued a cup of leftover disappointing crepe batter from the fridge, jazzed it up with various seasonings, had a nice savory pancake

-Mixed in the noodle pack from another weird instant noodle flavor with my own seasonings, egg, and some vegetables and a packet of leftover soy sauce from old takeout

I love trying new spice mixes on sale, but not all spice blends are created equal, so I am also going to try to use up my more disappointing seasonings, and replace them with better ones next time. So far on the list I have a surprisingly lackluster harissa, a blandish creole seasoning, and some very corriander-heavy curry powder that came in a large bag forever ago. These are still useable, it just takes more effort to blend them in with other flavors. I have started a list in my personal recipe binder of preferred brands of certain spices where I have found it matters. The expensive ones are not always the winner!

Hello everyone! I am still around and reading the blogs, though it has been a while since I posted.

Financially, I have switched my focus from student loan payoff to retirement savings catchup.

My kitchen (er, whole apartment) has been in serious need of some spring cleaning, which I finally got around to starting this week, and I realized that I have a lot of food items that I have been kind of ignoring. Some were pandemic buys, some I was gifted, some were purchased to try a particular recipe, a few things were inherited when my cousin moved away because they would otherwise have gone in the trash. In the spirit of reducing food waste, especially with food prices so high, I will be trying to use some of this up over the next couple weeks. I started this AM by using an old, gross-flavored microwave noodle packet, discarding the seasoning, and mixing the plain cooked noodles with some tomato and scrambled egg for breakfast. Delicious!

Now you could certainly argue, why plan to use up your pantry staples when food costs are high and the world is still uncertain? One is that I don’t find that even shelf-stable or frozen foods really stay good forever, so if you hold onto things too long they tend to get wasted more for various reasons. Likewise seasonings go stale or tasteless over time, etc.  I would rather things it up and intentionally restock every so often, because I feel like it’s less wasteful. I also have limited storage and freezer space, so using up older or random less-favorite items will make space to stock up on other things when they go on sale.

I stopped at the grocery store today for a quick bare bones trip, and I might pick up a little more supplemental produce sometime this weekend at the farmer’s market to help round this out. I bought:

Package of 16 fluffy white dinner rolls – 2.99

18 count cage-free eggs – 4.89

2 sleeves of garlic bulbs at 2/$5 – 5.00

With tax it came to $13.00 even

The rolls were a weird impulse purchase because I rarely eat bread, but I am thinking I will use them for mini slider sandwiches, snacks just with butter, and maybe mini French toast. Garlic and eggs are serious staples in my cooking. I probably won’t try to post every meal, because I eat a LOT of stirfry with random different seasonings and you will all be bored, but I will try to check in with the highlights.

If anyone else wants to join me and share their best creative use-it-up triumps, let me know!

This has been a spendier month so far. $250 for car repairs, 6 month car insurance payment came out, and I have scheduled an eye appointment to get a new Rx so I can order more contacts. Also have a minor medical procedure coming up in late August that I am sure will involve some out of pocket cost, though not sure of the exact amount yet.

On the fun spending side I finally decided to get a bicycle, to see if I can run more local errands on it when I don’t have time to walk several miles round trip and for another exercise option this fall if delta keeps getting worse. I found a basic used bike in good condition for $100 online and spent another $30 for a helmet and bike lock. Pretty sure I haven’t been on a bicycle since I was 12, but it came right back! Was not expecting how much it uses the butt muscles though, so I will probably need to do more practice rides closer to home before I venture too far into town.

On the saving side, I have started investing in a few Vanguard ETFs in addition to my 401K deductions, using the budget category that was previously going toward student loans.  (Also reallocated some of that budget item to donations). I decided to just start on my own, and I will probably get around to finding an advisor to help rebalance things down the road when the world isn't so weird. I am splitting things between the VTI (whole US stock market), a large-cap ETF fund, and this month I am also adding a Vanguard small-cap fund.  Down the road I might try to find a dividend-focused fund as well, but these three seemed like a reasonable way to at least get started in the market. My 401K is managed separately and can't be transferred to Vanguard.

Those of you who do your own investing- what do you choose? How did you decide?

I did some spending today on clothing – I very rarely shop, but now that we are going back to in-person life I knew I would need to update some pieces that are just plain worn out. I am still wearing a fair number of clothes I had in college, and that was over 10 years ago!

I spent a total of $96.36 on a cute work-appropriate summer dress, two pairs of basic shorts, and 4 short-sleeved shirts. All of these items were on sales or clearance, but are basic pieces that will work well with other things I already have. I am working on being more brutally honest with myself and paring down on clothing by donating things that don’t fit right, are unflattering, I don’t really wear, etc.

I paid off my student loan! I should receive an official letter within 20 days, but the payment has already been deducted from my account and the balance on the web portal is listed as zero. Somebody posted asking how I paid this off, so some reflections on the process:

First, I have been very lucky. My parents helped me with undergrad tuition and I have worked part time jobs for other spending money since high school, so I never had any other debt prior to entering professional school. I always knew I would be paying for that myself with student loans and spent years saving up. Growing up, my parents worked very hard and drilled into me that having debt is NOT a normal part of life and paying non-mortgage interest is a waste of money, so it never occurred to me to take a car loan for example. When I bought my used car I had X amount of money to spend on it and that was my budget, period. I was going to get the best used car I could with that amount of money, but ONLY as much car as I could with that money, no matter what a junker that might be. I know it’s a privilege to be able to operate that way since some people have to take a loan to be able to get any transportation at all to get to work, but I do think it helped me that my parents made it clear that as far as possible, if you can’t afford something you change your lifestyle BEFORE you change your budget. I did not have to help support my family financially, which is obviously also a huge advantage.

I am also lucky that I have not run into any major health emergencies, major car accidents, etc during this process. Everyone has car repairs, etc that pop up from time to time, but I have been able to direct most of my financial effort to loan paydown. My family members have also not needed any major financial assistance during this time. I don’t have any expensive chronic medical problems right now.

After 4 years of school I spent another 5 years in paid training, where I made between $48K-almost $60K by the end with yearly raises and some opportunity for limited moonlighting in the last few years. I was living in a medium cost of living city. That is not a bad salary, but definitely not enough to pay the full payment and interest on 200K+ in debt, so I was on income-based repayment during that time and my balance was actually increasing after my monthly payments due to the interest rates. All of my loans were federal. After building my emergency savings back up for a year or two, I moved to a place with cheaper rent to free up more of my budget for repayment, joined this website, and got more focused on paying down my smallest higher-interest grad plus loan by squeezing some extra money out of my budget categories every month.

A few years ago I fully finished training and received a huge salary jump with my new job (more than doubled), which is when I really started making progress. I moved to a new area but was able to keep my core living expenses, such as rent, essentially the same. I increased my personal budget a little, such as buying nicer gifts and pasture-raised eggs and springing for a WSJ subscription, and upped my charitable giving a little, but my monthly personal spending is overall pretty similar, under 50K a year before debt repayment.  I drive the same used car (the blue book value is around $1300 now). Most of my furniture is from craigslist. I buy a lot of my clothing and household items used not just to save money, but because it seems better for the environment when there are so many perfectly good items already available without manufacturing more.  I don’t eat meat and mostly cook at home, which keeps the food budget low. Possibly because I spend so much time working and spent so many years as a cheap student, I never really developed any expensive hobbies- I am happy just cooking at home for a date or going hiking, going to a museum, etc. Books mostly come from the library. I don't take expensive vacations. Basically, this allowed me to take my entire salary increase and direct it right to my loans every month. My increased salary also helped me qualify to refinance my student loans to get a lower interest rate. I had a very good experience going through CommonBond, but there are a lot of similar refinancing companies out there.

At my new job I have also had opportunities to pick up extra shifts for overtime, etc which went to my loans. This is the first job I have ever had that offered any retirement matching, so I did start contributing enough to get the full match.

I am very grateful to have paid this off. It will give me a lot more flexibility career-wise not to have to worry about how to make a huge loan payment every month, although I like my current job and don’t have any plans to leave right now. There’s still a big psychological benefit in knowing you don’t HAVE to stay if things change in the future. I am planning on using some of the money that is freed up to increase charitable giving and retirement savings. It is also a relief to know that if I do get married in the future, I won’t have to have the “guess how many hundreds of thousands of dollars of debt I have” talk!

Finally, I will say that although there are some things I would do differently ( refinancing earlier, etc), I would take out these loans again in a minute if I went back in time.  Money isn't everything, and the experiences I have had because of my education and the ability to do a job I love for my entire life was totally worth the financial discipline of repayment. Realistically I would not have been able to do this career without taking out these loans for school. I know that is not true for everyone and many people regret their educational debt, but for me it was totally worth it. 

After April payments were applied, my student loan balance is down to just under $20,300! (A previous post with exact numbers got eaten by the website and now the lender site is down for maintenence, but close enough!)

I am tempted to throw more money at it to get below the $20K mark, but have a big tax payment coming out of my account April 15, so may just be patient. I am not sure why my employer withholdings are so wrong when I request zero exemptions every year. 

I had been toying with the idea of buying a small place locally this summer or fall, since things seem to be going okay with the job and in this area rents are no cheaper than a mortgage. However, I have decided to just rent for another year when my lease comes up in July- the housing market has gone crazy and I am not willing to overpay. I'm not in a hurry. I suspect in another year when the world is fully reopened, a lot of people who freaked out and panic-bought houses with outdoor space during quarantine will realize they don't want to spend the time/money maintaining them when there are other entertainment options,  and I may be able to get a reasonable deal.

I’m not a big online shopper and with no in-person social events, most work meetings moved to zoom, and only my BF ever coming into my apartment, I have put off a lot of routine purchases. Since this is a personal finance site, I figured I’d post a few spending snapshots now that they world is slowing reopening with vaccination.  These don’t include regular budget categories, just variable expenses. I’m not a spender by nature and have stopped budgeting discretionary categories strictly as my income has gone up. Occasional spot checks show it averages out to about what I would have budgeted. The time spent to track it closely honestly just hit diminishing returns, and I think that time would be better spent figuring out how to reduce recurring fixed expenses or invest better, etc.

March spending snapshot:

Grocery spending- 210.73 (does not include occasional takeout)

190.73 – grocery stores

 20? - farmers market. Not sure exactly because they take cash

121.29 – Replacing a flat tire

38.99 – baby shower gift from friend’s online registry

55.80 – clothing category. $25 to have a winter coat I like repaired by a local clothing shop (torn in 2 places) and $30.80 for a work-appropriate spring/summer dress and a nice shirt I can wear with dress pants or a skirt.

I think I am going to try to buy most of my clothing second hand. It seems better for the environment to reuse things that have already been manufactured, and since I donate my unwanted/ill fitting clothing, it seems logical to support the same system by buying from those sources. Secondhand clothing in my area also supports local-owned shops and individuals making a couple extra bucks on ebay. I also like that there’s more variety available that way, especially during seasons where the fashion of the moment is unflattering or unappealing. It is a mental adjustment to pay secondhand store prices for used clothing rather than yardsale or Goodwill prices though, even though I know it’s still a huge savings compared to buying it new and the difference is necessary to support the overhead of the business.

My regular payment and extra payment posted to the student loan for February, and the current balance is $34,849.90.

Daily interest is down to $3.06/day. According to my tax documents, I paid $2,532.49 in interest for 2020. Ouch, but this would have been WAY more if I hadn't refinanced last January from federal loans at 6.8% to a private loan at 3.2%. At this time last year I was paying $11.59/day in interest. It is starting to feel like an end is actually in sight.

I have been doing some extra work that should be $500 before tax, but will be paid out quarterly (in a few months). 

Speaking of taxes, I suspect I will have to pay something, but am hoping it will be less than the $8K tax bill last year! I have been saving some extra cash for this year just in case, so if I don't owe a lot I may be able to move that over to debt. 

In other news, my laptop suddenly died, as in wouldn't turn on at all. I took it in and something in the charging mechanism broke, which they said would cost so much to fix it wouldn't be worth it. Being computerless was definitely not an option with multiple pressing work deadlines, so I went to Best Buy to look at laptops. I found a reasonable model that had what I am looking for there for $620, but they didn't have it in stock. Since I couldn't afford to lose a day of work time waiting for something to be shipped, I decided it was worth at least checking at another local store that carries a very small number of laptops and found the same model there on clearance for $420! It's not damaged, it was on clearance because they are making room for this year's newer model that is coming out. 

I have been on a library reading spree in January using their ebook option through the Libby app. To buy the same ebooks on Amazon, I would have spent $105.83 in January alone!