When Going Over Budget is Good
Last week I looked at my income and expenses for the first six months of 2014, comparing them to the budget I made at the beginning of the year. One category had a big surprise – groceries. Everyone knows about supermarket inflation, but upon further inspection I realized my own personal inflation was due to some “bad” (financially speaking) choices I have been making for my own “good.”
In my newly single life, I assumed I would be spending about two-thirds of my old married grocery budget. Instead, I found that I have actually spent more. My analysis showed three reasons – 1) my healthier food choices; 2) my love of cooking, especially for others; and 3) general grocery inflation.
When I go to the grocery store now, I hardly spend any time, or money, in the middle aisles. I spend it on the perimeter, where the produce is. As a result, I have managed to keep off the ten pounds I tried for several years to lose. But produce is generally more expensive, and not quite as filling, as packaged goods and carbs, so I buy more of it. It also spoils, so I buy more often.
I have always enjoyed cooking, but now I have someone new in my life for whom I especially enjoy preparing meals (lucky guy, huh?). Upon reflection, he estimated I am buying 75 percent of the groceries for our two households. And he is probably right. I nearly always send leftovers home with him, then bring groceries to his house, too.
Relatively speaking, I would guess that eating healthier, and cooking for two, have far more impact on my cash flow than general inflation has. But I have no intentions of stopping either one. I will find other areas to sacrifice first. Compared to the cash flow impact, my much-improved health and wellbeing is far more worth it.