The first area of savings would be gas. Not being at the house all day, there would be no need to keep it heated or air conditioned. While this isn’t an issue on mild days, there would be some definite savings on cold winter days and hot summer days. The same would also apply for electricity (no lights would need to be on, my computer wouldn’t be plugged in and the radio wouldn’t be on for background music), and to a lesser extent, water. My guess is that these combined would likely cover the cost of the cup of Joe.
The area where I would end up saving is on food. I’m the type of person that if food is around, I snack on it, but if it isn’t, then I’m fine without it. It’s for this reason that I rarely buy food in bulk because the savings on the per unit item ends up being wasted because I’ll consume the food faster since it’s in the house. If I am out, I won’t consume nearly as much food as compared to when I stay home. This is where I would benefit the most in savings, and why I calculate that for me, going to the local coffee shop on a daily basis would actually be a money saver.
Of course, an even better savings option would be to go to the local library where I can use the Internet and work without having to buy anything. But I like knowing that I can go out and buy myself a warm drink, and that it will save me money in the long run.
While last week turned out to be an unexpectedly bad saving challenge week, this one ended up being better than I had anticipated it would be. I ended up getting another 4-day house sitting job this week which both earned me some extra money, and saved me money at the same time. Although these short term house sitting jobs can be disruptive to some extent by having to move around from place to place, they do end up helping my finances in a number of ways.
As I’ve mentioned previously, one of the nice advantages of house sitting is that I don’t need to buy food for the days that I do it. I have put a $5 savings estimate on each day (which is quite conservative) for this. Theoretically, it should also help lower utility bills (gas, electric and water) since I don’t need to use these as much as when I’m home, but I will see if those savings show up on the monthly bills when I compare them to the bills from the same month last year.
Money Jar & Pay to Use My Car
I ended up making four trips in my car this week, meaning that I paid myself $4 for that privilege. I also had $3.27 in my change jar at the end of this week, so $3 from that will also go to savings.
Total Saved Week 6: $27.00
$1 $2 $3 $4 $5 $6 $7 $8 $9 $10
$11 $12 $13 $14 $15 $16 $17 $18 $19 $20
$21 $22 $23 $24 $25 $26 $27 $28 $29 $30
$31 $32 $33 $34 $35 $36 $37 $38 $39 $40
$41 $42 $43 $44 $45 $46 $47 $48 $49 $50
Goals for the Coming Week
I have a long distance trip coming up next week, so I’ll be looking for ways to save money on that trip. A little preparation before taking off should be able to save me quite a bit over not doing any preparation at all.
Did you have a successful week six of your savings challenge?
(Photo courtesy of waferboard)