I originally got this idea from I Heart Publix - each week, Michelle posts all of the great deals she gets. When I started Frugal Follies, I wanted to do the same, to inspire you to save more as well. In the spreadsheet, I list every food, health and beauty product, paper goods, or cleaning supplies that I bought that week, and how much I spent and saved on the items. I publish my shopping spreadsheet every week, just before I post my Wednesday Weekly Shopping feature.
I get a lot of benefits from doing this each week:
- I have a record of everything I've bought since I started doing this in January 2010 (except for when I took a break during the summer). I neglected to keep a running total of my non-summer 2010 expenditures, but I was able to go back and figure out how much I had spent each week, and total them up at the end of the year. (Lesson learned - I'm keeping a running total this year.)
- It keeps you on track for how much you've spent that week. I make several shopping trips per week, and I enter the data after each trip, so I know how much more I can spend that week without being over budget. When I don't do this, I tend to go over budget, like I did two weeks ago.
- While entering the information, I'm checking the receipt closely, and if there has been a large mistake, I can go back to the store and fix it. This hasn't happened many times, but it feels good that I have the ability to do so.
- It gives me a feeling for how much things really cost, like keeping a price book in my head. (I don't keep a real one, though I do have an ALDI price list.)
- It helps me when I'm making my shopping list, to judge whether a deal is really a good deal or not.
Here's how you fill it out:
- Column A: The product you purchased. I also take a separate line to list the store.
- Column B: The quantity of items you've purchased. For produce and other items bought per pound, I put the weight here.
- Column C: The original, non-sale shelf price of the item. This would be the sale price of the item plus the discount. For items bought per pound, I put the per-pound unit cost here.
- Column D: This is calculated for you - the total price without discounts or coupons
- Column E: The dollar amount of coupons that you've used. If you've used multiple, similar coupons, you'll need to multiply the number of coupons you've used by the number of items you've bought. If you've used both store and manufacturer's coupons, you'll need to add those numbers together.
- Column F: The dollar amount of the discount given by the store.
- Column G: This is calculated for you - the amount of money paid out of pocket for the item.
- Column H: Here you can write any notes you might want, such as ECBs or RRs earned in the transaction, where you got the coupons from, etc.
A couple of special items:
- Tax: I put tax paid in Column D, overwriting the formula that appears in that box.
- ECBs and RRs - I put these in Column E by themselves. A negative total should appear in Column G.
For more frugal tips, please check out the bloggers listed on the left sidebar under Frugal Tips Linkups. There are lots of great ideas on each blog and I'm sure you'll find lots of wonderful tips!