This is Challenge #7, sponsored by Hit Entertainment, in the 90-Day Budget Boot Camp.. Scroll down to find out how to enter their exciting giveaway! If you’re new, find out how you can join to kick your own budget’s butt!
Are you ready for the next challenge in the 90-Day Budget Boot Camp? Here it is!
- – The Challenge – -
Create a Grocery Price Book
Why? The trick to truly saving money is purchasing items when they hit rock bottom prices and buying enough to get you through until the next rock bottom sale. That’s right, you don’t have to stockpile enough to get you through months or years, just until the next amazing sale. If you can master this, then you’ll always be paying incredibly low prices. But, to do so, you’ll need to know what those rock bottom prices are.
I’d love to sit here and tell you rock bottom prices, but it varies. It varies by brand, region, store, and so much more. It depends on if you’re brand-specific, only live near one store, don’t have stores that double coupons, or are open to buying whatever is cheapest! I’d have to know the price for every product at every store and I’m just not that good! But, you can figure out what you need to know yourself easily.
How? The 6-Week Cycle is a term used to describe the sale cycles. Most items we purchase go on sale at rock bottom prices every 6-12 weeks, so if you track prices for 12 weeks for the items you buy, you’ll know how low they go. That’s where a Grocery Price Book comes in handy! Keep in mind, you will have to update it about ever 6 months or if you notice a price change in your area.
What? You can create a grocery price book however you’d prefer. You can keep track with a paper or pen. However, I have a tool (yes, the spreadsheet addict has a spreadsheet) you can use and an example of how to use it!
Come back on Wednesday to find out how our Challengers do and hear their experiences!
This week’s challenge is sponsored by Hit Entertainment! They create entertaining content and rich characters to engage your child’s imagination, such as Thomas the Train, Bob the Builder, Barney, and so many more favorites!
Hit Entertainment is offering 3 Children’s DVDs to one (#1) lucky winner!
- Being a Friend
- Thomas & Friends Creaky Cranky
- AND Music Music Everywhere
What products do you most need to track prices for, so you don’t continue to overspend on them?
Each task below that is completed is worth one (1) additional entry. All are option, but give you more chances to win!
- “Like” the 90-Day Budget Boot Camp on Facebook!
- Follow @MummyDeals and @InGoodCents on Twitter and tweet – I’m kicking my budget’s butt w/ @ingoodcents & @mummydeals! Could your budget survive? #budgetbootcamp #giveaway http://bit.ly/bbAmAl
- Add the button for the 90-Day Budget Boot Camp to your website’s sidebar.
- Blog about your personal experiences with this challenge and link back, so your readers can start kicking their budget’s butt!
- Subscribe to In Good Cents via RSS or e-mail
- Subscribe to Mummy Deals via RSS or e-mail
The Fine Print - Entries will be accepted until Tuesday, August 17, 2010 at midnight Eastern. Winners will be chosen randomly via Random.org and announced on Mummy Deals on Wednesday, August 18, 2010. This giveaway was sponsored by Hit Entertainment. We were not compensated for this post, but may have received free products for us and our challengers. Regardless, as always, all opinions are my own!