It's The Economy Stupid

 

Like James Carville said during Clinton's first campaign, "It's the economy stupid."

I would also add this time around it was also the Open Borders.

Sluggy

This Week on the Dining Table

The "Mixed Up Thanksgiving" Edition.....

We went over the son in-laws folks house on Saturday for Thanksgiving.  There were a ton of people there we didn't know(half brothers, wives, grandchildren, etc.)so that was different.  Just another change to what we are use to. 8-)

Daughter might want to do something on Thursday though that's just the 4 of us.  We'll see what happens.

Onward to the meal planning!

This is what was planned.......

1. Sunday--Chicken Fajitas, Spanish Rice

2. Monday--Fried Catfish, Asian Cole Slaw, Cornbread

3. Tuesday--Teriyaki Chicken Stir-fry w/Veggies, Rice

4. Wednesday--Beef Pie w/Veggies and Cornbread

5. Thursday--Leftovers

6.  Friday--Shrimp Scampi, Linguine, Veg TBD

7. Saturday--Thanksgiving Dinner w/family

And here's what actually happened........

1. Sunday--Chicken Fajitas

2. Monday--Fried Catfish, Asian Cole Slaw, Cornbread

3. Tuesday--Teriyaki Chicken Stir-fry w/Veggies, Rice

4. Wednesday--Leftovers

5. Thursday--Beef Stroganoff, Sweet Potato Fries

6.  Friday--Leftovers, Big Salad

7. Saturday--Thanksgiving Dinner w/family

I wasn't feeling well Sunday so Hubs had the Fajitas and I ate an apple.  I used the leftover rotisserie chicken I bought the week before and put it into the Fajita filling.

What got put into the freezer last week....

*  a 10+lb. turkey

*  5 more lbs. of Bacon

*  3 boxes of pie crust

*  2 bags of veggies

*  3 pies

What got taken out of the freezer and used...

*  some Catfish

*  a bag of Teriyaki Chicken

*  a bag of Stir-Fry Veggies

*  a bag of Sliced Beef

                                                   

I busted my budget and spent $237.79 last week. Just 2 Kroger and 2 Walmart trips to put stuff in the freezer and pantry to stock it as I found deals and a few necessities.

I figure since we won't be buying food in December(doing a sort of grocery fast and will be away too then)I can go over as what I buy will "last" for 2 months.

This brings our food/toiletries/paper goods Total to $770.46 for November so far.  

There are 9 shopping days left in November.

I've earned $160.56 on Ibotta in November.

I've earned $0.00 on Checkout51 in November.

I've earned $15.75 on Coupons dotcom in November.

I've earned 8,667 points from shopping on Fetch in November.

I earned 5,416 points from food shopping on Shop Kick in November.

I've earned 1,321 pts. from food shopping on Swag Bucks in November.

That's $176.31 in rebates(not counting the Shop Kick/Swag Bucks/Fetch)on $ in grocery spending so in reality it's $412.35 spent after the 3 rebate apps I count.

My savings percentage for the last week was 47.98% and the monthly savings total for November comes in at 39.25% so far.  Gone are the days of 70% savings rate with Rite-Aid. 8-((

Leftovers going into this week....Chicken Fajita filling, Teriyaki Chicken and Stir-Fry veggies

Here is this week's "food plan".....

1. Sunday--Leftovers

2. Monday--Salad, Leftovers

3. Tuesday--Chicken Strips, Mac and Cheese, Cabbage

4. Wednesday--Beef Pie w/Veggies and Cornbread

5. Thursday--Some Form of Turkey, Rutabaga, Mashed Taters, Stuffing, Cranberry, Pumpkin Pie

6.  Friday--Shrimp Scampi, Linguine, Veg TBD

7. Saturday--More Leftovers

Some meals not made last week just carry over into this week.  We're working on leftovers at the moment too. ;-)

What do I need to buy to fix everything on this menu?  Not sure.  If I have to get some form of turkey(the whole one's won't thaw in time to cook one but we don't want all those turkey leftovers right now)I'll spend a bit more for November.

No worries as we have the cash to cover all this food and nothing goes on a credit card that we don't pay off at month's end. 8-)

What is getting fixed and served at your house this week?

Was last week's plan successful, did you go off plan or did you not even plan what was going to be eaten last week?

Any deals on food at your stores this week?  

Sluggy 

Inflation, Financial Suicide & Being Henny Penny

*  Some of you may want to go 'fortify' yourselves with some adult beverages before reading this.
It's a rambling missive in which I reflect on economic things and I do a fairly good impersonation of Henny Penny.   I will try to be perkier on Friday.  *

As we go into a brand new world after this election cycle I foresee things changing in this country.....but only changing for the worse for the average citizen no matter which "party" takes control.

 
I see lots of people struggling.....struggling everyday just to hang onto the life they have now.  More people swiping Access Cards(food stamp cards)at the grocery store or putting things back after they run out of cash at the register......people not filling their gas tanks fully at the gas station......store parking lots seem a bit emptier.....the number of cars in the parking lot at the food bank when it's open is noticeably higher, et cetera.
With the growing rate of inflation, and the hyperinflation that's sure to come eventually if the course in this country isn't changed, it will be getting harder and harder to just maintain our lifestyle as it is.  Doing better financially is just not something that most of us can even hope for anymore!

As prices rise, more and more families are slipping off the cliff and falling into not being able to sustain themselves.  The wise ones are downsizing from their unaffordable ways, buying less and buying cheaper(though buying cheaper isn't always wise in the long run).  The ones who saw it coming put their heads down and braced themselves for austerity.  Hard times had forced many into trying on the frugal lifestyle.
While the rise of frugality in 2008 was an anomaly of the time that marked the beginning of the Great Recession of the 21st Century, the level of frugality we have now 4 years later indicates that it is NOT just a passing fade and that it has become the "New Normal" in this country.

Families are falling off the financial cliff due to several factors, but these people boil down to 2 financially fragile groups in this country......those who are not being able to change their lifestyles even if they want to and those who are unwilling to change their lifestyles even when it's clear that financial change is needed.

Now I can understand the group of people who want to change their lifestyle but are unable.....I mean those who, due to a lack of education or resources can't do anything beyond the same stuff to improve their standing in the economic world.  Then there are the people who can't work due to age or disability or mental illness mostly.  Granted this is a very small group.  Even some who are disabled or old or mentally unstable can find ways to bring in money if they put their minds to it.  I've seen it.  These folks are going to have a hard time getting some national chain business to hire them for a 40 hr. a week gig, but there are ways to bring in money.  You just have to be open to different ideas of what employment means and what an acceptable lifestyle is and embrace an opportunity when it comes along.

Notice that I didn't include the economically oppressed in this first group of the financially fragile.  While most of the poor have few economic options they do have their mental and their physical faculties going for them.  How else does one explain the success of many of our ancestors, who came here as poor immigrants, with nothing but a sack of belongings and some not even being able to speak the language of the land?  If someone with all that going against them could survive and thrive in a mostly hostile environment, don't tell me that an able bodied young economically challenged person can't find a way to support themselves now. 
But I digress.....

What I don't get are the people who refuse to change their lifestyles even when the reasons are staring them in the face!
If you were holding an anchor in your hands and standing on a ship that is taking on water......why are you not throwing that anchor overboard and using your hands to frantically bail the boat out?

That's what I see that the families who are unwilling to change their lifestyles are doing.  Continuing to hold onto the ways and lifestyle they use to have, even though their brain tells them that is NOT what they should be doing. 

An example of this is people who can't afford the car or the house that they own.  At some point in the past, they bought a house or a car and could afford the payments/mortgage but due to economic factors(income loss, price of gas, property taxes, insurance, etc.), paying for that car or house means they live above their income each month.  The house or car is unsustainable in their life.  No matter what they juggle financially, they just can't afford to pay all the bills and pay for that car or home too.

They may try to cut something else down or out, like food.  This may only be a short term solution because if their life is suffering in some other category because they are using  their economic resources to support a house or car payment that is unrealistic for their income level, eventually their solution will fail and they'll still have to face that crisis again.
We had a family member recently who went through this exact scenario.  They had a car repossessed and needed $2K+ to get it back, which they didn't have.  Come to find out they couldn't afford the payments on this car due to their income and other lifestyle choices.  But they were insistent on getting this car back.  It was pointed out to them that maybe getting the car back was NOT something they should do, since because of the lack of resources, they would not be able to make the payments yet again down the road,  and would lose said car again....thus having to find another $2K+ to get it back, which they wouldn't have in their budget obviously to do so.
Why was this person holding onto this car so desperately?.....a car that was unsustainable in their life?
This person was so emotionally attached to a C-A-R, they couldn't see how financially toxic is was to their life!
I am happy to report that the family member ultimately decided to let the bank take the car back and used some unexpected cash funds to buy a used car that they CAN afford.

When folks realize they need to cut an item out of their life, why do people not do it?

--Is it because of the lust for the item?  They have talked themselves into believing that in order to be happy they NEED that item no matter the cost to their financial well being?

--Is it the "what will everyone else think of me?" syndrome, where our image in the world is so important that we'll put our financial well being at risk?  "If I lose my car or house, my peers will think something negative about me?"  How they appear to the world is more important than being solvent?

--Is is denial that a problem exists?  They are so deluded about reality that they don't even see there is a problem here?

--Is is fear of the unknown?  They know they have to get rid of the car or home but they are so petrified of what will happen when they do so?

--Or is is combination of any or all of these reasons that people make insensible choices in their lives with money?

* Tell me what YOU think!  Are you downsizing your life?  Do you need to downsize your life?  Do you see more financial mayhem coming toward us after this election cycle?

* Tell me I'm wrong and why.  Got another opinion?....Tell me!

* Do we need to lower our economic expectations in this country?

* Tell me how you stay financially sustainable....give me examples.  Maybe you'll inspire someone!

* Tell me your personal story about being financially fragile and what you have done/are doing to get yourself out of that state.

Sluggy