Savings at the pump with the GasBuddy card

GasBuddy Logo

I’m always a sucker for new ways to save some extra money without much effort on my part. That’s why when I found out about the GasBuddy card, I figured I’d give it a try.

How it works

This card works similar to the Target REDCard debit card. Essentially you link the card to your checking account and they give you a discount by processing the transactions. Unlike the REDCard’s 5% discount, GasBuddy gives you $0.05 off per gallon automatically when you use it at the pump.

After signing up, you’ll receive your card in the mail, set up a driver ID (which is essentially a PIN). Then when you go the pump, you just swipe your card and enter your driver ID and pump away. You can ignore the price at the pump and skip the receipt. GasBuddy will email you your final receipt and it will pop up in the GasBuddy app if you have it installed on your phone.

They’ll then deduct the final amount out of your checking account a couple of days later.

It’s easy!

I love how easy it is. It does require carrying another card around, but it’s not difficult to use. It’s worked at every gas station I’ve tried it at so far.

I’ve used cash back credit cards, but honestly, those tend to over complicate things in the budget and just don’t seem worth the effort. If I could find a cash back debit card, then we’d have a winner.

They also track your lifetime savings and tell you how much you’ve saved.

Final note

It appears that GasBuddy is now offering points through Shop Your Way OR the discount per gallon. I’ll continue taking the discount since it’s an immediate savings versus piling up points to buy something that I don’t really need.

You Budget How Much For Groceries?

grocery store aisle

If you’ve just started budgeting or planning to start, you’re probably trying to figure out how much to budget for each category. If you’ve budgeted for a while and you’re interested in seeing how your budget compares to ours, you’ve come to the right place.

In this post, I’ll be covering our grocery budget.

Get to the point already!

Here it is – each month we budget $500 for groceries for a family of 4. We previously budgeted $475 just a few months ago, but recently increased it. We’ve got 2 adults in our house and 2 girls, ages 10 and 8. (Man, can they put away the food though!)

We use our grocery budget for a wide variety of items.

  • Food purchased at a grocery store or to be consumed at home
    • This doesn’t include snacks purchased at a gas station to be eaten the car (that would go towards dining out).
    • It would include milk bought at a gas station for use at home, or snacks purchased at a gas station if we were taking them to a party.
  • Toilet paper
  • Cleaning supplies
  • Vitamins
  • Toiletries – shampoo, conditioner, body wash, etc
  • Razors
  • Dog food

How is that possible?

We do the majority of our grocery shopping at Aldi. It’s quick, convenient, has great prices, and the options are actually pretty healthy without us having to think about it. They sell the majority of what we need and for everything else we supplement with other stores.

We also use Target’s subscription service which saves us 5%, with an extra 5% off for using our RedCard. This allows us to get what we need (dog food, razors, and vitamins) when we need them.

You might now be thinking:

“Do you eat a lot of processed food?” Not really.

“You must eat out all the time. Show me your dining out budget!” Patience, young Padawan. We don’t eat out that much, maybe a few meals a week.

Checkup

How much do you spend on groceries each month? Do we spending more or less than you do? I’d love to see in the comments below.

Photo by MinuteDreamer

Target REDcard debit card

Target Logo

Do you shop at Target? Do you have a Target REDcard yet? More specifically, do you have a Target REDcard debit card? Assuming you shop at Target and you haven’t signed up for one, what are you waiting for?

When we were first asked by the cashier if we had a Target REDcard we of course said “no”. We don’t have credit cards and we don’t sign up for them in order to get a deal. That’s when she told us that they had a debit card. Of course, the question that came to mind was, “what’s the catch?” Since I couldn’t see any at first glance, we decided to sign up for one and start saving right away. We’ve had our Target REDcard debit card for probably 3-4 years now and the benefits have continued to get better.

Benefits

5% off your purchases

This benefit is the one that appealed to me the most – 5% savings on purchases at Target stores and Target.com. You might wonder how they’re able to offer 5% off your purchases and not charge any fees. This is what I’ve come up with. With a normal debit or credit card, when you make a purchase, the store is charged a fee to process your purchase through your card. It’s a cost of doing business that most stores absorb to win your business. With the Target REDcard debit card, Target is able to do the processing and take the money out of your checking account using a bank transfer. This keeps them from having to pay the fees to the banks or credit card processors. They can then pass the savings on to you. The normal processing fees probably don’t amount to 5%, but I’m sure they’re willing to take a little bit of an extra hit to give everyone the 5% rebate.

Free Shipping from Target.com

They didn’t originally offer this when we signed up for our card, but I’m not going to complain. I took advantage of it recently when buying an anniversary gift for my wife that they didn’t have in the store.

Extra 30 Days for Returns

If you use your REDcard, you get an extra 30 days to return your purchases. Not that you’ll need it though, but it is a benefit.

Take Charge of Education (1% to the school of your choice)

You can enroll your REDcard with Take Charge of Education and choose the school you’d like donations to be sent to. One percent of your purchases is sent to the school of your choice. You can even log in and see how much has been sent to your chosen school because of your purchases and the purchases of others who support the same school.

NO DEBT!!!

They don’t list this as a benefit, but really it is. What good is saving 5% if you’re going to pay interest on your purchases because you went into debt for them?

Drawback

Spending More

One drawback that I can see (and they probably hope for) is that you might spend more than you normally would because you know you’re saving money. A little self control can fix this problem. As long as you use it to purchase the items you would have bought anyway at Target (for us, that was diapers and wipes), you will save money. Otherwise, stay away if you have a shopping problem that you can’t control.

An Extra Card to Carry

That extra weight in your purse or wallet could cause some serious health problem. Not to mention the anxiety that is caused by making a purchase at Target and then realizing you forgot to use the REDcard. Then you’ve got to consider the chiropractor and counseling charges. This thing could end up costing you a ton more than you’re saving. (Can you tell that I’m having a hard time coming up with drawbacks?)

Potential Savings: I guess this depends on how much you spend at Target, but essentially 5% of your total purchases and free shipping if you use Target.com. If you have the willpower, take the savings (which prints out on your receipt) and put it in a savings account, towards your debt, or in a 529 for your kids. You would have spent it anyhow, so you might as well redirect it before it gets absorbed somewhere else.

Update 11/24: 5% Off Gift Cards

I’ve recently discovered that you can get 5% off of gift cards that you purchase through Target. They don’t have everything available, but they do have quite a variety. We’ll be saving $140 off of our Disney vacation by purchasing Disney gift cards through Target.com and using them to pay for the trip. That’s some serious savings!