Backyard Gardening Can Save You Big Bucks Every Year

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Backyard Gardening Can Save You Big Bucks Every Year

Personal Finance

Health & Wellness

June 9, 2022

If you’re like most of us, you’ve probably winced at your increasing monthly grocery bill.

Even before the recent inflation, a consumer survey determined the average American household spent almost $7,000 per year on food. With produce at an all-time high, it makes sense that planting what you eat can save a lot on groceries each month.

Choose vegetables that work for your climate, and you‍

Make sure to select vegetables that are climate-appropriate. Your season may be too short for watermelon, for example. And choose vegetables that you actually enjoy eating! If you spend $5 per week on kale at the store, then by all means start with planting kale. Double-check growing seasons and conditions, especially the ideal temperatures for each crop.

Choose high-producing, common vegetables‍

Plant high-yielding items such as lettuce, tomatoes and onions. Start with seeds too since you will likely get a lot more for your money. For example, you could spend $5 on two pounds of tomatoes, while tomato seeds cost a couple of dollars at most, and can yield around 20 pounds per plant. You may also need a plan to preserve any surplus produce for consumption later, like freezing and storing.

Don’t forget the herbs too!‍

Fresh herbs can be super expensive when purchased in packets in the store. However, they are relatively inexpensive when it comes to planting and growing them. You could spend a small amount and have enough of your favorite herbs to last a couple of seasons. Plus, they may also be dried, stored and used later on.

Take advantage of all growing space

‍Your garden space does not have to be super-sized to benefit. You may plant climbing vegetables to take advantage of upward space. You can also make it simple and use planters on the porch. Don’t forget to use a rain gauge to know when supplemental watering is necessary to keep your crops growing.

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What about those extras?

‍A well-maintained garden can produce a half-pound of produce per square foot each season. You can sell extra fruits or vegetables, even flowers, in your front yard or at a community market to make extra cash. You might even be able to barter for other produce on apps like Nextdoor.

Think outside the garden!

‍Backyard gardening can do more than just add to your pocket and provide vegetables. It’s good for mental health too, given the ability to get outside, be productive with your land and avoid consuming chemicals in some store-bought vegetables. Lastly, if your garden is a real oasis, you can rent out the space for photo shoots or even organize backyard events such as a clothing sale! There are so many ways to take advantage of every last bit of your backyard and turn it into cash in your pocket.

If you have questions about your financial plans or would like to have your current financial plan reviewed, schedule an appointment on Bayntree’s online calendar by selecting the date and time that is most convenient for you! You can also always reach us by emailing info@bayntree.com.

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Bayntree Wealth Advisors provides comprehensive financial planning and wealth management. The Bayntree team specializes in all aspects of financial health, including retirement planning, risk management, investment advice, tax strategies, estate planning and insurance.

Bayntree does not provide specific legal or tax advice. Please consult with your tax advisor or legal professional for guidance with your individual situation.

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