Tips and tricks

How much should you spend on groceries?

by Author

How much should you spend on groceries?

Thrifty:$85 –$90

  • Low-Cost:$110 –$115
  • Moderate-Cost:$137 –$142
  • Liberal:$166 –$178

    • How to budget groceries?

    Track Current Spending. Before you figure out what you should be spending on food,it’s important to figure out what you are spending on food.

  • Allocate a Percentage of Your Income. How much each household spends on food varies based on income level and how many people need to be fed.
  • Avoid Eating Out. This is the least fun tip,we promise. Eating out is a quick and easy way to ruin your food budget.
  • Plan Your Meals. It’s much easier to stick to a budget when you have a plan.
  • Keep a Fridge Grocery List. Keep a magnetized grocery list on your fridge so that you can replace items as needed.
  • Eat Before You Go to the Store. If your mother gave you this advice growing up,she was onto something: according to a survey,shoppers spend an average of
  • Be Careful with Coupons. Beware of coupons that claim you’ll “save” money.
  • Embrace the Bulk Section. Not only is the bulk section of your grocery store great for cheap,filling staples,but it’s also the perfect way to discover new foods
  • Bring Lunch to Work. Picture this: you’re trying to stick to a strict food budget,and one day at work you realize it’s lunchtime and you’re hungry.
  • Love Your Leftovers. Would you ever consider throwing$640 cash into the trash?
  • Freeze Foods That Are Going Bad. To avoid wasting food,freeze things that look like they’re about to go bad.
    • READ ALSO:   How much does it cost to build a car from spare parts?

    What does cooking on a budget mean?

    Cooking on a budget doesn’t mean you have to sacrifice flavor or nutrition. Some of the themes that mom and dad have perfected over the years in their practical budget-mindedness when it comes to food and cooking are: Buy it bone-in, skin on. It’s cheaper.

    What is food budgeting?

    It seems quite literal in all sense of the term; budgeting for food. This is often for those who need to emphasize food related spending such as wanting/needing money to spend on healthy food for diet or health purposes but needs to plan it well due to monetary limits.

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