These food plans can suggest a monthly grocery budget for your household, but they’re still estimates, and won’t be perfectly tailored to you. Use the 50/30/20 rule to budget for groceries The 50/30/20 budget can help you work out how much to spend on groceries based on your specif...
Here’s how to make a grocery budget (and stick with it!). Figure out how much you should spend on groceries, plus my best strategies to save on food. Several years ago my husband and Icut our monthly expenses in half. We set a monthly grocery budget of $330 for the two of us b...
Curious what I spend on groceries each month? I decided it was time for me to write an updated post sharing details of our family’s average monthly food budget. It’sa lot bit differentthan it was when our kids were little. Our sons are now 19, 17, 15, and 12. (Ma...
This is another area where the price spectrum just seems to make no sense. You can shop at a Chinese fresh market and spend 40 RMB on the biggest bag of fresh vegetables you have ever seen and feed yourself for a week with them. You can then head to import stores like Jenny Lou’s,...
What this means for your meal plan is that instead of planning to make, for example, steak this week just because you want some, you’ll wait to put it on the menu until you can get it at a killer sale price. Just be sure to compare prices as much as you can!
How Much Do People Spend on Groceries Each Month? Now, let’s talk about how much people tend to spend on this budget line. Thetypical cost of monthly groceriesfor one adult ranges from $249 to $313. And when it comes to a family of four, the average cost for their monthly grocery...
Groceries—you gotta eat. Electricity, water, gas (could vary seasonally). Internet and phone Taxes—income, property, etc. Then, there are discretionary expenses: money you (mostly) choose to spend.3 Here’s a list to start with: Cable/satellite TV (including optional movie packages and str...
How much you should spend on groceries Aside from housing, the cost of groceries can be one of the largest monthly expenses you have. After the pandemic, we began to see grocery prices rise significantly due to increased production costs for food producers, supply chain delays, severe drought ...
Using a credit card to buy your groceries and then making your monthly payments on time can help you build a strong credit history and show future lenders that you can manage your credit responsibly. Cons: You could face steep interest charges If you can’t pay off your credit card ...
Automate as much as possible so the money you’ve allocated for a specific purpose gets there with minimal effort on your part. If your employer permits, set up automatic payments from your paycheck to youremergency savings, investment and retirement accounts. An accountability partner or online ...