How Much Should You Spend On Groceries

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How Much Should You Spend On Groceries

How Much Should You Spend On Groceries

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The Cost Of Healthy Eating In Ontario Is $392 Per Month For A Single Person According To The Nutritious Food Basket

The state you live in can affect how much you spend on groceries each year. Extarz / Shutterstock.com

Anyone who has ever walked into a grocery store knows that money can quickly disappear while wandering the aisles. Groceries can make up a large portion of our daily, weekly or monthly expenses. Not only that, but the expenses can add up to more money in a year than you think.

Depending on the state you live in, you may pay more or less on average for weekly grocery delivery.

The U.S. Bureau of Economic Analysis calculated the average annual food spending per person in each state.

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In 2017, U.S. residents living in Washington, D.C., Vermont, Maine, and Hawaii spent the most money on groceries: $4,577, $4,452, $4,115, and $4,081 per year , respectively. The average person living in Oklahoma, Utah, Alabama and Arkansas spent the least. Residents of these states each paid an average annual bill that was about half of what Washington residents spent that year.

People in rural, agricultural-intensive states spent less on food, perhaps because it was cheaper to produce food in those areas. States as far away as Hawaii and Alaska had average annual food costs, as did northern states like Maine, Vermont and New Hampshire.

Erin McDowell is a reporter on Insider’s editorial partnerships team. He is an Insider, Business Insider and Insider Inc. Covers food, lifestyle, entertainment, real estate and more for partners including MSN, Apple News and Yahoo. He graduated from Elon University in January 2019 with a degree in Strategic Communications and Digital Arts. She has written for V Magazine, Milk.XYZ, OUT.com, Brides Magazine and more. He lives in Brooklyn, New York and can be found on LinkedIn. Please send any questions, comments or tips to emcdowell@insider.com. Featured Articles:

How Much Should You Spend On Groceries

See: This summer could be hotter than expected. Here’s how hot it is in each state. With a budget or expense in mind, have you ever wondered how much other families spend on food compared to what you spend?

Writing Out A Menu Plan Based Around Cheap Meals

I know that most homeschoolers work very hard to strictly manage their budget, so I thought this might be an interesting topic to explore. My husband and I are currently course coordinators at Financial Peace University, so we have been reviewing our budget in recent weeks. In particular, we wanted to know how our food budget compared to other families and whether we were spending more or less than the “average.”

To do this, I created a survey today and 150 families responded. With the data I collected, I calculated how much each family spends on average on food. I also know that some families are dairy free, gluten free, organic, etc. I took into account the need to purchase special foods. These differences are illustrated in the infographic below.

Since our family doesn’t eat out at all, I also tried to find an easy way to compare the budgets of families who eat out regularly with ours. eat at home. To do this, I simply took 1/3 of what I spent on food and applied it to my base grocery budget, and thus came up with an adjusted cost per person that would be more realistic to compare to that of my own family.

I also realized that feeding a 3 year old is not as expensive as feeding a 10, 15 or 35 year old, so I figured that any child under 5 would only cost 6 /10th of the price of a 5+. . As a reminder, this was not just a shot in the dark; I looked up the USDA food costs for the average family and they say that children under five eat 40% less than those over five. compare costs from one family to another.

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Although there is a very wide range in monthly food spending per person among all survey respondents (from $30 for some families to $300 for others), I found that our family spends slightly more than the average in food thanks to this survey. less. our food. Now we don’t feel so bad about spending too much on our food.

I also want to say that if you’re looking at the calendar and thinking, “Wow, we’re going to spend more than that!” cheer up! It is important to remember that the figures are only averages and that the survey revealed a very wide range of per capita spending. So if you spend more or less, that’s great! It’s just an interesting study of family averages. The first step in creating any budget is to study your spending from previous months. Is this a line that has touched the hearts of many of us? A surprising amount to spend at a restaurant. Seriously. When you cook at home for less, how many nights per week do you order takeout, delivery or dine-in?

Have abandoned their kitchens en masse to spend unprecedented amounts of money in restaurants. According to the Bureau of Labor Statistics, in 1985 we spent an average of 41 percent of our food budget on restaurant meals or takeout. Three decades later, this share has remained relatively stable at 43%.

How Much Should You Spend On Groceries

However, we can all eat out less for health reasons and to save money. For some diners, missing the new taqueria, pintxo bar or cider house is like giving up indoor plumbing. But if you really want to save costs and feel like your eating is getting out of control, there’s a simple solution: cook more at home.

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It’s tempting to promise to give up one restaurant meal a month, but ask yourself: If you had the choice between Mickey D’s and your favorite Neapolitan pizzeria, which dining experience would you pass up? It’s best to reduce your restaurant expenses to a realistic number. But how much? Here’s a simple suggestion. Calculate your average restaurant spending over the past three months, then cut it in half.

Good morning? Still there ? Look, 50% seems like a big discount, but for most of us, just brown bagging our coffee and bringing our coffee from home is a big part of it.

Of course, cutting restaurant costs means your grocery budget has to increase. (You have to eat something!) Calculating how much to add means determining exactly how much more expensive it is to eat out than to cook at home. not easy to do.

The average price of a hamburger at a restaurant is four times higher than that of a hamburger at home. Let’s say $20 at the supermarket costs about $5 at a restaurant. Divide your restaurant expenses by four and add that amount to your monthly grocery budget.

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Here’s an example: Let’s say you spend $400 per month. Cut that number in half next month. Now you can spend $200 a month on takeout, and not a cent more. Now divide $200 by four: $50 is the amount you add to your grocery budget.

The hamburger rule cooking at home eating out food budget grocery budget restaurant expenses restaurant expenses I’m Chris, a trained chef, culinary nutritionist and busy mom, here to help you take the stress out of it to healthy eating with flexible meal planning and simplified meal preparation. and easy budget-friendly meals.

It seems like a process at first (and it is!), but once you get the hang of it, everything goes smoothly (promise).

How Much Should You Spend On Groceries

2. Eliminate all bulk purchases or monthly autographs (for us, that’s Thrive Market for groceries and Butcherbox for meat)

Top Tips For Planning Family Meals On A Budget

If you want to go further, evaluate your weekly staples so you have a baseline, an idea of ​​what you need each week and if it fits your budget and know what you have left (this will help you will help calm you down). reduce additional purchases that may exceed your budget).

, but basically you want to budget for your income minus all your fixed expenses (mortgage/rent, utilities, insurance, etc.).

How much you want to spend on food per month is up to you, but a suggestion from Dave Ramsey (I confirmed with Paige Schmidt, Dave Ramsey is a certified financial coach)

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