I’ve written about keeping a grocery budget low before, which is part of the reason why this infographic stood out to me as one worth sharing. If you look at the bottom of the infographic, it asks the question “What would you give up” specifically in relation to food. What I liked about this infographic is that it gives a table representing four different categories regarding feeding your family from a spendy plan to a very thrifty plan. Looking at the numbers I was encouraged to see that the Frugal Rules household is quite nicely below the thrifty plan. To be fair, our youngest are three and one years-old, and I know that once both the boys hit their teenage years we’ll need a few cows and chickens in the backyard to be able to keep their stomachs satisfied…but I was encouraged none the less. It listed an “average” family of four spending anywhere from $611 to $1,217 (ouch) per month to feed themselves. We have a family of five and our grocery budget is $475 per month and we allocate $100 for eating out and we normally have money leftover at the end of the month.
What all of this got me thinking was, ‘what food items are average families spending so much of their hard earned money on?’ It did not take long for me to see what some of the main culprits are – lack of planning a meal menu, buying boxed and prepared foods, and not sticking to a grocery budget. I am sure there is more, but that is what came to my mind at first. We’re commonly asked how we keep our grocery spending so low and it’s really simple – it comes down to making choices. Sure, we’d love to shop at Whole Paycheck, but we choose to budget differently. That said, we avoid things like boxed meals, soda is a luxury and we make a lot of meals from scratch. We also grow a vegetable garden so we can get what we want and have it be organic. Going back to the question they ask, I wonder what we would give up if food costs doubled overnight. It would certainly mean that we would have to make some tough choices in relation to how we allocate our budget and limit ourselves when it comes to the grocery store.
Ok, so I turn it over to you now…what would you give up for food? What stood out to you in this infographic?