How We Keep Our Grocery Spending Under $500 per Month
We often get asked how we keep our grocery spending under $500 per month for a family of five. Our grocery budget, to be exact comes out to $475 per month and we also allow for $100 per month for eating out. At the end of nearly every month we usually end up with some amount of money leftover, though that changes from month to month. I wish we had some secret tips as to how we save money on groceries but ultimately it comes down to choices we make and following some fairly basic tips when we do our grocery shopping.
If you listen to the USDA, the “average” family of four spends just under $600 per month to be considered “thrifty” and upwards of $1,300 if you’re “liberal.” While I’m not entirely certain as to what the USDA considers thrifty and liberal I’d guess that the more “liberal” you are is going to result from quite a bit of spending on items that you may not necessarily need, buying a good number of specialty items, and not having a grocery budget you’re sticking to. I don’t know if that is necessarily the case, but is just my educated guess. That said, I know it can be a challenge to keep your grocery bill down especially when costs seem to be increasing at the grocery store, but it can be done.
If you’d like to read more about some of the simple tips we follow to keep our grocery spending as low as it is, please read my latest article over at Daily Finance…
Photo courtesy of: Sodanie Chea