It’s always a good idea to make a budget for your food spending, but you might be shooting yourself in the foot by only setting a spending cap. If you work your way up from $0 and focus on the things you need first, you might be able to save a few bucks.
Picture: US Department of Agriculture/Flickr
Dan Miller at money blog Budgets are Sexy suggests that your grocery budget can get driven up because you grow accustomed to certain items being “must haves”, even though they’re not. Instead, Miller suggests you start at $0 and start adding in the cost of the foods you know you need and actually eat all of. This gives you a chance to look at your grocery spending with fresh eyes and cut things out you don’t need. There’s certainly nothing wrong with capping your food budget, it just allows things you don’t necessarily need to wiggle their way in. If you don’t have a planned out food budget, you might as well start now.
How to Eat on Less Than $1.00/meal [Budgets are Sexy]