Last Month We Spent 200 On Groceries
How much do you spend on groceries for you and your family every month?
If you are broke and trying to budget as lean as possible, that includes trimming your grocery spending too.
Barry and I have recently been tightening our grocery budget as our own level of income keeps decreasing. Our combined personal taxable income for 2016 was only $12,700. The way that it has started for 2017, it seems that this year is going to be just as tight financially.
Keep in mind that this is not the financing for Free Stuff 4 Daily Needs. The operating budget for Free Stuff 4 Daily Needs is $15,000 a year. As we do not draw a wage from Free Stuff 4 Daily Needs, our income comes from a single dwelling rental unit that we have. So after all of the expenses for maintaining the rental unit, Barry and I are left with $12,700 a year.
It is frustrating when you see your bills always increasing and your income getting smaller. We feel your pain and fight this monthly battle too. So let us share with you how we manage. In this way, perhaps you can do some similar successful things. Making some changes such as these will help EMPOWER you towards a HOPE and a FUTURE.
How Much Should You Spend On Groceries?
There are many statistics and numbers out there. However, we strip it down to the barest of basics here at Free Stuff 4 Daily Needs. Why? Because we understand that your finances are very, very tight. You have trouble keeping a roof over your head. And after housing costs, your grocery budget is the next item that should be on your list to address.
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Perhaps if you have an income of $3,000/month or more, you don’t need to trim your grocery bill as tight as we do. However, we have found that the low-high percentage that you need to strive for is 16-18% of your income.
We use that number rather than basing it on the number of people in your family. Because even if you have 5 people in your family but only $1,000 a month income—you still have to portion out the expenses the same.
Our Monthly Goal Is $160-$180 A Month
In the case of Barry and I, we have still not achieved this, but we are getting closer. Our low-high numbers that we should be using for our monthly grocery purchases is $160-$180 a month.
This past month I almost achieved this. I was able to reduce our spending to a grand total of $200.76 for the month. That would be 20% of our income. And we still have food left over in the pantry, fridge, and freezer to take us over a week into this next month. But even coming this close to our goal is very satisfying.
Yes, we will strive to shave another $20-$40 off of our monthly spending. But even if $200 is the best I can do under current market circumstances I still consider this a success. I know you are struggling, and I know how hard it is. Perhaps you too, will have a struggle reaching your goal of 16-18% because that too, will be a ridiculous small number.
This however, for us, has been a reduction of $48 from the month before. So, huge progress is being made. I hope to achieve our goal this coming month and still have food available at the end of it.
Stay tuned and we’ll see how the progress goes. Let me know how you are doing on achieving your grocery shopping goals too. Comment below.
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