Stretching Your Dollar - Setting a Food Budget
Week Two in this series -
I wrote an article on stretching a dollar - not your budget. In the article, I mentioned setting a food budget. Setting a food budget is one of the steps in stretching your dollar and it is often one of the first things people turn to cut back on when it comes to saving money and stretching their budget.
Second... make a list of the staples you need to purchase each month. I do realize this can vary every month if you are picking up items as they come on sale but a basic list will do. Figure out how much it costs to purchase these staples every month. When you subtract that from the amount you spend every month that will leave you with what is left to buy fresh produce and dairy products you pick up during this time.
Before you head out to do shopping always take inventory of what you have on hand. Be sure to keep staple foods on hand those are the foods that have good storage life and can be stocked up on when they go on sale. Some items I consider staples for my house are: pasta, rice, canned tomatoes, tomato sauce, dry beans, peanut butter, lentils, dry milk, etc.
Look through the sale flyers for the week to see what is on sale this is the time when you might also get menu ideas to go along with the flyers. Remember if you see something you are almost out of that now is the perfect time to stock up on it if it is on sale and even better if you have a coupon to add to the savings.
Time to dust off your cookbooks or start cruising the internet for some new recipes your family might enjoy. I love adding one new recipe every week for my family to try. It keeps our menu fresh and more times than not the recipe turns out to be something we add to our menu from time to time.
I write down in my daytimer our meals for the week when I plan them on the Sunday evening and I also usually add a blog post of from the Meme Menu Planning Monday... you can find tons of inspiration there for your menu planning each week also.
Now that you have your menu plan or while you are making your plan have a list of paper handy to add items you need to buy so that you can make the menu you have planned out for the week.
Always remember that your shopping list is your plan when it comes to shopping for groceries... and it is your job to stick to the plan. I know it is hard but in the long run, it is really worth it. Grocery stores work hard trying to get you to purchase foods that were not at all in your budget. That is their job it is your job not to add them to your shopping cart as you are shopping.
We have some dietary issues and restrictions in our house so I have learned to read the labels a lot. More than I want to admit but it is for the well-being of a family member so reading a label is more than worth it in my opinion. If are you trying to switch some products over from name brand to generic sometimes it is good to fill the box up the brand name box with generic and just see if your family finds a difference in the taste. The whole mind over matter game ... more times than not you will find no difference but I do admit I have certain items that I am brand loyal.
A big tip I find helps in my household is to shop alone and after I have eaten that way I am not persuaded by a hungry person while I shop.
Be flexible with your list to a certain degree if you come across an unadvertised sale when you get to the store add it to your food plan if it is a good price and something you will use. You have to allow for a certain bit of flexibility when you are out shopping.
Many people have saved hundreds of dollars a year by:
- Planning meals ahead
- Making a food budget
- Shopping wisely by using a shopping list, comparing prices, and looking at labels
Time for you to hit the store with your new found tips and strategies. Please be sure to come back and let me know how you made out or if you already shop this way and have any other tips please leave me a comment so I can add to this post later.
How do you go about setting a food budget?
Week One - Stretching your dollar - not your budget