029: Are you spending too much on groceries?

029: Are you spending too much on groceries?

Today I would like to talk about grocery spending. It can take a big bite out of your monthly budget. A family of four spends up to $1,284 a month on food at home, according to May 2016 data from the U.S. Department of Agriculture.

Now I am not a penny pincher and when it comes to buying food, I buy what I see is necessary and I don’t go around stores trying to find deals. I also prefer organic food. To me food is necessary for living and I believe what you eat affects how you feel, act and behave.

Many of my clients, in process of reviewing their spending, come up with conclusion that grocery spending is high. I’ve always wondered why do people feel this way? What are they comparing it to?

What I think will be a better approach is to look at how you buy your food? How often do you go to grocery store? Do you have a meal plan?

“When shoppers buy only their weekly needs, they are forced to pay full price for 50 percent to 80 percent of what goes in their cart,” said Terry Gault, founder and CEO of TheGroceryGame.com.

Make a meal plan. I fould this to helpful in buying what is on my list and not having to wonder what else I need. This also helps me avoid throwing away food that goes bad if I don’t get to cook it.

So what is your grocery buying pattern? What are you going to do to adjust?

 
Anna Sergunina
anna@adviceonly.net

I passionately believe that in order to live a life of fulfillment and joy, we must genuinely serve each other in any way possible. I found my mission in life to serve others via financial planning. Anna regularly writes about personal finance. Her work appears on Business Insider, Nasdaq, Nerdwallet, among others. Anna is the creator of Money Flow system.

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