What’s a good way to determine a basic monthly food budget?

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Posted by Molly C (MONEY FORUMS: 5, Answers: 0)
Asked on December 7, 2015 12:21 am
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This is helpful ---> http://www.cnpp.usda.gov/sites/default/files/CostofFoodNov2015.pdf
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Posted by Melanie Lockert (MONEY FORUMS: 0, Answers: 66)
Answered: December 31, 2015 1:32 pm
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A few of my students have used a site: numbeo.com to help them with figuring out things like this. It appears to tackle cost of living questions by location.
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Posted by Beth Tallman (MONEY FORUMS: 1, Answers: 61)
Answered: December 28, 2015 8:18 pm
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I guess it depends on how much money you make and how important it is to you to eat healthy. It's a lot more expensive to eat healthy but if you never go out to eat you might be able to afford better quality food.
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Posted by Eva Baker (MONEY FORUMS: 0, Answers: 14)
Answered: December 17, 2015 9:46 pm
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This is how I've done it in the past.

Average out grocery expenditures for the past 3-4 months. This is your baseline grocery expenditures (my family's if $400).

You can use the average as your budget, or if you're concerned about how much you spend start by scaling back by 10%.

If you've been eating out a ton, and you plan to scale back on that too, you'll need to add to your grocery expenses. I would take about 1/3 of what you plan to cut from eating out and add it to grocery.

The USDA also provides some guidelines which seem to be in line with my expenditures when I lived in higher cost of living areas. http://www.cnpp.usda.gov/sites/default/files/CostofFoodOct2015.pdf
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Posted by Hannah Rounds (MONEY FORUMS: 0, Answers: 17)
Answered: December 10, 2015 2:11 pm