Are you spending too much on groceries? For many families, groceries are one of their biggest expenses. And yeah, food is pretty important. But you can definitely get those groceries (even healthy groceries) for an affordable price. You just need to have a grocery budget in place and then stick to your budget! You can do it! In this post I’m going to show you how.
HOW TO SET A GROCERY BUDGET YOU CAN STICK TO
I used to go to the grocery store, full my cart of all the foods I wanted, and let myself be surprised at the register with the high price of groceries. This haphazard shopping was costing me big!
Over the past few years, I’ve been able to cut my family’s grocery costs in half with just a little intentionality.
One of the biggest factors that contributed to our drastic grocery savings has been my solid grocery budget.
In this post I’m going to explain everything you need to know to set the right grocery budget for you family — and be able to sick to it.
WHY DO YOU NEED A GROCERY BUDGET?
If you don’t have a budget, your budget is just however much money you have. And for some, even more money than you have — credit card debt, no thank you.
When you do have a budget, you know how much money you’re going to spend each week. You can plan for it. And the rest of your money won’t somehow disappear.
WHAT SHOULD YOUR GROCERY BUDGET BE?
Many experts suggest $25 per person per week. So if you have a 4 person family, your budget would be $100 a week.
This is a great starting point but I think you’re more likely to be successful if you adapt this to fit your family’s specific circumstances. Here are some examples on what I mean:
- Do you live in an area where groceries are very expensive? Your budget may need to be more.
- Likewise, if you live in an area where groceries are less expensive… you can probably get by with less.
- Do you have specific food allergies or restrictions in your family? That may increase your budget some.
- Are you pregnant or nursing? You will probably need to spend a little more for extra food.
I grocery shop for my family of 3 – my husband, my toddler, and myself.
We eat pretty healthy with lots of produce and fresh ingredients. My son doesn’t eat a ton of food because he’s still small but he makes up for it in diaper costs (which totally count as groceries for me, by the way!)
And we live in New England… everything is expensive here.
So, because of all these things, my grocery budget is $70 per week.
While that isn’t cheap, it is an affordable budget for us. It is much less than we were spending on groceries before we started sticking to a budget.
Should your budget be the same as mine? Probably not.
You’ll need to consider your family’s needs in determining your budget. I know that’s not the cut and dry answer that you’re probably looking for, but it’s realistic and it will actually work.
KEEP YOUR GROCERY BUDGET CHALLENGING!
I encourage you to keep your budgeting attainable but challenging. Start by cutting back 5 or 10 dollars each week. You’ll know you’ve hit your just right budget when it’s tough but still feeling possible.
Just sticking to a budget is sure to save you money. But the tighter your budget is, the more money you’ll save.
Psst… Want more help saving money on groceries? Sign up for the FREE Grocery Budget Challenge and learn a step-by-step system for saving on groceries!
KNOW WHAT YOU’RE SPENDING
You don’t need to carry a calculator around the store and be super precise down to the penny when you’re putting items in your cart.
Here’s the secret… Overestimate!
If you put something in your cart that cost $2.50, call it $3. Then if the next item rounds up to $4, your running total is $7. Keep a running total going in your head of what your spending.
It’s important that you always round up. You don’t want to round down because that will cause you to go over your budget. By rounding up, you’ll come in a little bit under budget. And that is a beautiful thing!
TRACK YOUR GROCERY BUDGET
It’s super important to keep track of all the money you spend! Keep all your receipts and add up every dime you spend.
I put all of my receipts into an envelope that I keep in my purse. On the outside of the envelope I add up how much I’ve spent so I know if I’m getting close to my weekly budget goal. I can easily check this to see how much I have left to spend.
START BUDGETING FOR YOUR GROCERIES
Now you know everything you need to know to start budgeting your grocery shopping. Set the right grocery budget for your family and make sure it’s challenging but possible. Then, track your spending to make sure you’re sticking to your budget. And if you want more help with your grocery budget and a step-by-step system for saving on groceries, join the free grocery budget challenge here.
Don’t click away so soon! Keep reading about ways to save:
10 Tips to Stretch your Dollars
How to Get Paid for Shopping Online
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