[TIPS]How to save on groceries?

  • 10 years ago
http://bit.ly/1pbwTEj - How Much Should My Market Funds Be?

You talk about a question without an answer! But, Iwill try and answer it anyhow. First, when we're referring to establishing an exact dollar amount for grocery stores for every family that inquires, that is extremely difficult. That which we may do is allot a part (percent) of our income for food. There again, you've all the variables such as the size of your family, eating customs, etc. Additionally, a family with a low income may need to allot a bigger portion of their income toward purchasing food. The question I'd like to ask you is how much are you spending on groceries per month? I'd need to say that most folks would not have any thought. Better yet, how much could you be spending on food? In other words if you're now spending $600 on food for your family let us make an effort to cut that down to $500 or even $400. But first you'll need to understand how much you're spending now. This will be a real hassle for a month or two as you'll need to keep an eye on your grocery store purchases. All of them! Now, we can make that a little simpler but you'll have to get your financing set up a specific manner. I recommend that you merely use 4 types for your funds. All these are Home, Other Invoices, Family Expenses and Savings.Your market statement would come under that kind of Home Expenses. In the event you have your financing set up this way each member of the family will have an allowance each payday for matters like auto gasoline, lunches, parking, bites, etc. Doing it this way would get rid of the necessity to stay informed about each family member's food spending but for the family pizza night. All you'd need to do is save your grocery receipts for about 30 to 60 days and add them up. This ought to provide you with an excellent notion of how much you really spend on a monthly basis for food. When you've got this info it is time to begin trying to find methods to cut that amount down as low as you can