It's no spend July, and I'm working on all things money related this month. In much the same way a person tries to reset their eating habits by doing Whole 30, I'm doing a financial "diet" to reset some of my spending and saving habits. I'm not buying anything except the necessities aka groceries...and maybe a dinner out with adults because #sanity.
Taking a look back through the year, this is how much we have spent on groceries each month in 2017.
Average = $869.61
These numbers include household items, alcohol, and the occasional takeout meal.
To my surprise, we are way within an appropriate range for a family of 6.
to the USDA recommendations (calculated in this blog post),
$750/month is considered the thrifty plan and $1454/month is the liberal
plan for a family of 6 with young children.
Since it's no spend month, I set grocery budget goal for $600. We were out of town the first week in July and ate at my parents house. I have lots of food in the freezer. I'm cutting back on wine (more on that later). I think we can do it. I think $600 is a reasonable number and the challenge gives me a little thrill.
Even though we are steadily within range of recommended spending I know I could improve my numbers in future months with more careful planning and less impulse buying at Costco....and less wine.
So, what do you think about the USDA guidelines? What are the holes in your grocery spending, where you overspend or just plain blow it? Or, are you happy with how much you spend on food?