Posts tagged under Money. Show all posts.
I was happy to read in the Globe and Mail recently that food costs, originally predicted to be on the rise for 2012, fell 4.8% in the month of December. I’m no financial expert by any means, but I understand this is due to the inflation rate dropping, which seems to be a good thing for the price of food.
Lately, I’ve been really curious about my family’s actual food costs over the course of a month, so I’ve started tracking exactly what I spend each week. I try to keep within a budget, but must admit that I’m not too stringent about it. I also purchase a lot of food for my work, and I know that skews my numbers a little.
Financial experts state that we should be spending approximately $50 a week per eating adult in the home, and half of that for each child. For me, this would equate to $200 a week, because although I live with two children, they definitely eat the equivalent of adult portions for most of their weekly meals.
A few of the moms at Savvy Mom HQ have decided to start tracking their costs to see how much they’re spending each week. I’m curious; do you know what you spend? Do you set a budget and force yourself to stick to it? What are your secrets for keeping your food costs down? Let’s discuss!
With all of our talk lately about the high price of food, it seemed like a good time to share some tips about budget-friendly ingredients, and what I’ve been stocking in my pantry/fridge to help stretch the food dollars a little further these days.
Tell us, what are your favourite budget-friendly ingredients? Is there anything you must buy because it’s too good of a deal to pass up?