Food prices suck and they just seem to get worse. Back in October, I was shocked when I realized that I spend over $260 a week on food. To put that into perspective that is $520 a paycheck – My mortgage payment is only $482 a paycheck with taxes.
Since November I have tried new things: using coupons, shopping at different stores, and having a different focus on my shopping list. My weekly costs have gone down but with 3 birthday parties in November, Holiday parties and baking, I really can not provide a good food cost per week since my October analysis. I do know that regardless of what that number is, I can improve.
This week I will update on my adventures of couponing, the Aldi’s redemption, shopping the sales, and provide some helpful money saving tips.
THE PLAN OF ATTACK:
From January 20th to April 13th my goal is:
- Spend only $200. a paycheck for 6 paychecks or 12 weeks
- Equals $1,200 or less bring my weekly average down to $100
- The $160 weekly savings over a year would equal $8,300
I don’t know if this is possible to spend only 1,200 but its worth the effort to try!! My previous $260 average would cost me $3,120 over 12 weeks so anything under that is going to be a savings!
So what is included in the the $200? This is the part of the challenge that can make it or break it.
- Weekly grocery shopping items: food, meats, cleaners and paper products
- Purchases from the farmers market
- Drug store purchases
- Food purchases from BJ’s and Wal-Mart (receipts will need to be itemized)
- Food purchases from Nice N Easy or other convenience stores
- Dunkin Donuts (purchases after my gift card is depleted) and K-cup purchases
- Eating out was the hardest part to decided about. One dinner at Red Lobster and we are eating noodles and carrots for the rest of the week. I decided that I will count the following:
- meals for when I am too lazy to cook
- lunches from Ted’s at work (example)
- If I take the kids to McDonalds or for pizza
Now some of you may say that’s cheating but really David and I don’t go out to eat that much. We really don’t have the time. When we do go we usually have a gift card. But I will track all dinners out and let you know how much I spent when we do the final analysis on April 13th.
I decided that the easiest way to do this is, on payday Friday pull $200 cash from the ATM and keep it in a food only wallet. Physically seeing my cash go out for food will help control the foolish spending we all do! Only the hard cold cash that I had to the teller will count towards the $200.
- If I purchase $10.00 at Rite Aid and use $6.00 in ups rewards I only charge my Grocery $200 the $4.00 I gave the cashier.
Will my family be eating beans and rice for the next 12 weeks. nope. I will cook good balanced meals for my family. Maybe even share a recipe or two!!
Each week will post a FS {food Sucks} update as of (Date). It will include a break down of what I purchased that week, at which stores, any key savings, and the meals I plan to cook that week.
Wish me Luck!!