QueenT said:I am trying to teach myself how to make & stick to a budget. I have so far been keeping track of how much we are spending. Now I need to know a good target amount. It would really help me out to get some baseline data from others who are actually able to budget effectively.
My food budget pays for all groceries, but not fast food or restaurants or school/work lunches (should it)?
I am supporting a family of 5.5, 3 adults, ds17, dd11, dgd 13 months (1/2 time).
I am operating on the premise that if I control my spending better, I will have more $$ for things I like to do, for example vacationing at WDW.
Well, for one thing, if you're looking for ways to save money, cut out the fast food and restaurant trips.
Our grocery budget is the one place that I really don't bother trying to trim any longer. We are just two adults and I spend anywhere for $700-$800 a month just on groceries (not including toiletries). We tend to eat out 3-4 times a month, and that is also not included in that figure.
The only way that I can see substanitally cutting back on our food budget would be to totally change our diet which we're not willing to do. Our health is the most important thing to us. Unfortunately, cutting way back on the food budget would mean eating mostly processed foods laden with empty calories, refined carbs, high frutcose corn syrup and trans fats. And we're just not willing to do that.
It's really tough to measure your food budget against another similar sized family's budget unless you know what they are eating from day to day.
I often see food budgets here for families with an additional 2 to 4 people who feed a family for literally 1/2 of what we spend on just two of us. I don't know how that's possible. I've tried to learn from those threads, because I'm always looking for ways to save money. But in the threads where folks give the recipes that go along with those frugal grocery budgets, well, the quality of what most of them are eating is not ideal. Yes, you can get five pounds of ground chuck on sale at BJs for next to nothing, and sure, it will make nearly 20 meat servings in some meal. But it's just awful for you. In the end, some things aren't worth the sacrifice.