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If you don't allow it through your browser settings or if you select No (opt out) in the option below, you will receive less personalized advertising from our partners. We recognize the global privacy controls enabled by the browser and clearing the cookie cache will not affect this setting if enabled. Select a product to get started. Everyone needs food, but how much should an individual or household spend on groceries each month? Food is one of the biggest expenses for Americans, so it's important to plan ahead and budget accordingly in order to save money. Inflation can have a big effect on food prices, making it difficult to stay within a budget and reduce costs.
Over the past year, food prices have increased by 10.8%, with some items such as meat, poultry and eggs increasing by 14.3%. The amount that an individual or family spends on food each month depends on several factors including age, gender, number of people living in the household, monthly budget and region in which they live. It's important to remember that this average does not include meals eaten out - this should be budgeted separately as it usually costs more than cooking at home. The USDA recommends spending 4% to 5% of your monthly budget going out to dinner. To save money when eating out look for discounts and loyalty programs for local restaurants or pick up food instead of having it delivered. If you feel like you're spending too much on groceries each month there are some tips that can help reduce your grocery bill: allocate funds in a monthly budget planner; make a plan for what to buy; create meal plans; use shopping lists; take advantage of apps and discount coupons; avoid impulse purchases; shop on sales days; and don't shop when hungry. Meal kit services can also be helpful as they provide pre-portioned meals which can help reduce waste - however shipping fees and tips can add up so make sure these are included in your monthly budget. It can be easy to fall into a pattern of buying at a certain grocery store because of convenience but shopping around can help save money - compare prices online or look for store loyalty programs. By following these tips it is possible to reduce your monthly grocery bill without sacrificing quality or nutrition.
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