The grocery budget for 1 varies from $172– $358 per month.Ī family of five spends around $1,060 on groceries per month.Ĭreating a 50/30/20 budget will prevent you from overspending money on groceries. Key Takeaways The average amount of money spent on food per month is $386.92 Instead of helping people save money when grocery shopping, supermarkets are interested in making them spend more money than planned. If you’re careful enough with your meal planning, you could make delicious meals that will last all week, while still within the budget.ĭid You Know : The reason most people overspend on groceries is that supermarkets want them to. To avoid impulsive shopping, you can print off a budget grocery list and strictly follow it for the things to buy when you decide on eating at home or having your groceries delivered to your house.Ī popular strategy when planning grocery shopping on a budget is to plan your meals in advance, which will help you stay within your budget and avoid buying unnecessary items. Make a Grocery List Before Going to the Supermarket.Start with these simple, yet very effective strategies: If you’re careful with your grocery spending, you could end up saving hundreds of dollars on groceries. You could even implement the cash envelope system, which helps keep your budget divided in categories. If you know your household’s average food cost per month, you’ll easily create your monthly groceries budget. If that’s not enough, make adjustments to your wants category. To create the perfect budget plan, you should subtract 50% of your income, then subtract your needs, and see what you have left for your monthly groceries. Within it, you spend 50% on your needs, 30% on your wants, and 20% on your savings.
A budget trick that will certainly work is the 50/30/20 budget. One way you could stop overspending money on things you don’t need is by setting up a budget.
“How much should I spend on groceries?” is the question most asked, and to it there’s no definitive answer. That’s why you need to think of ways to prevent spending more money than you should on your groceries. That way, you’ll end up buying a bunch of stuff you don’t need at the time, or throwing away a lot of perishable items (meat, dairy, baked goods, and produce) simply because you bought them, but didn’t use them before the expiry date. And without knowing your average food cost per month, you can get carried away, especially if you’re out buying on an empty stomach. Not having set a budget for your monthly groceries can be a bit tricky, leaving you with the temptation to visit the grocery store every time you pass by it.
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See Also Average Food Cost per Month in 2022 | Balancing Everything How to Plan a Grocery Budget for 2 - Budgetry Study: Average Grocery Bill for 2 What is the Average Cost of Food Per Person in Canada?ĭid you know: The United States Department of Agriculture (USDA ) has set out monthly food plans as guidance when going grocery shopping, with a calculated monthly average cost for groceries at four different cost levels. The food prices are not the same in every state-for instance, the total amount people in Atlanta would spend on groceries is $314, whereas in Seattle the same groceries would cost around $500. Whenever you stumble upon the question “how much does one person spend on groceries a month,” you’ll need to keep location in mind as one of the factors influencing this. The figure can vary significantly based on location, income bracket, and the number of people in the household. However, this is only the average spending price determined by the BLS-in real life, the price for monthly grocery shopping will certainly exceed the average spending price. This data was gathered based on the groceries people spend the most money on, such as dairy products, meat, fruits and vegetables, fish, eggs, and bakery products, to name a few.
We’ll also explore some of the factors that contribute to these differences, so keep reading to learn more!Īccording to the Bureau of Labor Statistics, the average spending on food is about $386.92 per month for one household living in the US. In this article, we’ll take a look at the average cost of groceries per month in the United States broken down by state and income bracket. Although groceries are a necessary expense, what may surprise you is just how much people spend on food each month.
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