I love budget math. This would have shocked the junior year me who stayed afloat in Algebra 2 by having a tutor and extra meeting hours with my teacher.
But (maybe) because my desire to do well for our family by budgeting, keeping us on track with our financial goals and continuing our debt free journey, I've come to love budgeting/household finances.
This includes budgeting for household items, groceries, etc. If you've been to the grocery store recently then you know grocery prices are rising. Bacon at Aldi has now reached above $4. We'll be having breakfast sausage for awhile.
So it's very easy for our household to question whether shopping at the grocery store is worth it with the price increases, or should we order take out a few times a week? Are those prices comparable?
I wanted to share our breakdown of price per meal and per serving for our family. Breaking the numbers down this way is so beneficial to staying on track with budgeting, even with adding $20/week for groceries.
We were sticking to $100/week to try and really cut costs while paying off debt and I shared a post about Shelf Cooking which you can find HERE. With the rising prices this just wasn't feasible and we often had to add in a second grocery store trip during the weekend to stock back up on a few things.
If you've had to add on extra funds to your grocery budget, you're not alone!
Even with $20 extra, the price per person to eat in our household is incredibly low--here's the breakdown.
Weekly grocery budget: $120.
Divided by 7 days/ week: $17.14/ day.
Divided by 3 people in our household: $5.71 per person per day.
Divided by 3 meals per day: $1.90.
So based on this math, each of us in our home eats $1.90/ meal. Much cheaper than eating out! And we eat well. We're not on a beans and rice diet in our home. We've learned to look for sales and stock up on meat when we can, but we eat nutritious and filling meals. This number shocked me and also shocked Josh when I shared it with him. Great perspective and also reassuring when having to add to your grocery fund.
I hope this is helpful!
With heart from our home,
Jordan
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