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3 Are you spending too much on food, trying to figure out how much you should spend on food, or trying to calculate your family’s monthly food budget.

How to Calculate Your Family’s Monthly Food Budget

Are you spending too much on food? Or maybe, you are still trying to figure out how much you should spend on food. Or maybe, you are still trying to calculate your family’s monthly food budget.

Creating a food budget is imperative to maintaining a healthy overall budget in your household. If you want to create the ideal food budget for a family of four, check out these tips to see how you should go about it.

To start out, you need to sit down and look at your family’s monthly budget; what income you have coming in each month and what expenses you have each month. Next figure out how much you have been spending every month on groceries. Have you been spending too much? Taking your newfound budget into consideration, think about how much you can afford to spend and create your family’s new grocery budget from that.

For more specific budget standards, check out the USDA’s cost of food tables. Each month they take into consideration an updated cost of food and create standard budget guides.

For example A family of four, with two adults and two kids between 6-11 years old could estimate a budget of $180 week (average) on a “low-cost” option and $240 on a “moderate-cost” plan. That same family can get ultra-thrifty and spend an average of $140 for all meals but that would take some planning for sure. Check out our budget-friendly 6-week plan.

Now that you know the amount that you have budgeted, it is time to create a meal plan based on your family of four. It’s important to create the meal plan and even more important is that you follow that meal plan. Creating meals outside of your menu, you will often find yourself going over your budget since you have to make extra shopping trips, etc.

Related: The $50/week Dinner Meal Plan

At the point that you have figured out your food budget, you can try it out for the first month and then decide if any adjustments can be made to make your budget better. You can do this by doing a food audit of your household. This means that you ask yourself a couple of questions such as:

  • How many meals are we eating out?
  • How many of those meals can be eaten at home?
  • Do we have a lot of unused leftovers?
  • Do we have a freezer full of food that is not being eaten?
  • Is there anything that we are buying, but not using? Could we cut these out of the budget to save?

After assessing how many meals you might be eating out that could be replaced with a homemade meal, you’ll need to add some of the dining-out funds towards the grocery budget. Typically, for every $10 spent on dining out, you allocate $5 to the grocery budget and save the other $5.

It will take some trial and error, but once you get your food budget created and you follow it, you will see how much money you can save and, surprisingly, how much better you will be eating.

2 Real Food on A Budget {Podcast}

Do you want to feed your family real food?  Are you concerned that it’s too expensive and you can’t afford it?  If you find your weekly grocery trips are way more expensive than you woul like them to be then this podcast is for you!  You will learn how to eat and buy real food on a budget that the whole family will love.

Listen to the podcast “Real Food on a Budget” at iTunes & Stitcher

Real, fresh foods don’t have to break the bank.  I know sometimes grocery shopping can be overwhelming, especially when you see the price of certain items.  You should always go to the grocery with a plan.  Make a list of all the meals you will be eating for the week, then make a list of what you will need from the grocery – this is so important if you are on a budget.

In this podcast we discuss how feeding your family fresh foods doesn’t have to be expensive. You’ll hear lots of real-life tips to keep your shopping simple and on a budget. I know grocery shopping isn’t most people’s favorite thing to do, especially because it can be so expensive, but we have some great things to share with you! We talk about what a good food budget should be, meal organization, couponing and much more!

Podcast Content:

  • How much should a family spend on food each week? ·
  • To coupon or not to coupon. That is the money-saving question. ·
  • Organizing meals to keep weekly plan within a budget. ·
  • Meat. Is it the most expensive thing on the food budget? Ways to save. ·
  • Other than meat, what are other affordable forms of protein?

Did you enjoy the show? Please leave a review on iTunes! E-mail me at podcast@momables.com to tell me what you thought of this week’s show and to offer suggestions for future episodes.