Posted by Madison on April 24, 2013
I recently discovered that some of my friends feel like their grocery budget is out of control. We went around the room and shared our monthly grocery budget. We are all families of 5. Their monthly grocery budgets are $800, and well over $1,200. I shared that ours on average is $585 a month, but much lower when I grocery shop only once a month.
Grocery Budget Challenge
I decided to challenge both families to cutting down their grocery budget during the month of May. Each family is going to work on cutting their budget by 15% of the total amount they spend in April.
To knock off the first 6% of the bill, I shared that I use the Blue Cash Preferred Card from American Express for 6% cash back on groceries. While it does have an annual fee, it has a $150 sign up bonus that more than covers the fee.
How to Trim Your Grocery Budget
To get you started on ways to trim your grocery bill, here is a collection of grocery savings tips we have written over the years, including coupons, books, and various resources:
Join the Challenge
Want to join in the challenge? Share your total spending on groceries during the month of April. Then, keep track of your grocery spending during the month of May and see if you can trim it by 15%!
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It might have been mentioned before, but asian/ethnic stores are generally cheaper than regular grocery chains like Safeway and luckys. The vegetables may not be perfect in shape and color, but they are worth the money. I usually get milk,bread and eggs from Costco, veggies from Indian stores and miscellaneous stuff like baking needs etc from regular grocery shops.
For our family of 5 we spend $250 per month. We do not eat a lot of processed or canned food and we are not vegetarians. I don’t think I can trim anything else from my budget.
My grocery budget is 340 for just me, which seems high to most people, but I buy really healthy stuff, and since I don’t go crazy in other areas, I’m OK with it. I kept trying to knock $10 here and $10 there, but it always seems to be the same. hmmm