![]() Preferably unhealthy food first, then healthier food if there’s room to improve. This could easily cut 50% off some items such as rice and pasta. On certain items that don’t spoil quickly, it’s important to buy as much as you can at once to save money. ![]() Here are some tips to help achieve reducing your food budget. You might think that you could never get to those numbers, but you can. You might be thinking that the numbers given above are quite low, and they can be depending on your location and caloric needs, but it’s what you should strive for. Anything over 20% and you will be in a serious financial hole in no time. Location can affect food costs greatly.įor families, this 10% holds true for the total family income, with an additional 1.5% per kid, up to a maximum of 20%. Ideally, something like 4-5% should be adequate depending on your income and location. In general, a max of 10% of your monthly pre-tax income should be spent on food for 1 person. As a result, many families or individuals could save drastic amounts of money through proper budgeting of food.įor individuals, this is a little easier to calculate. Average Groceries Cost Per Month Calculatorįood can be a very expensive monthly bill in many households, especially for those with large families.Rent Budget Calculator – How much should I spend on rent?.The calculator will display your yearly and monthly food budget range. ![]() Enter your annual income and the number of people you need to feed into the food budget calculator.
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