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At $14/hr every 2 weeks i just simply take $125 out of my check for food. If i cant pay a bill I cancel it next month. I take my nutrition before my tv, cell, computer games, whatever. If it gets too tight one day ill simply get a roomate and deal with it.
I spend about half of my discretionary funds on food.
Set : Housing, utilites, insurance, etc I can't do anything about
Discretionary: clothes, entertainment, gasoline, are up to me
I am on a very tight budget but that's how it is working for me
it depends how you work out your budgets but dianne have made some good points.i work my budget on first paying all the essentials off,rent/morgage,electricity,water,medical insurance and medicines(as i have three children with special needs and a cronically ill husband i think this is essential,you might not).car and insurance,penshion etc.after that what is left use roughly.
10%-telephone-computer-media products etc
5%-kids treats,an ice occasionally or a brezen when out.
65% food.-with the kids allergies etc i have to make everything from scratch and i try to buy the best quality with in my means.quality to me means more than quantity but every one is differant.
you can always elk out your budget with sale articles and coupons.hope this helps.
karen (gwyneth the celt for the pink vikings)
if at first you donīīt succeed,try try again.
start weight sp-270.4lbs
if i was worth my weight in gold i would be a millionair.my riches are measured by other standards and are worth far more than any gold.
we cant become what we need by remaining what we are.
Fear less, hope more; Eat less, chew more; Whine less, breathe more; Talk less, say more; Love mo
This is a tough one. I think it will (and should!) vary greatly. We only need to eat so much, so it makes sense that those with high incomes would spend a lower percentage of their money on food, while those with smaller budgets will spend a higher percentage on food and less money on some other things like vacations and travel.
I have heard that housing should be about 1/3 your budget.
Transportation can be 10 - 20%, however it all depends on where you need to go!
If you can walk or ride your bike most places, that will give you more money to spend on food.
I have seen estimates of 5 - 15% for food, and I have also seen 15-20% given.
The more we can spend on food, the more variety we can have.
OTOH, the less we spend on it, the more we have for other things. It is a trade-off.
The important thing is to get all our nutrients!
... and as little of the bad stuff as possible.
Having a garden helps too.
Bustin' that Bulge on a Budget!
"Be not afraid of going slowly; be afraid only of standing still." - Chinese proverb
I've been thinking that while I am working on physical health, I need to also work on fiscal health. We did a budget on spark savings, and I predicted that I spend way to much money on groceries. Does anyone know what a realistic percentage groceries should be of a budget?