#99 It's No Big Secret

While we are on the topic of food. 

Have you ever wondered exactly how much money you spend on food every year?

In 2017 up until October 3, my wife and I have spent exactly $7,930.73. That's $28.73 per day or $14.37 per person per day.

(2016: $10,857.04) ..... (2015: $10,882.52) ..... (2014: $11,221.98) ..... (2013: $9,756.55)

We are on track to end the year saving $1 per day on our food cost than in 2016. I don't feel any more hungry.

Food Cost Breakdown

 

You must have a way to save a dollar or two every day. Maybe it's that can of pop or bag of chips you buy from the vending machine. If you don't want to give up pop or chips, at least buy it in bulk from the grocery store. Your belly won't even notice the difference, but your wallet sure will. 

OUR BIGGEST SECRET

My wife and I will always make dinner for 4. Save half of what we make for lunch the next day. Cooking at home already saves us 75% of the cost of food. Carrying that habit over from dinner to lunch doubles the savings.

And if we eat out on a "work night" then we will bring our own Tupperware to pack half of the meal for the next day's lunch. Restaurants often serve oversized portions anyways. Don't feel obligated to finish what you are served, leave enough to pack a decent sized lunch for the next day. It's better for our waistlines, and better for our wallets.

Save Money Retire Early is written by Jon Lo, a barely 30 something Chartered Financial Analyst. I believe anyone can be rich or poor, it's what you save that makes the difference.

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