The best tips from budgeting and cooking experts who know how to make food spending more manageable.
Like many shoppers, I’ve noticed my grocery bill getting bigger each week: February food prices were 7.9% higher than they were a year ago, according to the U.S. Department of Agriculture’s Economic Research Service. To compensate for my family’s busy spring schedule, I’d also been turning to shortcuts like prepackaged snacks and meal kits, which further added to our total bill.Like many shoppers, I’ve noticed my grocery bill getting bigger each week: February food prices were 7.
Control what you can While so much about the economy can feel completely outside of our control, including rising interest rates, inflation and supply chain challenges, our food spending is actually one area where we hold a lot of sway, says Erin Lowell, a Bowdoin, Maine-based lead educator at You Need a Budget, a budgeting app.
Plan your meals “When people are overspending on food, it’s almost always because they’re eating out too often,” says Jake Cousineau, a personal finance teacher in Thousand Oaks, California, and the author of “How to Adult: Personal Finance for the Real World.” He says planning ahead is key to combating the temptation to order takeout at the last minute.
Also on MarketWatch: Former cook gets 10 years in prison for fishy scheme involving theft of $830K worth of lobster, shrimp and ribeye
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