Monthly Money Reports, Saving Money

Monthly Grocery Spending Report – The Beginning

Like most of you, a large part of my monthly budget goes towards food, a very large part! And if I ever want to reach financial freedom by 55, I really need to get that number under control, so I decided to report my monthly grocery spending on this blog. By sharing the detail of my spending with all of you, I am hoping to get extra motivated (or shamed!).  At first, I wasn’t sure I would actually put the real number down because it is so high compared to numbers I have come across on various blogs, but what is the point if I don’t give accurate information?

Some background information:

  • Family of 5 (all considered adults since my minions are older), two cats & a dog.
  • Groceries are for all meals except for one dinner.
  • We have 10 to 14 people over for dinner on Sundays (yes EVERY Sundays!).
  • We usually go to Costco for most of our weekly groceries and an extra stop at our local grocery store/market for what we couldn’t get there. Every few weeks we load up at Walmart (pasta, gluten free stuff and other items we don’t get at Costco).
  • One of my minions is Celiac so we buy gluten free products. Most of our meals are made from scratch with fresh meat and veggies so they are already gluten free but we still need flour, gluten free bread, some snacks.

Now for our current spending (drum roll)

Our current average grocery bill is around $280….a WEEK or 1,200/month!!!  I know! I know! Don’t judge! Not yet anyway. I dreaded putting the number down, I know it is WAYYYY too high.

But this ends here!  NOW! I am going to slash that budget by 22% ($60/week) by the end of the year and that is all there is to it (yes I know it is still high but we have to start somewhere). There is no turning back (sounds so final). Starting now, I will keep track of our grocery spending by category and will report our progress on this blog, on a monthly basis. Here are the categories I have come up with:

·         Meat/Fish (also includes lunch meat)
·         Produce (Fruits & vegetables)
·         Beverages (coffee, tea, juice…)
·         Bread/Bakery (Bagels, pita bread, baguette, muffins)
·         Canned/Jarred Good (Spaghetti sauce, canned corn…)
·         Dairy, cheese & eggs (butter, milk, cream, tofu…)
·         Dry/Baking goods (pasta, rice, flour, sugar, spices…)
·         Frozen Foods (Peas, pizza, frozen meals…)
·         Snacks & crackers (Cereal bars, chocolate, candies, chips…)
·         Breakfast food (Cereal, peanut butter, jam…)
·         Oils, Sauces, Salad Dressing & Condiments (ketchup, mustard, pickles, soya sauce…)
·         Household goods (all-purpose cleaner, laundry detergent, paper towels, toilet paper, foil, sandwich bags, recycle kitchen bags…)

·        Personal Care items (toothpaste, shampoo…)
·         Pet items (Dog & cat food, treats, cat litter)

How about you? Are you spending too much on groceries? Do you feel it may be time to get it under control? Join me by tracking your own spending.

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