How much money should you really be spending on groceries"
If your family is anything like mine, food is one of the biggest line items in the monthly budget?and that doesn?t include things like takeout or restaurant outings for a bit of quick respite from the daily grind of meal prep.
Day in, day out, we end up buying (and eating) a lot of food. According to Statistics Canada, the average Canadian household spends just over $500 a month at the grocery store?depending on which city or region you live in, however, that number could be a lot higher. One question I get asked a lot is: How much is too much to spend on groceries every month?and is there a guideline to help build a realistic budget"Â
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15 ways to save money on just about everything
The Credit Counselling Society, a non-profit debt counselling service in Vancouver, has a guideline: They suggest people budget 10 to 20 percent of gross income at the grocery store. So, if you?re bringing home $70,000 a year, your bill should top out between $583 and $1166 a month. (Note: that figure doesn?t include eating out.)
Depending on how big your family is, it could be challenging to stretch that budget. But there are ways to bring down your grocery bill. All you need is a bit of extra time, a calculator and a few good recipes to pull it al...
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