top of page

How To Budget For Groceries

Woman shopping for grceries

Budgeting for groceries could be as easy as looking at your past food purchases. However, it's not always that easy when you are in a single-income household, or your family's age varies significantly. Here are a couple of ways to develop your grocery budget and get your family involved in monthly meal planning.

As an advertiser, this post may contain affiliate links.

Developing Your Budget

When developing your budget, you should consider your monthly income, expenses, savings, and the amount you can dedicate towards items such as groceries. There are a couple of budgeting rules of thumb such as the 50/30/20 rule or the 70/20/10 rule of thumb. The first rule is 50% of your income towards needs, 30% towards wants, and 20% towards savings. Groceries are needed, so this would fall in that first category when evaluating your monthly expenses. You should also consider the household members' size, age, and gender to estimate what everyone will eat weekly or monthly.

Monthly Food Plans

The U.S. Department of Agriculture publishes monthly food reports that can be used to help you budget for groceries. The food levels are listed as thrifty, low cost, moderate cost, and liberal.

According to the food plan, if you're a family of four, have two teenagers and two parents, and you're budget