I then live on the rest.
Why no Budget?
For some reason, budgeting for my food shopping doesn’t remind me of the dark old days of debt but actually reminds me of my good old days as a university student, when I was balancing what I could spend on food with what I could spend on alcohol and going out! My student days still rank among the happiest of my life. I mentioned in No More Waffles’ blog that when I retire, I’d like to ‘live like a student’ again, ie be free to do what I wanted, with the world at my feet, only with a lot more money this time round and no living in mouldy student digs, haha!
According to my credit card statements from earlier this year (not counting the time my family were over), I was spending on average £40 per week on groceries. That’s a lot for one person, especially as Laura at No More Spending spends only around £200 a month and she’s feeding a family! Although I guess alcohol probably pushed the costs of my shopping up.
I’ve never been one to waste much of what I buy, I use the freezer a lot to manage my meals and dislike throwing away food – but spending £40 just shows that I’m obviously not shopping as smartly as I should.
I thought I’d track my supermarket shopping in October, so that I could work out what an average weekly spend should be for me. I was also going to shop carefully, making a shopping list for what was needed each trip, cut down on the snacks and cut out the alcohol (I have my homebrew now of course!).
My shopping will be for all my meals at home and the packed lunches I take to work, plus the usual household stuff.
Total Oct – £109.59
Average per week – £21.92
Of the £109.59, 25% was spent on meat or fish, while 20% was spent on fruit and veg, which doesn’t sound too bad, but maybe it should be the other way round. 16% was spent on dairy products but I still spent 11% on snacks – I think I can cut down here.
October happened to be a month when I didn’t need to replace things like washing liquids, cleaning products etc so on those occasions, I’m likely to go over my average spend. In order to account for that, I think I’m going to try aim for a budget of £25 per week, or rather £100 over 4 weeks – see how that goes for a few months.
In theory, saving on my shopping should make it more feasible for me to get a 50% savings rate or more….let’s see if this actually happens!