How Much Your Monthly Grocery Budget Should Be

|
Advertisement

If you’re trying to save money on food, then one of the best ways to do that is to create a budget.

Mint, a budget tracking app, has come up with a food budget calculator to help you gauge how much you should be spending on groceries.

Try This Free Grocery Budget Calculator

For guidance, Mint used the U.S. Department of Agriculture’s (USDA) monthly food plan, which outlines nutritious meals at different cost levels based on dietary recommendations.

Grocery budget calculator

The calculator will prompt you to enter the following data:

  • Number of members in your household
  • Age of each household member
  • Gluten-free or meatless dietary needs for each household member
  • Number of meals each household member eats out (or orders from takeout) each week

After you enter the information, you’ll be shown two amounts that make up a moderate grocery budget:

  • A weekly grocery cost
  • A monthly grocery cost

To see other cost outcomes, Mint’s grocery budget calculator allows you to choose different lifestyles including “Thrifty,” “Cost-Conscious” and “Generous.”

Try Mint’s food budget calculator here.

How Much Should Your Monthly Grocery Budget Be?

Here is a chart from Mint that shows the monthly grocery budget it suggests. Compare the chart below to the total you got using the grocery budget calculator.

Family Size Suggested Monthly Budget
1 Person $251
2 People $553
3 People $722
4 People $892

When I put my information into the calculator, it said that my household should spend around $522 a month on food. That’s pretty good, considering that it’s a little cheaper than what the table suggests for a two people.

Advertisement

What about you? Is the monthly grocery budget for your family size higher than the amount listed above? If so, here are some ways you can save:

  1. Look for promotions on daily deals and coupon code sites.
  2. Choose store brand items over name brands.
  3. Download grocery apps that offer cash back on purchases.

For more tips, check out Team Clark’s guide to save money on groceries.

More Ways to Save From Clark.com:



Advertisement
Welcome bonuses can be a great way to boost the value of a credit card. Best Credit Card Signup Bonuses for 2021 - If you're in the market for a new credit card, you may be hoping to cash in on the hundreds of dollars in signup bonuses offered to new customers. Signup bonuses and offers are a marketing tool that credit card…
The best cell phone plans include Tello, Mint Mobile, Visible, T-Mobile, Consumer Cellular and more Best Cell Phone Plans and Deals in 2021 - Team Clark ranks the best cell phone plans and deals! See our favorites for unlimited data, families and cheap plans starting at $10/month.
Clark Deals
  • Show Comments Hide Comments