“31 Days to Financial Independence” is an ongoing series that appears every Thursday on The Simple Dollar. You might want to start this series from the beginning!”
Last time, we started looking at the average American family budget, going through each category and examining how one could trim the cost of typical expenses in that category.
Today, we’re going to take a look at food spending. As you can see from the budget above, the average American family spends $6,602 per year on food. That averages out to $550 per month. Remember, however, that this “average American family” includes single adults, married couples without children, and families with children, too. In other words, a single person is probably coming in below that, whereas a large family (like ours) is probably coming in above that.
