My Food Expense Analysis

After one week of documenting what I spent on supermarket trips, convenience store stops, restaurants and fast food meals, my one-week food expense journal is complete. Here’s my analysis chart:

WeeklySpending

In one week, I spent $159 on food. I spent the least amount of money on fast food (10%). I guess that’s a good thing because I’ve heard it’s not all that healthy (ha). It’s also cheap, so it makes sense that fast food comprises the smallest category of my spending.

Next came supermarket spending (23%). Going forward, I’d like to see a higher percent spent on cost-efficient supermarket shopping than on restaurants and convenience stores.

At convenience stores you pay for just that – convenience. I’m sure this category (25%) was made up of my least cost-efficient choices. Finally, restaurants take first place in my spending experiment at 42% of my weekly food food budget (or lack thereof)! This probably has a lot to do with the higher cost of restaurant meals in general, combined with the need to tip, and perhaps my frequenting them too often.

But what’s a foodie to do? I won’t give up dining out. Homemade is great, but it doesn’t eliminate the need (ok, desire) for professionally prepared and served meals. Restaurant coupons and discounts are out there, but often hard to find right when you need them and where you need them. Websites like cravor.com make it easier. For instance, instead of paying full price two nights ago at Cheesecake Factory, I could have had Cravor search the web for deals at this chain.

So, that’s one of my goals: use more restaurant deals. Another goal is to cook more and become supermarket savvy. Over the next few weeks I’ll work on revamping my spending habits. I’ll check in with stories, recipes, and tips for dining for less. One thing I know is: I’m going to keep craving, but hopefully I’ll start saving! See you soon…

Foodeloo!

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