Your biggest monthly expenses will be housing, transportation, and food. If you’re American, you can throw healthcare in there too.
Today I will focus on food.
In 2013, the average American family spent $330 a month on groceries. That’s roughly 4,000 a year.
If you’re like me, you only have to worry about feeding yourself. This makes it a lot easier to cut down on your grocery bill. How much should a single person spend each month on groceries?
The early retirement extremist suggest $50-75 per month.
At first glance this seems impossible. A few days ago I spent $50 on groceries that will hopefully last me two weeks. Not a good start.
When it comes to food I don’t think I’m ready to go that extreme. Trying to stay on a low carb diet means eating lots of meat and nuts, and that’s not always cheap. I’ll spend a little extra on food even if it means delaying financial independence a bit. I think it’s important, and there’s no way I’m going vegetarian.
However, if you’re vegetarian/vegan you have the advantage when it comes to cutting your grocery bill. Of course, everyone should be eating vegetables & fruits no matter what diet they’re on. Vegetables & fruits should be a stable for the aspiring financially independents because they’re cheap and filled with essential nutrients.
Some vegetables & fruits are better than others. When you’re trying to maintain a monthly grocery budget, especially one as extreme as $50-75 per month you want vegetables & fruits that will last.
Here are a few vegetables & fruits that will last for up to a month and sometimes longer if stored correctly:
1. Carrots – You can find a bag of carrots for under a $1. Carrots improve eyesight, regulate blood sugar levels, lower blood pressure, and improve immune system.
2. Cabbage – Under a $1 as well. Cabbage is great source of vitamin K, C, and B6.
3. Sweet Potatoes – The average sweet potato costs $0.50 per pound. Sweet potatoes are a great source for vitamin A, C, and B6. They also have less carbs than regular potatoes, and taste better.
4. Onions – They basically will throw onions at you in the grocery store. You could probably dig them up in your backyard now. They make every meal taste just a little better.
5. Apples – Will cost you $1 per pound. A perfect dessert. Apples are shown to reduce risk of hypertension, diabetes, and heart disease.
6. Garlic – A full bulb will be under a $1. Garlic is a cheat code to make every meal taste somewhat decent. It can also combat sickness.
7. Lemons – Yet another item thats under a dollar. Lemons may be one of the healthiest foods on the planet doing everything from restoring your pH levels to fighting cancer. Put a slice in your water bottle.
8. Celery – This one may set you back a whopping $2 per bundle. A great source for antioxidants.
Put these on your grocery list and you can’t go wrong. They’re cheap, healthy, and will last you for at least a month.
* Some of these items are high in carbs like sweet potatoes and apples. If you have been following my blog you will know that I’ve talked a lot about a ketogenic diet. If you’re trying to remain strictly keto eating some of these things aren’t for you but if you’re just practicing a low carb diet than you’ll be fine unless you’re eating an entire bag of apples a day.