Average food cost per month for one person

In this article, I'll explain how to budget, how to live on a budget, as well as what is the cost of living. If you are budgeting for yourself only or budgeting for a family, knowing how to budget for food is important because the cost of groceries has increased dramatically in 2011 as has the average cost of electricity. The cost of living in 2011 has skyrocketed according to the U.S. Census Bureau. The average living cost is much higher today than it was five years ago due to inflation. Practicing good budgeting skills and knowing how to cover the cost of living in today's world is critical. A major part of your budget should consist of food cost. Buying food on a budget is easy if you understand how to budget for food. The cost of groceries plays a major role in personal finance success.

So what is the average cost of living per household?

The cost for living per household varies because the groceries average varies from household to household. The average cost of groceries and average cost of food will depend on the number of fast food meals you consume each month. How much you spend per meal is a factor of the grocery bill each month. Although there is an average price for groceries, the average food cost per month for one person will greatly depend on the amount of food the person consumes each month just as the cost for electricity per month average per person depends on electricity consumption. To determine the cost for food per person, divide the grocery bill by the number of people in the household.

The cost of food per month for one person on average can be much higher than the average food cost for family of 4 if you don't understand how to meal plan on a budget. That is how to purchase food on a budget that you have created. The cost of living for a family of 4 may be much higher than the cost of living for a single person but if you compare the average cost of living for a family of 4 which budgets food costs, and the average cost of living for a single person who does not budget food costs, you may be surprised at the comparison. The total cost of living for family of 4 most likely will be higher than the cost of living for an individual but the average cost of living for a family of 4 may be much lower than the average cost of living for one person.

Comparing the average food cost per month for one person in a family of four
Your monthly cost of groceries will depend on your eating habits, special diet, and preferences. The average food cost per person per month can be lowered if you understand your eating habits and preferences thoroughly. The average food cost per month per person for a family of 4 probably will be significantly lower than the average food cost per month for one person who does not budget for food. Let's say the average grocery bill for family of 4 is $800. The average grocery cost per month for each family member would be $200. By the way, the cost of groceries can vary greatly depending on where you live in the United States. Try meal planning for a month in order to lower the average food cost per month for each person if you are concerned about how much your monthly food bill is. Tracking the cost of meals will allow you to reduce your food cost average and ultimately, how to budget for food.

What is the average cost of living per person?

The cost of living statistics in the United States has been increasing at an alarming rate for the past five years. The average cost of shoes, clothing, electricity, and food has increased substantially. The cost of living in the USA has increased disproportionately to the average cost of living in most other countries. Your monthly spending will depend on the average food price and average apartment price where you live. The average cost of rent in your area may be much lower than the average cost of rent in other areas.

Knowing how to budget for groceries is more complex than knowing the average apartment cost. Buying groceries on a budget requires in depth knowledge of the cost per meal you plan on preparing for yourself or your family. It is extremely important that you know the average cost of food in order not to pay too much for groceries. Your average food cost will depend on where you live and the types of groceries you buy. This is different than say the average cost of electricity because food is so diverse. The average food bill or the cost for food for a month should begin with the month meal plan.

The average family cost of living requires careful budgeting for food in order to control grocery spending. The total food bill for a family of 4 or for a family of 1 can be reduced sharply if each meal is planned and budgeted. This will go a long way toward lowering the average living cost as well.

How to lower your average cost of food per person: How to budgeting

Knowing how to meal plan and buy food on a budget can greatly reduce your cost of living per month. Meal planning on a budget can lower the average cost of food for a month because you become a better shopper each time you take your list to the grocery store. You can also reduce your cost of electricity per month by knowing exactly what meals you will prepare and when you will prepare them. Sit down and plan what meals you will prepare every day for the month. Include breakfast, lunch, dinner, snacks, deserts, and beverages. Once you have created your meal plan for a month, you can next determine the food cost per month. Take your meal list to the grocery store and write down the prices of every item on your list. It's important to write down the costs for food items even if you aren't planning on buying the particular grocery item at that time.

Divide the total amount for the groceries by the number of people in the household in order to get the average food cost per month for each person in order to determine the average food cost per person. If you want to lower the average food cost per person which will reduce your average living cost at the same time, revise your meal plan and cost of meals, clip more coupons, look for special prices, shop at different grocery stores and compare prices, and buy generic food items rather than name brand items.

Make Money with your Home Business/Small Business.

Dreaming of starting your very own home business? There are many reasons why people decide to start a small business. Maybe you want more money to pay the bills, save for childrens' college, buy a new home, buy a new car. Maybe you have a goal to retire in 10 years or less. The benefits include financial freedom, leverage, residual income, family values, tax incentives, personal growth, helping others, recognition, and leadership

However, starting a business in a recession to make money or Retire in 10 years or less may be frightening to many people, but not having an alternate source of income and becoming unemployed can be even scarier. Here is information to help you make money a home businesses that can prosper even more in a recession.

Starting a home business, including selecting the best products or services to sell can be a daunting task to say the least if you don't understand your market and what is needed. Fortunately, there is enough information readily available online to help you research business opportunities. Unfortunately, many of the business opportunities you come across are scams. A work at home business can be very satisfying or it can be a nightmare.

Working From Home Helping Baby Boomers.
It is vital to understand the needs of a particular market before committing yourself to a home business. You need to know certain things about the market you are going after if you want to be successful. Understanding the market size and scope, the market's spending power and spending characteristics and trends. One market that is popular is the Baby Boomer market. It consists of over 78 million people who are reaching retirement age. Many large companies have been targeting this market for years. These are people who were born between 1946 and 1964. Nearly 8,000 of these Baby Boomers turn sixty years old daily beginning in 2006. Those same people are now 63 years old.

What do you think is on their minds as a result of the stock market crash and the deep recession that has crippled this nation for the past 18 months? What do you think their major concern is now that over 2 trillion dollars has been lost in retirement accounts and 401(k)s?

What would you call a situation where 78 million people who are on the verge of retirement have lost a significant amount of their retirement savings, are facing rising unemployment rates, rising health care costs, and are living longer than past generations? Most people would call this a disaster. It's like the scene in the movie "Perfect Storm" where the meteorologist studying the weather graphics says "this could be a disaster of epic proportions. This could be the perfect storm."
That's exactly what 78 million Baby Boomers are faced with right now. Their greatest fear is that they will outlive their money. Can you imagine what life would be like in your late 60's with no money?

These people are desperately seeking financial solutions to their problem.
Some of the options available to them are:
• Work longer. Do you know what the problem with this option is?
• Get a part time job during retirement. Do you know what the problem with this option is?
• Get a reverse mortgage where they sell their home to a mortgage company at current value and receive monthly payments. Do you know what the problem with this option is?
• Buy annuities which will allow the person to receive payments for life. Do you know what the problem with this option is?
• Lower their standard of living. Essentially reduce expenses in their golden years. Do you know what the problem with this option is?
• Start a home-based business allowing them to make money from the comfort of their homes while taking advantage business tax deductions. Do you know what the problem with this option is? Most home businesses fail due to lack of support, training, and mentoring which leads to business failure within the first year. Many others are scams and do not offer any type of guarantee.

Ask yourself this question - at what age do most people plan to retire? Age 65 right? These people have 2 years to go. By the way, how soon do you want to retire? Do you want to retire in 10 years or less? How concerned are you about having enough money to retire? Not having enough money to retire is what over 78 million people are concerned about right now. As a matter of fact, according to a recent survey conducted by The National Association for Variable Annuities, 95% of Americans fear they will run out of money during retirement. Again approximately 2 trillion dollars were lost in Americans' retirement accounts over the previous 18 months due to the recession. You will be successful if you start a home business that addresses the needs and solves the financial problems of over 78 million Baby Boomers.

This content is provided by James Riddle and may be used only in its entirety with all links included. James Riddle is providing hope to Americans by helping people prosper financially and get on the path to becoming wealthy through home-based business and work at home opportunities.

Visit www.imnotbrokeanymore.com for more information.

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