It's difficult to see the long-term effect of saving money at the grocery store. Here are a few different scenarios to show you what a HUGE difference your savings can make:
#1. A single adult
Grocery Budget: $150/month
Dining out Budget: $75/month
If you just saved 20% on your groceries per month and used discounted gift certificates from restaurant.com or other types of coupons when dining out, you could save $30/month on groceries and $30/month when dining out. That's $60/month x 12 months per year.
That's $720 per year!!!
Now imagine that you get your grocery savings up to 30%. That's $45/month savings on groceries, and $30/month on dining out. That's $75/month x 12 months per year.
That's $900 per year!!!
#2. A married couple
Grocery Budget: $250/month
Dining out Budget: $150/month
If you just saved 20% on your groceries per month and used discounted gift certificates from restaurant.com or other types of coupons when dining out, you could save $50/month on groceries and $60/month when dining out. That's $110/month x 12 months per year.
That's $1,320 per year!!!
Now imagine that you get your grocery savings up to 30%. That's $75/month savings on groceries, and $60/month on dining out. That's $135/month x 12 months per year.
That's $1,620 per year!!!
$3. Family of 4
Grocery Budget: $500/month
Dining out Budget: $300/month
If you just saved 20% on your groceries per month and used discounted gift certificates from restaurant.com or other types of coupons when dining out, you could save $100/month on groceries and $120/month when dining out. That's $220/month x 12 months per year.
That's $2,640 per year!!!
Now imagine that you get your grocery savings up to 30%. That's $150/month savings on groceries, and $120/month on dining out. That's $270/month x 12 months per year.
That's $3,240 per year!!!
Get your grocery savings up to 35-45% and the savings will go up even more. This is serious cash, people!!
$3,300... that's a family vacation!!
This is equivalent to additional income.
To go one step further,
saving $1,000 over the course of the year on groceries is like making an additional $1,250 at work.
Due to taxes, you would have to earn $1,250 to bring home $1,000.
See, it takes no time to save a dime.
To go one step further,
saving $1,000 over the course of the year on groceries is like making an additional $1,250 at work.
Due to taxes, you would have to earn $1,250 to bring home $1,000.
See, it takes no time to save a dime.
xoxo
Lauren and Jenna
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