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Food Spending Recap

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Food spending has always been a bit of a struggle for us. Last month, I really set my mind to tightening up our budget and documenting our weekly spending to help keep me accountable.

Check out previous updates:

–Week 1 spending report

–Week 2 spending report

–Week 3 spending report

I ended up traveling during Week 4 and never finished the month up with a proper Food Spending Report.

As a reminder, I had originally planned to spend $300 for restaurants/eating out and $450 for groceries. But when I started using Every Dollar’s budgeting software, I realized I was still spending too much money on food! I ended up lowering my food budget down to $200 for restaurants/eating out and $350 for groceries.

When I’d last left off (in Week 3), I had $98 left in our grocery budget, but I had no money leftover at all for any restaurants/eating out expenses.

April Spending

In the end, I came SO.SO. close to hitting our goals, but went just a smudge above-budget. Our final food spending for the month of April came to $404 in groceries and $217 in restaurants/eating out. That was $71 above budget (but still well below what has become our average food spending). One caveat is that we also had Dream Dinners in April, which cost another $250 on food. Our total April food spending came to $871. The previous month, our bill had been over $1,000 so this represents progress but it’s still nowhere near where we need to be. I want to get our total food spending down to $700/month (combined restaurants and groceries).

Plan for May

For the month of May, we have no Dream Dinners. I increased our grocery budget to $450 in an effort to subsidize some of the loss of not having Dream Dinners. I increased our restaurant/eating out budget to $250. That’s a total of $700 for the month in food. I know this is still a crazy-high number for many others, but it’s a STRUGGLE for us and leaves us with eating many interesting and not-so-palatable food options just to use up what we’ve got. It’s been tough, but I think it’s good for us. And with this month already over the half-way point, I can say we’re currently on-par with where we need to be.  As the summer begins and I get to spend more time working from home I anticipate a more relaxed and flexible work schedule. Hopefully this will allow me extra time to do my due diligence with meal planning, sales ad shopping, food prep, etc. Wish me luck!

How many people are in your family and what is your current food budget per week (or per month)?

p.s. Incidentally, I found a great article on what proteins you should buy if you’re short on cash. Its over at my friend Angela’s site, groceryshrink.com.

Great News and Advice Needed

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I found out yesterday that the unemployment audit has been decided in my favor! Win!

I will receive 14 weeks of unemployment benefits. I will also be offered COBRA insurance and anything else that employees receive when they are let go.  Details to come once I know them.

That being said, there are still some processes the Department of Labor must go through to finalize everything. I don’t have a timeline for when I will receive any money, but it will be a bulk payment since my 14 weeks have past.

My closest guess is that I will receive $330 per week x 14 weeks = $4,620.*

Advice Needed

How do I allocate the money? Do I focus on debt? Do I focus on getting ahead on monthly obligations?

My thoughts have run the gamut. But here are what I’m leaning toward as my priorities:

  • Get ahead one month on the monthly obligations.
  • Budget $x toward business expenses, specifically to join the local Chamber of Commerce ($190,) print up some post card sized flyers to hand out as I network and place a couple of ads in the local newspaper ($66 per week.)
  • Put $400 in a slush fund for the summer.
  • Pay down debt?

To be fully informed, I have just under enough to cover the deficit left by my limited income for two more months. I would like to leave it intact. That is the reason why I have not designated any money towards savings in my plan.

So tell me, what are your thoughts? I am listening and wide open. Getting a plan in place before I have the money in hand will make all the difference.

*I have requested that taxes be taken out of the unemployment benefit payout. I’m not sure what rate that will be.

Just a sidenote…I have worked out a barter with Princess’ travel volleyball team for next season. I will be taking over their website and communications in exchange for all fees including tournament, training and uniform costs!  Travel volleyball will only cost us travel costs next season! Woot, woot!