Can you say entertainment, recreation and groceries?
The first two categories present less of a challenge as most of the things that fall into those categories aren't really necessities. We can cut things and significantly reduce the amount of spending that falls into those areas. Sure, I like to race a lot, all over the country, but do I need to? No. I'll have to learn to live without it for now.
Groceries, on the other hand, are kind of crucial. I'm feeding three growing children, an endurance athlete and a budding runner, who happens to be a 6'7" man. Needless to say, we go through our fair share of food. And it ain't cheap.
We currently spend in the neighborhood of $900 a month to feed our family and stock our home with household goods (i.e. toilet paper, paper towels, laundry detergent, etc.). I am looking to cut that down to $750 a month, with $650 allotted to food and $100 allotted to household goods. That's a pretty big cut and I'm not really sure how to go about it.
- We already use coupons. Although, most of our food is perishable and thus, hard to get a coupon for.
- We already "shop around" to a certain extent to find the best prices.
- We are not willing to have a diet consisting of mainly processed foods.
- We don't purchase any meat.
- We almost NEVER have food waste.