Making the rounds in my social media sphere this week is The Secret Shame of Middle-Class Americans, an article by Neal Gabler published in The Atlantic. The provocative subtitle reveals the shameful secret: “Nearly half of Americans would have trouble finding $400 to pay for an emergency. I’m one of them.” The nearly penniless (or … Continued
Category: Earning & Saving
Saving some of your earnings by living below your means is a key to successful investing. There are many ways to find money to invest, such as living simply so you’ll save more money and developing a career so you’ll make more money. The Earning and Saving category equips you with practical tips for spending less and earning more.
A major expense for most households is food. The U.S. Department of Agriculture reports that families of four (with young children) might spend as little as $568.40 or as much as $1,112.70 monthly on food at home, depending on whether they are thrifty or liberal in their spending. Those who are short on dinner ideas may eat out more and spend more on food.
A friend recently told me that she spends about $1,200 monthly to feed two grown adults and five teens and young twentysomethings at home. I also spend a lot when my sons are home visiting.
I’ve found that it takes creative, sustained effort to spend less (time and money) on meals. As my life changes, with kids entering and leaving the house, I’m constantly experimenting with ways to eat better and spend less. Here are dinner ideas that have worked for me: