Your grocery budget is one of your most costly budget items, underneath your rent/mortgage. It is also a budget area that many wish they could cut back on to save money. If you were to ask several families about how much they spend each month, you would get a wide range of grocery budgets. It can be hard to nail down the right budget for your family, so let’s take a look at the averages for a Typical Grocery Store Budget For Family Of Four.
According to the USDA a family of four (two adults and two children under 12) spends an average $563.90- $648 per month if they are on the thrifty plan. A family of four that spends a liberal amount on groceries each month is said to average $1,102-$1,287.80 (the variation is due to the different age ranges of children).
Picking the Right Grocery Budget for Your Family of Four
There is no right formula for setting a grocery budget. If you hear that a family of four only spends $200 a month on groceries, but you feel miserable sticking to those strict guidelines, then that is not the right budget for your family.