Author Topic: $10 challenge  (Read 12329 times)

Strawberrykiwi75

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$10 challenge
« on: October 02, 2014, 12:07:05 AM »
FACEPUNCH!! I realised two days ago that I have let lifestyle inflation get the better of me. I have been spending at the same rate as I was before I owned a house- which is terrible because my house costs a lot to keep! I need to get saving and investing more seriously.

In order to get started and 'reset', I have given myself a $10 food challenge! $10 a day, to cover all food and drink expenses. In NZ where good is relatively expensive this is not an easy feat- however it is still achievable. How it will work:

When I go to the supermarket, everything I buy I will work out how much money each ingredient will cost, per serve. And I mean every ingredient, right down to herbs and oil etc. Then I will work out how much each meal will cost down to the cent, so that I can stay within my $10. If I am under, I can save those dollars for a meat day (I won't be able to afford much meat on that). Meat days I can also increase my budget, combined with any savings from another day, to $12.

The exception is if I am out socially- I can go out, so long as I order the cheapest meal available. And the rest of the day had to be on track as if I was sticking to the $10.

Some people would say I am being a bit over the top and extreme- however this is a reset. I want to see if it can be done. It's to teach myself the value of money again.

The goal is to reach one month, and then review. Anyone want to join me?

TopGun424

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Re: $10 challenge
« Reply #1 on: October 02, 2014, 06:09:56 AM »
Good for you! Way to reconnect with your inner mustachian again. We all need a good face punch every once in a while. I will say that adding in the "Going out" portion of the challenge does make it more interesting. Where I live, a $300 grocery budget for a month can get you quite a lot (I live in Ohio and I love to cook which is most of the time cheaper, and in my opinion better for you as well as learning an important cooking skills to possibly impress your SO). Eating healthier, cost effective foods, as well as limiting your "meat days" could have some interesting results. Keep us posted on how the experience went for you and how you faired.

I'll bite on your challenge, and to adjust for the price difference I'll bump my budget down to $225 to account for the price difference (assuming prices are 10-15% higher there than in OH).
« Last Edit: October 02, 2014, 06:26:25 AM by TopGun424 »

Timmmy

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Re: $10 challenge
« Reply #2 on: October 02, 2014, 06:29:57 AM »
I like the spirit of the challenge too.  I might halve that number.  $5 per day. 

Currently DW and I take out $450 a month for all of our food.  That includes eating out way too much. 

I challenge you to reduce that number to $7.50 or lower. 

tracylayton

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Re: $10 challenge
« Reply #3 on: October 02, 2014, 07:27:20 AM »
I am in! It is just myself and my 13 year old. I think I can hit $7.50/day for each of us. My grocery budget is $75/week and that actually includes toilet paper, shampoo. My son is in 8th grade and although it's a luxury, I let him buy his lunch at school ($50/month). I am going to take out $100 in cash from the bank today, and that will be our total for eating out ($25/week). Altogether, we are looking at $450/month for 2 people or about $7.50/day. When the $100 is gone, no more eating out. Also, at the grocery store I put any luxury items to be rung up last. If I'm getting close to my limit, I don't have the cashier ring up whatever will put me over...I tell them I changed my mind about that item.

Sblak

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Re: $10 challenge
« Reply #4 on: October 02, 2014, 08:42:29 AM »
This is a good challenge, but the limit is pretty high.  We feed a family of 6 on about $350 a month.  That is about 2 dollars a day per person.  While we save lots of money because the marginal costs of each additional person past 3 or 4 is relatively small, it seems to me that if anyone is spending $10 per person per day they are paying for food preparation, not for food.  We eat incredibly well.  We cook amazing meals every day and eat leftovers for lunch.  Meal = variations on wheat/rice, beans, fruit, vegetables with a little meat.  We buy in bulk at Costco and follow grocery store sales.  Not that everyone can cook all the time, but if your costs are over $10 per day you don't cook enough to benefit from the insane cheapness of 50 pound bags of wheat/rice/beans and seasonal produce.
« Last Edit: October 02, 2014, 09:25:49 AM by Sblak »

Strawberrykiwi75

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Re: $10 challenge
« Reply #5 on: October 03, 2014, 01:18:38 AM »
Ouch. Hmmm I deserve a face punch which I have already given myself. But context is important.

I live in NZ where food prices are very different to the USA.  There is no such thing as 'couponing' here. There are not many places where you are able to buy '50 pounds' or similar of something. I live in a small house where there is no room to store that sort of thing anyway- my kitchen is tiny, I barely have enough room to store my basic pots and pans. I also have very specific dietary requirements.

I have told people at my work about my plan and they all think that $10 a day is a real challenge. My aunt is kinda mustachian by nature and she said she would be impressed if I could achieve it.

If I can get under $10 of course I will save it. However that will be a rare occasion realistically. Please set your challenge according to what is attainable for you if you want to join me

HappierAtHome

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Re: $10 challenge
« Reply #6 on: October 03, 2014, 01:39:20 AM »
Australia is similar to NZ in terms of food costing far more than it does in the US, and I think $10 would be do-able but a challenge for most people here. In fact, I'd say my non-Mustachian (though not necessarily anti-Mustachian!) friends would spend more in the order of $20 per day.

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Re: $10 challenge
« Reply #7 on: October 03, 2014, 05:31:01 AM »
+1. $10 is doable but would be a challenge. I spent $330 last month on food (groceries, not takeaway) and that's without counting the staples like oil.

I'm looking forward to following your progress :)

Timmmy

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Re: $10 challenge
« Reply #8 on: October 03, 2014, 06:14:23 AM »
Ouch. Hmmm I deserve a face punch which I have already given myself. But context is important.

I live in NZ where food prices are very different to the USA.  There is no such thing as 'couponing' here. There are not many places where you are able to buy '50 pounds' or similar of something. I live in a small house where there is no room to store that sort of thing anyway- my kitchen is tiny, I barely have enough room to store my basic pots and pans. I also have very specific dietary requirements.

I have told people at my work about my plan and they all think that $10 a day is a real challenge. My aunt is kinda mustachian by nature and she said she would be impressed if I could achieve it.

If I can get under $10 of course I will save it. However that will be a rare occasion realistically. Please set your challenge according to what is attainable for you if you want to join me

I ASSuMEd you were in the USA.  Anyone else from NZ that can give some perspective?

MoneyRx

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Re: $10 challenge
« Reply #9 on: October 03, 2014, 10:52:02 AM »
I would throw in that you should still be eating healthy. Cutting food costs at the expense of health will cost you in the long run.

4alpacas

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Re: $10 challenge
« Reply #10 on: October 03, 2014, 11:41:21 AM »
I would throw in that you should still be eating healthy. Cutting food costs at the expense of health will cost you in the long run.

I've found that my diet gets healthier when I cut food costs.  Boxed foods are expensive!  In season produce is inexpensive.  I also supplement a lot with beans and frozen vegetables. 

Bob W

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Re: $10 challenge
« Reply #11 on: October 03, 2014, 11:51:35 AM »
No idea what food cost in NZ or Australia.  For reference could you quote me the following prices at your local market:

1 dozen eggs
1 pound ground beef
1 pound pasta noodles
1 pound of frozen mixed veggies
1 cheap loaf of bread
1 container of peanut butter

The thing is that for $10 I would be eating pretty damn nice here in the Midwest USA.

 $3 is pretty much the standard MMM goal around here.  So I'm wondering if food is 3 times as much there?

I will be posting a future thread on eating on $1 per day (US Midwest) in a week or so. 

Thanks, Bob Werner

Strawberrykiwi75

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Re: $10 challenge
« Reply #12 on: October 03, 2014, 01:18:00 PM »
I would throw in that you should still be eating healthy. Cutting food costs at the expense of health will cost you in the long run.

+1. Absolutely, this is extremely important along with my dietary requirements and future goals- I need to live a long life to achieve them!

Strawberrykiwi75

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Re: $10 challenge
« Reply #13 on: October 03, 2014, 01:45:10 PM »
No idea what food cost in NZ or Australia.  For reference could you quote me the following prices at your local market:

1 dozen eggs
1 pound ground beef
1 pound pasta noodles
1 pound of frozen mixed veggies
1 cheap loaf of bread
1 container of peanut butter

The thing is that for $10 I would be eating pretty damn nice here in the Midwest USA.

 $3 is pretty much the standard MMM goal around here.  So I'm wondering if food is 3 times as much there?

I will be posting a future thread on eating on $1 per day (US Midwest) in a week or so. 

Thanks, Bob Werner

No problem- please just be aware that these are guesses as we use the metric system here. Often our packaging doesn't come close to a pound but I've tried to adjust.

A dozen eggs: $4-8 depending on free range or otherwise. I buy free range. Usually about $7ish
A pound of ground beef: varies greatly, I bought some on sale yesterday for about $6 a pound?
A pound of pasta noodles: about $2.40
A pound of frozen mixed vegetables: about $2-3 depending on what kind you want. This is for a basic mix, like peas & corn & diced carrot. Anything more like broccoli would cost more
A cheap loaf of bread: I got a wholegrain loaf on special yesterday for $3.50 which is very cheap (can easily be over $5-6) White bread is about $2 on special
A container of peanut butter: $4.50

a couple other essentials I've thrown in for context too as these are expensive day to day items in NZ:
A litre of milk: $2.75
Just over a pound of basic cheese: $6.00
A kilo of yoghurt: $6

We just had our elections and pretty much all we talked about was the economy and the cost of living. It all comes down to rent and food mostly (oh and petrol, it costs a fortune!). If I rented my house it would be over $400 a week for a two bedroom, and it's pretty basic- built in the mid-1980s

CowboyAndIndian

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Re: $10 challenge
« Reply #14 on: October 03, 2014, 03:01:48 PM »
Is everyone talking the same currency?

Was just checking and the 10 $(NZD) was equal to $7.77 (USD).

Bob W

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Re: $10 challenge
« Reply #15 on: October 03, 2014, 03:35:24 PM »
Is everyone talking the same currency?

Was just checking and the 10 $(NZD) was equal to $7.77 (USD).

Good point!  And a little confusing I assume.   So if I spent 10 NZDs on food that would mean it cost $7.77 USD? 

I was going to say that it looked like basic food was around twice as much as in my area. 

But if we're talking 10 NZDs then it would only be 1.55 times as much?   (1.29 divided by 2)  In which case a 3 US dollar a day eating habit would cost about $3.87 per day??????

Strawberrykiwi75

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Re: $10 challenge
« Reply #16 on: October 04, 2014, 04:49:22 AM »
Ahh! Good point. Everything I have said so far is in NZD- since that's what I earn.

And yes, $3 USD is about $3.87 NZD. However that doesn't mean that a $3US eating habit will translate to a $3.87NZD eating habit!

Runningtuff

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Re: $10 challenge
« Reply #17 on: October 10, 2014, 03:41:52 AM »
We spend about $110 NZD per week for two adults and one child, so eating healthily and well on that should be quite achievable. All the best!

fireferrets

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Re: $10 challenge
« Reply #18 on: October 10, 2014, 08:34:33 PM »
Last month, my roommate declared that one could not eat with only $50 a month. It was a week into the month, and I had already spent $25, but I accepted this challenge.

How I did it:
- No eating out - ever. If my roommates wanted me to go out to eat, they could pay for me : P
- I used up the stock accumulated in my pantry: mostly noodles, rice, and flour. (these ran out the last week @_@;).
- Used up accumulated miso paste (I had two cartons of it >,<) and a few cans of veggies.
- Avoided dairy like the plague (I don't eat meat, but I looove cheese), also avoided my regular purchases of almond milk
- What I bought: (seasonal!!!) produce, lentils, beans
- When I made big dishes, I shared with my roomies! Then if I needed an ingredient (like butter or sugar), they were more than willing to share if they got some noms out of it.

As it turns out- produce is pretty cheap and there are even more competitive options just 2 miles down the road if I wanted to get an even deeper discount than the 1/2 mi grocery offers.

I think I ate pretty well too. Among my meals were miso soup noodles with assorted veggies, and full-up taco night with homemade tortillas (very easy to make, tough to get right consistency), beans, rice and veggies. One evening I even whipped up a batch of halva!

If you combined cheap grocery action with a quarterly trip to the bulk discount store - I think you could eat even more gourmet-like than I did.

Elderwood17

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Re: $10 challenge
« Reply #19 on: October 10, 2014, 08:55:03 PM »
I like this challenge, recognizing inherent differences between regions.  DW and I spent just under $200 in the month of August but had the advantage of a lot of garden items being harvested and the freezer was full of meat going into the month.  We have eaten almost all the mahi we got from a summer fishing trip and the venison is almost gone, but I think we can say under $300 for this month.

Faramir

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Re: $10 challenge
« Reply #20 on: October 11, 2014, 01:22:01 AM »
Good luck with the challenge, I'm in NZ & I don't think any of my work colleagues get below NZ$10 a day.  I think I'll restart recording my own food & drink costs again & aim for sub NZ$5. 

For 2 adults & one 4 year old boy our weekly food & drink cost is around NZ$85-100 (US$67-78) per week.   NZ$85 was the average when I recorded every food & drink cost over a 3 month period recently.  When I was recording the costs it encouraged me to keep the costs down so that was as close to the lowest that I could sustainably get.  I reckon it's probably slid up to about NZ$100 (US$78) per week now I don't record it, about NZ$6 (US$5) per day for myself.

I find the cost of food differs a bit around in NZ, I live just south of Auckland & have a Pak 'n Save supermarket nearby which is the cheapest supermarket by far but isn't everywhere in NZ.  I would say comparing the item costs Strawberrykiwi75 listed on the October 3rd post, I buy them about 30-40% cheaper.  I cook in bulk which I find reduces the cost & saves me loads of time.  I also only drink tap water (apart from weekend alcohol) to keep the cost down as drinks are definitely very expensive in NZ.

Staff Only

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Re: $10 challenge
« Reply #21 on: October 12, 2014, 01:49:31 AM »
Good luck with the challenge.  I think it will do the trick and get you back on track which is what you need right now.  If you succeed, you may even be able to step up your game and reduce your budget further for a new challenge.

To those of you who have never lived in Aus/NZ before please note it is very, very different to the rest of the developed world.  It is absolutely pointless converting currencies, you must look at the cost of living.  Even MMM made this mistake when he blogged about travelling to Aus in 2003 and commented on how cheap it was.  Back then every US$1 bought you A$1.50 so of course he thought it was cheap.  It doesn't mean it's cheap for locals though!

For example, did you know that the poverty line in Aus for a single person is currently $26,443 per year??!!  This figure includes housing costs.  Without housing costs, the figure is still as high as $17,796.  This should give you an idea of just how expensive the cost of living is in this part of the world.  The median wage in Australia is $50,000 per annum.  New Zealand is similar with a median wage of $45,000.  All of the numbers I'm quoting here are in local currencies.

fireferrets

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Re: $10 challenge
« Reply #22 on: October 12, 2014, 12:32:36 PM »
For example, did you know that the poverty line in Aus for a single person is currently $26,443 per year??!

holy cow! I did not know that! That is insaaane. @_@

Strawberrykiwi75

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Re: $10 challenge
« Reply #23 on: October 13, 2014, 12:38:24 AM »
Update: so I've been sticking to the plan quite well for about 11 days. I've had mostly great results.

I haven't needed to use the extra I allocated for meat days so long as I plan for about 3 days in advance. I don't buy fruit and veges for more than about 3 days at a time to reduce waste. Plus I'm able to then utilise specials available on different days.
I bought a slowcooker so that I can make lovely stews, soups etc while at work- this was a big factor for me as I work long hours and have post-work commitments.

I have still been going out with friends etc but I have been careful to chose the cheapest meals available and I rationalise the rest of the days food expenditure. Eg if I go out for dinner, I still have to spend what I would for lunch & breakfast if I was still only spending $10 for the whole day.

I've been pleased with my progress & hope to continue on for at least a month. I'm saving significant funds! I hope to pay what I save onto my home loan at the end of the month.

fireferrets

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Re: $10 challenge
« Reply #24 on: October 30, 2014, 08:10:13 PM »
Nice job StrawberryKiwi! Soup is a great way to stretch your grocery dollars.

HappierAtHome

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Re: $10 challenge
« Reply #25 on: November 02, 2014, 09:42:10 PM »
At most one meal per day (sometimes less), consisting of macaroni and cheese.

Are you saying that all you ever eat is mac and cheese? Because that seems kind of wrong... and I'd love to hear more about the motivations behind only ever eating one thing!

HappierAtHome

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Re: $10 challenge
« Reply #26 on: November 02, 2014, 11:17:06 PM »
I eat other food, but only if I'm getting it for free. The only food I spend money on is macaroni and cheese. It tastes good, takes very little time to prepare, it's inexpensive, and it frees me from having to walk to a grocery store because I get it delivered from amazon.com right to my door. So it's saving me both time and money. There are even cheaper options out there but I think my diet is already frugal enough so I don't feel too guilty about the level of luxury.

So you never get bored of it? And how do you ensure you get adequate nutrition - do you get veges, protein etc from non-paid food sources to make up for not getting it in your mac and cheese? And how/when did you decide to eat this way? Are you doing it primarily for frugality reasons, or simplicity, or both?

(Hopefully you're not offended by being peppered with questions - I'm genuinely really curious about how and why you make this work for you).

HappierAtHome

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Re: $10 challenge
« Reply #27 on: November 03, 2014, 01:08:21 AM »
Cool. I'm definitely an advocate of what I would consider to be good nutrition (obviously opinions do differ), so your diet is not for me, but it's very interesting. Thanks for sharing.

In other news, I may well make some mac and cheese (from scratch, with veges added...) this week as a result of reading about your diet :-) love me some mac and cheese.

oldladystache

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Re: $10 challenge
« Reply #28 on: November 03, 2014, 07:37:01 AM »
I eat other food, but only if I'm getting it for free. The only food I spend money on is macaroni and cheese. It tastes good, takes very little time to prepare, it's inexpensive, and it frees me from having to walk to a grocery store because I get it delivered from amazon.com right to my door. So it's saving me both time and money. There are even cheaper options out there but I think my diet is already frugal enough so I don't feel too guilty about the level of luxury.
Can we have a link to the mac and cheese you order from Amazon? Sounds like an interesting possibility.

skunkfunk

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Re: $10 challenge
« Reply #29 on: November 03, 2014, 01:51:48 PM »
$10/day should be sufficient for one person even with a bit of eating out.

sheepgetlambs

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Re: $10 challenge
« Reply #30 on: November 06, 2014, 04:36:01 PM »
Just a comment on the wide variance in food costs: We live in the U.S. and easily feed our family of 4 for about $400 per month, often less. When we visited Sweden, where we used to live, this past summer, I was reminded how amazingly cheap food is in the U.S. Food is easily double the cost in Sweden over what it is the U.S. We still made out OK because we were staying with friends and shopping in grocery stores, not eating in restaurants, but the food costs were still a LOT higher than at home. Meat is exorbitant. Bread is more than double. Rice, while cheap, is nearly double the price in the U.S. Fresh fruits and veggies are dependant on what's in season, like anywhere, but still cost considerably more than in the U.S. And snack foods are pretty much out of reach, cost-wise.
So, each mustachian should probably set this challenge based on what their average food cost is and then try to reduce that, rather than try to compare across regions and countries. In many parts of the world, food makes up a much larger percentage of household expenditure than in the U.S.

Strawberrykiwi75

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Re: $10 challenge
« Reply #31 on: November 10, 2014, 02:38:26 AM »
Just a comment on the wide variance in food costs: We live in the U.S. and easily feed our family of 4 for about $400 per month, often less. When we visited Sweden, where we used to live, this past summer, I was reminded how amazingly cheap food is in the U.S. Food is easily double the cost in Sweden over what it is the U.S. We still made out OK because we were staying with friends and shopping in grocery stores, not eating in restaurants, but the food costs were still a LOT higher than at home. Meat is exorbitant. Bread is more than double. Rice, while cheap, is nearly double the price in the U.S. Fresh fruits and veggies are dependant on what's in season, like anywhere, but still cost considerably more than in the U.S. And snack foods are pretty much out of reach, cost-wise.
So, each mustachian should probably set this challenge based on what their average food cost is and then try to reduce that, rather than try to compare across regions and countries. In many parts of the world, food makes up a much larger percentage of household expenditure than in the U.S.

Thanks sheep! I have said many many times before that my $10 budget is NZ dollars and that food prices are very different here, just as you found in Sweden. I'm kinda over saying it.

Plus anyone who lives on mac & cheese is going to get scurvy or have health problems down the track. That's not food- especially when it's from a box. That's a 'food-like product' in my book. I'd rather have my health and happiness than the money saved, it's a false economy by the time health issue kick in.

Miamoo

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Re: $10 challenge
« Reply #32 on: November 15, 2014, 12:45:42 PM »
Just a comment on the wide variance in food costs: We live in the U.S. and easily feed our family of 4 for about $400 per month, often less. When we visited Sweden, where we used to live, this past summer, I was reminded how amazingly cheap food is in the U.S. Food is easily double the cost in Sweden over what it is the U.S. We still made out OK because we were staying with friends and shopping in grocery stores, not eating in restaurants, but the food costs were still a LOT higher than at home. Meat is exorbitant. Bread is more than double. Rice, while cheap, is nearly double the price in the U.S. Fresh fruits and veggies are dependant on what's in season, like anywhere, but still cost considerably more than in the U.S. And snack foods are pretty much out of reach, cost-wise.
So, each mustachian should probably set this challenge based on what their average food cost is and then try to reduce that, rather than try to compare across regions and countries. In many parts of the world, food makes up a much larger percentage of household expenditure than in the U.S.

Thanks sheep! I have said many many times before that my $10 budget is NZ dollars and that food prices are very different here, just as you found in Sweden. I'm kinda over saying it.

Plus anyone who lives on mac & cheese is going to get scurvy or have health problems down the track. That's not food- especially when it's from a box. That's a 'food-like product' in my book. I'd rather have my health and happiness than the money saved, it's a false economy by the time health issue kick in.

That was my first thought Strawberry.  Not much TRUE nutritional value in K Mac & Cheese - not to mention the dyes and otherwise questionable additional additives.  But, it's a tasty, easy to prepare guilty pleasure/treat of mine on occasion.  On occasion being a couple of times/year when the hubs is out of town on business since he won't allow the shit in the house anymore.  Everything from scratch here - except the hmmm Quarterly? pizza delivery.

We're at about $6.00/person/day here eating mostly organic and or homegrown.  But this is USA and holy shit - reading all of the above about food costs elsewhere - I need to quit complaining about the cost of groceries here eh?

Accountess

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Re: $10 challenge
« Reply #33 on: November 15, 2014, 01:01:47 PM »
Having lived in both the USA and currently in NZ. $10 a day is well below basic government guidelines.

Miamoo

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Re: $10 challenge
« Reply #34 on: November 15, 2014, 01:07:51 PM »
Wow.  Just wow. Yes, I will stop complaining and continue my endeavor to get it under the $12/day for 2 of us.