Sunday, August 3, 2008

The Cost of Food

First off, let me apologize for my lack of posts the past two weeks. I've been pretty overloaded with work the last two weeks. I will make an effort to get some more articles out now that I have some time though. Today I found out about a little gem from the USDA called the Cost of Food at Home. This is a table published by the USDA every month that estimates the amount per individual that should be spent on food, depending on the age and sex of the person as well as how frugal or liberal they are with their food spending.

According to the chart, I vary from $39.10 to $76.00 /week as a 24 year old male. It might be a fun challenge to see how close to (or how far below!) the expected costs you can get. It might also be useful in creating your monthly budget. This makes me wonder what other data is out there from government sources that might be helpful in financial planning.

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