“Family Food Supply” is the name of a pamphlet I got a while ago. This one is from the Metropolitan Life Insurance Co., 1934.
Okay, I’m a sucker for publications like this, I’ve confessed that already. But my point about there’s not much new in the “How to save money” world is demonstrated, again, by this old publication.
In a section entitled “Further Guides to Food Thrift” it says: “It is the penny saved on a pound of butter, and the few cents saved on sugar, eggs, bread, which add up to a neat savings account, because these are the things most often purchased. (According to one inflation calculator, a penny in 1934 is equivalent to .18 in 2014 money.) It also says:
- The most expensive food is not always the most nutritious.
- Staple foods that keep should be bought in as large quantities as can be stored.
- Spoiled food is usually a sign of poor marketing, careless meal-planning, or bad house-keeping.
- Most families need to spend from one quarter to one third of their income for food.
All of which, with more modern framing are things you’ll find out there in the “how to save money on food” blogs, articles, etc.
The first one is still true exactly as stated. The second is the basis for people who stockpile. The third isn’t usually framed that way any more, as “poor marketing” and “bad house-keeping” are not viewed in the same fashion as previously. And the fourth? That’s the only one that’s actually really different.
The average American, these days, spends less than every other citizen in the world on food, or < 10% of their income for food.
But of the money we spend, we toss 25% of the food we buy! See below.
I admit that’s only .25 on the dollar. But if you add those up, then the .25 you toss from every food dollar can be used for heat or clothes or ? It’s not a huge amount, but when was the last time someone told you something you could do to save .25 of every dollar you spend, without spending an extra dime to do so?
Want to know how much you could save? Take a rough estimate of your income, for every $1000 you make, you’d get back $25. ($1000/10 = food dollars, or $100. 25% of those food dollars = potential savings = $25.) In our case, this adds up to a chunk of change that doesn’t seem insigificant at all. I could make a mortgage payment from it! A “free” mortgage payment once a year sounds good to me! Maybe you could do the same?