A MarketWatch article cites a recent Principal Financial group survey of 1200 respondents and their food related budget woes. I don’t remember from Statistics why 1200 people makes a national trend, but the results are interesting anyway.
A huge group found eating related activities wreaked the most havoc on 2014 budgets. 40% to be exact. The largest breakdown (22%) found dining out to be the #1 cause of going off-budget this year.
Variable expenses are tricky. They require planning and discipline to manage effectively. Assuming you are already creating a specific budget each month (or pay period), reigning in menu-based variable expenses is easier with the following approaches:
All opinions expressed are 100% authentic. This post contains sponsored links. It helps keep the blog lights on, but doesn’t impact the integrity of the content.
Other areas menacing our budgets include:
|Other consumer goods||9%|
|Source: Principal Financial Group||—|
It’s also not surprising that going off-budget and off-diet are related if eating out is the most challenging area. The article also cites a survey from the Public Health Nutrition site that finds we eat an average of 200 more calories when on the town vs meals at home. Two big New Year’s Resolutions are always better finances and less weight. Looks like they are connected!
Before you go, get your FREE copy of our tips to save more money.