Food Can Bite Hole in Budget

Summary


Where is the money going? Two big categories may be worthy of a financial makeover in your home. Food and entertainment are spots that can be examined and overhauled, says Mary Hunt, founder of the Cheapskate Monthly newsletter and author of several books on family finance.

"Americans are so spoiled," Ms. Hunt says. "So much is available to us. The average family spends $5,500 a year just on groceries."

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Food Can Bite Hole in Budget

Look at your grocery receipts, she says. Often what you think of as "my food bill" can be trimmed in a big way.

"Some people spend more on food than on...

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