How to Plan a Grocery Budget with MR.DOLLAR

Planning a grocery budget is simple and easy. Whether you are in a tight situation or if you simply want to save more money, then you can start by creating a grocery budget because it is one of the most flexible budgets to manage. Every person’s or household’s budget number is different because it depends on so many factors. The most important thing is that you can afford it! How much should your monthly grocery spending be? Check out the grocery budget planning tips from MR.DOLLAR:

Know Yourself and Your Family

Before you start planning your grocery budget, think back to what you usually spend on every week. Know yourself and figure out what you usually like to make at home. If you are budgeting for your family, then try to remember how much and how often they eat to figure out how much are the expenses. Doing this helps you to get an idea of what your rough budget looks like.

Plan Your Meals

Differentiate between the things you need and the things you want because your needs are always more important than your wants. Figure out your needs and your wants to see which expenses you can save on. Instead of spending on both chicken and seafood (wants), you can spend on seafood instead and replace the chicken with something different and affordable such as vegetables (needs).

Plan Your Budget

Look at your current expenses and identify what items you should prioritize such as rice and noodles to bulk up your food, spices to make your food delicious, or frozen food that are affordable and can be easily prepared. For example, if you have RM150 to spare per week, you can plan to budget around RMRM130 per week instead for groceries and still have RM20 to keep for savings. That works out to be about RM80 worth of savings per month!

Shop at MR.DOLLAR

MR.DOLLAR’s products are always priced at RM2 & RM5 and there are a wide range of products for you to choose from. You can create your grocery list based on the 10 departments available and plan your purchases easily because of how affordable it is.

Remember to find a budget that works for you or for your family. The point of your grocery budget is not to limit you, it’s to help you create extra money in your budget for your savings or to make big goals happen.