Creative Ways to Stretch Your Food Budget

So you clip coupons, use money-saving apps, stock your pantry and buy in bulk (when it makes sense), but you still feel like you are spending too much on food. Not to worry! In addition to all those proven money saving tips, there are some additional – slightly unconventional – ways you can cut your food bill (and have fun doing it!). Take a look at these money-savings ideas:
Grow Your Own Produce- If you have the time, space and patience, there is nothing more rewarding than growing some of our own fruits and vegetables. Beginning gardeners should have good luck growing salad greens, tomatoes, strawberries, basil, peppers and more. If you don’t have a large plot to plant, many of these same plants grow well in pots. Even cultivating a small container herb garden can save you from having to purchase fresh herbs.Can Fruits and Vegetables- If your garden (or your local farmers market) yields a bumper crop of tomatoes, strawberries, peaches or other preservable fruits and vegetables, can them yourself and store them for later use. Home canning is enjoying a resurgence, with supplies you need as close as your nearest Target or Wal-Mart. Be sure to follow all the rules for canning food safely.
Try Meatless Mondays- Buying poultry, beef, pork or fish can take a big bite out of your food budget. Commit to making one day a week “meatless” as a way to save money on food – and get more healthy, plant-based foods into your family’s diet. There are many delicious, wallet-friendly alternative protein sources, including beans and tofu.
Make Your Own Mixes- Pre-packaged dry mixes for pancakes, brownies, muffins, salad dressing and other foods are definitely convenient, but they are also expensive – and likely full of unpronounceable ingredients. You can make your own for just pennies on the dollar using quality ingredients of your choice. Store them in airtight glass of plastic containers to keep them fresh, marked with the date you put them together.
 
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How to Create Your First Budget

There are many milestones of being an adult. Signing your own lease for the first time, being able to rent a car, having someone call you ma’am.
But being an adult also means being responsible for your own finances. Like many things, you can’t have a successful financial future if you don’t plan for it. The best way to do that? Create a budget.
Creating a budget can seem daunting, but it just requires a series of steps. See below for help on creating your first budget.
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Track your expenses######
Before you can start a budget full of limits, you need to know how much you’re spending right now. Take two or three months to spend normally and track your transactions in Mint.
Fixed expenses like rent, insurance and utilities will be easier to monitor than variable expenses, such as groceries, entertainment and travel, which will fluctuate month-to-month.
You should also write down what your income is. That amount will be the same every month for many people, but if you work hourly, on commission or are self-employed, tracking your income for a few months will give you a good idea of how much you take take in each month.
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Write down your main goals######
Make a list of what you want to save for. Is there a friend’s wedding in Ireland in six months? Write that down. Do you want to buy a house in two years? Put it on the list.
Then, do some research on how much each of those goals will cost and write that amount down as well. Once you have the goal, the amount you need to save and when you want to achieve that goal, you can figure out how much you need to save per month to make it happen.
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List your debts######
Once you have your goals, income and expenses figured out, it’s time to write down everyone’s least favorite part of budgeting: your debt. Write down what you owe, what the interest rate is, how many months you have left and what your monthly payment is.
While you have to pay the minimum each month, you also have two strategies to choose from when it comes to paying off debt early.
You can choose to pay off the debt with the highest interest rate first. This will save you the most on how much total interest you pay each month.
Another popular method is to pay off your debts in order from smallest balance to largest balance. This will help you knock out your debts faster and make you feel like you’re making more progress toward your debt.
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Start a retirement plan######
One of the most important parts of budgeting is making room for a retirement plan. Ask your HR department if your employer offers a retirement plan and if you are eligible. Many 401k plans also have free matching funds so make sure to put in enough to receive the matching.
You can also start a retirement fund on your own if your company doesn’t offer one. Many people recommend investing in index funds through an IRA or individual retirement account. Robo advisors such as Betterment and Wealthfront can create personalized retirement plans based on your age and other factors.
General recommendations say you should contribute between 10-15% of your salary toward your nest egg.
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Put it all together######
Create a spreadsheet and add up how much you spend each month, what you should save for your goals, how much you should put away for retirement and how much debt you owe. If those numbers add up and are less than what you earn, you’re golden.
But for many people, that amount is greater than what they earn. That’s when they have to make sacrifices and changes to their budget. Maybe they need to move to a new apartment and save on rent or eat out less. Maybe you should postpone your goal of buying a house or take a break from traveling until you pay off that credit card.
The key is to make sure you don’t spend more than you earn and have a little bit extra each month just in case.
 
_Zina Kumok is a freelance writer specializing in personal finance. A former reporter, she has covered murder trials, the Final Four and everything in between. She has been featured in Lifehacker, DailyWorth and Time. Read about how she paid off $28,000 worth of student loans in three years at Debt Free After Three.**