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I used to work for my dad doing financial plans and we had an attorney client like this, he was making like a million a year and deep in debt partially because of the food and alcohol spending. His sahm wife to 3 kids would take the kids and the nanny they had to have out for every single meal and still spend like a thousand a week on insane poo poo at whole foods for the pantry. And then he would separately eat every meal out at like steakhouses etc as well. And then just hundreds a week on booze too.
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Oct 5, 2022 20:48
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hallo spacedog posted:I used to work for my dad doing financial plans and we had an attorney client like this, he was making like a million a year and deep in debt partially because of the food and alcohol spending. His sahm wife to 3 kids would take the kids and the nanny they had to have out for every single meal and still spend like a thousand a week on insane poo poo at whole foods for the pantry. And then he would separately eat every meal out at like steakhouses etc as well. And then just hundreds a week on booze too. BWM to the max
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Oct 5, 2022 21:02
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It must be me who is bwm if $350 per person per month for groceries is considered an unimaginably lavish spend. That's barely over $10/day?
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Oct 5, 2022 21:29
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i eat lentils and plain brown rice for $0.005 per day. I catered my whole wedding myself for a total food cost of $1.05, which really helped me save up for my son's circumcision.
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Oct 5, 2022 21:39
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If we're talking strictly groceries, $350/month should be more than enough. $10 a day could get you two frozen meals and some eggs and toast for breakfast, and the frozen meals are expensive. You can make a spaghetti meal for a family of four for like $5-6. You could get enough chicken for 4 meals for less than $10. If you want to eat expensive cuts of meat every night, than yea you're not making it, but that is not what most people are doing. It's always eating out that blows food budgets.
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Oct 5, 2022 21:43
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drk posted:It must be me who is bwm if $350 per person per month for groceries is considered an unimaginably lavish spend. That's barely over $10/day? I don't think $350 a month per person is considered extremely lavish but it is comfy in most HCOL areas unless you love prepackaged food. 350 x 4 = $1400 not $2700 or whatever the hell reddit op was claiming that got people worked up Of course cooking scales with more people so the real number for a family of four would likely be less than $1,400 unless they're eating out a lot E: original point being I don't think the average American across any region is spending $2,000 a month on groceries/restaurants because the avg person literally can't afford to with other bills in mind. I'm sure lots of people are though just not the average American KingSlime fucked around with this message at 21:51 on Oct 5, 2022 |
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Oct 5, 2022 21:46
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Pham Nuwen posted:i eat lentils and plain brown rice for $0.005 per day. I catered my whole wedding myself for a total food cost of $1.05, which really helped me save up for my son's circumcision. Checks notes No, I don't think we've had that discussion in the BWM thread yet!
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Oct 5, 2022 21:46
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KingSlime posted:I don't think $350 a month per person is considered extremely lavish but it is comfy in most HCOL areas unless you love prepackaged food. 350 x 4 = $1400 not $2700 or whatever the hell reddit op was claiming that got people worked up The post we are all taking about says "Groceries: $1,400". People are adding in the $1300 eating out, rounding up to $3000 and being like omg thats $100 a day on food! But, its actually only only $22.50/day per person, including eating out frequently and probably booze (the latter of which is certainly a third or more of my "grocery" expenses).
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Oct 5, 2022 21:55
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Oh I see then yeah the $1300 eating out a month part is the problematic spending, grocery bill not so much. That's $10 a day per head on take out when you're already buying enough groceries to feed everyone to begin with! People lump it together because they fulfill the same basic survival need, but when you separate em it becomes clear how much money you piss away when you eat out E: I like to separate my alcohol purchases from groceries in my budget, but that's because I drink too much probably and it helps me see what a piece of poo poo I am. Okay I'm done posting bout budgets now! KingSlime fucked around with this message at 22:04 on Oct 5, 2022 |
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Oct 5, 2022 21:59
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poo poo, goddamn, I eat like a goddamn king and my partner and I do two $50-60 Aldi runs each week Checking YNAB right now, we're on track to spend $500 this month. We just ordered Chinese takeout too.
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Oct 5, 2022 22:34
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I spent £200 last month and felt like poo poo looking at my budget.
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Oct 5, 2022 22:36
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legit, even if I ate fast food all the time I woulds spend half of what most americans spend since they eat like 2x the calories a day of most people in the world.  I keep my poo poo at like 2300kcal a day, or 1800kcal if I'm dieting.
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Oct 5, 2022 22:42
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They said they 'only' eat out 2-3 times per week, that's 8-12 meals per month. With a $1300 budget they're spending 108-162 dollars per night out. For a family of 4 including a 4yr and 1yr old that's 27-40 dollars per person. Are they ordering separate steaks for the 4- and 1-year olds? How does a kid that young even eat $40 worth of food? e: maybe the kids get $5 grilled cheeses and then mom and dad get $60 worth of drinks each? RPATDO_LAMD fucked around with this message at 22:52 on Oct 5, 2022 |
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Oct 5, 2022 22:46
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food budgeting got way easier to handle when I just cut drinking out of the picture entirely occasionally I'm getting a $4 bottle of wine from Aldi or $7 champagne from Kroger two drinks at a restaurant these days quickly turns into an hour or two of liveable wage post tax
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Oct 5, 2022 22:55
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drk posted:It must be me who is bwm if $350 per person per month for groceries is considered an unimaginably lavish spend. That's barely over $10/day? It’s also very regional. I spend more because I live in an 1100 square foot townhouse with limited pantry space and the cheap grocery stores are generally a decent trek (which I would have to make regularly due to the space limitations). Being in Canada also hurts my cause…
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Oct 5, 2022 23:16
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RPATDO_LAMD posted:They said they 'only' eat out 2-3 times per week, that's 8-12 meals per month. With a $1300 budget they're spending 108-162 dollars per night out. For a family of 4 including a 4yr and 1yr old that's 27-40 dollars per person. Are they ordering separate steaks for the 4- and 1-year olds? How does a kid that young even eat $40 worth of food? Where I live sales tax on food purchased out is ~10% and you'd be considered stingy for tipping much less than 20%. People are bad at estimating, so lets assume they eat out 3 times a week. There are 4.4 weeks in an average month, so 13.2 outings a month or 52.8 person-meals. That's a pre-tax/tip price of $19 per person per meal. Assuming the parents have one drink each and the kids eat something cheap, that's Applebee's/Chili's prices, not white linen fine dining. (if it sounds like I'm defending spending $1300/month eating out, I'm not) drk fucked around with this message at 23:26 on Oct 5, 2022 |
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Oct 5, 2022 23:22
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RPATDO_LAMD posted:They said they 'only' eat out 2-3 times per week, that's 8-12 meals per month. With a $1300 budget they're spending 108-162 dollars per night out. For a family of 4 including a 4yr and 1yr old that's 27-40 dollars per person. Are they ordering separate steaks for the 4- and 1-year olds? How does a kid that young even eat $40 worth of food? Congrats on living somewhere where eating out is cheap. $40 is literally a burger and one drink at Red Robin in large swaths of the country. $1300/mo to eat out 10x a month is not farfetched at all. They need to eat out less because their estimate is probably right.
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Oct 5, 2022 23:41
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Cerekk posted:Congrats on living somewhere where eating out is cheap. $40 is literally a burger and one drink at Red Robin in large swaths of the country. Lol it’s a little over a 1/4 of that 40 dollars lol
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Oct 5, 2022 23:52
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CharlestheHammer posted:Lol it’s a little over a 1/4 of that I got a burger carry out at Buffalo Wild Wings Sunday and it was $17 by itself. Meals can be stupid expensive.
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Oct 5, 2022 23:55
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Yeah I'm going to need to see that receipt for that $40 burger and drink. Was the drink one of those novelty $28 fish bowls? 
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Oct 5, 2022 23:57
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$18 burger $12 mixed drink 8% sales tax 20% tip You get close to $40 easy. Seems reasonable to me
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Oct 6, 2022 00:02
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Yes, if you lump the cost of alcohol into your food budget then you are going to have an overinflated idea of how much it cost to feed yourself in modern-day America Alcohol is pricey, it has great profit margins
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Oct 6, 2022 00:03
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Lol we are seeing those clickbait articles created in real time
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Oct 6, 2022 00:06
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Few people will argue with the plausibility of 10+ meals out for 2.75 people costing ~$1300. The main issue is that the OP has no idea where to cut back, and that the other 20 days in the month cost ~$1400, or $70/day. I guess if it's not a drug/alcohol problem, it could be that their butler is pocketing the rest and blaming food price increases. Magicaljesus fucked around with this message at 00:14 on Oct 6, 2022 |
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Oct 6, 2022 00:11
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Magicaljesus posted:Few people will argue with the plausibility of 10+ meals out for 2.75 people costing ~$1300. The main issue is that the OP has no idea where to cut back, and that the other 20 days in the month cost ~$1400, or $70/day. And he says they are all still somehow "constantly running out" of food and there is "never enough food" in the house despite the $2.7k spent each month on food.
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Oct 6, 2022 00:21
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Maybe they all weigh 600 pounds and eat like 5000 calories a day.
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Oct 6, 2022 00:22
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Thom Yorke raps posted:$18 burger
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Oct 6, 2022 00:26
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KingSlime posted:Yeah I'm going to need to see that receipt for that $40 burger and drink. Was the drink one of those novelty $28 fish bowls? https://www.redrobin.com/order Punch in zip code 98125 Pick a specialty burger ($15.69) and a glass of wine ($12) (or a cocktail but you can't order cocktails online) 9.3% sales tax 20% tip Sorry it is $37 not $40 I am a huge liar
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Oct 6, 2022 00:32
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Cerekk posted:https://www.redrobin.com/order Or add bacon to the burger (+$2.50) and you're there.
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Oct 6, 2022 00:34
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Alcohol counting as “food” is still the key problem. If you’re drinking $12 glasses of wine with your $15 burger yeah you can do it. That’s not paying $40 for food, that’s paying $20 for food (after tax tip etc) and $20 for a single serving of over priced booze. As I said before, that’s not a food budget that’s a booze budget
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Oct 6, 2022 00:37
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WithoutTheFezOn posted:What made the post so dumb is that they specifically picked Red Robin. I don’t think you can even find a $18 burger at Red Robin. Anywhere, much less over “large swaths of the country”. Red Robin was arbitrarily chosen as a cheap chain restaurant that nobody could possibly begrudge as a night out and it's still $40/adult on the coasts. This is in response to the argument that $100-$150/meal for a family of four to eat out is unreasonable.
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Oct 6, 2022 00:40
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Cyrano4747 posted:That’s not paying $40 for food, that’s paying $20 for food (after tax tip etc) and $20 for a single serving of over priced booze. Yep exactly the point of a budget is to know where your money is going and alcohol is amazing as it is is not food If you're a family who's struggling to figure out where your money is going, not buying over priced single alcohol servings is a great way to cut back with or no impact on quality on the life. Hell keep the $18 burger you're still doin much better than you were.
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Oct 6, 2022 00:44
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Cerekk posted:Red Robin was arbitrarily chosen as a cheap chain restaurant that nobody could possibly begrudge as a night out and it's still $40/adult on the coasts. This is in response to the argument that $100-$150/meal for a family of four to eat out is unreasonable. It’s only $40/adult if you’re spending half your dinner budget on alcohol. I get it, food is expensive, specially if you’re in a high col city but that doesn’t make $40 a meal some kind of unassailable fact of life. Signed, a guy who lives in a HCOL area and manages about $50 for two when he takes his wife out to local restaurants. The key is we drink our beer at home.
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Oct 6, 2022 00:45
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And I’m not going to begrudge someone a night on the town and blowing some money on drinks. God knows I’ve had some steep bar tabs in my life. But that’s not food, that’s recreational drug use.
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Oct 6, 2022 00:46
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And I doubt the 1 year old is ordering many $20 drinks!
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Oct 6, 2022 00:47
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Bird in a Blender posted:You can make a spaghetti meal for a family of four for like $5-6. I suppose if your meal for a family of four is one box of store brand spaghetti noodles and one jar of store brand pasta sauce. Might even be able to splurge and get a head of garlic for that.
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Oct 6, 2022 00:58
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Cyrano4747 posted:It’s only $40/adult if you’re spending half your dinner budget on alcohol. Yes, this couple should eat out less, and when they do eat out they should try to spend less. The only thing I am arguing against is the posters that can't fathom how a family eating out 12 times per month could possibly be spending $1300/mo at restaurants. It's easy even at cheap restaurants, especially if you have the sort of relationship with money that lets you eat out 12 times a month in the first place.
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Oct 6, 2022 01:01
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The kids are both on strict "babies eat other babies" diet of veal, balut, and special-order fertilized caviar
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Oct 6, 2022 01:02
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Josh Wow posted:I suppose if your meal for a family of four is one box of store brand spaghetti noodles and one jar of store brand pasta sauce. Might even be able to splurge and get a head of garlic for that. Well yea that’s what I based it on because I wanted quick numbers, but that’s still enough pasta and sauce to feed four people, plus probably some bread on the side. These are all fairly cheap things. It’s not like every meal needs to be this. This thread is going to master the price is right in another day.
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Oct 6, 2022 01:13
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People saying that they spend $x eating out are saying that they spend that amount at restaurants. Breaking it down by food vs alcohol is following sound budgeting principles but is also a lot more work.
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Oct 6, 2022 01:17
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