Stretching your food dollar! BUDGETING

How can you make your money go further? Stretching your food dollar can mean using GOOD STRATEGIES at home and at the grocery store. In a group of 2 or 3, come up with a list of THREE strategies that you can use at…  Group 1: home  Group 2: the grocery store GROUP WORK

IDEAS – AT HOME ①Know your inventory ②Plan a food budget ③Check the ads for sales ④Plan meals ahead for the week ⑤Make a list

 Inventory – Food in your cupboards, your freezer, and your fridge.  Keep plenty of staples on hand -- they store well, and stretch meals.  pasta, rice, canned tomatoes, tomato sauce, canned green beans and corn, jarred spaghetti sauce, raisins, canned fruit, canned tuna and clams, canned and dry beans, peanut butter, canned soups KNOW YOUR FOOD INVENTORY

①How much does it cost to feed your family each week? ②List the staples you need each week.  Non-perishables - food you have on hand that are not going to go bad.  Examples: peanut butter, flour, canned foods, rice, macaroni. ③Subtract out costs for your staples. ④Your remainder is the amount of money you have left each week for perishables.  Perishables - things you buy weekly since they will expire.  Examples: vegetables, fruit, meat, eggs, and milk. PLAN A FOOD BUDGET

 Think about how much you can spend, what you have on hand, what is on sale, and what sounds good. Find a balance that you can afford.  Leftovers: Make enough food so you have extra for lunches or a quick dinner! PLAN MEALS AHEAD

IDEAS – AT THE GROCERY STORE ①Stick to your list! ②Buy generic brands ③Check the unit price ④Watch for hidden persuaders

Definition/Equation Tells you the cost per liter, per kilogram, per pound of what you want to buy.  Divide the cost by the quantity. Example Four litres of milk costs $5.80. What is the unit price? 5.80/4 = 1.45  The unit price is $1.45 per litre WHAT IS UNIT PRICING?

Example: What is the better deal for milk? Let’s calculate the unit prices of each:  $3.80 / 2 litres = $1.90 per litre  $2.70 / 1.5 litres = $1.80 per litre Therefore, the lowest unit price (the best deal) is 1.5 litres at $2.70. COMPARING PRICES 2 litres for $3.80 OR 1.5 litres for $2.70

 Complete the handout using your calculator.  You may use your phone calculator if you do not have another one.  We will take up the worksheet in 10 minutes. CHOOSING THE BEST PRICE

EXTREME COUPONING – VIDEO CLIP