1. THE FOOD BUDGET

2. Important Vocabulary Budget: A plan for managing money. Staples: Basic food items that are used on a regular basis. Food Assistance Program: Government programs that help those in need access food.

3. The Food Budget One of the most important resources you need for healthy eating is money. A budget helps you get the most from you money and is a plan for spending. The challenge is providing nutritious and tasty meals without spending more than the budget allows.

4. The Food Budget Many factors influence the amount of money in your food budget. Income Number of family members Age of family members Time and skill for food preparation How often meals are eaten outside the home The amount of food wasted The types of food you buy

5. The Food Budget To create a food budget: 1. Add up how much you spend on groceries and eating out for one month. 2. Divide that number by four to tell you how much you spend each week. 3. Set a realistic goal for change and a new food budget. Developing a workable budget takes time and fine-tuning.

6. Meeting Your Budget Goals Some tips for meeting your budget goals are: Stock up on staples, or basic items that are used on a regular basis (eggs, milk, cereal, bread, rice, flour) Prepare more meals at home Choose economical main dishes Use coupons and look for store advertisements Reduce food waste

7. Calculating Food Cost To calculate how much food costs, you need to know: The cost of the food The unit sold (pounds, pints, count, etc.) The amount you bought

8. Calculating Food Cost: Basics Jamie went to the store to buy lentils for her soup. The lentils cost $0.98 per pound, and Jamie bought 2 pounds. How much did she spend on the lentils? Cost of the food = $0.98 Unit Sold = pounds Amount Bought = 2 Pounds $0.98 per pound X 2 pounds = $1.96

9. Calculating Food Cost: Basics Alex is buying chicken to make fried chicken. She needs to buy 2 ¼ pounds. The chicken costs $2.99 per pound. How much does Alex pay for the chicken? Cost of the food = $2.99 Unit Sold = pounds Amount Bought = 2 ¼ Pounds $2.99 per pound X 2.25 pounds = $6.73

10. Calculating Food Cost: Better Buys When shopping for food, you sometimes need to compare the price of two brands. To do this, you need to find the unit cost, or the cost per unit (unit sold). Comparing brands is easy when the exact same amount is in each package, but this is not always the case.

11. Calculating Food Cost: Better Buys Peanut Butter Jar 1 = 16 oz. for $3.99 Jar 2 = 16 oz. for $1.99 Which is the better buy? Jar 2

12. Calculating Food Cost: Better Buys Chicken Stock Box 1 = 1 quart for $4.99 Box 2 = 2 quarts for $5.99 Box 1: $4.99 per quart Unit Cost: $4.99 per quart Box 2: $5.99 ÷ 2 quarts = $3.00 per quart Unit Cost: $3.00 per quart Which is the Better Buy? Box 2 quart

13. Calculating Food Cost: Better Buys Milk Container 1 = $3.99 per gallon Container 2 = $1.99 per quart Container 1: 1 gallon = 4 quarts Unit Cost: $3.99 ÷ 4 quarts = $1.00 per quart Container 2: $1.99 per quart Unit Cost: $1.99 per quart Which is the Better Buy? Container 1

14. Calculating Food Cost: Recipes Louis is needs to buy shredded cheese to make tacos. The cheese costs $4.99 for 16 oz. Louis needs to buy 48 oz. How much does Louis spend on the cheese? Price= $4.99 per 16 ounces Unit Needed= ounces Unit Cost: $4.99 ÷ 16 ounces = $0.31 per ounce Recipe Cost: $0.31 per ounce X 48 ounces = $14.88

15. Calculating Food Cost: Recipes Will is making potato salad for a barbeque. His recipe calls for 3 Tbsp. of mustard. Mustard costs $2.99 per 12 ounces. How much does the mustard in Will’s recipe cost? Price: $2.99 per 12 ounces Unit Needed: Tbsp. 1 Tbsp. = ½ an ounce (0.5 ounces) Unit Cost: $2.99 ÷ 12 ounces = $0.25 per ounce Recipe Cost: 3 Tbsp. = 1 ½ ounces (1.5 ounces) $0.25 per ounce X 1.5 ounces = $0..38

16. Calculating Food Cost: Recipes Nathan is making a grilled cheese for lunch and needs 4 slices of bread. The bread costs $3.96 for 1 loaf and. How much does the bread for Nathan’s lunch cost? Price: $3.96 per loaf Unit Needed: slices 1 loaf = 16 slices Unit Cost: $3.96 ÷ 16 slices= $0.25 per slice Recipe Cost: $0.25 per slice X 4 slices = $1.00

17. Market Cost  Item: Item in recipe  Price: How much the item costs ($5.00)  Amount Sold: Exact quantity in package(32oz.)  Unit Needed: Unit your recipe calls for (Tbsp.)  Unit Needed Per Unit Sold: Equivalents conversion (Ex. 32oz. = 64 Tbsp.)  Price Per Unit Needed: Divide the price by the unit needed per unit sold. ($5.00 / 64 Tbsp. = $0.08 per Tbsp.)  Amount Used in Recipe: The measurement your recipe calls for (2 Tbsp.)  Cost of Amount Used: Multiply the price per unit by the amount used in the recipe ($0.08 x 2Tbsp. = $0.16)