April 9, 2012

We all see them. The graphic images on Pinterest and Facebook like this one. Food porn. They lure you in and trick you into thinking you really can squeeze a gourmet lunch or breakfast everyday into your budget. But when was the last time you actually calculated the cost of your breakfast?  I calculated the cost of mine the other day just out of curiosity and was pleasantly surprised that it was only a whopping $1.96 every day!

Breakfast Breakdown 

  • Bananas- I buy a bunch of bananas every week and usually can get 6 for $1.29, 1 banana = $.215
  • Oatmeal- I eat two individual packets of regular oatmeal, 6 packets to a box, box cost $2.50, 2.50/6= $.42 x 2 packets= $.84
  • Coffee- I buy Starbucks coffee and I brew it at home- One pound cost $9.95 and can last me 14 days = $.71 per day
  • Soymilk- I buy a carton that last about 10 days- one carton cost $1.99= $.199 per day

Grand total= $1.96

Not too bad right?  Great way to start the morning and not bad on my wallet either.

Now if you know me, you will know I am a creature of habit when it comes to food and don’t mind eating the same thing every day.  My breakfast is the same every morning; oatmeal, a banana, and coffee with soy milk. As routine as this may sound, I plan my meals like this mainly because I want to eat something healthy and filling in the morning. Because I stay so busy, I also appreciate not having to think about what to eat every morning– which saves me lots of time and money.

Get Control

When working with clients on their cash flow, I usually see their food costs as the expenses that can really get out of control.  They save and skimp in other areas but often times dining out is the one place where money falls through the cracks.  A lunch here, a dinner there, drinks here… and there– all of these things really add up. Planning ahead and prepping your meals for the week can ultimately become a more cost efficient route. Think of it as portion control for your finances.

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Iron Lady Chef 

As tempting as it may be to call up your girl friends for a fancy dinner out, a good way to keep your food costs in control is simply by eating at home. I try to go grocery shopping every weekend to stock up for the week ahead.  Yes, there are occasions where I do eat out during the week (i.e. business meetings, client meetings/events or to celebrate a special occasion), but for the most part I usually eat my prepared, planned out meals and it frees up some time and spending cash.  Get a jump on breakfast this week and cook a batch of these. Your tastes buds and your wallet will thank you. 

One Bite At A Time 

Another tip (one I learned from my parents), is to save money by not buying drinks while eating out. Think about it. You’ll end up drinking more water, saving cash, and possibly losing a few pounds by cutting back on sodas. I still follow this same philosophy today.  If you have to have your diet Coke with dinner maybe skip the appetizers and/or dessert. Life without dessert may seem extreme, but deciding ahead of time what to cut will help you stay in control.

Now, I know what you may be thinking.  Going out to eat is part of what you enjoy most and part of your social life too.  I completely understand this. But I’ll let you in on a little secret, I still see my friends, family, attend networking events and go out for social gatherings all the time and usually do all while sticking to my food budget.  Instead of business lunch meetings, I opt for coffee meetings (saves time and money). Instead of always going out to eat with friends, we opt for potlucks at someone’s house.  We love this idea because everyone can bring their favorite signature dish to share, which is usually a great conversation starter and a less expensive route too.

If you just simply enjoy going out to eat and don’t want to give it up– don’t.  Instead, make sure you adjust your spending plan accordingly to ensure you are still in control of your food costs. Remember, financial planning is not about cutting the fun out of your life.  Rather, it is simply planning how you want to use your money to support your current lifestyle, while being able to save for your future one.

For further information I invite you to check out my blog www.Financiallywisewomen.com or email directly at This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Brittney Castro is not affiliated with MadeWomenMag.com. Brittney A. Castro is a registered representative with and securities offered through LPL Financial, Member FINRA/SIPC. California Insurance License #0F33895.

Published in Personal Finance