Well, I never spend more than $125.00 per month per person for groceries, including an occasional drive through McDouble from the value menu.
We spent too much of savings and credit during the last 5 years to help our parents, and adult children, so every spare dime these days is going to pay down debt.
The only discretionary spending this year has been to buy some fruit trees, grapes, berries, and seed for the garden. We have also taken some money from savings and bought silver eagles.
Not going to do anything else except retire debt. If things get too bad, we’ll rent our basement out. We have an apartment there that we used for kids who returned to the nest for a while, and parents who could no longer live alone.
We designed and built our own house, so it’s really cheap compared to what it would have been. But even if I had $1000 a month extra, I would not spend it. I would retire debt, and buy silver, land, ammo, or anything else likely to retain some value when the dollar collapses and/or hyperinflation begins again.
” The only discretionary spending this year has been to buy some fruit trees, grapes, berries, and seed for the garden. We have also taken some money from savings and bought silver eagles.”
Good post.
Sound advice.