Average Grocery Cost per Month for 2 People

To budget for groceries, you first need to figure out how much you can spend at the grocery store each month, based on your income and other expenses. Next, you need to make a shopping list that includes at least the essentials and stays below your budgeted amount, then stick to it when you go to the store. After that, you can make adjustments as needed and track your progress over time to make sure you're meeting your goals.

Americans spend a lot of money on groceries, with households spending an average of $6,053 in 2023 – a 15% increase just from 2021. As the cost of groceries rises, there are things you can do, such as meal prepping, using coupons and not shopping while hungry, that can help you keep your spending in line. We'll break down the best steps to take below.

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Grocery store credit cards are worth it for people with at least good credit who regularly spend a lot at supermarkets. The best grocery store credit cards reward you with 1.5% to 6% back on grocery store purchases and most don't charge an annual fee, which could mean big savings on your grocery bill every year.

Best Credit Cards for Grocery Stores

A grocery store credit card would not be as beneficial if you...

Yes, you should use a credit card for groceries. Using a credit card for grocery shopping is a good idea because it is convenient, secure, and a great opportunity to earn rewards – with the potential to save you up to 6% every time you buy groceries.

Why You Should Use a Credit Card for Groceries

• Convenience. Carrying a credit card is easier than making sure you have enough cash on hand,...

No, Costco is not part of the Chase grocery store list. Chase gives bonus rewards for grocery purchases made with eligible credit cards at full-service grocery store chains. This category also includes smaller stores that primarily sell groceries and grocery pickup and delivery services, if classified as a grocery store or supermarket. Wholesale clubs such as Costco and Sam's Club do not qualify as grocery stores for Chase's grocery store bonus category.

When Costco...

You can save money on groceries by doing things like sticking to a grocery list, using coupons, comparison shopping, and joining a grocery store loyalty program. You can also take advantage of credit cards or apps that give you cash back when you buy groceries.

American households spent an average of $6,053 on groceries in 2023, according to the latest data from the U.S. Bureau of Labor Statistics. That's a 6% increase from 2022 and 15% more than what households were paying for groceries in 2021. Below we'll list tips that can help you save on groceries.

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Yes, nearly all major grocery stores take American Express cards. ALDI, Meijer, ShopRite, Trader Joe's, Vons, Whole Foods, and Winn-Dixie are among the large supermarket chains that accept American Express cards.

Be aware, though, that some smaller grocery store chains and independent merchants may not take American Express cards. So, check with these retailers beforehand if you plan to use an Amex card to pay for groceries at their stores. Costco is one major...

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Grocery prices have surged in recent years, increasing by nearly 30% since 2019, according to the USDA. Income growth hasn't kept pace with these rising costs, making groceries less affordable and forcing households to spend a larger share of their earnings on food.

To examine the impact, WalletHub analyzed the prices of 26 commonly purchased grocery items across all 50 states. We then totaled these costs and compared them with each state's median household income to identify where residents devote the largest percentage of their income to groceries.

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You should budget $564 per person per day for a trip to Europe. This will be used to cover things like transportation, lodging and food, though the exact amount you end up spending will depend on factors such as the size of your family, the length of your stay, and the time of year you go. For example, a trip to Europe will cost much less for a single person than a family of four.

What Is the 50/30/20 Rule?

The 50/30/20 rule is when you allocate 50% of your after-tax income to needs/must-haves, 30% to things you want but don't need (nice-to-haves), and 20% to savings. This strategy will help you create a budget that focuses on prioritizing your necessary expenses while still allowing you to save.

Key Things to Know About 50/30/20 Rule

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Yes, you can use a credit card for food. You can buy food with a credit card at grocery stores, restaurants, wholesale clubs, food trucks, fast food locations, and anywhere else that sells food and accepts credit card payments. In fact, using the right rewards credit card to buy food can save you up to 6%.

Some of the Best Credit Cards for Food

Paying for food with a credit card is...