Sunday, April 18, 2010

Preparing a Food Budget for Lunch and Supper

Factors must be considered
1. Income - The higher the income, the bigger is the amount spent for food.

2. Size and Composition of the family
The bigger the family the bigger is the budget for food.

3. Social status of the family - A family of high social status entertain guest often which requires a big budget.

4. Food likes and dislikes of family members.

5. Current Food Prices

6. Knowledge and Skills of the Home maker good money Management helps minimize expenses for food.

The meal planner should know how to adjust the daily budget whenever needed. It she spends more in one day, her budget the next day is affected.

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