Budget is one of the most frequently used terms when it comes to money. Budgeting is encouraged so you can see where your money is going and where it could be used better.
So, let’s talk about the one item on everyone’s budget: groceries. This is an expense you can’t escape. We must eat to live, right?
Since the start of the pandemic, the cost of groceries has increased by 2.4 percent, and it’s estimated that in the first quarter of 2022, the overall increase will be 5 percent. This impacts your budget when you have a fixed amount to spend monthly on food.