Food and Money: Rising Food Costs
When I came across this group of articles, I was really excited to be able to talk about my two favorite topics: food and money. It’s a couple weeks old, but Slate posted a very interesting article on the disjunction between rising food costs and the fiscally unrestrained foodie industry. Class discussions about fresh, organic food vs. processed food are commonplace now, but still foodie-centric blogs make a bigger deal about seasonal ingredients and fancy meals than cheaper alternatives. Why?
Similarly, but maybe more importantly, why are we so unwilling to enjoy our food while thinking about costs at the same time? Even personal finance bloggers, like our dear Nina, when asked, admit to splurging on food expenses more than anything else. Is it possible to enjoy your food and be frugal about it? Especially with organic food costs rising to astronomic highs!
I admit, I’m not exempt from culpability here- I recently wrote on my personal blog that my dinner at Momofuku Ko was the highlight of my dining this year. And yet, it also just happened to be the most expensive. Coincidence? Perhaps you could make an argument that price correlates with quality in food, but if you’ve ever gone to a taco truck, (or Queens, for that matter), you know that it is not true. I think it must be that we’re motivated to value things that are highly valued around us; my memories of dinner at Momofuku Ko have only heightened since reading the dizzying reviews. But what about creating a culture around valuing cheap, but good, food? After all, as the Slate article says
“We rhapsodize about la cucina povera‘”that is, “poor food” like polenta, beans, and braise-worthy cuts of meat like short-ribs and pigs trotters’”but we rarely talk about cooking in terms of dollars and cents.”
In this vein, I was encouraged to see the New York Times, that bastion of rampant foodie worship, review suburban chain restaurants, like Applebee’s and Outback Steakhouse. And, much to their shocked surprise, they found the food to be pretty good (I actually found their surprise to be a little condescending and offensive, but that’s another story). Conversely, I found it disheartening to see a major foodie blog, Serious Eats, pick up the story of rising food costs with little discussion. The few comments made revolved around blaming the larger agricultural system and encouraging people to grow their own food. While growing your own food is a wonderfully worthwhile and satisfying endeavor, so is making a grocery list/budget, which is much, much easier.
As someone who enjoys food, it’s a good exercise for me to understand the financial implications of my eating- which is why I’ve started posting the costs of each of the recipes I make on my food blog, caketime. Food and money, as we see from this more in-depth economist article are much more intertwined in the macro global system than in our everyday grocery-shopping lives. It would benefit us all to remedy that.
Grace and I have a couple tricks we use to understand our food related expenses, such as an expense tracking excel spreadsheet that we use to compare our grocery expenses from month to month. We also have a recipe binder where we keep copies of all our favorite recipes and mark the total cost of ingredients on the pages. Lastly, which is the easiest and most cost effective, we NEVER EVER go shopping without a list.
What do you do to better understand your food expenses? How do you cut costs when grocery shopping and eating out? Please share!
Well, we do grow some of our own vegetables. And we just joined Costco. But for the most part we rationalize our grocery spending with a few thoughts. First, that we want to put organic and healthy foods into our body and those of our children rather than pre-packaged or pesticide-ridden (or both) foods. Second, that since we’re constantly in agreement that we should spend less money eating in restaurants, anything we buy at the grocery store and cook at home will cost less than eating the same thing in a restaurant. So it’s worth it. If we spend $12 on a very nice piece of salmon, $4 on two artichokes, and serve those with some brown rice or olive and creme cheese paste (one of our favorite splurge meals), that cost is far less than a comparable meal at a restaurant.
If you notice a lot of the soul satisfying dishes are those that require long cooking times.
Time which many people say they don’t have so they go to the restaurants to get them.
This is where one of the all time great appliances comes in….The Crock Pot.
And for those who complain they don’t have time in the morning before heading to work to get it ready thats where the removable liner pots come in…fill it the night before and put it in the fridge then all you have to do is drop it in the base and plug it in before heading out the door.
~ Roland
My friends and I do a one-night a week foreign food potluck. Last week it was Belgian food and I made the amazing little tarts featured in this ebooks. Total cost to me? About $12 (including the price of the cookbook). Value of the meal at a restaurant? Probably around $40… Potlucks are a great way to save money on food, so find some friends who like to eat and have a great evening!
This is such an important topic. I agree, a shopping list is the most important step of sticking to a food budget. Plus, the OCD part of me really enjoys having all of my meals planned out for the week. And it’s always fun to get creative based on what I can find on sale at the grocery stores.
What’s a restaurant?!? Lol!
My partner is s/p gastric bypass, so eating out together is no fun anyhow. And as a family- eek! The noise and destruction our brood of 4 kidlets makes is no party! We *might* go to a Friendly’s very very early- and pace it as quickly as possible to keep kids under control. Languishing after a meal just ain’t happening! I greatly appreciate that my in laws have taken it as their calling to take my older kids out once a month individually to polish up their restaurant manners.
As for food costs- we’ve put in a bigger garden than ever with plans to freeze this year. It all makes me very nervous seeing headlines evryday about rising costs– but the tinfoil hat, conspiracy theory me wonders if this is part of some greater plot.