The video entitled “Eat, Drink and Be Thrifty: Mint.com Monthly Food and Dining Spending” showed an average $581.46 spent each month on food and drinks alone based on users spending. The categories were further broken down into: Coffee Shops, Fast Food, Groceries, Restaurants, Alcohol and Bars, and Other.
Coffee Shops:
Average single transaction: $8.43
Number of transactions per month: 1.7
Monthly expense: $14.40
Fast Food
Average single transaction: $10.05
Number of transactions per month: 5.3
Monthly expense: $51.79
Groceries
Average single transaction: $41.97
Number of transactions per month: 6.8
Monthly expense: $286.91
Restaurants
Average single transaction: $28.47
Number of transactions per month: 6
Monthly expense: $172.27
Slowest month: December
Busiest month: March
Alcohol and Bars
Average single transaction: $42.27
Number of transactions per month: 0.8
Monthly expense: $32.85
Slowest month: February
Busiest month: December
Other Spending On Food and Drink
Average Monthly expense: $23.24
Total: $581.46
To watch the video see embedding below:
Roughly, how much do you think you spend on food and drinks alone each month? Is this a realistic amount for you? What advice do you have for others that has worked for you in cutting back expenses? Share in the comments below!
