The majority of people don’t plan their food-related purchases. This causes overstocking on foods that cost them 50% more than they should have really spent. And all that excess often ends up in the waste bin. Some 20% of consumers tend to go by a grocery shopping list – but still without a meal plan. And that still causes some waste in the end. Studies show only 3% of consumers build a weekly or monthly meal plan and buy food based on what they actually plan to cook. For this group, excessive spending and waste ratio are close to zero.
According to the USDA, the average family spends $1,060 on food each month, of which nearly a third – $318 – is wasted. RightBank helps you plan your meals by providing you with daily-to-monthly meals, recipes and grocery shopping lists in advance. Then you will be able to cut waste and unnecessary purchases to save yourself extra money.
Meal plans are built based on your preferences (e.g. Mediterranean, Asian, American) and you get a menu for all meals for the next week or month. All meal ingredients are itemized and structured into the shopping lists for each grocery store visit. This way your food expenses are known and accounted for the next month.
Following a meal plan helps you save some $300 each month by cutting on unnecessary purchases and related waste, and ultimately helps you save an additional $500 or more each month.
Be wealthier,
RightBank Team