Plan a Food Budget

True or False? Coupons are the single most effective way to save money while grocery shopping.

• True

• False

Pharmacy 1 is selling one pack of toilet paper with 10 rolls for $10. Pharmacy 2 is selling one pack of toilet paper with 48 rolls for $24. Which statement below is TRUE?

• Pharmacy 2 has the lowest unit price of $0.50 per roll

• Pharmacy 1 has a unit price of $.10 per roll

• Pharmacy 1 has a lower unit price

Generally, when might it be a good idea to buy an item in smaller size with a HIGHER unit cost instead of a buying it in BULK at a lower unit cost?

(More than 1 answer)

• You have a small apartment with not much storage space so don't have room for bulk purchases

• The item you are purchasing is perishable and you are afraid that it will spoil before you eat all of it

• You have a weekly food budget and buying in bulk would break your budget

• The smaller size item is perceived by you to be lower quality than the bulk item

Which of the following is NOT an effective budgeting strategy for saving money at the grocery store?

• Always buy the item that's on sale

• Stock up on basic pantry items that you can use to cook a lot of different meals

• Prepare a grocery list before you go to the store, and avoid buying items that aren't on the list

When planning your food budget, it is a good idea to consider...(3 correct answers):

• The price of food in the city you plan to live

• Dietary restrictions and the cost of any special item foods

• How often you plan to eat out

• The overall inflation rate

Jordan is putting together a food budget for the month.

He is planning to spend the following amounts:

1) $50 each week on groceries,

2) Eat lunch out 20 times per month and spend $8 per lunch and

3) Eat dinner out 2 times a week and spend $20 per dinner meal.

Assuming a 4 week month, what should Jordan's monthly food budget be?

• $520

• $320

• $120

Which of the following statements about these two products are TRUE?

• The 10 oz. soy sauce has a lower unit price than the 20 oz. soy sauce

• The 20 oz. soy sauce has a higher price than the 10 oz. soy sauce

• The 20 oz. soy sauce has a lower price than the 10 oz. soy sauce

Which of the statements about the cereals listed here are TRUE?

• Ounces are the unit of measure used to compare the cereals

• Honey Nut Cheerios has the second highest unit cost among these cereals

• The total quantity of Fruit Loops is 84 ounces

• Honey Bunches of Oats has the lowest unit cost

What might be the reason(s) you purchase the 6 oz. yogurt? (2 answers)

• Both yogurts have an expiration date one week in the future and you eat about 12 oz. of yogurt a week

• The last time you bought the larger yogurt you wasted 2/3 of it

• The 32 oz. yogurt has a higher unit price

• The 6 oz. yogurt has a lower unit price