Food & Finance

I received my W-2 statement in the mail today. After taxes, insurance, and other standard deductions, I brought home $26,632.12 in 2017. When you add in our side hustles ($1161.58), our total income for the year was $27,793.70. I mention this for two reasons. One, so I can marvel for a brief moment at the sheer awesomeness of living simply. If you had told me a decade ago that I would be living successfully on less than half of my then income…on purpose…and loving it…I would have called you crazy. The bank holding the note to my SUV, my suburban townhouse, and my camping trailer would have concurred. Today, looking at that W-2, I feel proud. I feel accomplished. I feel good about choosing time over money and I wouldn’t go back for every dollar in the world.

But…that’s not the only reason I mentioned our income. I wanted to use it as a real world example for today’s post on food waste.

Over the weekend, we watched the documentary film, Dive! If you substituted Angie and me for the folks making the film, this could have very easily been the story of our lives – minus all the meat. Everything they found – right down to the limes – is stuff we find in our own dumpster all the time. Blueberries, strawberries, bread, eggs…you name it, we find it. More than just the fact that we had similar dumpsters, what really stood out to me was that this film and their attempt to improve food waste conditions in CA was made in 2009 and yet here we are, nearly a decade later and 2,031 miles away, living the same story.

In the film, Jeremy Seifert makes a very valid point – Americans spend so little of their income on food that it has essentially lost it’s value. When we don’t value something, we have no qualms about throwing it in the trash.

At the time the film was made, Americans spent 16% of their income on food every year. Currently, we spend 6.4%; less than any other country in the world.

And still, we waste more than 1/3 of that.

Why? Because the scale of our personal economic impact is so small it doesn’t matter.

Let’s do the math. 6.4% of our income essentially means that 6 cents out of every dollar is designated for food. If we waste 1/3 of the food we buy, that’s 2 of those 6 cents. In reality, how much do we care about 2 cents? If the number of pennies that I find on the ground just walking into the grocery store is any indicator, then I’d say not much. But pennies don’t tell the whole story.

People don’t set out to waste food. We have every intention of eating what we buy but then life gets in the way. The apples rot before we get around to making that pie. The meat goes bad when plans change and we forget to freeze it. Or we get tired, bored, or disgusted with something before we finish it. And we throw it away because…it’s easy…it’s cheap…it’s not going to make a difference. Or is it?

Let’s try that math again. 6.4% of our income in 2017 would have been $1,779. In actuality, Angie and I spent more than double that amount on food last year, approximately 13% of our income (or $3,661.81). If we were “average”, $1,208 of that would have gone into the garbage as food waste. And that’s certainly not pocket change!

Perhaps you’ve been thinking about ways to improve your own financial situation this year. Skipping your morning coffee might put $500 back in your pocket for the year. Cutting cable will give you another $960. Heck, switching to Geico could save you 15% on car insurance (or so they say). But one of the easiest and most overlooked ways to start saving – simply reduce your food waste. Pennies do add up to dollars.

I don’t know about you but I’m not a fan of tossing money in the trash!


Food Waste Update

  • Wasted Food this week: 0
  • Total Wasted Food in 2018: 3 ounces
  • Found Food this week: 10 US pounds
  • Total Found Food this year: 43.75 US pounds

Keep up with our food finds in real time by viewing our Food Find Gallery.

8 thoughts on “Food & Finance

  1. Thanks for sharing the data on food waste. We have dramatically reduced our food waste the past year but still ended up tossing some. My goal this year is to toss less into my gullet and save money by eating less to lose weight. I also aim to learn to live well and SAVE on just above minimum wage as I am looking for new non-skilled jobs to avoid going back into the stressful health care field. I am learning lots from you guys and look forward to these posts. How cheap can I live???

    Liked by 2 people

    1. Thanks! That’s what we’re trying to figure out too – just how cheap can we live and still have a good quality of life. I hear you on not wanting to work in a stressful job. Angie and I both would rather pick up cans on the highway than to go back to the stresses of what most folks call a “real job”. We look forward to sharing in your progress too and any cheap tricks you find along the way.

      Like

  2. My New Year’s resolution is to do meal planning. When I’ve done it in the past I find much less or even no food gets wasted. Also it’s great to know what to make for supper each night so I find that part of the day much less stressful.

    Liked by 2 people

  3. Love this. I fully agree and am passionate about being intentional with food, honoring it from seed to plate. Not just for the money saved but because there’s so much joy in relishing abundance ♡

    Liked by 2 people

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