10 July, 2009

Family Dinners Under $10? You Betcha – Personal Finance Tips

As you may have noticed, the current recession has led to an abundance of frugality tips and suggestions – just the kind of lifestyle adaptations that are useful for people rebuilding credit after bankruptcy or other serious financial situations.

One such recession-inspired frugality story was done by National Public Radio. Called “How Low Can You Go,” it was an online and on-air challenge that encouraged listeners to submit family dinner recipes (to feed at least four people) that cost less than $10.00.

Currently, more than 300 people have posted recipes as comments on the Web site.

Some of the most commonly used ingredients:

  • Canned beans: Slightly more expensive than dried beans, these are much easier and quicker to prepare. Plus, they’re filling and versatile and can be used whole, mashed, fried, etc.
  • Rice: Cheap, filling and healthy – what more can you ask for in a food? Rice can also be bought in bulk if your family eats it often, which often translates to a cheaper per-ounce cost.
  • Fresh vegetables: Potatoes, sweet potatoes, tomatoes, onions, broccoli and more work well in a variety of recipes and are generally inexpensive.
  • Canned/frozen vegetables: These tend to work well when fresh vegetables are out of season and more expensive. Plus, they keep longer so you can take advantage of sales and coupons to stock up.
  • Spices and herbs: These are essential for cheap cooking – a couple shakes from the right bottle can add pizzazz to otherwise plain dishes. Even if you feel like you can only afford the basics, spices and herbs can help make them taste exotic.
  • Eggs: Boil, fry, scramble, poach – and all for a low price! Eggs are an inexpensive and easy way to add a kick of protein to a dish.
  • Lentils: These legumes are less familiar in the U.S. than some of the other ingredients on this list, but they cook similarly to rice and have a richer flavor – plus they’re filling and wildly inexpensive.
  • Pasta: This old standby comes up again and again in the recipes offered – and understandably. It’s easy to prepare, delicious, cheap and filling.

Other Suggestions for Eating Frugally?

If you have a favorite recipe or a go-to ingredient you use when you’re trying to cook a great meal on a budget, feel free to comment on this post with your winning suggestions!

I Just Have to Say…

This post seriously cracked me up: What is the Stupidest Thing You’ve Done to Save? Check it out!

The Bargain Babe is an awesome blog!

These tasty savings can help you save big bucks. But if you’re already struggling with your finances and are drowning in debt, maybe it’s time to take action and consider filing bankruptcy.

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