Ask most families to reveal their biggest budget expense, and the answer will likely be food. Between restaurant outings, grocery store bills, and snacks or fast food to fill in the gaps, the average American spends $151 a week on food.
Nearly half of us spend that much or more — and that doesn’t even factor in the cost of your time that it takes to shop, prepare, and cook meals at home.
Pulling together all the ingredients you need to cook every meal at home can get pricey if you don’t have time to shop sales, use coupons, or source the lowest-priced products. Here are some alternatives that could save you money (and time).
Meal kit delivery services can be cost-effective
Getting meals delivered straight to your home seems like a luxury reserved for the wealthy. But depending on your current culinary habits and food budget, meal kit delivery services could provide you with a healthy, cost-effective way to prepare your own food.
Meal delivery companies allow you to browse recipes, place orders (or subscriptions), and have ready-to-make meals delivered straight to your door. These services promise to deliver fresh ingredients that are easy to prepare and enjoyable to eat.
This type of meal delivery has increased in popularity, making services more accessible and affordable. They can provide customers with a lot of benefits, including:
- Convenience: Meal kits arrive at your doorstep with prepackaged, premeasured ingredients. Just cook as directed — no shopping or measuring required!
- Healthier food: Home-cooked meals are healthier than fast food. Meal kit deliveries combine the convenience of grabbing food on the go with the better-for-your-health benefits of meals cooked at home.
- Experience: Many times, people turn to going out for a meal as a form of entertainment. But preparing a meal at home with friends or family — without the stress of sourcing ingredients or measuring out exactly what you need while carrying a conversation — can provide a cheaper way to spend quality time with others.
- Less waste: Meal kits can help you cut back on food waste because they deliver only what you need. You don’t need to buy a whole carton of buttermilk for one recipe — your kit includes only what you’ll use.
If you rely largely on takeout or restaurant meals, you could save if you removed those expenses and replaced them with meal delivery.
A two-person plan from Blue Apron, for example, costs $60 per week. You get three recipes that each serve two people (that’s six meals total). You might even be able to stretch that further, depending on what kind of portion size you want; a smaller helping at dinner can mean leftovers for lunch the next day.
Compare that to eating at a restaurant: Three dinners for two people can easily cost double that amount — and that’s assuming you only order entrees, not apps or cocktails.
Compare different services for the best value
There are dozens of meal delivery options on the market now, and that number will only increase as the industry and market grow.
Before selecting a service, do your research and compare your options. Not all companies offer the same service, and factors like food qualify or how ingredients are sourced will vary across the board.
To help get you started, here’s a quick comparison of some of the biggest national meal kit delivery services. All offer free shipping and allow you to skip weekly deliveries when you don’t need it.
- Blue Apron
Price (3 meals per week for 2 people): $60
- Purple Carrot
Price (3 meals per week for 2 people): $68
Price (3 meals per week for 2 people): $69
Price (3 meals per week for 2 people): $72
As more and more services spring up, brands are finding ways to add value and draw in customers. Blue Apron, for example, also has a wine club that will help you pair some vino with your delivered meals.
Look for local options
The services covered here are nationally available, but there are plenty of meal delivery services available in specific cities and even local neighborhoods.
If you want to try meal kit delivery, check in your area to see all your options. A national brand may still be your best bet, but it’s worth exploring in your hometown, too.
If meal delivery doesn’t work out for your budget but you still need to save time on grocery shopping, try grocery delivery. Many stores now offer home delivery, and companies like Instacart can also hit up your preferred grocer and bring you what you need.
Is a meal kit delivery service right for you?
Of course, meal delivery services could increase your food bill. If you’re already good about shopping at the grocery store and preparing your meals and snacks at home, the added convenience of a service might mean paying more.
Track your spending for three months. Tally up every dollar you spent on food and note the source of each purchase. From there, you can determine if it’s worth it to try a meal delivery service.
If you find you’re constantly going out to eat because you don’t have food at home, experiment and see if getting ready-to-make meals allows you to cut back on expensive restaurant dinners.
Do you buy a lot of groceries, but find you don’t use them up before they go to waste? You might also benefit from trying a delivery service and cutting back on what you buy at the store.
If you consistently shop at the grocery store and make most of your own meals without issue, you probably have this meal thing figured out. While you can try a meal service if it interests you, know that it may not save you money over shopping at the grocery store.
Either way, the key is to track your spending before and after you employ a meal kit company to help feed you. Track your food waste, too. That’s the only sure way to understand if delivery services deserve a place in your budget.
Interested in refinancing student loans?Here are the top 6 lenders of 2019!
|Lender||Variable APR||Eligible Degrees|
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1 Important Disclosures for SoFi.
2 Important Disclosures for Earnest.
To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants will qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
Earnest fixed rate loan rates range from 3.89% APR (with Auto Pay) to 7.89% APR (with Auto Pay). Variable rate loan rates range from 2.50% APR (with Auto Pay) to 7.27% APR (with Auto Pay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms 10 years or less. For loan terms of 10 years to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 1.82% and 5.50% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of April 17, 2019, and are subject to change based on market conditions and borrower eligibility.
Auto Pay discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 04/17/2019. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice. Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 302 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, email us at firstname.lastname@example.org, or call 888-601-2801 for more information on our student loan refinance product.
© 2018 Earnest LLC. All rights reserved. Earnest LLC and its subsidiaries, including Earnest Operations LLC, are not sponsored by or agencies of the United States of America.
3 Important Disclosures for Laurel Road.
Laurel Road Disclosures
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the fixed rate will decrease by 0.25%, and will increase back up to the regular fixed interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower’s bank account.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the variable rate will decrease by 0.25%, and will increase back up to the regular variable interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower’s bank account.
All credit products are subject to credit approval.
Laurel Road began originating student loans in 2013 and has since helped thousands of professionals with undergraduate and postgraduate degrees consolidate and refinance more than $4 billion in federal and private school loans. Laurel Road also offers a suite of online graduate school loan products and personal loans that help simplify lending through customized technology and personalized service. In April 2019, Laurel Road was acquired by KeyBank, one of the nation’s largest bank-based financial services companies. Laurel Road is a brand of KeyBank National Association offering online lending products in all 50 U.S. states, Washington, D.C., and Puerto Rico. All loans are provided by KeyBank National Association, a nationally chartered bank. Member FDIC. For more information, visit www.laurelroad.com.
4 Important Disclosures for LendKey.
Refinancing via LendKey.com is only available for applicants with qualified private education loans from an eligible institution. Loans that were used for exam preparation classes, including, but not limited to, loans for LSAT, MCAT, GMAT, and GRE preparation, are not eligible for refinancing with a lender via LendKey.com. If you currently have any of these exam preparation loans, you should not include them in an application to refinance your student loans on this website. Applicants must be either U.S. citizens or Permanent Residents in an eligible state to qualify for a loan. Certain membership requirements (including the opening of a share account and any applicable association fees in connection with membership) may apply in the event that an applicant wishes to accept a loan offer from a credit union lender. Lenders participating on LendKey.com reserve the right to modify or discontinue the products, terms, and benefits offered on this website at any time without notice. LendKey Technologies, Inc. is not affiliated with, nor does it endorse, any educational institution.
5 Important Disclosures for CommonBond.
Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown.
All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on a 1-month LIBOR assumption of 2.49% effective March 10, 2019.
6 Important Disclosures for Citizens Bank.
Citizens Bank Disclosures
|2.50% – 7.27%1||Undergrad & Graduate|
|2.50% – 7.12%3||Undergrad & Graduate|
|2.53% – 8.79%4||Undergrad & Graduate|
|2.50% – 6.65%2||Undergrad & Graduate|
|2.55% – 7.12%5||Undergrad & Graduate|
|3.00% – 9.74%6||Undergrad & Graduate|