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Monday, April 29, 2013

Could you eat for $1.50 a day?

Very interesting topics on MSN Money and I thought I should share :)

The Live Below The Line challenge proposes a 5-day grocery budget of just $7.50. Use this as a reality check for your own food bills

Logo: Groceries

Ben Affleck fans were all agog when the actor announced he'd be spending no more than $1.50 a day for food. Affleck and other celebrities (and ordinary citizens, too) will tighten their belts Monday through Friday this week as part of Live Below the Line, an initiative designed to raise awareness of global hunger and poverty.

The challenge is simple: Agree to spend no more than $1.50 on your daily grub from April 29 to May 3. That figure represents "
the accepted global figure used to define extreme poverty," according to The Global Poverty Project, which created the challenge.

The cutback is also designed goal is to raise money for global hunger and poverty programs. Participants can collect pledges or donate on their own.

Even if you don't opt to join in, you could use this as a reality check for your own grocery bills.

Think of it as boot camp for your food bucks, or a fire drill for your finances. After all, food is the most bendable place in the average budget. Knowing that you could eat on much less than you're spending now would mean a little breathing room if your finances suddenly go south (e.g., layoff or illness).

Obviously it won't be easy. A full seven days