Eating Well on $6 a Day

Thank You FINRA This program is provided through a grant from the Financial Industry Regulatory Authority (FINRA) Investor Education Foundation and the American Library Association (ALA). The grant is distributed as part of the smartinvesting@your library® initiative, an ALA program. This project is in its sixth year of educational partnership with libraries across Colorado and the country. Marsha Yelick CFA(retired) Financial Programs Consultant myelick@estesvalleylibrary.org 970-586-8116 Ext 831

Basic Financial Series: Basic Financial Classes Basic Financial Series: Everything you need to know to manage your own money and sleep well at night! Goal Setting & Financial Planning Key Investment Concepts Retirement Saving Vehicles Common Investment Types Managing Money During Retirement Classes Available

Expert Guest Speakers/Resources Welcome!

Knowing what you need to know and how to do it. MAJOR CONCEPTS

Major Goals Food is significant. We don't think too much about what we throw into our grocery carts, the value it holds and our quality of life.  Major Goals Major items of discussion: Home cooking! Quality ingredients Mostly plants Eat locally Improve your health Minimize the supersize Save $$$

Food as a part of the budget The top three categories in the average American budget are: 35% Housing (home) 18% Transportation (car) 13% FOOD (SMALL CHANGES CAN MAKE A HUGE DIFFERENCE) Save $25 a week (REMEMBER THIS) = $1,300/year FOOD

Americans spend comparative little on food as a percentage of earnings. Cheap Food TheAtlantic.com.

Americans spend another 6% of income eating out. That’s half the food budget! Eating Out TheAtlantic.com.

How we spend food dollars has changed over time. Changing Food Dollar 1901 2002 U.S. Dept. of Labor

The average American household (2.54 people) spends $151 per week $21.57/day. (Range is $50 - $300). How much?

How much do you spend? What? You don’t know? Really? How much?

The true cost of food… Affordable Food? Nutritional value Health value Taste value Digestive impact Environmental impact

$1 and…… A Home Cooked Meal Truly Affordable 30 minutes to cook & cleanup A little preplanning A shared family experience A delicious meal - Truly Affordable

Top affordable foods of value (according to someone)… FAVORITE TWELVE affordable foods brown rice quinoa lentils black beans whole wheat flour eggs cabbage carrots Colorado peaches Colorado cherries butter, soy sauce Healthy Food

Top affordable foods of value (according to someone else)… FAVORITE TWELVE affordable foods brown rice black beans garbanzo beans/chickpeas carrots potatoes apples popcorn cabbage cauliflower almond milk oatmeal/rolled oats fresh garlic Healthy Food

Top affordable foods of value (according to AARP January 15, 2016 CARROTS ($.25) PLAIN LOW-FAT YOGUART $.52) COTTAGE CHEESE ($.88) FROZEN PEAS ($.50) CANNED SALMON ($.75) WHOLE TURKEY BREAST ($.55 - .75) BLACK BEANS ($.30) RUSSET POTATOES ($.19) BROWN RICE ($.18) CANNED TOMATOES ($.16) APPLES ($.43) Healthy Food

The Grocery Store Your trip to the Grocery Store – any complaints?? … Limited choices in our area? Food selection caters to tourists? No practical selections? Too congested? Other complaints… The Grocery Store

Grocery Shopping Hints for smart shopping See what’s on hand first. Make a list. Don’t shop when hungry. Don’t shop in a hurry or last minute. Buy in season. Use coupons and/or buy store brand. Bring your own bags. Grocery Shopping

Grocery Shopping More ideas for smart shopping Limit how often you shop. Use up what you have. Wait one extra day before going to the store. (Clean out the refrigerator!) Buy ingredients with multiple uses. Think about buying in bulk. (Be careful) Explore alternatives (CSA, bulk purchases, etc.). Grocery Shopping

(for saving time & money and eating healthy) Planning is Golden (for saving time & money and eating healthy) Plan leftovers (frozen, next meal, lunches) Think crock pots, casseroles, and soups Prep ahead Keep grab & go foods on hand— “take-to-work lunches” Try a once-a-month (or -week) cooking day Savor meals with friends and family Eat slower with less distractions Planning Hints

Do your part… (and save money) Use Food WISLEY Research estimates that 40+% of American food is thrown away.

“Wear it out, use it up, make it do.”… Google recipes to use it up. Freeze, combine, create. Green Food containers make it last Replace throwaway with reusable Waste not, Want not!

o Eat flavorful food… Spice Up Your Life Once you get a spice in your home, you have it forever. Women never throw out spices. The Egyptians were buried with their spices. I know which one I'm taking with me when I go. Erma Bombeck o Spice Up Your Life

Cook Dried Beans Helps for dried bean cooking No salt in cook water (no soy sauce, stock, bullion, flavor packet) Soak - more water, more time at altitude Enhance flavors with aromatics Cook without heat last 20 minutes Use the crock pot Cook Dried Beans

Do some basics! Make your own basics… Bread Stock Sauces Salad dressing Croutons Etc. Do some basics!

Snacks Make your own snacks… Energy bars Trail mix Kale chips Cut fruits Cut veggies Cookies Snacks

Equipment Invest in cooking equipment… Rice cooker Pressure cooker Crock pot Good pans Good knives Immersion blender Food processor Equipment

Enjoy restaurants on a budget Plan (limit) your restaurant meals. Split an entrée. Take home the leftovers. Limit meals on the go (pack a lunch) Drink water. Eat out for lunch. Find a coupon. Order take-out. RESTAURANTS

Save $1/day = $365/year ($7/week) invest 20 yrs. at 5% = $38,861 Track your Savings Watch savings grow. Put money in retirement fund. Put money in emergency fund. Pay down your mortgage. Invest in profitable stocks. Leverage Your Savings Save $1/day = $365/year ($7/week) invest 20 yrs. at 5% = $38,861

The MAGIC of Compound Interest Retire HAPPY!

Eat delicious, satisfying meals AND save money! Cook from “scratch” Cook with love Eat healthy like they did in 1940 Make food an inspiration Make cooking a mindful activity Enjoy Conclusion

Spend less… enjoy it more! Thanks for attending! Spend less… enjoy it more!