Increased food prices are not a big deal!
Today a report by the U.S. Labor Department said that January saw a big increase in the cost of food. They say the cost of food jumped at a rate faster than it has in the last seven months. Do I want to pay more for food? No. But is it a horrible tragedy that will ruin families? No.
I truly believe that families still have room for more saving and more conservatism in their consumption. While increased food prices may impact the grocery bill, most families have plenty they can do to stretch their dollars further. This isn't the end of the world. First, mom and dad can still save money by cutting out unnecessary things like eating out, smoking cigarettes, drinking alcohol, entertainment outside the home, and making unnecessary trips in the car.