Cost savings

Food falls under the category of fundamental needs and consumes 50% of income. Therefore, you should only spend 20–25 percent of your entire 50% of income on food in order to balance spending on other requirements. Making a meal plan a habit can enable you to cut costs. That's a respectable sum of money.

You could also save money by making a grocery list to correspond with your meal plan, sticking to it when you go shopping, and planning your meals in advance. You have planned your meals and will make fewer unneeded purchases at the grocery. Additionally, you can lower the expense of eating out or getting takeaway from restaurants. In addition, when planning your meals, you are also clearly aware of how much money you are spending on food, thereby setting other financial goals in a more favorable way.