Take a bite out of your food bill: How to save money on groceries and dining out

Food can take a serious chunk out of your budget, whether you’re a college student trying to get by on ramen noodles or you’re cooking for a family of five.

The average American household spent about $600 a month on food in 2016, according to the Bureau of Labor Statistics. About 44% of that was spent outside the home at restaurants and bars.

Americans are spending more on food each year and may soon spend more on dining out than groceries. Millennials in particular have been criticized for prioritizing avocado toast over home ownership.

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