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Author Topic: Let's compare what we pay for foods and grocery stuff!  (Read 313 times)
mnsx
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August 18, 2019, 11:53:22 AM
 #21

I haven't been keeping tabs on how much we spend day to day but my estimate is that the minimum we can spend a month on food would be $60, assuming $0.96 per meal for two people. Inflation is lower than same month last year though the prices can jump wildly from quarter to quarter but I haven't seen it above 5%. I think bitcoin prices still overtake it.


Where do you live ?
That price of 60 dollars is the lowest I have seen and I wonder in what country are you living.What is the average and minimum salary?We need to take into consideration quite a few things and then see what the actual cost of foods and grocery stuff is.
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TheCoinGrabber
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August 21, 2019, 08:11:31 PM
 #22

I haven't been keeping tabs on how much we spend day to day but my estimate is that the minimum we can spend a month on food would be $60, assuming $0.96 per meal for two people. Inflation is lower than same month last year though the prices can jump wildly from quarter to quarter but I haven't seen it above 5%. I think bitcoin prices still overtake it.


Where do you live ?
That price of 60 dollars is the lowest I have seen and I wonder in what country are you living.What is the average and minimum salary?We need to take into consideration quite a few things and then see what the actual cost of foods and grocery stuff is.

Eeeek. I just realize what I posted, must be groggy when I made my comment. $0.96/meal would be $2.87/day so that's $86.21/month per person. The daily minimum wage is around is $10 so that's about $229/mo. $1 is about the price of the cheapest rice meal at a McDonald's so it can still get cheaper if you try to eat in the small mom & pop shops.

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August 22, 2019, 09:20:25 AM
 #23

Since my partner and I doesn't have a kid yet our daily expenses would just be around 80 Php each meal.
It is around $4-5 per day.
The price for 1 vaind would be around 40-50 Php ($1) and 1 order of rice would be 10 Php ($0.19).

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August 22, 2019, 10:11:56 AM
 #24

*Maybe companies take into account the price it would take them to encash bitcoins thus they generally charge more so as to properly let their things slide*
I know that BitPay for example charges an extra fee for paying with Bitcoin, but that's more related to their anti Bitcoin stance. Bcash payments don't require a single penny in extra fees. It's a disgusting form of marketing.

I have actually seen some merchants offer discoints when you use Bitcoin as payment option. It helps them not pay the 3-4% credit card fees, and a part of this cost saving is offered to you as discount.

Overall, most merchants use a payment gateway to do the conversions so that they aren't exposed to the volatility themselves. People here don't like centralized payment gateways, but they offer a very useful service to merchants.

BSV is not the real Bcash. Bcash is the real Bcash.
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August 22, 2019, 10:37:31 AM
 #25

Honestly I don't know the prices of grocery items

Me neither, however, some stores are nice enough to publish them on the daily basis. I know for my country that Lidl does that (unfortunately you have to understand Romanian for that).

Milk, 1L, 3.2% :                          0.82$*
Water, 6 bottles of 1,5L:              3.5$*
Cheap Water, 6 bottles of 2L:       1.76$*
Salted Cheese, 400g:                  2.03$*
Eggs, medium, 10:                      1.29$*

*The RON-USD conversion I've made with Google.

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August 22, 2019, 04:39:34 PM
 #26

My daily expenses comes down to what I need to spend that day and what costs do I have. If we look at it on monthly basis it is easier to calculate and I can say it is around 500-600 dollars right now, I make around 300 dollars and she contributes another 300 dollars and we live fine, we are not rich and we are closer to poor, normally we should be spending about 1000 dollars to live a decent life but unfortunately both of us do not make that much money so we give up on some regular life style things and that way we can live cheaper.

Daily expenses do range from 5 dollars a day for nothing big to 50 dollars for big grocery shopping for the week. I think it is still more expensive than some nations but at the same time cheaper than some of the big countries as well.

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August 23, 2019, 07:42:35 AM
 #27

One gallon of petrol nearly $4.00

Milk per litre $0.9

Sugar 1KG $0.8

Mineral water 1L $0.3

These all I can remember but as far as I know the prices keep increasing due to the inflation rate on each country and also the tax rates depends on which country we are from.

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