Value of a year's worth of groceries?

A pasta company is having a contest for which the grand prize is a year's worth of groceries.

I was amused that they value this prize at $5,200.

LAZ wrote:A pasta company is having a contest for which the grand prize is a year's worth of groceries.

I was amused that they value this prize at $5,200.

Once you pay the taxes on this income, you will have a lot less.

Regards,

LAZ wrote:A pasta company is having a contest for which the grand prize is a year's worth of groceries.

I was amused that they value this prize at $5,200.

That sounds low to me, but I just gave Whole Foods an appendage and the naming rights to my secondborn for truffle oil, saffron, organic lemons, sliced turkey (Vesuvio turkey breast is up to $11.99 per pound - WTF) and four pounds of sole.

Thankfully I have Tony's next week to offset with five cent limes and $2.99 per pound homemade pork roast.

$100 a week would work for me. Then again, you should see my fridge

I agree. $100 would probably be about right - or only slightly low - for me and my wife, if you exclude alcohol.

Cathy2 wrote:

LAZ wrote:A pasta company is having a contest for which the grand prize is a year's worth of groceries.

I was amused that they value this prize at $5,200.

Once you pay the taxes on this income, you will have a lot less.

Regards,

Since nearly half of Americans do not pay income taxes, some might benefit a lot from them. An Illinois resident at the top federal rate would only pay 42% tax on it, netting about $2800.

I would take it any day.

If I received a $100 voucher per week, I would put enough food into my pantry for the next two or three years.

$5200/year sounds pretty close if we are just talking food purchases(I dont shop @ price gougers like Whole Foods, etc). Most weeks on Friday I spend about $40 picking up pork, and other items for my weekend bbq, and then shoot for about $70 on Sunday.

sadly, I easily spend more on gas for our truck in a week than I do on groceries.