Food wasted is money wasted

Since it has been making headlines in the mainstream media for some time, you must have heard about it. It is estimated that about a third of all food produced in the world is not eaten and wasted. Recently, I was reading that Canadian households throw about half the food they buy in the garbage. This is bad economics. Here are simple figures to make my point.

You might remember the campaign a few years ago about the challenge of making $5 meals. Those were the days of the Great Recession of 2008 when some people discovered that economy is not always up and economic hardship made them realign their priorities. But time goes by and with economic recovery, being money-savvy has become boring again and who does still care about the $5 meal challenge today? You can see in the text of my Gallery page that all the great dishes I photographed cost even (much) less than $5, so not much of a challenge if you actually can cook and have a good sense of money. So, I will take $5 for a meal per person and with two meals a day that will be $10 per day per person.

Over a year that is $10 x 365 days = $3,650 dollar in food per person

Let’s take the world average of a third of food wasted: $3,650/3 = 1,217 dollars thrown away in the garbage per person per year.

If you take a household of two persons, that is $2,434 wasted per year. For a household of four, that is $4,868 per year. In the shameful case of the Canadian average of 50% (apparently, American and Australian households do not do much differently than the Canadians), these numbers become respectively $3,650 and $7,300 per household per year.

Another way of looking at the impact on household budget is to take the share of the food budget in the entire household budget. In Western countries, food represents roughly 10% of the household budget. Then, it is easy to see that 50% food waste represents 5% of the household income, and a third would represent 3.3% of the income.

Just as in my previous article about cooking in which I presented a calculation of how much money cooking can save you, you can see how much money you can save by not wasting food. That is free money that you can use to pay your mortgage or anything else useful to make your life better now or for the future.

These two examples, cooking at home and not wasting food, save literally thousands and thousands of dollars per year to your household, and the amazing thing is that this is YOUR money. You can make it work for you or join the legions of people struggling financially because of poor sense of home economics. This is easy money to keep on your bank account. All it takes to save this money is just some sense of organization in the kitchen and a bit of discipline.

After reading the article about the poor Canadian performance (I live in Canada), I did my own estimate of how much food I throw away, and I got to a figure less than 1%! Next to that, I compost all food scraps and I use the compost in my garden where I grow my own produce, which also saves me money and it is all produce free from any chemical whatsoever!

And when it comes to food waste, there is of course the issue of waste at the level of restaurants and retailers. Don’t hold your breath too much. I have heard about this problem for about 50 years and it clearly has not improved all that much despite the active communication campaigns when the issue makes the media headlines. I recently read that the US retailers Kroger and Walmart were re-evaluating their “ugly produce” concepts as they notice that consumers prefer to pick the pretty ones, which sounds like they might give it up. So much for social and environmental responsibility that we always hear so much about. When it comes to the $$$, then it is a different tune. There is a reason why there are different quality grades and why people make the choices they make. It is called market and price. It is also about knowledge and perception. it is also about store ownership. I can tell you this: when I was a kid, I used to go with my father on the market. We made sure that we would never throw anything away and that all our products would be sold by the end of the day. It required sensible planning and also the proper commercial thinking, which sometimes included to adjust the pricing on slow days. Money always talks to customers. it also talks to business owners. Trust me when it is your money that is in the business, you look at it quite differently than when it is someone else’s.

Copyright 2019 – Christophe Pelletier – The Happy Future Group Consulting Ltd.

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Cooking is an act of love

Often, I get the feeling that a lot of people resent cooking. Personally, I love it.

Cooking is not very difficult. There are plenty of recipes that can be done successfully by about anyone. Like everything else, there is a bit of a learning curve but it does not need to take long to be able to prepare decent meals without much effort.

Cooking does not take as much time as many people believe. Within 30 to 45 minutes, anyone can make a great dinner and I mean a great dinner. The trick is mostly about using time efficiently by getting started and preparing some parts of the meal while others are already cooking. Are those 30 to 45 minutes really that horrible? I think not. Just think about how much time it takes to go out for dinner and back, especially if you take into account waiting times and travel. Are 30 to 45 minutes watching lousy TV programs or spending that time on so-called social media giving away your personal information to third parties that do not care for you? Just do the math and compare. Then, you will see that cooking at home actually saves you time and provides you with a better quality of life than passively staring at a screen.

A great advantage of cooking is that you know what you put in the food, well that is if you cook from scratch. When it comes to what is in your food, there is a rather simple truth: the one preparing the meal decides what is on your plate. You will be the one in charge if you cook. If you buy your food already prepared, clearly it is someone else who will have decided for you and you will have no control, and they might not have your best interest at heart, either. When it comes to food preparation, the secret ingredient for great food is love. That is why grandma’s meals tasted so good. These meals were not prepared by a machine or a stranger, but by someone who wanted to make you happy. That is the difference.

Cooking is an act of love. It is something you do for your loved ones and when you cook you want to give a smile on their faces. Of course, like all things love, it is not a given and it requires some work, but it is fun work. The more love you put in the food, the tastier they find it. Also, if you put much or any love in the food, they will notice, too. Cooking is not about gender. Men can cook. I do and you should ask my wife and all the guests that I have invited home what they think. Cooking does not make men impotent and neither does it influence their sexuality. Only morons spread that kind of nonsense.

Another advantage of cooking is that it saves you a lot of money. With the kind of food I cook (see my gallery), I come down to about making meals 10% of what I would be charged in a restaurant, and I do not even include taxes and tip in this calculation. At the end of the year and depending on how large your family is and how often you choose to cook instead of eating out, you can save thousands of dollars that can go to your mortgage instead of for other more useful purposes. Here is a simple calculation: if cooking your own meals saves you $50 per week compared with eating out, and you do that 50 weeks a year, the total savings will be $50 x 50 = $2,500 per year!

Cooking your own meals increases your financial security level. That is worth a little work.

Copyright 2019 – Christophe Pelletier – The Happy Future Group Consulting Ltd.