I think it's totally possible. Make the best use of coupons, special buys and store sales. I've found lately that if you email a company (or take a look around their website) you can request coupons from them. More than once I've gotten coupons for free items which just helps out even more with the grocery bill.
Also, think double duty meals. Like was said before, a good sized roast can be made into sandwiches, added to soups, etc. Any vegetables left over after a meal can be frozen and added to a stew later (no purchasing more veggies), the same can be done with rice.
Filler foods will become your best friend. Rice, potatoes, bread crumbs, etc. can stretch a meal further than one might think.
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