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The simplest item to have in your food storage is cold cereal.  Cold cereal is eaten by anyone and everyone with or without milk.  Kids will not balk at eating it.  You can easily buy it in bulk amounts of 10, 20, 30, etc. boxes at a time especially through all the great sales at Albertsons.  I haven't paid more than $1.00 a box for months.  My kids regularly eat it so it's constantly rotated. And it's constantly restocked/replenished.