Food is really cheap if you eat the local way. I'm thinking $5 - $10 USD per day. That would even allow for drinks etc.
I was eating locally there and would splash out for seafood dinners etc and Still not that bad. The exchange was $1USD - $7HK at the time.
Breakfast - pick up local breakfast bread or bowl of rice porridge with fried bread.
Snacks - what ever yummy thing we saw along the way
Lunch - Dim sum, noodles, what ever looked interesting along the way.
Dinner - sometimes a takeout rice plate with choice of roast meat and veggies only $10 HKD! On Argyle St near Shanghai in Kowloon. Was around the corner from our hotel.
Snack - sugercane juice - $2HKD
Recommend buying some fruits since that makes a fast breakfast or snack.
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