Hehe, $130 could last me an entire semester when I was a college student. Think bag of rice, packs of instant noodles, head of cabbage, pack of hot dogs, bread, head of lettuce, and a few tomatoes, cheese, bag of frozen peas, pack of ham or turkey ham (or even spam), some canola oil, and some eggs.
Eggs, peas, ham, rice & some oil make for a mean fried rice. Make a batch and it will last you a few days. You can freeze the ham and peas and it will last a while. I used to make this for floormates from time to time.
Instant noodles, cabbage & hot dog slices make for a decent quick meal when necessary. Hot dogs can be frozen as well. Cabbage lasts a while when refrigerated.
Bread, lettuce & tomatoes, cheese and ham make for a decent sandwich. Bread can be frozen to preserve it. Just toast it and it will be fine. Or use the eggs, tomatoes and cheese to make another decent sandwich. Lettuce and tomatoes can last for close to 2 weeks if your fridge is decently cold.
Lettuce and tomatoes can be used to make salad (you can buy dressing or use a little salt and pepper).
You can even pick up some butter or peanut butter to pair with the bread for breakfast, and maybe pick up some cheap fruit from time to time (apples do nicely). Only things you will need to buy bi-weekly are probably bread (you will run out), eggs (run out), and some of the veggies (which go bad if you don't use them by then). I know this sounds bad, but I used to just grab condiments from the school cafeteria (i.e. salt, pepper, mustard, ketchup packs).
I guess you might want some instant coffee as well. If you're a milk person, I suppose that might break the budget a bit. Overall, not the most healthy, but not bad either.
Once in a while I would splurge and go to the Chinese restaurant down the street which had a $5 lunch special. That would feed me for three meals. The soup would be breakfast, the eggroll would be lunch, and the entree would be dinner.
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