The amount of US$29 a week was picked because that's how much families on the Supplemental Nutrition Assistance Programme receive.
Writing on her Goop blog the actress gave herself a C- for her effort.
She said: "As I suspected, we only made it through about four days, when I personally broke and had some chicken and fresh vegetables (and in full transparency, half a bag of black licorice).
"My perspective has been forever altered by how difficult it was to eat wholesome, nutritious food on that budget, even for just a few days - a challenge that 47 million Americans face every day, week, and year."
She added: "I know hunger doesn't always touch us all directly, but it does touch us all indirectly. After this week, I'm even more grateful I'm able to provide high-quality food for my kids. Let's all do what we can to make this a basic human right, not a privilege."
The week after her failed attempt Paltrow was photographed at an US$85 a head dinner at a Los Angeles restaurant.