A combined storing and slicing device is provided with a rectangular box-like container having one open shorter side through which a stick of butter or the like is received. A cutting line is held in a taut condition and is mounted for movement between a first rest position at the top of the open side and a second position at the bottom of the open side while traversing the open side. A cover is provided for the open side which retains the line in the second position when the cover is over the open side.