$250 a week – that’s what the average U.S. family with a moderate to liberal budget spends on their food. That means close to $1,000 a month or $12,000 a year is spent on groceries. For most people, that’s a huge chunk of their household budget. It’s hard to even fathom that much money a year goes toward groceries IN the home.
And, that doesn’t even account for what you spend to eat outside the home.
With a few helpful tips, you can slash your spending at grocery stores significantly, giving you more money for things you want or need to spend it on. What can you do?
Fret not, we got this. Happy Learning!
1. Check Out What Other Grocery Stores Have To Offer:
Many people shop at stores like – Wal-Mart, Costco, and others – because they think these stores give them the better prices. However, did you ever consider that their good deal may not be the best one? If your town has multiple stores – within reasonable driving distance – it may be worthwhile to see what other stores have to offer.
If you have bargain-type stores, you may consider getting some things there. If you have any Dollar Stores – like Dollar Tree or Family Dollar – in your town, you may want to see what they have to offer in deals.
Sometimes the one store you go to may not be the best one in deals. Expand your horizons.
2. Review The Weekly Ad:
The majority of stores have a weekly ad they print for their customers to look at. Did you know the items on the front page are considered loss leaders? This means the store loses money on those products. Take advantage of that loss by stocking up. Many of them will be discounted by as much as 50 percent. Of course, many stores impose a limit on the number of sale items you can purchase at one time.
Also, look at the weekly ads and do a price comparison. Stores like Wal-Mart and Target offer competitive pricing. This means they will honor the prices of another store, but you must show them the ad to get that price. Go through the sale ads and determine what products you’d like to buy on sale at the lowest price. You could save a lot of money doing competitive shopping.
3. Planning Your Meals For The Week:
The lack of meal planning often causes the upsurge in meal costs. The failure to plan your meals each day may force you to visit the store more often and buy things you truly don’t need. With that in mind, you need to plan out every meal of the week – not just dinner, but breakfast and lunch too. A snack wouldn’t hurt either.
Plan meals around what you currently have in your home. Once you’ve done that, go through the weekly ads to find what’s on sale and would sound good for the week. What could you add to the menu? Don’t forget the little extras and sides for your family.
4. Use Coupons Wisely:
Yes, coupons can save you money, but you should use them wisely. Many grocery stores will send coupons to their customers (Kroger, for example). The problem is that people use them immediately instead of waiting for a better time. For example, you could hold onto a coupon for store-brand French bread pizza and use it when the product goes on sale for a lower price. This will add to your savings.
If a grocery store offers digital coupons that you can load onto their card, it would be a wise idea to visit their website and load your products onto the digital card. Many people have a difficult time with digital coupons. As you’re loading the card with those digital coupons, write down what you loaded – the product name, quantity, and size.
Don’t forget to check out the Sunday paper for coupons or go online for coupons too. If you purchase a product regularly, it wouldn’t hurt to sign up for coupons and deals with the producer. If they offer you a coupon, you can use it the next time you need their product.
5. Develop A Price Book:
Many store hae amazing deals on items you could use. However, you many not know when the best time to buy is. Here’s how to figure out the best time:
Watch the products, write down when they go on sale in a “price book” – date, how much on sale for, size, etc. Review the ads and write down the date it goes on sale again. You’ll have an idea of how often the product goes on sale and when you should purchase in bulk.
With these five helpful tips listed, you can save yourself a ton of money on the grocery bill and get more bang for your buck!