6 Ways to Save Money on Groceries
Some readers recommend growing your own vegetables or herbs to cut costs on groceries. Others grow more than a few herbs or vegetables. Others simply factor the cost of growing your own food into their budget and consider it an investment. Many readers also have a tendency to reduce outgoing spending by buying organic coffee beans instead of coffee from the store. While this may seem extreme, it does pay off. Whether you grow your own herbs or just buy organic coffee, these are all ways to save money.
Buying in bulk
Buying groceries in bulk can save you money on groceries and packaging costs. Bulk purchases will reduce packaging waste and allow you to save money while increasing your pantry stock. Buying in bulk also allows you to save money during emergencies. But when you buy in bulk, be sure to only buy things you actually plan to eat. Avoid buying things that won’t last long and end up wasting money by throwing them away.
However, buying in bulk can also be a hassle if you’re on a tight budget. Buying in bulk may require you to pay in cash up front, which isn’t always the best option. Buying in bulk can also lead to higher interest costs, so be prepared to pay in full up front. Also, don’t go crazy by buying every item on your grocery list – start with just a few items at a time. Moreover, make the most of sales, coupons, and other special deals.
You can also share a membership with a warehouse store and divide the cost of the annual membership. This will allow you to save money on larger purchases. You can shop for groceries by yourself or with a partner at a warehouse store. Just make sure to compare your shopping lists to see if you have any common items. Buying a common item will save you money and time. A small purchase will add up to big savings over time.
Rounding up prices
If you’ve ever been stumped by your grocery bill and don’t know how to add up the cost of items, round up prices to save money. For example, a $1.49 jar of peanut butter might cost $2.75, so round up the price to $2.75 to avoid exceeding your grocery budget. Alternatively, you can use a phone calculator to figure out how much each item will cost.
While the 99-ending price is more appealing to bargain hunters, it can also create a false impression in consumers’ minds. Retailers who charge prices in dollars-and-no-cents may also be promoting the quality of their products. Ultimately, consumers may not respond well to round grocery store prices. Rounding up prices can save you money while also enabling you to eat healthier foods. But be aware of the costs and consequences of this practice.
Buying generic brands saves money on groceries. On average, American families spend about 33 percent of their income on groceries. That amounts to about $290 to $323 per month. Even if you don’t use all of the coupons at your local grocery store, switching to generics is an easy way to save money on groceries. In fact, switching to generics can save you $1,000 a year or more on groceries.
Many grocery stores sell generic brands. They are made by the same manufacturer as name-brand items. As a result, they will probably be of similar quality. You might even find some items on sale that are cheaper than the namesake brands. But how do you know which generics are better? Here are some tips to help you decide:
The first tip to saving money on groceries is to compare prices of generic and name-brand items. If you purchase a generic at Walmart, it will cost less than the store brand. When you shop for a specific name-brand, you might save money, but if you use a coupon, the price will be lower. If you’re in a hurry, you can also purchase the store brand, which is cheaper than the generic.
When it comes to saving money on groceries, most consumers agree that buying generic brands is a smart way to cut costs. According to the Food and Drug Administration, 81 percent of North American consumers buy store brands. The reason is that these products are just as good as their name-brand counterparts. In fact, some store brands cost 40 percent less than their name-brand counterparts. So, when choosing between the two, you’ll get the best of both worlds.
Shopping at multiple stores
Whether you have a long list or just a few things to buy for the week, shopping at more than one grocery store can save you a ton of money. It’s tempting to purchase things on sale or with a coupon, but this is not a smart way to save money. Even if you buy something on sale, you’ll still end up spending more than you intended. In addition to reducing your grocery bill, this strategy will also save you time by eliminating the need to shop at multiple stores.
In addition to comparing prices at different stores, shoppers should compare different types of stores. They should look for price differences between supermarkets, big box outlets, discount grocers, dollar store chains, and co-ops. For example, buying milk from one of these stores can save you up to 50% on the same item. Similarly, Wednesdays are often the best days to look for sales. For best results, shop at a few different grocery stores if you have time.
Keeping a running tally of what you spend on staple items is another effective way to save money on groceries. Try to round up prices, especially for items with an exorbitant price. Always round up your totals when you’re shopping, otherwise you may find that you overspend. Another tip is to use a phone calculator or even make tally marks on your list for every dollar you spend.
Meal planning is an excellent way to save money on groceries, especially if you plan ahead. Meal planning is a good habit for anyone to develop and is something that can be done on a weekly basis. Meal planning is a process in which you plan out meals for the week ahead, which may take a little time, but will ultimately save you money in the long run. Planning meals for the week ahead means you will be less likely to buy convenience foods and make unnecessary trips to the grocery store.
In addition to saving money on groceries, meal planning can also help reduce food waste. It is estimated that the average American throws away about 400 pounds of food a year. Besides saving money, meal planning allows you to plan meals around specific ingredients and get input from picky eaters. A great way to save money on groceries is by planning your meals ahead of time and making a list. You will be surprised at how easy it is to plan your meals!
Meal planning is like a puzzle. You want to choose ingredients that will complement each other. Ideally, you’ll choose one recipe and then find a variety of other recipes that use that same combination of ingredients. This way, you’ll end up cooking only one meal, which is better for your budget. If you’ve done this successfully, you’ll end up with a successful meal planning system. And don’t forget to assign themes to each meal – that way, you’ll be able to use the same recipes more often, saving even more money on groceries.
Using coupons to save money on groceries is a simple way to lower your grocery bill. These savings can be put to better use, such as going on a family vacation, or to buy more stuff that you normally buy. Many people even consider using coupons as a way of life. They can save up to 50% on everyday items like milk and bread, which can be used on a variety of other things. Using coupons to save money on groceries can make everyday purchases seem less costly, so there’s no reason not to start now.
When using coupons to save money on groceries, remember that not all items are the same brand. Some are more expensive than others, so don’t be too brand loyal when shopping. You can even stack coupons on top of BOGO deals for more savings. Another tip to save money on groceries is to buy store brands, rather than name brands. I found that I could buy eggs cheaper at Penny Saver brand than at Meijer, and Target’s Good and Gather all-purpose flour was less expensive than Gold Medal at other chain stores.
Extreme couponers may want to go out of their way to collect as many coupons as they can. If you are a serial couponer, you may run into brick walls at grocery stores or store managers. You might want to limit your extreme couponing to one brand or even one store. Using coupons to save money on groceries is a great way to save money on food, but be sure to use the coupons as intended.