Who doesn’t want to save money on their grocery bill? Saving
on groceries can help you put more money towards your savings and investing
plans. We have talked about the
importance of having a monthly budget in previous blogs, and our financial professionals want to offer some concrete ideas to help you save. Food is one
of the largest regular expenses that we endure. The average family of four in
America will spend about $700 per month on groceries. Finding ways to save on
this expense will free up part of your income to help you save or invest for
the future. The trusted financial advisor team in St. Louis offers you these 9
tips to help save when grocery shopping.
1. Shop All At Once
Making one trip to the store to get all of your food for the
week can help you avoid extra purchases. Each time you enter the grocery store,
you may be tempted to make an impulse purchase; cutting down the number trips
into the store can help keep your impulses in check.
2. Use Up Food You Have At Home
About 25 percent of the food Americans buy gets thrown away
because it is outdated or spoiled. Be creative in using the food you already
have in your pantry or refrigerator at home, otherwise you are simply throwing
your money away.
3. Take Inventory Before
A major mistake many shoppers make is to go to the grocery
store without a list. Take an inventory of the current food you already have on
hand so that you do not buy duplicate items. This can help reduce the amount of
wasted food as well.
4. Plan Meals By Grocery Ads
Strategically plan your meals for the week in coordination
with food that is on sale in the weekly grocery ads. Many grocery stores have
apps where you can view current ads online as well as in the newspaper.
5. Try To Price Match
If you do a price comparison of different grocery stores,
shop at the one that offers to price match their competitors. You can simply
show the cashier a competitor’s price on a particular item at check out and
they should change their price to match.
6. Participate In Loyalty Programs
Choose to shop at a grocery store that offers a loyalty
program to save money. These programs usually offer special discounted prices
for members. Some offer a discount on gasoline purchase as well. Loyalty programs
can tempt you to purchase unnecessary items; the key to saving money is to
stick to what you planned on purchasing when you walked into the store. If you
get extra discounts on top of that, great!
7. Eat Before Grocery Shopping
Making a trip to the grocery store on an empty stomach can
be a bad idea. Food that you normally would not purchase will seem more
appealing if you are hungry. Eating before or having a snack can help you avoid
impulse purchases while shopping for food.
8. Avoid Pre-Portioned Packaging
Individual sizes of food packaging is typically more
expensive. If you purchase fruits or vegetables, buy the fresh, full size
options and cut it up yourself. The same cost saving approach goes for snack
size fruit cups or chips. You are usually paying for the convenience factor
when it comes to pre-portioned food.
9.
Stock Up When Price
Is Down
If there is a food item that your household uses frequently,
wait for it to go on sale and then stock up. This method is good especially
with meat or frozen food that you can buy in bulk and freeze to help last
longer.
Start Saving Now
Take some or all of these ideas on how to save at the
grocery store and apply them to your shopping routine. When saving money on one
budgeted item, like groceries, you can raise the budget for your investment or
savings plans. Cutting down on your grocery bill can help open up opportunities
to save more and invest for the future. Learn how to work towards achieving
your financial goals by contacting Bogetto & Associates.
Sources:
Financial Health...For Now & Tomorrow
Contact us Today
Website - www.bogettoandassociates.com
Telephone - 314-858-1602
Email - peter@bogettoandassociates.com
10805 Sunset Office Drive, Ste. 202
St Louis, MO 63127
Website - www.bogettoandassociates.com
Telephone - 314-858-1602
Email - peter@bogettoandassociates.com
10805 Sunset Office Drive, Ste. 202
St Louis, MO 63127
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Bogetto & Associates does not provide legal or tax advice. These topics are discussed in conjunction with your CPA, Tax Advisor and Attorney.
Bogetto & Associates does not provide legal or tax advice. These topics are discussed in conjunction with your CPA, Tax Advisor and Attorney.
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