Saving cold hard cash on groceries is really quite easy. There are a few basic tips and tricks that you need to learn. You can reduce your monthly food budget by as much as 25-50 percent. That is a huge savings for anyone whoís on a tight budget. If you follow a couple of the suggested tips in this article you will have money to burn.
This is my favorite “learning how to save” video ever. If you haven’t heard about Dave Ramsey, you are missing a lot, especially if you are living paycheck to paycheck.
We all know that the prices of food items is rising on a continual basis. The government claims that there is virtually no inflation but our food bill tells us otherwise. Therefore, it is important to forget what the authorities are saying and trust in our own abilities to get by and save money.
The first thing that you should always do is shop at stores that have the lowest price on any items that you continually use. This may take a little bit of leg work but it will be well worth it. You also may end up shopping at more than one store for your weekly grocery supplies. This will take some time and effort but the huge savings will start to mount up week after week.
Sometimes the price difference between stores is quite large. For example, a basketful of specific grocery items at one store may be 12 dollars while at another store it could be as low as eight dollars. That is a four dollar, or 33 percent, savings. Once you have established which store has a lower price on a particular item you will be able to complete your grocery shopping in record time.
An average family of four will spend approximately $600 or more per month on their groceries. If that family could reduce that by $200 each month they would save $2400 by the end of the year. There are a lot of necessities that a family could purchase for $2400. A couple of large freezers will be a good idea.
The next big way to save money on your groceries is to buy items on sale. This does not mean that you purchase one extra can of pork and beans because they are on sale for $.50 less per can. To really save big you will need to purchase three cases or 36 cans of pork and beans. This will save you an instant 18 dollars. Sale items that offer a great discount should be bought in mass quantities.
As long as you have storage room for these large quantities and there is no chance of the product going out of date, then you should go for it. In fact, at the end of the year you should have enough money to purchase that large freezer which will also help you to save money by putting those frozen specials somewhere.
A smart family will plan their meals around perishable items and what they have in their pantry rather than buying a weekís worth of meals each week. A smart family will also have a couple of large freezers, a pantry area, and if possible a root cellar. Those are just two of the many tips to help you save money on your grocery budget.