Most people do not enjoy the experience of going to the grocery store. We enjoy the food but not the shopping. Maybe it’s because you spend an hour or more looking for the items your need, then another half-hour to stand in line and that does not include the unpacking time at home. I don’t know about you but weekly trips to the grocery store would cost me more than $250 (thats about $1,000 a month) for a family of four, yes you read that right! I realized that half of that money could be better used to save, pay down debt, or fund a vacation.
Consider spending no more than 30% of your take-home pay toward flexible spending. These are day-to-day expenses that can vary from month to month, like eating out, groceries, shopping, hobbies, entertainment, or gas. But even if you fall short of spending less than the suggested amount always take into consideration your personal financial situation. Check out these four simple ways to cut your grocery bill without clipping coupons.
1. Shop with a list
A list creates order and accountability. Before you head for the grocery store scan the items you already have at home and decide what’s needed for breakfasts, lunches, snacks, and dinners for the next week.One of my favorite app is called Flipp. I personally use this app to plan out my weekly meals based on what’s on sale. Flipp is the essential app for your weekly shopping. You can search circular deals and coupons by item, brand, or category to quickly find the best deals on your weekly essentials and make saving money super easy. Remember when you get to the store, stick to your list! It’s one way to ensure that you don’t overspend.
2. Cash Only
Researchers have long maintained that consumers making purchases with cash spend less money and make wiser purchasing decisions than those who use plastic to pay for purchases.Having only cash teaches you how to better manage your money, helps you gain a true understanding of your needs and wants, and may spark some creativity to help meet your goal. When you go to the store with cash you’ll stick to necessities rather than impulse buys.
3. Forget Brand Loyalty
Did you know generic products tend to be cheaper than brand-name products? You could save an average of 25% when you trade big brands for store brands. In a 2012 Consumer Reports survey of more than 24,000 readers, 74 percent were highly satisfied with the quality of store brands at their supermarket. When asked “In general do you think that store brands are usually better, the same as, or worse than national brands,” 3 percent said better, 78 percent said the same, and 18 percent said worse.Give store brands a try and save!
4. Price Matching Power
Price matching is a smart and easy way to save money on your grocery bill, but if you don’t know which stores offer a price match guarantee and what the rules are, you could easily miss out on your savings.Research ahead of time the different price matching programs at grocery stores in your area, and take full advantage of this savings opportunity.