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10 Supermarket Spending Tricks You Need To Know To Save More On Groceries

10 Supermarket Spending Tricks You Need To Know To Save More On Groceries

Food is one of the inevitable spendings that eat out a huge chunk of your budget. Yet, you can cut down your expenses drastically without giving up on the goods you love! Try using at least a few of these smart tricks and watch your check shrinking for at least 30%.

1. Opt for bags and bundles

You do know that buying in bulk is cheap. However you always felt reluctant about dragging a truckload of food back home, especially if there’s just the two of you to consume it. Well, middle-sized multi-packs are amazingly great deals too! For instance, a bundle of 4 Dannon Activia yogurts costs 2.58$, when a single cup is typically priced around 1$. Same works with buying loose grocery vs. bagged. Five pounds of potatoes are 36% cheaper when bought bagged. This trick works fantastic with foods, soap and pet food.

Money spent WITHOUT the trick: $22.50

Money spent WITH the trick: $14.40

Money saved: $8.10

2. Grow your own herbs

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    Stop buying bundles of herbs for 2$ per item and make your living space greener instead.You neither need advanced gardening skills, nor a lot of space to set up a small garden, say on your kitchen window or porch. By investing around 5$ once, you will always have fresh fragrant herbs in stock. Plus, no extras spoiled and wasted when you decide to make a few changes in your weekly menu.

    Money spent WITHOUT the trick: $40 per month

    Money spent WITH the trick: $5 for seeds and pots

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    Money saved: $35

    3. Do your own slicing

    Yeah, you love having everything beautifully sliced and vacuum packed for you in pretty packs. However, if you are on a mission to save as much money as you can, you’ll have to do all the peeling, slicing and dicing yourself. It’s pretty rewarding as, for instance, a cut and peeled pineapple costs 5.99$, whereas the uncut one can be bought for just 3.99$. Same applies to whole chicken vs packaged, block cheese vs sliced, and much more goodies.

    Money spent WITHOUT the trick: $33.78 per month

    Money spent WITH the trick: $18.58

    Money saved: $15.20

    4. Do some reconnaissance

    Make a list of items you always buy (e.g. milk, bread, chicken, soap etc) and devote your day to analyzing the prices at a selection of stores in your area (Walmart, Target, supermarket, dollar store) to run a smart price comparison. Put all the data in a spreadsheet like this to go through it later and find out the cheapest place to stock up on the basics. Also, I would add a separate graph listing types of loyalty cards each store offers and which rewards you can get if sticking to a certain chain.

    Money spent WITHOUT the trick: $25 per week on average.

    Money spent WITH the trick: $21.25

    Money saved: $3.75 per week and 15$ per month

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    5. Shop organic … at Walmart

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      Walmart decided to be in trend this year and introduced his own line of organic products – Wild Oats Marketplace. It includes a variety of foods from canned veggies to organic chicken broth, that are 18% to 40% cheaper than similar organic goods at specialized stores and some other big-box outlets. For example, Wild Oats organic pasta sauce costs 40% less than a similar sauce at Target.

      Money spent WITHOUT the trick: $50 per month on average

      Money spent WITH the trick: $32

      Money saved: $18

      6. Check out the discount rack

      Certain products are placed in supermarket clearance sections not because they are bad, but for a number of other reasons like damaged packaging now looking not so flashy and attractive; being slightly off season – Christmas cookies are still delicious in March; or merely just because the manufacturer decided to discount them for some particular reason. Buying discounted stuff will save you at least 50% of the original price if not more. You should still double-check the expiration date though.

      Money spent WITHOUT the trick: $38 for groceries and candies

      Money spent WITH the trick: $19

      Money saved: $19

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      7. Plan menus by the ads

      Now most people first plan their weekly menu and afterwards start searching for relevant discounts and coupons. However, by doing the opposite: finding the hottest deals first and planning your meals around them would save you up to 50% of your weekly bill. Get a few shopping apps installed like Retail Me Not and SnipSnap to take pictures of printed coupons and flash them at the store. Plus, subscribe to newsletters at various stores to be the first to know when certain items go on sale.

      Money spent WITHOUT the trick: $98 per week

      Money spent WITH the trick: $60.76

      Money saved: $37.24

      8. Sign up for subscriptions

      Now there’s a certain list of goods you inevitably stock up on each month – shampoo, bottled water, laundry detergent etc. Save time and a bunch of money by opting for monthly home-delivery subscription services. Amazon guarantees up to 15% discount on your entire order, plus free delivery at your doorstep at the day you’ve selected. Target recently launched a similar service offering free delivery and 5% extra discount added to your Target REDcard discount.

      Money spent WITHOUT the trick: $120 per month

      Money spent WITH the trick: $85.20

      Money saved: $34.80

      9. Buy for 10 weeks at a time

      Did you know that sales typically run through cycles on an eight to twelve week rotation? Take advantage of this fact and stock up with discounted goods in advance. Say, you usually eat one pack of cereals per week. Get ten when they go on sale and put an extra fiver straight to your piggy bank.

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      Money spent WITHOUT the trick: $32.80

      Money spent WITH the trick: $27.80

      Money saved: $5

      10. Learn the layout

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        According to a recent study by Marketing Science Institute the less aisles a shopper visits, the less impulsive purchases they make. While those who walk around the entire shop usually end up with 68% of unplanned purchases, more determined shoppers with a clear plan in mind, usually grab less than 50% of random things to their baskets. Besides, you should avoid pooling goods from middle shelves as loads of companies pay for being placed exactly at your (or your kid’s) eye level. Don’t be lazy to squat and check out the lowest shelves or stretch up to the top where you are likely to find way better deals at lower prices.

        Money spent WITHOUT the trick: $32.80

        Money spent WITH the trick: $27.80

        Money saved: $5

        Featured photo credit: Charlotte via flickr.com

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        Elena Prokopets

        Elena is a passionate blogger who shares about lifestyle tips on Lifehack.

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        Last Updated on July 10, 2020

        The Definitive Guide to Get out of Debt Fast (and Forever)

        The Definitive Guide to Get out of Debt Fast (and Forever)

        Debt can feel crushing, like a weight that is always weighing you down. Looking at those numbers, it can feel as if you’ll never get out from under it. However, if you really want to learn how to get out of debt, it is possible with a great deal of focus and self-control.

        Getting out of debt isn’t impossible. Like any big goal, all that it takes is an action plan to identify where you are and creating a plan to zero out your debt.

        Identifying All of Your Debts

        The first part of paying off your debt is getting a complete picture of what you owe. When you have everything written out in front of you, it makes it much easier to create an action plan. Depending on how much you owe, it might also help you realize it’s not as bad you might have originally thought.

        Here’s how you can get started identifying your debts:

        1. Own Your Debt

        Before you start identifying all of your debts, take a moment to process that you have debt but want to get out of it.

        Forgive yourself for any past mistakes, missed payments, or overspending. It might be painful to accept how much debt you have at first, but you must own it.

        2. Make a Debt Tracker

        It’s astonishing how few people ever created a tracker to understand their total debts. Most likely, it comes from not wanting to accept the guilt of having debt, but, if avoided, it can make it nearly impossible to get out of debt.

        Open up a new Google or Microsoft Excel sheet and list out all of your debts. Start with the name of the creditor, interest rates, total balance, loan term length (if any), and the minimum amount due each payment. This will include student loans, credit cards, and any other type of debt owed.

        3. Get Your Debt Number

        Once you’ve made your debt tracker and taken the other steps, identify your total payoff number. This is crucial, as you will have a starting point and a clear goal that you are trying to achieve.

        Prioritizing Your Debts

        All debt is not created equal. It’s imperative to understand that there are different types of debt.

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        1. Understand Bad and Good Debts

        Bad debts are usually paying for things you want instead of always need. While there might be some emergencies that max out your credit cards, often times it’s excessive spending[1].

        There are three main types of bad debt:

        • Credit Card Debt: The average American household owes over $16,000 in credit card debt!
        • Auto Loan Debt: According to CNBC , the average auto loan in the US is $30,032!
        • Consumer Loan Debt: Consumer loan debt isn’t as common as credit card and auto loan debt, but it’s still considered bad as interest rates are usually between 10-28%.

        Good debt is identified as investments in your future. Here are three common types of good debt:

        • Student Loan Debt
        • Mortgage Loan
        • Business Loans

        2. Decide Which Debt to Pay off First

        Once you know each type of debt and their interest rates, you can begin to pay off debt quickly.

        Focus on paying off bad debt first, regardless of if it is a credit card or auto loan. Start by paying off the loan with the highest interest rate first.

        If you have several credit cards with different interest rates, you want to focus on the one with a higher APR. You will actually save more money by eliminating the card with the highest interest rate.

        3. Don’t Pay the Minimum Amount

        Paying the minimum amount digs you into a hole as interest rates will offset your payment. Even a small amount more than the minimum can help you pay off debt much faster.

        Removing Obstacles to Pay off Debt Quickly

        Creating a debt tracker and prioritizing a plan is simple, but avoiding temptation can be difficult.

        1. Set a Reminder to Track Your Debt

        “If you can’t measure it you can’t manage it.” -Peter Drucker

        It’s so important to track your debt to ensure that you get it paid off quickly. Similar to working out and measuring your results, you need to track your debt constantly. Start with a weekly reminder, where you sign on and log your updated number. Did you increase, decrease, or stay the same?

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        Regularly tracking your student loan balance can be incredibly motivating, as well. You will get a huge confidence boost each time you see your total debt amount decreases.

        Set weekly and monthly goals so you can have short term wins and keep the momentum going.

        2. Hide Your Credit Cards

        If your biggest debt is credit cards, you need to eliminate temptation and remove them from your wallet.

        Some people have gone to extreme measures by freezing their credit cards. Why? This would create an ice block around your card, which would require you to chip away at it slowly. This will give you time to think if it’s the best idea to buy that thing you’re about to buy.

        3. Automate Everything

        Willpower can be a huge downfall to paying off your debt. By automating your bills each month, you will ensure that willpower isn’t involved.

        4. Plan Ahead

        Getting out of debt will require some sacrifices, but with enough planning, you can make it work.

        For example, if you know that you have a friend’s birthday or family dinner coming up, plan ahead for the costs. Whether you need to cut back on spending the week before, pick up a side job, or meet them after dinner, do what is needed.

        5. Live Cheaply

        The only way to get out of debt is to make some sacrifices on your spending habits. Find ways to save money each month so you can apply that amount to your outstanding debts. Here are some ways to save money each month:

        • Live with roommates
        • Cook dinners and prepare lunches for work instead of eating out
        • Cut cable and choose Netflix or Amazon Prime
        • Take public transit or bike to work

        Finding the Lowest Interest Rates

        The higher your interest rates, the harder (and longer) it will take you to pay off any debt.

        If possible, you want to find ways to lower your interest rates to help get out of debt quickly. Here’s how you can get started:

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        1. Maintain a High Credit Score

        Your credit score will have a large impact on your ability to refinance your loans and receive a lower interest rate. If you have a low credit score, it’s unlikely you will be able to refinance your loans. Use these credit tips to increase and maintain an excellent score:

        • Never miss a payment
        • Don’t exceed 30% of your credit limit
        • Don’t sign up for more than one card at once
        • Limit hard inquires, like auto-loans and new credit cards
        • Monitor frequently with free credit-tracking software

        2. Find Balance Transfer Offers

        Start by opening a free account on credit.com. Credit.com offers you the chance to open a free account and see what type of balance transfer offers you can receive. Some of your existing credit cards might already have 0% or lower APR balance transfer offers available.

        Contact each of your credit card providers to ask about lowering your rate for a one-time balance transfer offer[2].

        If you do take advantage of this option, make sure that you use a balance transfer and not a cash advance. Cash advances have a ton of high interest fees (15-25%, depending on your credit card) and will only compound your debt problem.

        How to Get Rid of Debt Forever

        Setting up a plan, removing temptations, and getting the lowest interest rates is the first step to get out of debt.

        1. Keep Monitoring and Adjusting

        Once you have a plan, don’t get comfortable. Track your debt payoff plan and make the necessary adjustments when needed.

        Monitor your credit scores with a free site like CreditKarma. The higher your credit score climbs, the more likely you will be to secure a new, lower-interest loan.

        2. Earn More Money

        There are only so many ways to save money. Instead of clipping another coupon or making sacrifices for your morning coffee, find ways to earn more money!

        Think about it…it is much easier to find ways to earn an extra $1,000 per month than find $1,000 to cut from your budget.

        Here are some examples of ways to earn more money:

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        Talk to Your Boss

        Have a conversation with your boss about current salary and/or commission rates. If you’re not satisfied or want a change, don’t be afraid to look around at other positions. Some of them might even have a student loan debt reimbursement plan!

        Start a Side Hustle

        This could be coaching students on the weekends, driving for Uber, or taking paid online surveys. There are tons of ways to make money outside your 9-5. Now that you have a clear plan to pay off your debts, you’ll be more motivated than ever to figure out creative new ways to earn money.

        Build an Online Business

        There are so many websites and blogs that earn money from ads, affiliates, and other online products. Find your niche and get started.

        3. Celebrate Your Wins

        As you progress in your debt payoff journey, don’t forget to celebrate your wins. You need to always reward yourself for the hard work and discipline that is required to get out of debt.

        While you shouldn’t celebrate so big that it increases debt, make sure to factor in little rewards to keep you motivated.

        4. Set New Financial Goals

        Eventually, with a plan and these steps, you can rid yourself of your debt. Once you do, make sure to celebrate your monumental achievement, but don’t stop there.

        Now, you can focus on acquiring wealth and increasing your net worth. Set new financial goals so you have a new target to aim toward. Here’s how to set financial goals and actually meet them.

        These could be anything now that you are debt free! Think about where you want to travel, buying your first home, or saving for your future retirement. Just like before, make sure that your goals are specific, measurable, and achievable.

        Conclusion

        Congrats, you can now set a plan in motion to finally pay off your debt quickly (and hopefully forever)!

        Remember, if you want to get out of debt quickly, it’s not always easy. Just like any big goal, there will be sacrifices, challenges, and problems to overcome.

        More Tips on Getting out of Debt

        Featured photo credit: Pepi Stojanovski via unsplash.com

        Reference

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