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

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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 20, 2021

        Financial Freedom is Not a Fantasy: 9 Secrets to Get You There

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        Financial Freedom is Not a Fantasy: 9 Secrets to Get You There

        Have you ever considered your life now, and how it would be if you had more time to spend with your family and less worries about money?

        Nowadays, financial stress is one of the most troublesome weights in life. If you’ve ever encountered financial stress, you know the difficulty of not having enough income to pay your obligations or bills.

        Many people say that money is not the ultimate goal of life. While that’s true, money certainly plays a very significant role. The meaning of financial freedom changes with the different phases of our life, but ultimately, it is something that many people strive for.

        In this article, we’ll explain how to capture that financial freedom you’ve been looking for. Read on to learn the secrets to financial freedom.

        Break Free of Your Finances

        Financial freedom is about having a constant flow of cash from your assets to cover all your regular needs.

        When you are not worried about your income, or living paycheck to paycheck, you gain a great sense of freedom. It’s the freedom to be obtain and do what you truly need to make your way through everyday life.

        Gaining financial freedom, though, is a process of growth, making small improvements and gaining emotional strength.

        Though it seems hard to believe, it is really very simple to get financial freedom.

        To do so, you simply need to make sure that your assets exceed your liabilities. In other words, you’ll need to find the sweet-spot where your residuals meet or surpass your expenses. This is something that you can achieve with the proper plan.

        While not every person will accomplish financial freedom, the potential for anyone to do so is certainly there. Anyone can achieve this success, regardless of their income level.

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        Outlined below are 9 secrets that will help you in your goals of achieving financial freedom.

        1. Stop Unnecessary Spending

        We often spend money inwardly, instead of objectively.

        For example, you may spend when you’re anxious, depressed, restless, exhausted, from fear of missing out, or to please others. This is a very unhealthy way to handle your finances.

        To stop this habitual spending, log down all your spending over the course of a month.

        Just as some people keep a food diary, keep an expense diary. Remember not to just write down how much and what you spent the money on, also include the circumstances of why you spent the money. Was it an impulse buy at the checkout line or was it something you planned to purchase?

        This increased self-awareness could enable you to avoid triggering situations in the future when you are considering an impulse buy.

        2. Plan a Monthly Budget

        This is a great opportunity to get serious.

        Take a seat with your spouse or partner and make a monthly budget based on your income, not your expenses. You are never again going to spend more cash then you have on hand.

        Overspending is the thing that led you to more financial obligations. Make sure you decide every month what is coming in and what will be going out and stick to that budget… no matter what.

        3. Cut-up Credit Cards

        Perhaps you are the type of person who always pays your credit card balance in full before the end of your billing cycle, and enjoys the reward points you gain. If this is the case, then you’re already way ahead of the game.

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        If not, you may want to consider ridding your life of the burden that credit cards bring.

        Many cards have strategies set up so that if you make a certain number of late payments, they will raise your interest rate much higher. This can really add up in the long run and you won’t be doing your financial situation any favors. If you’re prone to late payments or have a large balance due on your cards, cut them up!

        Without proper self control on credit card spending and payments, you are basically throwing your money away. To ensure that you have better control over your spending, use only cash or debit for all future purchases (and don’t forget to pay at least your minimum payment on your cut-up cards each month!).

        4. Increase Savings

        There is no doubt that for a comfortable retirement you must accumulate satisfactory savings throughout your working life.

        It’s good practice to save up to 15% of your income.

        Start with your workplace 401(k), if you have one. If not, a Roth IRA (if you are eligible) or a traditional IRA (if you are not eligible for the Roth) are the next logical steps.

        Increase in longevity means you might be able to look forward to 25 to 30 years in retirement, or possibly even significantly more. Investing now in good retirement plans will ensure that you have a guaranteed a stable monthly income when the time comes to stop working. [1]

        5. Invest Wisely

        Consider investing in funds.

        Specifically, you will gain higher returns if you invest in different types of mutual funds such as Debt funds, Equity funds and Hybrid funds with a proper balance, although it absolutely relies on your personal preferences and sense of risk taking.

        To get the most of these benefits, make sure you are investing in a variety of assets. Another resource of investing in mutual funds is SIP (Systematic Investment Plan) where you invest some money every month in funds. SIP works by averaging the per unit price of the stock.

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        Mutual fund investors are aware of the benefits of an SIP (Systematic Investment Plan). For one, it is the most secure way to invest in equity mutual plans so that wealth is created over a long period of time. This plan also helps you to gain a better sense of financial discipline, which will come in handy in all your financial endeavors.

        6. Invest in Gold

        There isn’t really a better way to invest in gold than to have the physical gold itself in your possession.

        You can purchase gold coins and bars from mints as well as from coin dealers and other private sellers.

        Another way to invest in gold is through ETFs (Exchange Traded Funds).

        These are is similar to mutual funds but they are exclusively investments of gold. ETFs are great because they offer more liquidity; the ETF owns the actual physical gold, stores it, and retains the value of the shares. These shares can then be bought and sold in the stock market, and one big benefit is that the transaction costs of gold ETFs are much lower than the that of physical gold.

        With its consistently-increasing demand, investment in gold can be very wise long-term investment to make.

        7. Stash Emergency Funds

        Whether it’s a cash gift or a work bonus, always try to save any extra money that comes your way rather than making unneeded purchases.

        If you get paid every other week, you’ll get an “extra” paycheck (three rather than the usual two) twice a year. Either save those paychecks towards your emergency funds or utilize the money to pay down other obligations, such as loans, credit cards or other debts.

        Make it hard to get your cash.

        Put your savings in an alternate bank, maybe an online bank that forces you to delay for several business days before transferred money hits your regular bank account.

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        8. Find Fabulous Mentors

        Find a mentor, such as a friend or family member, who has exceptional control over their finances and pay attention to everything they do.

        If you do not have any friends or family that are enjoying financial freedom, then find a mentor online! There are numerous blogs and guru websites featuring the advice of many people who have reached financial freedom, and they exist primarily to let you in on how to achieve it for yourself.

        There are also plentiful forums available that share tips and tricks on how to best achieve financial freedom. Read as much as you can and start changing your habits for the better.

        9. Be Extra Patient

        Patience is the key of financial success.

        Being patient can be quite tough, especially when you’re struggling with your finances, but having faith is worth it. You’ll continuously be on the right track if you are taking the proper steps above.

        So don’t be discouraged, even if you are only saving a few dollars a month; it all adds up. Within just a few years you’ll look back proudly at your accomplishments and be glad that you had the patience to get there.

        Financial Freedom for All

        Anyone can achieve financial freedom, regardless of their financial circumstance.

        Use the tips provided above to get yourself on the track to financial freedom and toss your monetary concerns out the window. If you wish to achieve a life with financial freedom for yourself and your family then you must adopt a disciplined approach towards your finances.

        Following the simple secrets above is a great start to making your money work for you, so you can work less and live more!

        Featured photo credit: rawpixel via unsplash.com

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        Reference

        [1] Hartford Gold Group: IRA Retirement Accounts

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