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Last Updated on March 25, 2021

How To Save Money On Groceries: 13 Quick Tips

How To Save Money On Groceries: 13 Quick Tips

How many times have you gone to the grocery store and filled your basket with items that aren’t on your list? It could be more times than you can even remember. Eating is essential to life. However, that doesn’t mean you should make overspending on groceries a habit. It’s possible to eat healthy while on a budget.[1] But why save money on groceries?

Reducing your grocery expenses may mean less food going to waste, and you can put the extra money toward something big. Spending too much happens when you don’t have a plan.

In this article, I’ll show you some real ways to cut back on your grocery expenses. This way, you won’t buy anything you don’t need. It’s time to start minding your financial goals any time you go grocery shopping. Read on to find out the best tips on how to save money on groceries.

1. Create a Meal Plan

If you’ve found yourself spending extra money on emergency takeouts several times in the past, meal planning is for you. First, count the meals that you (and your family members, if living with any) consume every week. This number doesn’t include the free meals you get from time to time.

The next step is to know how long a specific meal lasts. Let’s say you buy a dozen eggs. Ask yourself how many times they’re going to be used for meals. By planning your meals like this, there won’t be instances where you have to order expensive food because you ran out of ingredients.

2. Do Some Math as You Shop

While you add items to your basket at the grocery store, it’s best to have an idea of the amount you’ve spent so far. Use the calculator on your phone to keep track of the total cost. If you’re good at counting in your mind, go for it.

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You can even round up the prices to a higher number. For instance, count a $1.89 fruit as $2 and $3.29 veggies as $3.50. This approach enables you to be under the budget. Do this for all the items you buy and you’ll be surprised by how much you save at the checkout.

3. Pay in Cash

Using credit cards comes with benefits such as earning rewards and enhanced security. But using them irresponsibly can bring you more debt and make it challenging to hit your saving goals. That’s why it’s best to pay for groceries in cash if you’re someone that frequently makes impulse purchases. You only need to carry cash that’s enough to cover the items on your list.

Withdraw cash for groceries each week and keep away your credit cards. When doing online grocery shopping, use a debit card for payments instead. By doing this, you won’t buy things that you can’t afford.

4. Shop at Different Grocery Stores

When picking a go-to grocery store, several factors come up. It could be that it’s near your home. Or maybe it’s where your friends go. It won’t be a surprise that you chose a specific store because it has the best logo.

Because you’re here to know how to save money on groceries, your focus should be on the most affordable prices. So, put that above all other factors and start going to different grocery stores. Check what’s on sale at other stores from time to time. Take advantage of the anniversary or other deals you can find.

5. Avoid the Grocery Store When Hungry

We all know that an empty stomach can make you do things without a plan, and one of them is shopping. When hungry, you might add many items to a big cart and be met with an unplanned grocery bill. You go ahead and pay any amount because your body tells you that you need them all. In the end, some of the things you buy may go to waste.

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So, don’t go grocery shopping when you haven’t eaten something. Better yet, only go there when your stomach is full.

6. Only Buy What You Need

It’s a common habit to buy lots of stuff to push your next trip to the stores further. Aside from that, you may see discounted prices and take advantage of them by buying more units than you need. Or you might be expecting some visitors that you aren’t sure will show up.

All these reasons can cause you to buy items you don’t need or large units of things on your list. Chances are they’ll get spoiled before you get a chance to use them. So, set specific days for grocery shopping and avoid buying something you don’t need even if there’s a discount.

7. Check Out Items in Lower Shelves

Many grocery stores keep their expensive items on eye-level shelves. They’re mostly the easiest to see, making the items on them the first and only option for most people. And that’s why some stores keep the costly stuff there.

You don’t have to fall for these tricks anymore. The next time you’re shopping, check out the low-level shelves and you might find prices that favor your grocery budget. The cheapest items might be those lying on shelves closer to the floor. If that means crouching a bit, so be it.

8. Pick a Small Basket

Sometimes, carts and large baskets are the first you see on your way into the supermarket or grocery store. Just because you encounter them first doesn’t mean you should pick them.

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Having a huge basket and few items won’t make sense. So, you’ll probably try to fill up its space with stuff you don’t need. And so, you end up spending more money. Instead, find a smaller basket that can perfectly fit the items you’re shopping for. If you only need one or two items, you’re free to carry them by hand.

9. Eat Seasonally

Eating seasonally enables you to save money on groceries. While the concept is clear, many people still don’t pay attention to it. When you buy groceries that are in season, their supply is high and they cost less.

Buying fruits and veggies that are out of season can cost a lot because they aren’t readily available. They probably went through long trips to reach your local grocery store. As a result, transport costs are included in their prices.

10. Check Expiration Dates

Don’t check the expiration dates when you get home. Do it before adding the items to your basket. You don’t want to buy items that expire in a day while you had planned to use them for a few more days. If the produce lasts longer, you won’t have to go to the stores every day. Aside from saving you money, you get a chance to enjoy your food when it has the most nutritional value.

11. Store Your Groceries Properly

If you store your groceries properly, it takes more time for them to go bad. This includes cleaning your fridge regularly, not over-packing, and not storing vegetables when damp. In case your fridge has a cooling problem, fix it. If it’s too old and shows signs of going out, you need to replace it. While it might look like you’re spending too much here, it’ll save you more money over the next several years.

12. Go for Unpackaged Fruits and Veggies

As you know, packaging can be a tiring process. No one wants to spend time wrapping and putting groceries in packets for free. If you buy pre-packaged items, you also pay for the packaging indirectly. So, only pick lettuce, tomatoes, carrots, and other produce that isn’t in cool (and costly) packets. Besides reducing your grocery expenses, this approach ensures healthy eating.

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13. Don’t Go Shopping With Big Spenders

Go for groceries without friends or family members who are good at adding items that aren’t on the list. Most of the time, kids are the ones who have the habit.

It’s possible that the big spender could be that best friend who thinks you’re “rich.” Leave them at home and you won’t have to buy anything extra during your trip to the store.

Bottom Line

Cutting back on your grocery expenses doesn’t mean you won’t be eating healthy or enough. With a proper plan, you get a chance to free up more money while reducing food wastage.

Because you now know how to save money on groceries, keep these tips in mind every time you go to the store. The result will be nothing short of you achieving your financial goals faster!

More Tips on Saving Money on Grocery

Featured photo credit: Bruce Stockwell via flickr.com

Reference

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Mike Stuzzi

Mike Stuzzi is an Internet entrepreneur and personal finance blogger at The Money Galileo.

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Last Updated on March 29, 2021

Life Insurance: A Secure Way To Protect Your Future.

Life Insurance: A Secure Way To Protect Your Future.

Life is a journey full of ups and downs. No one can actually predict what might happen the next moment; there are times where the happiest moments do not even take a second to turn into the gravest. Planning for your future can help you face such unwelcomed but irrepressible situations with much ease. We all want to make every memorable event of our life more special and to cherish all those moments happily and worry less, you must financially plan your future. But no one has control over life and death. Who would wish to see his family suffer in his absence? Insurance hands over the financial jeopardy of life’s happenings to an insurance company.

Importance of getting a life insurance

No one has control over life and death. Nobody would like to see their family suffering in an absence, and that’s why many people recommend life insurance. A life insurance plan is one of the best ways to secure the future of your family, even against those financial troubles after an untimely demise. These plans are safe and credible, and you could trust them for your family’s better future.

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On the other hand, a life insurance policy is a contract between a company (insurance provider) and policyholder in which the insurance provider ensures to pay a certain amount of money to the nominated beneficiary in case of the policyholder’s death during the term of the agreement. There are different types of insurance plans, and it is important for you to know the benefits of those plans such as a funeral, medical or some life expenses provided they are mentioned in the agreement.

Choosing the right insurance plan

If you’re about to select an insurance plan, you should consider some important factors:

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  • The time at which you start investing in a program and the number of family members you want to get insured. Obviously, a married man with two children has different needs compared to a single one. The number of persons who are dependent on an individual also varies from person to person.
  • The next thing you need to consider is you and your family needs. What are your child’s dream, your retirement plans, for how long would your dependents need financial support, any personal injury, etc. And do not forget those events or situations that will surely demand a huge sum of money.
  • The next thing one must consider is your current income. You should preferably choose a plan which you can afford.

Now you must be having a pretty clear idea of how to choose the best plan for you. Further, you should also compare various plans offered by different companies and numerous sites available online that help will you to compare them.

Differences between life insurance plans

Here’s a short brief of some plan categories you can choose according to your needs:

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  • Term Insurance Plan – You have to pay once, and your nominee gets the paid money under your misfortune demise. It ensures a person for a fixed time. If you survive the policy period, you do not get your premiums back.
  • Whole Life Policy – This plan continues for your lifetime. Under this, the policyholder has to pay regular premiums, until their death.
  • Endowment Policy –  In case the individual dies during the tenure, the beneficiary gets the amount assured. If the person survives the policy tenure, they gets back the premiums paid with other investment returns along with several other benefits.
  • Money Back Policy – In this a portion of the money invested is returned to the investor at regular intervals. If you survive the insurance term you get the entire amount back; else the beneficiary receives the entire sum assured.
  • ULIPs – These are the life insurance plans that offer you future security plus wealth creation options.

Many people do not opt for whole life policy and endowment policy because of the high amount of money you need to pay, while others may prefer to opt for these if they have a high life expectancy. Surely you will find the best one for you.

So what are you waiting for? Plan for your future and live a happier and carefree life today.

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Featured photo credit: aryehsampson.com via aryehsampson.com

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