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25 Supermarket Tricks You Should Try Now To Save More Money

25 Supermarket Tricks You Should Try Now To Save More Money

If you follow the 50/30/20 budget created by Elizabeth Warren, you’ll find that 50% of your income should go toward the essentials — housing, utilities, and groceries. This means that it’s important for you to ensure that your dollar goes a long way so you can save the most money on this essential part of your budget. But how can you do that? Thankfully, there are a ton of tips, tricks, and mobile applications available to help out. Today, we will take a look at 25 supermarket tips and tricks to help you save money.

1. Join Supermarket Rewards

Various grocery stores have supermarket rewards programs that allow you to save a certain percentage on purchases, and receive exclusive offers and coupons. Check your local grocery store’s websites or ask about them in-store. Most of the time, they come in the form of a reward card or simply through using your telephone number. This means that when other family members go shopping, they can help rack up rewards for the whole family.

2. Don’t Buy Heads of Lettuce

A head of lettuce may seem like a cheaper option; however, because they are more likely to rot faster, they may be a wasteful option in the end. In addition, a head of lettuce could be more than you’ll actually need for your weekly meals. Bagged or boxed lettuce is much better than iceberg.

3. Know When to Buy Bulk

If you have certain groceries that are consistently purchased each week or month, you may find that buying in bulk is a cheaper option. Instead of buying a box each week for $2.50 each, you’ll save more purchasing the $6 three pack. This works best with groceries that don’t perish quickly.

4. Create and Maintain a Budget

The only way you can truly save money is to plan before spending, not vice versa. Giving yourself a grocery allowance ensures that you have a spending goal to not surpass. A common practice is to use the envelope method to save money each month.

5. Bargain Shop by Store, not Item

Chasing a coupon or item offer may seem like the smart option for a savvy shopper. But the truth is, you should branch out to other grocery stores to ensure you’re getting the biggest bang for your buck. The local small-box store may not offer the discounts and subsidies of the big box store nearby.

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6. Check Out Grocery iQ

Grocery iQ is a great application for individuals who are trying to formulate a grocery list. Through the use of barcode scanning and auto-suggest, you can create smart lists in no time. In addition, Grocery iQ is powered by Coupons.com, which means you’ll be connected to some amazing deals with the coupons offered through the Grocery iQ website. Grocery iQ is free to download on the App Store.

7. Make Use of Cellfire

If you find yourself at the grocery store without coupons, a common case when you might find yourself at a grocery store you don’t frequent, Cellfire is a great way to discover coupons for various supermarkets. All delivered and easily uploaded from your phone, you can simply tap and show the coupons to the clerk at checkout and discover instant savings.

8. Share the List with OurGroceries

Chances are, if you live in a multi-person household, you don’t entrust creating a grocery list to simply one person. Everyone has an input one way or another, because everyone will be indulging in the groceries. OurGroceries allows you to create group contributed grocery lists that can be edited, marked off, and shared between the various family members.

9. Shop Smartly with Fooducate

When at the supermarket, you shouldn’t sacrifice healthy eating for a good deal. If you are still on a diet and want to figure out the health benefits and drawbacks of an item in your basket, Fooducate is the application for you. This is all complete with an alphabetized food rating that allows you to quickly know if it’s a no or a go. Fooducate keeps you educated on what you eat.

10. Download Ziplist

Through the use of meal planning, you are able to get what you need for the week or month and head out of the grocery store. Ziplist is the application for task-oriented grocery shopping. In the end, through meal planning, you are able to save money and alleviate food waste. Grocery lists can be named, dated, and shared to stay organized. This is a great way to delegate grocery visits. In addition, Ziplist also get you in touch with weekly grocery deals.

11. Ask for Rain Checks

When an item isn’t available, you can ask for a rain check so you can pick it up once it is available again. However, for many consumers, most items aren’t important enough for them to consider doing this. But you could find yourself leaving free money on the table by forgoing a rain check, especially for a bigger-ticket item on sale. Discounts are often still honored once the item is back in stock.

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12. Shop on Weekdays

You may find that the weekend is a great time to go grocery shopping, a time when you are off work and can get this “chore” out of the way in a relaxing manner. However, you’d be surprised to find that Wednesday is the best day to go grocery shopping. This is the day of the week when produce and fish is freshly restocked and most supermarkets offer deals.

13. Bring Your Calculator

Having your calculator on hand is one of the best tips on this list. In addition to calculating combined deals between those of the store and those of your coupon, a calculator can truly tell if you will fare better buying in bulk or individually. Many supermarkets bet on their customers not calculating and doing price comparisons, so you may find a price loophole.

14. Look for Clearance Stock

Grocery stores have clearance sections and racks that feature foods that are near their expiration date. While this may not be the place to go for foods you won’t readily make use of, it is a great way to save on that night’s meal or small snacks for the week. With expiration dates within a week or two of being on the clearance rack, this is a great way to save on food that will be consumed quickly.

15. Discover Recipe Alternatives

Certain recipes online are created with the partnership of sponsors. Or they may put taste first before cost. However, you don’t have to fall into their trap by spending more than you should. If a recipe calls for a certain, specific brand, unless it is the only brand that offers that type of food, you’ll be perfectly fine going with the brand that offers the best deal rather than the one the recipe calls for. Additionally, if a recipe calls for an ingredient that notoriously expensive, like saffron, look into comparable substitutes, like turmeric.

16. Discover the Art of Sampling

Sampling is more than just free food. It is in fact an art form. For the supermarket, it’s are a great way to get individuals to spend more on items they may not have considered purchasing before. However, as a consumer you can utilize sampling in many ways.

First off, to prevent impulse purchasing, seek out samples straightaway if you are entering a supermarket hungry. This allows you to shop with your grocery list and not your stomach. Secondly, sampling is a great way to know if an item you have been considering is truly good or not, preventing you from wasting money. Lastly, you don’t have to just go to Costco for the samples. Trader Joe’s has a policy of allowing any customer to sample an item in the store before making a purchase.

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17. Shop by Season

Consumers, especially in the Western world, seem to ignore that some foods do in fact have seasons. With a lot of out of season produce being shipped in, you’ll find these items to be more expensive to offset shipping and transport costs. To save money while possibly discovering new fruit, shop for only in-season items. Above, is a chart of some commonly purchased produce and their respective seasons.

18. Check out “The Whole Deal”

Whole Foods Market is seen by some individuals as an expensive option for grocery shopping. However, the myriad of healthy and organic options makes it irresistible. In addition, the many deals they offer show that you are missing out on a great grocery resource. The Whole Deal is a coupon, deals, and money saving resource from Whole Foods Market that allows you to not break the bank when shopping at their supermarket.

19. Understand Grocery Store Geography

If you pay attention carefully, you’ll notice that almost all grocery stores are organized the same exact way. This is all based on psychology to get customers to spend more in stores. To save money, it is up to you to defy these money-draining tricks that use a combination of the customer’s height, product colors, and the assumption that customers are prone to impulse purchasing.

First off, when forming your grocery list, make necessary purchases (milk, bread, etc) the first things on your list. When you enter the grocery store, dart straight to the back of the store. By doing this, you are ignoring the unnecessary, money wasting, and snacking options commonly placed at the front of the store. When looking for healthy or inexpensive options in aisles, look down. Don’t look forward or up — that’s where unhealthy and expensive options are typically found. Also remember that the freshest produce is found at the back of the row or rack they are held in. To sell older produce faster, they are usually put up front. This is the same for eggs as well.

20. Utilize Markets and Ethnic Groceries

Big box stores are notorious for offering more opportunities to save money through a combination of accepting coupons, store rewards, and store discounts. However, for some staple foods, such as rice, noodles, certain spices and teas, you’ll find that you’ll save more by purchasing from ethnic food stores rather than big name stores. The selection may also be grander and some brands may even be more flavorful than those you’re accustomed to.

21. Take Inventory of your Stockpile

Before you go shopping, take a look at what you already have in your pantry. Performing a weekly clean out and inventory of your stock of food will not only prevent you from purchasing unnecessary duplicates. You’ll also find that doing this spot check can allow you to know when some key ingredients are close to expiration. You’ll be forced to either include them in the dish or go out and replace them now before you find yourself in need of it.

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22. Discover Healthier Snacking

Spending out of your budget for chips and cookies is not only unhealthy, it can result in a waste of money too. Who knew that eating healthy can actually save you money? If you make use of fruits and nuts for healthy snacks, you’ll be paying less because these are versatile foods. Unlike chips, which don’t find themselves in dishes, you can use fruit for breakfast, as a topping on oatmeal, and nuts can be used as a crunchy topping on salad. Drizzle chocolate over strawberries and your leftover snack from yesterday is now today’s dessert after dinner.

23. Understand Your Credit Card Rewards

If you are shopping around for a credit card that will work for you, or if you are looking for ways in which your current card can help you out at the supermarket, look into their current rewards and cash backs that they offer. With my American Express Blue Cash Preferred card, I get 6% back each statement cycle from supermarkets (up to $6000 a year, followed by 1% after that $6000 limit is met). However, this is only for a select number of supermarkets, including:

  • Gristedes
  • Foodtown
  • Pathmark
  • Shoprite
  • Stop and Shop
  • Vons
  • Whole Foods
  • Winn-Dixie
  • Online supermarkets such as FreshDirect

Ensure that you know the places where you’ll get rewards for your card. This can be the best money-saving tactic out there. $9 back on $150 worth of groceries is amazing!

24. Time is Money

Saving money can be a bit of a chore for some individuals. However, there comes a time when you should value time over money when hunting for a deal. While you shouldn’t forgo driving the extra mile (or five) to save money, you should ensure that you make use of good planning to prevent unnecessary trips out of your way. If a coupon expires in two or three weeks, wait until you get to that side of town before making use of the coupon instead of going out of your way for one item. While you may spend $0.50 or $0.60 more on something, you’re saving more than that in gas money.

25. Expand Your Organic Knowledge

Buying organic is all the rage nowadays. However, along with being seen as healthier and cleaner, organic is between 20% and 50% more expensive than it’s non-organic equivalent. While it is proven that buying organic is a good choice, you can save money by selectively purchasing organic. The foods that are most likely to be treated with unhealthy pesticides are those you should look to replace with organic alternatives, including:

  •  Apples
  •  Celery
  •  Cucumbers
  •  Grapes
  •  Peaches
  •  Potatoes
  •  Peppers (Hot and Sweet)
  •  Spinach
  •  Blueberries
  •  Tomatoes
  •  Snap Peas
  •  Oranges

You should also ensure that any items that include these ingredients (salsa, fruit salads, prepared salads, etc) are organic as well.

Featured photo credit: Jezebel via i.kinja-img.com

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Last Updated on March 3, 2021

Top 6 Hacks on How To Build Credit Fast

Top 6 Hacks on How To Build Credit Fast

When done right, credit can open doors and provide a lifestyle that you never imagined possible. Anything from flying around the world in first-class and staying at 5-star hotels entirely for free to starting and scaling businesses. It’s also an area where it can be easy to make mistakes and hard to recover from without the right information. In this article, I will break down how you can build credit fast so you can open doors in your life!

When you start to think about improving your credit score, you have to answer three important questions first:

  1. What are you trying to achieve by having good credit?
  2. What really is your credit score?
  3. How is your credit score calculated?

What Are Your Credit Goals?

Having a high credit score is great, but ultimately, your credit score is a tool in your personal finance arsenal that you can use to open doors. The first question you should ask yourself is “what will a higher credit score do for me?”

I work with many clients directly at Freedom Travel Systems to help them fully leverage the power of their credit so they can enjoy free luxury travel and start or grow their business. For my clients and many others, here are a few common goals many credit-savvy individuals have:

  • Free Travel – getting access to travel rewards cards so you can get tons of free travel and even get first-class flights, hotel suites, and luxury amenities all for free
  • Start/Grow a Business – getting access to business credit so you can start and grow a business with 0% or low-interest financing that does not impact your personal credit
  • More Approvals – getting approved for credit cards, auto loans, or mortgages so you improve your lifestyle or build your personal wealth
  • Better Rates – getting better interest rates on any loans you get will save you tens or hundreds of thousands of dollars over your lifetime

What Is Your Credit Score?

Your credit score is simply a 3-digit number that tells potential lenders how reliable of a borrower you are. Keep in mind that lenders, such as banks and credit issuers, stay in business by lending. Their goal is to find the people that have the highest probability of paying them back and they assess this primarily through your credit score.

What’s important to know is that there are two major scoring models used to create your scores. These scores are your FICO Score and your Vantage Score. More than 90% of lenders rely on your FICO score, so when you are checking your score, you want to make sure you see the actual score that the lenders use. And no, checking your own score does not hurt your credit!

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Then enters the 3 main credit bureaus, which are essentially agencies that collect credit information on you. These are Experian, Equifax, and TransUnion. These bureaus then apply a scoring model to the information they have on you and voila, you now have a credit score! Bureaus sometimes have different information on your report, which is why you will see 3 different scores.

How Is Your Credit Score Calculated?

Next, you need to understand how the credit score is calculated. This will provide a high-level overview, but there is more detail to each of these factors alone.

There are 5 main factors in the calculation of your credit score:[1]

  1. Payment History (35%) – This refers to the amount and percentage of on-time payments you have.
  2. Utilization (30%) – This is how much revolving credit you use as a percentage of the total revolving credit issued to you. Note that installment loans like auto-loans or mortgages do not count towards this while credit cards do.
  3. Age of Credit (15%) – This refers to how long your credit history is, primarily your “average age.”
  4. Credit Mix (10%) – This is how many different types of credit you have. For example, there are credit cards, student loans, auto loans, mortgages, personal loans, and lines of credit.
  5. New Credit (10%) – This primarily refers to how many inquiries you have for new credit.

Top 6 Hacks on How to Build Credit Fast

Now that you’ve learned more about your credit score, here are the top 6 tips on how to build credit fast.

1. Don’t Close Your Cards

Many of us are taught that getting a new credit card is bad and having too many will hurt your score. In fact, the opposite is true. You want to have many positive accounts reporting to your credit report. Logically, this makes sense because having more accounts with more on-time payments shows that you are a more reliable borrower. You just don’t want to open too many accounts too quickly since that can hurt your “new credit” factor.

Instead of closing a card, what you should do is simply keep the card open and put a small subscription service on it monthly. Why? Because each time you have an on-time payment, it helps build your payment history, the largest factor of credit.

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If you close a card, you are missing on potential on-time payments, age of credit, credit mix, and also lowering the total credit lent to you so your utilization percentage may go up. If you have an annual fee on a card you don’t like, see if there is a “no-fee” version of the card and downgrade it to that card rather than close it.

2. Use Autopay to Never Miss a Payment

This one is easy to do and easy not to do. Go into your credit card account and set up auto-pay. You can choose to either pay the full amount, the statement balance, or the minimum payment. Personally, I like to set up autopay to pay the minimum payment so that I never get a late payment. Then, I go in and manually pay the statement balance each month by the payment due date.

This helps me personally see my spending and have a manual review of my charges while ensuring, not have to pay interest, and still get the benefit of making sure that I never miss a payment if something goes wrong. Think about it, if you were to have a medical or family emergency, the last thing you want to experience on the back end of that is a late payment and a drop in your credit score. So, set up autopay.

A pro tip is to update your payment due dates across all bills and accounts to be the same so that you can “time batch” the process and have one time a month where you sit down and handle your payments. You can do this by simply contacting the credit card company or doing it online.

3. Get a Credit Limit Increase to Lower Your Utilization

One of the factors that get most people into trouble is using too much of their allotted total credit. Their utilization, which is the percentage of revolving credit they use, goes up, and their score tanks. You should aim for less than 30%, and in an ideal world, less than 10%.

To help drive this down, call your credit issuer and ask for a credit limit increase. This will help increase the total amount of credit extended to you and drop your utilization. Oftentimes, they will only give it to you when your utilization is fairly decent (less than 50%), so work to pay it down as best as possible before doing this. You should ask if the credit limit increase will give you an inquiry as some banks do a hard inquiry while some do not. If they do a hard inquiry, it is often better to just get a new card altogether or pass.

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4. Add Authorized Users to Increase Your Age, Add History, and Decrease Utilization

This is one of the best hacks out there as it helps with the 3 biggest factors of improving your credit: payment history, utilization, and age. This concept is also called “credit piggybacking” where someone with great credit history on a card adds an authorized user (AU) to the card. When the AU gets added, the credit history and information from that card are added to the AU’s report!

This is extremely helpful for people with young credit because it can drastically increase your age of accounts. It can also help many people with limited payment history or high utilization.

Please be aware that anything good or bad on that account you are added to will show up on your report. So, you want to avoid any cards with negative marks or high utilization. That being said, it is a one-way street, so nothing that you do with your credit can impact the primary account holder.

This is so valuable that there are companies that sell AU accounts. I always suggest starting with your family and/or personal network first as there are likely people in your network that can help!

5. Space Out Your Application Strategy

New credit is the smallest factor of credit, but it still matters! If you are looking to build up your credit, you should space out your applications. If you apply for too much credit in a short period, it looks very needy in the eyes of the lenders. For this reason, it is safest to apply for cards slowly over time unless you have really studied more in-depth how this works. A good rule of thumb is once every few months.

If you are in the credit game for the hopes of getting tons of credit card points for free travel, which is what I personally take full advantage of, you will want to familiarize yourself with the different bank rules and card promotions to put together the right application strategy. Applying blindly will waste inquiries and leave tons of benefits on the table!

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6. Review Your Report for Negatives

If you have any negative or “derogatory” marks on your credit report, this will hurt you drastically. They do impact you less as they age, however, you should review your credit report to ensure that everything on your report is 100% accurate and actually yours. Wrong information ends up on credit reports all the time and you will want to take personal responsibility for making sure it is accurate.

The “burden of proof” is on the credit bureau to confirm that any information on your report is in fact accurate. If you find inaccuracies, you can dispute that with them, or you could consider getting a credible credit repair company to help you.

Final Thoughts

There you have it, the top 6 tips on how to build credit fast so you can get closer to reaching your goals. Now that you’ve learned more about how credit score works and how you can improve yours, you’ll hopefully be able to make better financial decisions and achieve your financial goals quicker.

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Featured photo credit: CardMapr via unsplash.com

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