5 Simple Steps to Save on Groceries

July 29, 2008 at 2:44 pm 1 comment

Did you know that the average family of four spends $718 a month on groceries? That’s $8,600 per year. If you’re looking for some ways to help you save at the register, check out these money-saving tips from Terri Gault, founder of the GroceryGame.com

Tip #1: Study the lay of the land at your local supermarket.
If you’ve ever wondered why you have to walk to the back of the store to buy milk, the answer is simple: It makes you pass displays and goodies.

Be aware when supermarkets reorganize aisles and products because they’re usually trying to steer your focus so you’ll notice something new and be enticed to impulse buy.

Note: Shoppers making quick trips to the market for a few specific items usually purchase more than they planned. Grazing and/or impulse buying makes up more than 50 percent of a customer’s purchases.

Tip #2: Generic Store Brands?
Don’t shy away from store-brand products; many are actually top quality brands packaged under a different name.

Tip #3: Coupons and Hidden Costs
Coupons are great, but not always the best deal. Sale prices without a coupon are often less than the brand name with a coupon.

Tip #4: Eye-Catching Displays
Beware of dazzling floor displays. Some of the showcased products may be bargains, but the complementary items won’t be.

Tip #5: Breakfast and Lunch Savings
Make a batch of homemade pancakes/waffles or breakfast burritos and freeze. And if you spend $5 a day on lunch, you’re spending $100 a month ($1,200 a year), so pack your lunch at least a few days a week.

Source: GroceryGame.com

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Entry filed under: Saving and Investing, Spending. Tags: , , .

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