Consumers on a budget are panicking as the prices of groceries and staple goods such as detergents and pet food are soaring. This puts consumers following budgets in a state of distress. In a shocking statistic as shared by CNBC, about 70% of all grocery transactions are through credit or debit cards. They expound, “Those payment methods carry risks, especially for consumers who can’t pay the balance in full.” So, what are consumers to do? Here are 26 tips to save money on groceries.
- Never shop hungry. Eat before you go grocery shopping to avoid impulse buys.
- If you tend to impulse buy, restrict your grocery shopping time. Stay focused on saving money, stick to your list, and be proud of your commitment to saving.
- To maintain a budget, only buy what is necessary. In other words, buy the milk but forego the ice cream.
- Stick to your list but be flexible. If frozen corn is not on sale but canned corn is, make the swap to save money.
- Buy meats and vegetables and fruit when they are on sale and freeze them for later use.
- Look for budget-friendly recipes that stretch a meal. For example, creating a large pot of soup can deliver a hearty yet economical meal that can last for days.
- When possible and cost effective, buy in bulk. Consider sharing portions and splitting costs with a friend or neighbor.
- If able, avoid using a credit card. People tend to be more careful when spending cash.
- Use a store membership or loyalty programs to gain access to sales and freebees. Most often, membership is free. Steer clear of stores that charge hefty membership fees.
- Be familiar with the cost of food items you regularly buy. This enables you to recognize a good deal.
- Just because something is bigger doesn’t mean it’s a better price. Use the “unit price” as a tool to save money. This allows you to compare prices of similar items on the store shelf. Note that it is usually found on the shelf pricing tag alongside the retail price (total item cost).
- Pay attention to prices via store circulars and advertising to gain “insider information” on sales.
- Shop at stores that are moving to lower prices. For example, Target announced an initiative to lower prices on specific goods.
- Grocery shop early while stock is plentiful for low-priced items, and new markdowns are likely to appear. Many stores restock shelves overnight, so sale items are generally more readily available early in the day.
- Form a sales watch group in which participants notify all members of the group on outstanding deals.
- Shop around. Do consider shopping at several locations to gain access to the best deals. However, be mindful of gas prices and time when doing so.
- Don’t skip the farm markets. Often, great deals on local produce can be had.
- When able, grow your own herbs, fruits, and vegetables. Not only will this provide you with an abundance of seasonal foods, but you’ll have peace of mind knowing that the quality is ideal.
- Take the opportunity to make your own food such as refrigerator jams and supplies like cleaning products. These less expensive homemade versions can be used to replace pricey ready-to-use items one might typically buy.
- Waste less food at home. For example, rather than toss them, use the bones and skin of chicken to create a broth.
- Skip brand loyalty and buy generic. Stop paying for the fancy label on items where the ingredients and quality are similar.
- Choose cheaper cuts of meat. Consider slow cooking meats as the cooking process tends to tenderize meat. Or use an appropriate marinade to make meat less tough.
- Use up the food you already have. Don’t overlook what’s in your own pantry, refrigerator, or freezer.
- Skip the pre-chopped onions and cut fruits. Frequently, prepped food is pricier. Want to make smoothies? Avoid premade. Simply buy whole and DIY.
- Avoid unnecessary charges such as delivery fees that add to the total cost. Even if delivery is reasonable or free, the delivery person must still be tipped.
- Bring your own reusable bags. So many stores now charge per shopping bag. These costs can add up over time. Top tip for those who drive – keep extra reusable bags in your vehicle so that they are always with you.
We want to hear your ideas!
We hope you enjoyed these 26 tips to save money on groceries. Feel free to comment below with your own great ideas to share with fellow readers and help us build an even better list!
Getting help
For those facing food insecurities, visit Feeding America, a nonprofit organization that partners with food banks across America and connects people to free food and grocery items.
Helping others
If you donate to a nationwide charity food organization or volunteer at a local food bank, know that your assistance is making a difference in combating hunger across America.