In the U.S., food is the third-largest expense for most people, and the number is steadily rising every year. The average person spends $8,169 per year on food. And the figure likely increased during 2020 when most people were safe at home for a majority of the year.
Food is tough to budget for because it’s a necessary expense, and it’s easy to justify occasional overspending. Once you get to the grocery store, you suddenly realize that you “need” certain items that aren’t on your list.
If you’ve been overdoing it on your food budget, then there are many simple action steps you can take to cut back. Let’s look at some ways you can save money at the grocery store every month.
[article post=”1″]If you’re trying to cut back on your spending, the first step is always to come up with a realistic food budget for the month. A family of five will have to spend more on groceries than a college student living alone.
Figure out how much you actually need to spend on your groceries, and then commit to sticking to it no matter what. Here are seven steps to help you do it:
The easiest way to overspend at the grocery store is by buying a bunch of items that aren’t on your grocery list. It happens so seamlessly — you’re walking down an aisle when you suddenly remember that you forgot to add laundry detergent to the list. So you add some to your cart.
Then you see that cherries are on sale and think about how long it’s been since you’ve eaten cherries. Before you know it, you’ve unintentionally added an extra $40 worth of items to your cart.
When you go grocery shopping, you should always avoid the urge to impulse shop. Instead, if you remember an item you need, add it to your list so you can plan to buy it next time. bettingvn.com
Many people buy name-brand items out of habit or assume the quality is better than generic brands. But you can save quite a bit of money by buying generic items, and you’ll often find that you don’t notice a difference in taste.
[article post=”2″]Most grocery stores place the brand-name items at eye level, which is why many people instinctively pick them first. By making a habit of looking at the shelves above and below eye level, you’ll often find deals that you would’ve missed otherwise.
One of the best ways to save is by planning your weekly menu based on what’s on sale. For instance, if you notice that ground beef, tomatoes, and shredded mozzarella are on sale for the week, you can plan to make lasagna or spaghetti for one of your meals.
You can also save money by only buying fruits and vegetables that are in season. This will help you save money on your produce every month.
Another great way to save money while you shop is by taking advantage of cashback apps. These apps literally pay you money to shop at the grocery store. Here are some of the best options to consider:
It’s easy to get into a habit of shopping at the same grocery store every week. It’s convenient, and you know where everything is. But you could save a lot of money by shopping at a less expensive store.
For instance, stores like Aldi and Walmart are some of the most inexpensive for basic grocery items. If you prefer organic food, shop at Trader Joe’s instead of going to Whole Foods. And every week, before you go grocery shopping, browse through the flyers at different grocery stores to see which one is offering the best deals.
[article post=”3″]Clipping coupons is still a great way to save money at the grocery store. SmartSource, Coupons.com, and Valpak are all great resources where you can find printable coupons online. Or you can clip coupons from your local newspaper or request free coupon books in the mail.
For most people, grocery shopping will always make up a big chunk of their budget. But by planning ahead and being intentional, you can save money at the grocery store.
Do you use any of these strategies to save money on groceries? Let me know in the comments!
One way I avoid impulse buying is not setting foot in the store in the first place. When I am on a strict food budget I will use the Curb Side pick up. This way, I know exactly how much the bill will be, give or take some items not being available, and I don’t have a to fight will power or the kids asking for everything they see.