7 Tips to Save on Groceries
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With food prices soaring in the last few years, finding ways to spend less on groceries can be an uphill battle. But don't despair. With a few key changes, you can feed your family for much less than you thought possible.
1. Make a List
Planning out your grocery shopping at home is a key step that people often forget. If you go to the store without knowing exactly what you're going to get, you're more likely to buy things you don't need. So take a quick inventory of what you have in the fridge and pantry. Then, make your list based on what you're running low on and the meals you have planned for the week. Once you're in the store, stick to your list to avoid additional spending.
2. Find the Deals
This seems like an obvious one, but you can save a lot by using coupons and buying items on sale. Digital coupons can be found at many grocery store websites, as well as in your local newspaper. And even if they don't have coupons, they may show you what's currently on sale. You can also save by using coupon apps like Checkout 51, Flipp Deals, and Fetch Rewards. If you find a good deal on an item, stocking up on it is probably a good idea (as long as you have the room for it).
3. Compare Prices
You might have a go-to store for grocery shopping, but seeing if items are cheaper somewhere else can end up saving you a lot of money over time. Apps such as Shop Savvy simplify this process by comparing prices on items to help you find the best deals. You may also be able to find better deals on certain items online compared to physical stores. Consider that buying bulk items can also save you money, as long as you're not getting more than you will use.
4. Use a Rewards Card (Responsibly)
Many credit cards offer 2% cash back on purchases, but some will even go as high as 5% for certain categories like groceries. Of course, credit cards can be a double-edged sword. While you can save with money-back rewards, you will end up spending more than you save if you don't pay off your card every month.
5. Buy Generic Brands
Generic brands are often cheaper than their branded counterparts. The savings can be as high as 25% or more. Many generic brands have the same ingredients and taste just as good, so you won't be sacrificing quality.
6. Don't Throw Out the Leftovers
If you're looking to save money, avoid throwing out leftovers from your meals. If you can get two or three meals out of something you prepared, you will be spending that much less at the grocery store.
7. Raid Your Pantry
Along these same lines, you may be storing food items that you don't even realize you have. Put these to good use by incorporating them into your meals. The worst thing you can do is buy something and let it go to waste by not using it.
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