We're back - with the ultimate five grocery savings tips you need to know...

groceries

There was a lot of interest in the bottom half of this list last time – so here are the top five ways to cut down on your grocery bill… Grocery shopping may never be the same in your household!

The 5 best ways to save money on groceries

5. Always look at the price per unit (eg. $/g), to make sure you are getting the best value.   

Often the medium-sized packages are the best value (vs. the largest).  Don’t ask me why.  If you’re shopping with children of just about any age it can be fun to talk about what you are buying and why.  Looking at ingredients for nutritional value, and freshness of produce are important but not checking for VALUE (price per amount) is like throwing money away.

4. When buying fresh fruits and vegetables try to buy them in-season, but if not buy them frozen. 

In-season produce is tasty and easy on the wallet.  There is nothing like a corn roast during peak season or fresh strawberries and ice cream in the summer.  Frozen vegetables are harvested at peak ripeness and quickly frozen to maintain flavour and nutrients.

3. Take advantage of grocer guarantees.

Examples: Price Guarantees, Freshness Guarantees, We Have It or It's Free Guarantees, Quality Guarantees. If you choose to only shop at one grocer because of time or distance restrictions check out your grocer’s guarantees.  A quick scan through others’ flyers in your local newspaper could apply to your grocery purchases.  A good use of 10 minutes a week.

2. Don’t shop when you’re hungry.

You’ll buy more.  You’ll rush.  You’ll miss out on opportunities.  And you’ll probably buy more things on impulse.  If you go after dinner you’ll likely find the grocery store a little quieter and be able to concentrate better (and find those great deals!).

1.  Try not to be tempted by the items at the register. 

These are usually high profit margin products that have nothing to do with feeding your family.  When you ‘cave’ to a register item you are proving to the head office that their marketing strategies work.  Prove them wrong.  Pop into your local dollar store and get your gum, flashlights and batteries at half the price.

1(A). Ok, I had to squeeze one more onto the list: Don’t shop on credit.

If you are extending payment on a couple of your credit cards, don’t use those cards for your groceries.  You’ll add another 19% (annually) to your grocery bill.  The rewards miles you may be getting are only worth between 1% and 3% of your purchases.  Better to use your debit card or a credit card without a revolving balance.  There’s no use saving 40% if you’re going to give it all back in interest over a couple of years.

That’s it… There are many more tips out there but these are my top five. Even doing just a couple of these can help with the grocery bill.  And when the grocery bill is often the second largest category in your household budget, it’s just too big to ignore.

Happy grocery shopping, everyone!

 

 

Money coaches by Niagara Region Money Coaches
Sister company to York Region Money Coaches, Founder/Owner, Trevor Van Nest, CFP® has opened a new office to personally service the Greater Niagara Region. He has helped hundreds of individuals and couples gain control over their personal finances.