Food is the average American households largest expenditure after housing and transportation, according to the Bureau of Labor Statistics. But unlike the top two expenses, there are a lot of ways to manage your grocery budget month to month to cut back on extraneous costs.
Welcome to Cheap Chow week! Food is more expensive than ever, and it may seem like your only cost-effective options are fast food or instant ramen. But it doesnt have to be that way. This week well be showing you how to buy, cook, and eat food in a fiscally effective manner, without sacrificing fun or flavor.
Here are a few tips to try. Loyalty Counts
To maximize your dollars, sign up for your local grocery stores loyalty program for big savings (heres Meijers, Publixs, Safeways, Winn-Dixies). You can also sign up for email newsletters for more potential savings.
Coupons are of course a big source of savings. Youll find your grocers in your local paper, and if you use Amazon, there are weekly coupons available, too. Stores like Kroger, Publix and Walmart accept competitor coupons, as well. Heres a basic guide to coupon-ing, and here are the best, non-crazy ways to use grocery coupons. Article preview thumbnail How Much Do You Spend On Groceries?
How much do you spend on groceries? According to the USDA, Americans in the U.S. spend as much as
Read more Plan Your Meals
To cut back on costs, plan your meals around whats on sale or ingredients you can buy in bulk. If youre new to the meal planning game, sites like Budget Bytes offer meal tips and tasty recipes. If the store is out of the sale-priced food, ask for a rain check (in other words, when its back in stock youll get the sale price). Ask customer service or a cashier how to sign up.
And if you have food thats about to expire, dont let it go to waste. Use a site like SuperCook to craft recipes around the ingredients you do have. Here are a few resources we have on that:
The Start to Finish Guide to Saving Time and Money on Food Prep How to Plan Your Meals, Stress-Free 12 Strategies for a Successful Meal Prep Day What to Do When Meal Prepping Never Seems to Work for You How to Shop, Cook, and Eat Healthy When Eating for One How to Plan Meals When Youre on a Tight Budget How to Save Money on Groceries and Keep Making Awesome Food
Only Shop for What You Need
Before you head out with your meal prep list in hand, take stock of what you have. You can use an app like Out of Milk to keep track (notebook and pen works just fine, too).
This includes forgoing temptations, like a 10 for $10 sale. Those might seem like a good deal, but make sure you check the unit price, so you know whether youre actually saving money. Stock Up on Cheap Basics
By keeping your pantry loaded with meal basics, youll save money in the long run. That includes things like brown rice, beans, dried spices, peanut butter, flour, eggs, canned tomatoes and tuna, oatmeal and frozen fruits and veggies (more on that below). That way, if you have to work late or are having a lazy weekend, you have staples around to make something easy and inexpensive.
Heres how to make 17 meals from one chicken, here are simple crock pot recipes that save time and money and heres how to make canned beans taste amazing. Article preview thumbnail Ten Items You Should Always Stock Up On
Let's face it: No one wakes up in the morning with a burning desire to buy everyday
Read more Comparison Shop
Do a one-time comparison on your grocery staples at the stores you frequent, either with a paper list or an app like Basket (weve written about price books in the past). Apps like Favado and Grocery Pal also track sales and compare prices.
If you have a few really pricey items on your list, like a meat, consider swapping them out for a cheaper alternative. For example, you can trade Jasmine rice for Basmati and lentils for quinoa for some savings, or try dried beans instead of canned. For meats, Bon Appetit recommends beef shank in place of short rib, chuck steak instead of rib-eye and lamb neck rather than lamb shank.
As weve written in the past, different stores offer different deals:
Dollar stores: Consumerist made a list of 15 things you should buy at the dollar store. Trader Joes: Ive found that cheese and nuts are cheaper at Trader Joes than most grocery stores near me. CBS News has a few more Trader Joes findings. CVS: CBS News also rounded up a list of 5 things to buy at CVS. Costco: We made a list of what to buy at Costco vs. your regular grocery store. Whole Foods: Surprisingly, Cheapism was able to round up 25 products that are cheaper at Whole Foods.
Take Advantage of Cash Back
Many credit cards offer cash back incentives for grocery shopping. Make sure you understand your cards regulations and rotating categoriesfor example, some quarters Chase will give five percent cash back for grocery purchasesand maximize your spending. Likewise, apps like Checkout51, Ibotta and SavingsStar will give you cash-back if you have a copy of your receipt. Article preview thumbnail Get 5% Cash Back at Whole Foods with Your Amazon Prime Rewards Card
Amazons recent takeover of Whole Foods is getting sweeter for Prime members, who will now receive
Read more Learn Your Stores Tricks
Your grocery store employs a whole host of tricks to get you to spend more. For example, food manufacturers pay to keep their food at eye level, or displayed around the storelook above and below whats right in front of you for a better deal. Another tip: according to a study from IHL Consulting Group, impulse purchases dropped by as much as 32 percent when shoppers used the self-checkout lane, because there were fewer temptations.
And dont be afraid to embrace frozen food. While you might think fresh produce is always healthier, that isnt necessarily the case. It could have pesticides or have traveled a great distance, losing nutrients along the way. Readers Digest has a list of fruits and veggies you might be better off buying frozen, including berries and spinach. As for meat, ask your butcher what time of day it usually gets marked down, and read this for tips on saving money on meat. Article preview thumbnail Why You Keep Falling For Stores' Pricing Psychology Tricks
Weve grown wise to how stores try to trick you into paying more by using shady pricing psychology
Read more Look for Alternatives to Chains
Youll get fresher, cheaper produce at your local Community Supported Agriculture association than you would at your local chain store, at least during the summer months. With most CSAs, you pay a fee upfront, and then you pick up your produce from local farmers throughout the season. You may also be able to buy additional shares that are good for eggs, bread, cheese and more. Find out more here.
Similarly, you can start a bulk buying co-op with neighbors or friends, which we wrote about in-depth here. Ethnic markets, too, typically have cheaper prices and better varieties of spices and other staples, like rice.
Have more tips? Let us know in the comments. Recommended Stories How to Save the Most Money on Your Grocery Budget with a Price Book How to Start a Bulk-Buying Co-Op with Your Friends and Family How to Make Canned Beans Taste Amazing About the author Alicia Adamczyk
Personal Finance Writer, Lifehacker | More money fun: http://tinyletter.com/moneymoves
Poster Comment:
ingredients you can buy in bulk
Doesn't work at Canada;s Loblaws. Can get a popular kg package of choc chips for $8 whereas for bulk you have to pay $2-3 more because the packaged kilos can come in on a palate whereas the bulk bins require frequent (labor) fill ups. Two of the kilo packages cost $16 or on special occasionally $15 whereas the less popular 1.8 kilogram package costs $18.
There are also discount stores that sell overstocks and close to best before date.