Everybody knows that buying groceries and planning your daily meals can be very expensive. And it definitely is, but with these tips, you can save up a lot of money. Welcome to "5 Tips, XL Edition: groceries & food".
5 TIPS TO SAVE ON GROCERIES
Americans spend an average of $5,174 a year, or roughly $431 a month, on groceries, according to the latest spending data available from location intelligence firm Esri. Of course, the amount you spend on groceries depends on where you shop, what you buy, and the number of people in your household. Keep on reading to find out the best tips to save money on your next grocery run.
1. Pay with a grocery rewards card
Using the right form of payment at checkout can help you earn rewards that can be used to offset your bill. While a generic cash-back card like the Citi Double Cash Card can earn you 2% cashback (1% on all purchases and an additional 1% after you pay your credit card bill), there are specific grocery rewards credit cards that can earn you up to 6% back.
2. Sign up for the loyalty program
Most grocery stores offer loyalty programs that are free to join. This way you can benefit from member-only discounts that automatically deduct at checkout and all without the need to clip coupons.
3. Clip coupons
You can maximize your savings by clipping coupons for additional discounts. Look out for the weekly circular in the mail and sift through the pages for deals that matter to you. You can also download your favorite store’s mobile app to get instant discounts.
4. Join a wholesale club
Wholesale clubs like Costco can help you rack up savings for buying in bulk. If you have a large family, joining a wholesale club can be a good idea.
5. Stick to the list
Whenever you go to the supermarket you have to stick to the list, you will find lots of tempting products and it can be hard to follow if you bring your kids and/or shop on an empty stomach. The next time you go to the grocery store, make sure you have a list and stick to it so you don’t wind up raising your bill.
5 FOOD SAVING (GREAT) TIPS
Are you trying to cut down your expenses to save money? Saving a little every day can help more than you believe. Here are some easy ways to spend less on food:
1. Take your own lunch to work
This tip always comes in handy because it works! If buying lunch at work costs $6, and making lunch at home costs only $2.50, then in a year, you could afford to create a $600 emergency fund, for example, and still have money left over.
2. Commit to eating out less
Save money without sacrificing your lifestyle. You don’t need to stop eating out, you just need to eat out one less time every month, for instance. It’s a small sacrifice, but the result at the end of the year may surprise you.
3. Plan ahead
Have a light snack before you go shopping, and stick to your grocery list to help avoid impulse purchases or expensive mistakes. Plan your weekly menu and do your shopping respecting the list of things you need for it. People who shop with a list, spend much less money than those who decide what to buy when they get to the food market. The annual savings could be hundreds of dollars.
4. Make Healthy Choices -- They’re Cheaper
Eating healthier foods can actually save you money. The savings came from reducing portion sizes and from buying fewer of the high-calorie foods that usually increase the amount spent at the grocery store. People tend to spend a lot on those "extras" -- like sodas, bakery items, and chips.
5.‘I’ll take a water, thank you.’
It’s standard in the restaurant industry to mark up the cost of alcohol or sodas by three to five times. An easy way to cut down on your restaurant spending without changing your habits too much is to skip the beverages, alcoholic and non-alcoholic.Just drinking water will hlep you save many dollars each year.