Groceries are a major part of household expenses. In fact, many families spend a huge chunk of their monthly income on groceries and other household items. If you have saving on your mind, you must learn to cut the costs on your grocery bill. Even small savings every month can make a big difference over time. Here are some tips on how to save money on groceries that you may find useful:
- Go on a cash diet: If you are in the habit of buying with credit cards, then give this practice up immediately. With a credit card in hand, your mind will be automatically geared to how much the credit card company will let you spend, and not how much you can afford. As a result, you will often buy more than what you need, you will buy things that you will not need, and you will buy on impulse. Therefore, make it a habit to buy with cash only to curb your spending at the grocery store.
- Grow your vegetables at home: If you have a backyard, and open rooftop or an extra space in your home, you can turn it into a vegetable garden. Many vegetables, including tomatoes, lettuce and eggplants, happily grow if you give them a little care. If you don’t have an outdoor garden, you can grow them in flower pots. Home grown vegetables can help you save money on groceries in a big way.
- Reduce nonessential items: Make a list of all the items you buy and put them under two headings: essential and nonessential. Put the food and household items that are absolutely necessary under ‘Essential’ and the rest under ‘Nonessential’. This will give you an idea of how much you’ve been wasting money on nonessential items like sugary treats, convenience and frozen foods. Cut out or reduce the number of nonessential items starting on your next shopping trip. You will immediately notice the difference on the bill.
- Reduce the number of shopping trips: The more you go on shopping trips the more you are likely to give in to impulse buying. So reduce the number of shopping trips down to once or twice a month by planning your meals ahead of time. You’ll know exactly what you need to buy and how much because you’ve made a list. Plus, you’ll save money on gas by not making multiple trips to the store each week.
- Take advantage of sales: A good way to save money on groceries is to buy during sales. Scan your weekly flyers in advance to discover where the sales are going to take place. Make sure to buy only the items that are on sale, have a considerable discount, and you know for sure that you will use them. You can use this opportunity to stock up on items that do not spoil, such as canned foods and other non-perishable items.
Stay tuned to our blog for more tips for saving money in your everyday life. If you’re finding it difficult to save money, pay your bills, and manage your debt, talk to one of our credit counselling specialists who can help you develop a budget.