Food shopping is an essential part of living for every family. But over the years, prices on fare have increased steadily, causing households to spend more and more on their weekly groceries. And, according to the Bureau of Labor Statistics’ Consumer Expenditure Survey, the average American family shells out nearly $540 a month on food, with an average of approximately $312 for groceries.
But unlike your mortgage or gas bill, what you spend on food is flexible. Start with these tips to reduce your supermarket spending today:
1. Scour store sales and stock up. While many people think it’s the coupons that save families in groceries, it’s more so store sales — and combining a store sale and a coupon is one of the best money saving things you can do. Also, when something nonperishable that you use is on sale, it’s a good idea to stock up. It may seem counterintuitive at the time to spend more money (since you’re buying more), but in the end, you can save hundreds. Meats are also good to buy in bulk when they’re on sale, as they will freeze well.
2 …But don’t be fooled by said sales. Many times, a store will list a product for something along the lines of “buy five for $10” when, if you do the math, you may only be saving a couple cents. Also, keep in mind that when sales like these are listed, many times, you don’t need to buy five products, or whatever amount listed to get the sale price. So, for example, if a sale is for “two for $5,” buying one will cost you $2.50. Retailers are just listing that price in hopes that you’ll buy more. Don’t fall for it!
3. Clip coupons. Search your Sunday newspaper or visit websites such as Coupons.com, SmartSource.com and Redplum.com where many manufacturer coupons can be found and printed for free. There are also sites such as CouponMom.com, LivingRichWithCoupons.com and TheGroceryGame.com that offer up-to-date sales-tracking services for most states and grocery chains. In addition, it’s a good idea to shop at the stores that double your coupons (usually under 99 cents).
4. Don’t shop on an empty stomach. Even if you know you’re on a budget, a study published in the Journal of Consumer Research found that you’re likely to spend more money if you don’t eat beforehand. So, before you hit the market, have a meal or take a snack with you if you’re on the go.
5. Use cash. “It’s psychologically more difficult to fork over cash than a credit card,” says Jeanette Pavini, Coupons.com’s household savings expert. It’s said that using cash when grocery shopping will cut your spending by about 25 percent. Before going grocery shopping, stop at an ATM so that you’re fully stocked up on cash. You could also start a “grocery jar” and drop a few bucks into it each day or week, and use it solely for food shopping.
6. Keep your focus. Does a product ever catch your eye so much that you evidently stop and examine it, mulling over whether you should purchase it? It turns out that the more you interact with a product, the more likely you are to buy it.
“Virtually all unplanned purchases…come as a result of the shopper seeing, touching, smelling, or tasting something that promises pleasure, if not total fulfillment,” says Paco Underhill in the book Why We Buy. Another way to avoid impulse buys? Ride your bike or walk to the store.
“It’s amazing how focused you can be when you are limited to one shopping bag full of groceries,” says Ross Williams, writer at simplemindedinvestor.com. “Once you are very conscious of each purchase, it seems to carry over even to the small items where space isn’t really an issue.”
7. Check over your receipt. Just because a product is on sale doesn’t mean the register will automatically ring it up correctly. Always watch your products being scanned and if something trips you up, don’t be afraid to ask politely if that price is correct.
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