to Cut Your Grocery Bill by 30% or More
As inflation and mortgage rates are rising you may be searching
to cut your grocery bills. This article can help you do just
that or at least give you some ideas!
Are you looking to trim your expenses? By following two simple
strategies, you can easily trim your food bills by 30 to 50%.
Strategy 1: Prepare more food at home
For every dollar that the average American spends on food,
50 cents is spent on food prepared outside the home. That
includes restaurant meals, fast food, and the cup of coffee
and muffin purchased on the way to the office. It includes
the ready-to-eat meals your grocery store offers, such as
fully cooked rotisserie chickens and prepackaged deli salads.
Simply reduce or eliminate these types of purchases, and you’ll
see a dramatic drop in your food bill.
If you usually buy your meals on the go, developing an alternative
strategy will save you big bucks. Planning ahead is key. Don’t
have time to eat breakfast at home? Pack yourself a bagel
and cream cheese, or a muffin or an energy bar, so you can
grab it from the fridge in the morning and go.
Pack a lunch the night before, too, so you won’t have
to purchase it at work. A lunch prepared at home costs less
than $2; a purchased lunch can cost five times as much. Packing
your lunch instead of eating out three times a week will save
you $750 to $1200 a year. If you pack your lunch five days
a week, you’ll save $1250 to $2000 a year.
If you’re too tired to cook dinner after a day of
work, find ways to make dinner easy without calling for pizza
delivery. Keep ingredients on hand in the freezer and on the
shelf for quick, easy meals. Put dinner in the crockpot in
the morning before you leave for work, and it will be waiting
for you when you get home. Prepare casseroles ahead of time
and freeze them. Have a selection of canned soups and stews
Strategy 2: Buy on sale and stock up
It’s time to change the way you grocery shop. Most
of us shop every few days, thinking ahead just two or three
meals at a time and buying accordingly.
By carefully watching the grocery sale ads, you’ll
find that most items you use go on sale every six to twelve
weeks. When something on your list goes on sale, buy enough
of it to last at least six weeks. You can even track sale
prices in a notebook or on a computer spreadsheet. Some sale
prices are good, but others are truly outstanding. Only by
tracking prices will you discover what’s really the
Make a list of everything you and your family like to eat.
Include breakfast, lunch, dinner, and snacks. Now divide that
list into categories – meats, vegetables, side dishes,
snacks, and so on. Of those items, a great many of them can
be stored on the shelf or in the freezer. By stocking up on
those items when they’re on sale, you’ll find
your grocery bill will drop dramatically.
Here’s an example. If you want to eat spaghetti and
meatballs for dinner (for a family of four), you’ll
pay $1.89 for a pound of spaghetti, $2.89 for the sauce, and
$3.59 for the ground beef to make the meatballs. That’s
$8.37. But if you had stocked up on spaghetti and sauce when
they went on sale for $.69 and $1.49, and put ground beef
in your freezer when it was on sale for $1.49, you’d
save $4.70. At first glance, that doesn’t look like
very much, but if you save that much daily it amounts to over
$1700 a year. Apply the same principle to breakfast, lunch,
and snack foods, and watch the savings add up even more.
Make just one weekly trip to the grocery store to buy perishables
such as milk, produce, and bread, and to stock up on whatever
sale items you can store. When it’s time to make dinner,
you simply turn to your well-stocked pantry and freezer. By
eliminating mid-week trips to the store, you eliminate impulse
buys. Shoppers who run to the store just to buy a gallon of
milk and a loaf of bread end up, on average, spending another
$10 in impulse buys.
Trimming your food bill can yield savings of $200 a month
or more, amounting to several thousand dollars a year. It
takes a little planning, but the rewards are well worth it.
Try a credit card that will help you save on grocery
bills from Discover.
Want more Ask the Banklady articles? bad
to get out of debt, how to cut
your grocery bills