financial planning

Simple Ways to Save Money on Groceries

Everyone wants to save money. This is a fact that no one would contest. We meticulously track all our expenses just to find ways to reduce costs and to increase our savings. However, we seldom pay attention on how we spend our grocery budget thinking that it is a necessary expense. While this is true, there are still many ways to trim down our grocery expense. Aside from making sure that your tummy is full before heading to the store, here are simple ways to save money on groceries.

save money on groceries

Prepare a Menu

Depending on how often you do your grocery shopping, prepare a menu for all the meals your family takes and list down all the ingredients you would need. This guides you to buy only what is needed and helps you avoid having to run back to the store midweek.

Patronize In-House Products

While name brands are preferred for most food products, generic store-brands can be good purchases as well. Some food staples such as sugar, salt, pepper, cooking oil generally taste the same whether they’re generic or branded. In these cases, opt for the store-brand which is more affordable.

Use Coupons

Coupons offer only small savings but these add up when used. A dollar saved is still a dollar after all. Do avoid impulse purchases though. Do not buy something you don’t need just because there’s a coupon for it.

Use Discount Cards

Most stores now offer discount cards or reward cards to loyal customers. Every purchase you make earns you an equivalent number of points which can be used to redeem prizes or which can be converted into cash coupons. Used on top of ongoing sales, these discount cards allow you to increase your savings.

Stock Up During Sales

Buy non-perishable household products in bulk during store sales to take advantage of the huge discounts. Cleaning products, paper towels and toilet paper, toiletries, and other such products you regularly use can be kept in storage for a year or so. Stock up on these on the store’s biggest sale during the year.

Bring a Calculator

One of the best ways to save money on groceries is by comparing which brand offers the best value for a certain product. It can be difficult though to compare costs when volumes vary that we tend to just grab the one with the lower price tag which may actually be costing us more. Having a calculator makes it easy for you to compare dollar-per-volume values and to choose the brand with better value.

Pay In Cash

While a credit card offers convenience, using one often leads you to spend beyond your actual budget. It is better to avail of EastWest personal loan than to incur huge credit card debts. When you go grocery shopping, bring just the exact budget for that trip and stick to it.

There are really so many ways to save money on groceries. Just by following those mentioned above could cut your expenses by 25%. It may be fairly easy to get on cash loan Philippines, but financial planning may mean that you won’t ever need to have to take one out. This could be a big help though on immediate expenses without breaking the bank.

It may seem simple, but planning your grocery shopping is already once step towards financial stability.

Image Credits: Pixabay.com

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