Are you trying to cut cost and save some cash? Focus on your grocery budget and save more. Here are 7 ways to spend less money on groceries.
Did you know that the average American family spends over $7500 on food every year? Busy lives mean that we often purchase food inefficiently. We compromise on quality and cost because we simply don’t have the time to choose better.
However, if you need to save money each month, did you know you could start by slashing your grocery budget? Why not take a minute to find out how you can spend less money on groceries without compromising on quality.
- How Much of Your Income Are You Spending on Groceries?
Tracking your spending is a well-known way to reduce your outgoings. It allows you to look dispassionately at your spending and decide whether you want to make the same purchases again.
There are even companies such as Ibotta, that will pay for this information. Simply scan and send them your grocery shopping receipts and they will send you payment.
Tracking your income helps you to calculate what percentage of your income you are spending on groceries. If you get a pay rise you may be able to increase your grocery budget.
You can do this by means of your paycheck or bank statements. Or if you are self-employed by means of handy tools like PayStubCreator.net.
- Cashback Sites
If you want to save time by shopping on the internet rather than going to a store, this will open yet more ways to save money. One way is to use cash-back sites.
Sites such as Rakuten and eBates will share with you their commission in exchange for purchasing from companies that they partner with. eBates for example, partners with over 2,500 stores. You can even earn cash just for signing up!
- Get Paid to Walk into the Store
Information is very valuable. Yet we take in information every day when we walk into stores. Can we leverage that information and sell it for good money? The Shopkick app gives us the opportunity to do just that.
Simply enter into a store and scan barcodes of selected items. Make a purchase of an approved item and submit the receipt. After this, you will have the opportunity to watch related videos and see online content and get paid for your time.
This might seem too easy and too good to be true. However, you can use the Shopkick app in large stores such as Starbucks, Sephora, Target, Walmart, and Best Buy.
- Earn Cashback From Your Card
Using a credit card for purchases has long had benefits, however, this one is particularly generous. This is the Capital One QuickSilver card.
You can earn 1.5% cashback on every purchase you make, each and every day. In addition to this generous offer, if you spend $500 within 90 days, you receive a bonus of $150.
Of course, lots of credit companies offer benefits for choosing their card. Shop around for the best deal. However, you are unlikely to find a better offer than this.
- Save on Your Prescription Refill
If you are coming to the end of your prescription and are not able to go to the pharmacy what can you do?
Phil is a prescription refill service that, yes you guessed it, can save you money. Simply talk to your doctor and ask him to send your prescription to PhilRx. They will then deliver your prescription medication to your door.
After signing up, you will receive a $30 discount from your first prescription.
- Online Bulk Shopping
Buying groceries in bulk is a great way to save money. This will often mean that you can get exactly the product you need at much cheaper rates. you just need a place to store the products until you use them.
Amazon offers its own bulk items ordering service to customers or you can use an alternative supplier such as Boxed.
- Don’t Go Shopping When You Are Hungry
Here is a practical tip: Stay away from the store when your stomach is rumbling. You will want to eat items that do not suit your budget.
Studies have shown that shopping when hungry leads to unwise purchases of high calorie and high priced items. Even eating a snack before you enter the store can protect your shopping judgment and save you needed dollars.
- Stay Away from Long Queues
You might have noticed that large discount stores carefully plan aisles for their queues to wait in when paying for goods. These aisles generally have a number of smaller impulse purchase items available such as chocolate or other small cheap items.
The longer you wait in the queue, the more you tempted to purchase that candy bar.
If possible, avoid this situation entirely by shopping at times when queues are short. Or engage yourself during your time in the line by talking with others nearby or on your cell phone.
These long queues are designed to encourage you to pick up those last items, avoid the temptation and save your valuable dollars.
- Use Your Coupons
If you are looking to save money, our final suggestion can make a big difference. Even small coupons for items you plan to buy can add up to large savings over time.
Better still, team up with a coupon company. These will help you to find the coupons you want when you want them. At the end of the month calculate how much they have saved you. You will be glad that you took the time to use them.
Learn How to Spend Less Money and Many More Money-Saving Tips
Life is expensive. If you want to save up for what is really important, you need to plan ahead. It pays to learn to save well and to find the best ways to spend less money. If you are looking to get the best value out of what you buy, we are here to help.
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