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In: Personal Finance
20 Mar 2009With the economy in a free-fall, many of us are wondering if our jobs may be next. Yes, the unthinkable is happening to nearly 20, 000 families everyday. Have you saved enough to be secure if your job is next? If you have not had the foresight to do so, or the extra cash to make your nest egg grow, all is not lost. One of the best places to look for savings is in your grocery budget.
All to may of us have been lax in our food budgets and have an unexpected oppertunity for savings.
Reducing grocery expenses doesn’t need to be a chore, there are easy ways to accomplish the task.
You do not need to go without your favorite foods, only make a few efforts to make better spending decisions.
Pump up your savings account with these 10 easy grocery savings tips:
1. Buy extra when prices are low. Anytime you can save 50% or more is a good time to stock up and buy a few extra items on nonperishables.
2. Use double coupons to reduce expenses. Even without the desire to coupon all the time, using high face value coupons is a money saver. Ten coupons for a dollar each will save you $10 a week, while going to a double coupon store will save you $20 per shopping trip.
3. Combine double coupons with products already on sale. Youll be surprised that name brand products can be just pennies on the dollar.
4. Avoid paying full price and only buy when items are on sale. You will always save 30-50% if you never run out of sale priced items and eat only what is on sale. An important thing to know is that most items are on sale within a 4-6 week sale cycle.
5. Private label store brands save money. Where once store brands lacked quality, today they are as good if not better than the national brands. Give private label products a try and see how quickly your grocery bill goes down.
6. Dollar stores can be great sources of discounted food. The dollar stores around my home carry dairy, produce and frozen foods all in major name brand products.
7. Go shopping alone, without the family and spouse. To get you best deal takes concentration and the fewer distractions or time pressures the better.
8. Go with a plan. Plan how much and what to purchase before you go.
9. Keep food waste to a minimum. You worked hard to reduce expenses, so don’t waste your efforts.
10. Get your coupons for free online. Online free food coupons are able to be printed from your computer. Most printable online grocery coupons have face values of a buck or more.
Yeah, times are tough I know, but you can find money in your food budget to start saving a nest egg, just by making a few minor adjustments at a time. The important thing is to just get started today and a few weeks from now you will be a pro at saving money on groceries.
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