How To Save Money On Groceries💰

Saving money on groceries can have many benefits. You can start saving by considering these tips:

See What You Already Have: Some shoppers head to the grocery store without taking inventory of what they already have at home. Before you buy one too many loaves of bread or gallons of milk, check your refrigerator and pantry. Snap a picture of what you already have or make a list of what you know you’ll need.

Limit Shopping Trips: The less you visit the store, the less likely you are to impulse purchase.

Stick To Your List: About those impulse buys, using a grocery list and sticking to it can help fight the urge to spend more than you'd planned. Consider shopping alone so you can get in and out quickly, without kids lobbying for items not on the list or in your budget.

Calculate Your Burn Rate: Your burn rate refers to how frequently you use up products. Figure out how long certain products last you, then stock up on deals accordingly. If you have room in your freezer to buy a few extra sale-priced chickens, go for it. But if your favorite bagged chopped salad is on sale and you buy more than you can eat before the expiration date, you’ll end up overspending.

Try Generic Brands: I've said this in a few other posts, most of the time generic brands are better or just as good as name brands. And they're cheaper!

Use Credit Cards Strategically: Check your credit cards to see if you can earn cash back or other rewards when grocery shopping. You'll need to track details like spending caps, possible annual fees and rotating categories. But rewards credit cards can pay 1% to 6%, which could shave hundreds of dollars a year off your food costs. To reap the best return, pay the card off in full each month rather than carrying a balance. Otherwise, interest charges may eat up your savings.

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