No this isn’t a new version of the song by Dire Straights but with our economy it could be.
I copied this right from Oprah.com after watching todays’ show about saving money. What better place to put this than on my blog. 🙂
Here’s ways to save on groceries. There are only three of us in this house and somehow we spend a ridiculous amount of money on groceries each month (around $1200). Sadly much of it goes in the trash.
Ok so I’m game. I’ll play along and for the next month see how much I can save at the local grocer. Anyone who wants to take the challenge with me I would love to have the company. Here’s what to do:
Stephanie Nelson, founder of CouponMom.com, says it’s possible to fight the rising cost of groceries without sacrificing your favorite foods. Try her simple coupon saving strategies the next time you go to the grocery store:
Plan your meals and shopping lists around featured sale items.
- Use your store’s weekly sales ad flier to plan your menus for the week. Then, write your shopping list around the items and brands that are on sale.
- Taking a few minutes to make a detailed plan will save you the time of making unplanned trips to the store during the week—which can ruin your budget.
- Planning ahead also helps you avoid impulse shopping during your trip.
Know how your stores’ savings programs work.
- Do they have “buy one, get one free” deals?
- Do they double coupons?
- Do they offer a store discount cards that gives you automatic discounts?
- Do they have special store coupons?
- Once you know your stores’ rules, you can combine them to pay the lowest possible prices for your items, such as using two coupons with a “buy one, get one free” deal. Combining strategies can result in free items.
Use grocery coupons, ideally when the item is on sale.
- Buy the Sunday newspaper—75 percent of grocery coupons come from the newspaper. Buy two to three copies per week to save dramatically.
- Go online—grocery stores often have their best deals and printable coupons on their websites.
- Many stores offer electronic coupons that go directly on your store discount card.
Stock up on common items when they hit their lowest price.
- Don’t buy a year’s supply, just enough to last until the next sale (two to three weeks).
- Boneless chicken is on sale every other week at Stephanie’s grocery store, so she buys two weeks of boneless chicken every other week to store in her freezer. This habit saves her family of four $325 a year on this one item.
Be flexible about brands and stores.
- Buy the brand that’s on sale with a coupon, or get the store brand if it’s less expensive.
- Shop at the store with the best prices for your items that week.