Saturday, May 2, 2009

HOW TO SAVE $1000 ON GROCERIES A YEAR

I ran across this great article just now on our local news website, www.wmur.com, and I just had to share it. I hope this information helps you further save on your monthly grocery budget. I am so excited to say that I added my grocery receipt for April and my total was $413. I have certainly come a long way from my previous ways and it has been so easy and fun. So, if you are just getting started, hang in there. It just gets better!


Here's the article:

"The US Department of Labor estimates that the average American family of four spends $8,513 per year on groceries, or about $709 per month."

We've got a few tips that could save you $1,000 or more on groceries this year:

1. Buy generic. Virtually all grocery stores now sell their own generic brands of the most commonly sold products. Things like generic cereals and canned goods can save you big bucks, thrifty bloggers say. But if you're shopping with coupons, be sure to double-check that a generic is still cheaper than the brand-name with your discount. If you switch entirely from name brands to generic, you can save up to 40 percent off your annual bill, according to CNBC. That's $3,400 off an $8,500 annual bill!

2. Shop Less Often. Double the time between your grocery shopping trips and you'll spend less. If you currently buy groceries twice a week, stretch it to once weekly. If you normally spend about $100 a week, you won't spend $200 for two weeks, according to Woman's Day. Your total will be closer to $150, for a savings of $100 a month or $1,200 a year.

3. Use Coupons. Use coupons and grocery store discount cards to save money at the checkout. Some smart shoppers can save up to 50 percent off their annual grocery bill just by clipping coupons. So if you spend $300 a month on groceries, or $3,600 a year, you can save $1,000 in no time.

4. Shop Alone. Industry studies say you'll spend 10 to 40 percent more if you have kids in tow. If you usually spend $150 each time you go to the grocery store, you'll end up spending an extra $15 to $60 more than that if you shop with the kids. Shop alone and you'll save up to $1,440 a year.

5. Don't waste food and don't waste money on prepared foods.
Instead, prepare meals ahead of time and freeze them, or double a recipe when cooking and freeze the second half for a hectic day coming up. One recent study said the average family throws away 14 percent of the food it buys. On a $150 weekly bill, that is more than $1,000 back into your pocket every year.

6. Get in and out of the grocery store quickly to save money.
Statistics show that after 30 minutes of shopping, you'll spend 50 cents for each additional minute you're in the store. Stick to your list and you'll save about $60 a month or $720 a year.

7. Always make a list to save money at the grocery store.
One study says the average U.S. consumer spends more than $10 on impulse buys every trip to the supermarket. If you shop twice a week, by sticking to your list, you'll save about $240 a year.

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