6 Money-Saving Food Myths
by L. C. Peterson
Almost everyone needs or wants to save money from time to time. Some expenditures can not be changed easily, such as rent, car payments, and insurance. Saving on food is a goal many try to accomplish. It is one of the budget items that can be adjusted, and it is not hard if approached with forethought.
The average American family today dines out and uses convenience foods far more often than families did 25 years ago. This budget area offers an excellent way to spend less while still eating well. To save the most, know certain shopping truths. To know how something works, you sometimes need to know what doesn't work.
Six myths of saving money on food
To save money you have to use coupons. False. You can save money on food without using coupons, but it takes a little more planning. Two-for-one item sales and special holiday sales can help particularly.
- Wholesale stores are always better to shop at. False. While certain items bought in quantity offer significant savings, the choice of what you need or want may not be there. Check the price to be sure it is a better price!
- Store brands are always the cheapest buy. False. Sales frequently bring brand names close to store brands. When you add a coupon or buy at a two-for-one sale, the price of brand names may be less.
- You save more money by shopping several stores. False. How much is your time worth? How much more will you spend on gas? Would you be able to stick to a set list when you shop more than one store? On a weekly basis, our finding is one particular store will usually be your best buying location.
- Buying the largest package saves more. False. The larger volume package does not always save money. Plus, is there any waste? Can you use it all?
- It takes a long time to prepare to save money. False. Our weekly grocery trip is planned in less than one hour, rarely longer except for big events. Most of it I do sitting in front of my favorite TV show.
Each of the above six statements are incorrect. Want to save money? Take a look at how you are shopping and what assumptions you are making. Taking time to check out those assumptions may save you from making some costly mistakes.
L. C. Peterson is a freelance writer and web site consultant. Find out more money saving tips at grocerystoresavings.com.
Take the Next Step
- For all things "Groceries & Food," please visit www.stretcher.com
- Do you struggle to get ahead financially? Then you'll want to subscribe to our free weekly Surviving Tough Times newsletter aimed at helping you 'live better...for less'. Each issue features great ways to help you stretch your dollars and make the most of your resources. Subscribers get a copy of our ebook Little Luxuries: 130 Ways to Live Better...For Less for FREE!
More Tips & Tools to Help You
Live Better...For Less
- Is your family normal? See how other households spend their money
- 5 big bills you can cut fast
- 5 frugal ways to expand your living space
- Where to find the best deals in February
- 4 steps to a simpler (and more frugal) life
- When your teen is ready for their first car
- Save over $2000 in baby's first year
- Get rid of lice for good!
- Ways to avoid the high cost of a divorce
- What is the cost of raising a child?
- Spouse income calculator
- Should my spouse work, too?
- College savings calculator
- Home budget calculator