How to Save Money on Groceries in 2024

Grocery shopping is a necessity for maintaining a well-nourished lifestyle, but with rising inflation, it can get challenging to balance a grocery budget. Thankfully, with some smart shopping habits and a proactive approach, you can control your groceries’ expenses and still enjoy delicious meals.

Start with the Basics

While diving into detailed tips can be beneficial, it’s essential first to cover the basics. Here are a few common-sense strategies to start saving immediately:

Bring your own reusable bags or bins: Not only will you save money on bags, but it’s also environmentally friendly.

Buy generic brands: Often, store brands are as good as their branded counterparts.

Check weekly flyers: Flyers can alert you to current promotions and discounts.

Use coupons: Coupons can be clipped from newspapers or printed from websites.

Price compare across stores: Identify which store offers the best deals on your staple items.

Ask for a price match: Some stores will match competitors’ prices if you provide proof.

Shop at discount grocery stores: These stores often have lower prices on commonly bought items.

Take advantage of sales: Time your purchases to align with store sales.

Join grocery store loyalty programs: Many offer discounts, points, or cash-back bonuses.

Optimize Payment Methods

One often overlooked method to save money is by making use of credit cards and prepaid cards with rewards programs.

Credit Card Rewards

Many credit cards offer significant rewards for grocery store purchases. Depending on the card you select, you could earn 5% or more back on your groceries.

Prepaid Cards

If getting a credit card isn’t an option, consider using prepaid cards with rewards. For example:

KOHO Prepaid Mastercard

Neo Money Card

EQ Bank Card

Budgeting Approaches

Creating an effective budget is crucial for controlling grocery expenses. The Hardbacon app is a helpful tool that connects all your financial accounts, allowing you to track your spending, budget efficiently, and manage your money from one place. Several budgeting methods can be considered like:

Traditional budgeting

Zero-based budgeting

The 50-20-30 rule

Shopping Strategies

Avoid Shopping with Children

Bringing children can lead to impulse buys due to their demands and clever product placement aimed at them. If possible, shop alone to avoid unnecessary purchases.

Utilize Money-Saving Apps

Pair your rewards credit card with money-saving mobile apps, such as Rakuten, CheckOut 51, Flipp, and Save.ca, to maximize discounts and rewards. A standout app is Flashfood, which offers significant discounts on near-expiry items. Pair it with a PC Financial Mastercard for extra points.

Plan with a List

Having a shopping list is non-negotiable to avoid unnecessary purchases. Before shopping:

1. Clean your fridge and pantry.

2. Create an organized list by department.

3. Consider planning your store route to avoid non-essential aisles and reduce impulse buys.

Shopping Online

To resist in-store temptations or if pressed for time, consider online grocery shopping with delivery or pick-up services from stores like Superstore, Walmart, and Save-On-Foods. While services like Instacart and Inabuggy can be convenient, be mindful of delivery fees.

Common Pitfalls

Not shopping on an empty stomach: Shopping hungry can lead to unnecessary and impulsive purchases.

Utilize your calculator app: Use it to calculate the cost per unit to ensure you’re getting the best deal, especially during sales.

Dietary Adjustments

Consider Plant-Based Meals

Reducing animal protein consumption can significantly cut grocery expenses. Incorporating beans, lentils, and tofu into meals is cost-effective and nutritious.

Buy Frozen and Canned Goods

These often have longer shelf lives and are cheaper than fresh produce, helping reduce food waste. Ensure to read labels to avoid unwanted additives.

Purchase in Bulk

Buying meat in bulk directly from farmers or butchers can offer long-term savings. For smaller households, consider teaming up with friends or family to share the cost and divide the meat.

Meal Prep and Batch Cooking

Prevent food waste and save money by prepping meals ahead. Batch cooking larger quantities and freezing portions for future use can make meal planning more efficient. This helps reduce last-minute takeout orders.

Utilize Kitchen Gadgets

Investing in the right kitchen gadgets, such as an InstantPot or a classic slow cooker, can help you make more economical meals quickly, saving both money and time.

Meal Subscription Boxes

While not the cheapest option, meal subscription boxes like Hello Fresh can save time and reduce food waste, making them a worthy investment for busy individuals. They offer pre-portioned ingredients and recipes, which can lead to overall financial savings if it prevents frequent takeout orders.

Teaming Up

Sometimes, saving money involves collective effort. Team up with family or friends to share bulk purchases or utilize supplementary cards to earn rewards together.

Final Thoughts

Saving money on groceries requires a mix of strategic planning, smart shopping, and sometimes, changing habits. By implementing these tips, you can manage to keep your pantry full without emptying your wallet. Happy shopping!

  • June 3, 2024
  • Lifestyle
  • Comments Off on How to Save Money on Groceries in 2024