Explore Education Center
Financial Tips
Smart ways to manage your money
Investing Basics
What you need to know to get started
Planning for Retirement
Tools to plan for your future
Saving for Education
Be ready when they’re ready
Recommended Reading
Our top picks
Saving Money at the Grocery Store

We all have to eat, but food prices have been on the rise. So how do you avoid breaking the bank when you go to the grocery store?

For starters, have a plan. Take inventory of what you have and make a list of what you need before going to the store. Now here’s the secret that everyone already knows: once you get to the store, STICK TO YOUR LIST!! You’ll be surprised how hard it is to only purchase the items you actually wrote down. Be especially careful to avoid compulsive purchases and buying items just because they are on sale. Sticking to your list alone can help you save.

For an old fashioned idea, keep in mind coupons. On average, using coupons will save 10% off your total bill. And the internet has revolutionized couponing to make this even easier. Couponsherpa.com is a great site with coupons from over 5,000 stores.

Now a quick word about bulk shopping. Buying items in bulk can be useful for certain products like toilet paper, paper towels, and laundry detergent. But be careful of buying bulk items that perish quickly – if you can’t use them up in time, you’re just throwing away money. So shop smart.


> Click here to return to the main Money Minute page

 

Past performance does not guarantee future results. © Ariel Investments, LLC. The mutual funds offered by Ariel Investment Trust are distributed by Ariel Distributors, LLC. Use of this website is subject to our Terms & Conditions of use. Each of the investment products, mutual funds or services referred to in this site may be offered only to persons in the United States. This web site should not be considered a solicitation or offering of any investment products, funds or services to investors outside the United States. Original illustrations © Omar Rayyan 2007.