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.
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This information in the Financial Tips section is provided for educational purposes only and is not tax, legal, financial planning or investment advice. Neither the information nor any opinion expressed in this section constitutes an offer to buy or sell any securities or advisory products. The information provided is general and is not information reasonably sufficient upon which to base an investment decision and should not be considered a recommendation to purchase or sell any particular security. You should not regard this information as a substitute for the exercise of your own judgment. Investing involves risk.