Have you noticed you’re paying more for the same amount of groceries? Here are some tips to help you manage the rising cost of food.
The rising cost of food and other goods at the grocery store can make it difficult for many families to stick to their budgets. The Bureau of Labor Statistics reports the average household spends about $4,500 on food each year, making it one of the most significant expenses for many families. Another recent survey reports that almost half of Americans are worried about being able to afford the food they need in the next 12 months.
Fortunately, there are several ways consumers can manage the impact of inflation at the grocery store and save on their food purchases.
Tips For Fighting Inflation:
Plan Your Meals
Plan your meals in advance and make a shopping list based on the items you need. Meal planning can help you avoid impulse purchases and stick to your budget. If you’re shopping as a family, let your kids help plan and turn it into a scavenger hunt. This will get them engaged, keep them occupied, and prevent unwanted items from finding their way into your cart.
While you may have your go-to grocery store, it might be time to compare prices at different stores to make sure you’re getting the best bang for your buck. Look for sales and discounts online or in weekly ads. Also, you may be able to save money by shopping at discount stores or buying store-brand items instead of name brands.
Use Coupons & Rewards
Use coupons and rewards programs to save money on grocery purchases. You can find coupons in newspapers and magazines or online through websites and apps. Additionally, most grocery stores offer free rewards programs that allow you to access exclusive discounts or earn points.
Buy In Bulk
Buying in bulk can save you money on certain items, such as non-perishable goods and household essentials. However, be sure to compare the unit price and only buy what you need or can use before the food goes bad.
Consider Alternative Options
Consider alternative options for purchasing food, such as buying directly from farmers or joining a community-supported agriculture (CSA) program. You can get more fresh and affordable foods with these options while supporting local farmers.
It’s not easy, but with some creativity and planning, you can stretch your dollar in order to afford your grocery essentials.