Save Money On Groceries!
Save money on your grocery bill, so you can spend the money on other priorities! Each week I’m sharing one simple tip that you can implement to start saving on your grocery bill right away.
Many of the tips will be familiar, but if you take the Save Money on Groceries Challenge with us, you will actually take the steps each week instead of just filing them in the “I should do that” file. 🙂 [To join in, just leave a comment saying that you already use the tip of the week, or that you will start this week.]
[Click here to see all the tips in this series.]
Save money on groceries by stocking up on loss leaders. Each week, chain grocery stores offer a few super low sale prices to entice you into their store, rather than the competition.
These low-priced items are called “loss leaders” because the store will lose money on them by pricing them so low. Grocery store executives are willing to take the risk of losing money on a few items because they know that you will most likely buy other higher-priced groceries at their store, which will make up their loss.
Now that you know your grocery prices (read more here), you know which items are at the absolute lowest price, and you can stock up on them. In the photo above, I purchased multiple packages of the super sale items, which we used for the next several weeks. I purchased the remainder of my groceries at the store in my area with the lowest overall prices.
Why It Works:
Most people buy items whenever they run out of them without considering the cost. By purchasing primarily loss leaders and buying enough to last until the next sale (usually 6-12 weeks later), you will pay the lowest price for most of the items you purchase which enables you to save money on your overall grocery bill.
You may initially have to spend a little more each week as you build your stockpile, but once you have some items built up in your pantry, you will have extra money to buy more loss leaders. Shopping this way creates a snowball effect–each week you will be able to save more money because there will be more items in your pantry and refrigerator that you don’t have to buy each week.
For more ideas to save money on groceries (and a more in-depth explanation of how to make a price book), check out my ebook Save More–Clip Less: Cut Your Grocery Bill in Half Without Extreme Couponing.
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Do you stock up on loss leaders? Have you seen your grocery bill drop? Leave a comment.
photo credit: Nutdanai Apikhomboonwaroot