Saving Money on Groceries and Why It Will Help Your Credit

September 11th, 2017 | Author:

[W]hen you compare the cost of food to your income, you can see why groceries are such a big part of the budget for many families. It’s easy to spend $200 or more each week to feed a family of three or more. However, there are ways you save money on the groceries you buy.

Tips on Saving Money on Groceries

While most people know you can save money if you use coupons, they may not realize that many of those coupons can be doubled. Some stores offer double and even triple coupon days if you know when to shop.

Another tip is to shop the ads. Get the circulars from your newspaper and plan your menu for the week based on what’s on sale.

Here are some more tips:

• Substitute meat from your meal at least once a week with another protein. Meat is one of the most expensive grocery items, so cutting back can help you save money.
• Shop generic. Name-brand items don’t taste a lot different from their generic counterparts. If you have one or two exceptions, that’s fine, but stick with generic or store brand for most items.
• Look for reduced price in-store. Many stores offer items at a reduced price which are not advertised in the ads. They may be called manager’s specials, clearance items or reduced for quick sale.
• Buy in bulk. Whenever possible, buy larger quantities, but only if you save money. You can also buy multiples when items are on sale, so you don’t have to pay full price later on.
• Use online apps. There are apps which provide discounts or allow you to compare prices. You can even use an app to find all of the ads for the week in your area.

Why It Helps Your Credit

You may wonder how saving money on groceries can help your credit. First, it gives you more money to spend on paying down debt. Second, it prevents you from using a credit card or missing a payment because you have to eat, and grocery bills often come before other bills.

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