As the standard cost of living continues to rise, more and more people are finding themselves in need of budget cuts and cheaper alternatives to the everyday expenses that they can’t cut out altogether. One of the biggest spending arenas is, without question, the grocery store. Clearly food, house wares, cleaning supplies, etc. cannot be left out of the budget, but as the costs associated with these must-have items continue to rise, many people are feeling the crunch. To help ease the stress and strain of shopping for these necessities, we’ve put together a list of tips to help you get the shopping done while still sticking to your budget.
One of the many keys in learning how to budget for a recession is to be innovative. Many people are able to cut back on their grocery bill not because they go without, but because they become innovative in their food planning and preparation.
This is just the start of how to budget for a recession. There is much more to learn.
One of the first rules when it comes to budget shopping is psychological preparation. Remember you don’t have to sacrifice quality when trying to save money. In fact the money conscious shopper will seek out the quality goods – then simply pays less for it. You will probably have to change your habits in order to succeed at budget shopping. Throw away your prejudices about your shopping habits such as going online, buying second hand items and using discount stores. This also includes switching brands to the cheaper alternative.
To help ease the stress and strain of shopping for these necessities, we’ve put together a list of tips to help you get the shopping done while still sticking to your budget.
Your local grocer may not be the best price in town when it comes to a specific item or product. In fact, your most economical shopping option may involve a couple of different stores a specific market for produce and another for household items and paper goods. Of course you’ll want to take into consideration driving distances and other factors when determining how best to organize your shopping, but mixing it up can be a great money saver.
Shop on sale
Check out weekly circulars and coupon specials to save on must-have items like paper towels, toilet paper, bread, etc. Be careful not to get sucked in to buying something you don’t need just because it’s on sale, though that’s a surefire way to blow your budget out of the water.
Buy in bulk
This is a great option for budget shoppers, particularly where non-perishable items are concerned. While you can expect to pay more per visit to a warehouse or wholesale shopping club, you’ll find that buying in bulk requires far fewer trips to the store than buying in standard quantities, plus, the deals are infinitely better. Items like razor blades, paper towels, toilet paper, coffee, cleaning supplies, personal-care products, and even car tires can be found at drastic discounts in most warehouse and wholesale shopping clubs. Another great deal to be found there is bulk meats particularly those that are individually packaged. They can be frozen until you need them, and will save you a bundle on food costs. Another great buy: many of these warehouse and wholesale shopping clubs sell gasoline, too, and often at 5-10 cents below the going per-gallon rate.
Stick to your list
One of the quickest ways to blow your shopping budget is to give in to impulse buying. Remember, just because something is on sale doesn’t mean it’s a good buy. Make out a list of what you need before heading to the store, and don’t deviate from it.
Coordinate your menus
It takes a little planning, but working out menus for the week is a great way to maximize your food budget. If you plan a consecutive set of meals around a specific group of ingredients, you can avoid wasting leftovers and also avoid having to buy separate ingredients for each individual meal. This will not only save you money, it will help make the overall food preparation run more smoothly.
Remember that shopping on a budget is entirely doable all it takes is a little planning, discipline and creativity.
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