Where does most of our budget go these days? Groceries. With food costs predicted to rise another 0.5 to 1.5 percent in 2020, it’s only becoming more necessary to find new ways to save on our expenditures and food costs.
Gone are the days of clipping out newspaper squares promising half-off discounts. Now, consumers have much more modern tools and tricks to keep overspending at bay by using smartphones, setting sales alerts, and tuning into digital discounts for anything you might need when grocery shopping — or any kind of shopping. Budget Master tip: Taking advantage of credit card points and understanding sale cycles from your local grocery stores are key when looking to shave cash off your yearly spend. It will pay off at the end of the year when a little extra cash goes a long way.
In this episode of Budget Masters, we’ll share serviceable tips to make your purchases work for you. If you’re looking to save more on your groceries (and who isn’t?), watch the video and jot these tips down to memory. You too can be the master of your financial domain, and your grocery budget, with this three-step introduction to make your spending as advantageous as your savings.
3 Spending Tips You Need
- Grocery stores operate on cycles. If you track when your store lowers prices on your favorite foods, you can save big bucks.
- Go digital. Paper coupons are a thing of the past, so start using your favorite grocery stores’ apps.
- Consider using a cash back credit card for things like groceries to get those well-deserved rewards.
Once you’ve got your grocery haul for the week, learn how to meal prep and master your food budget — without sacrificing taste.