3 Simple Ways to Maximize your Grocery Money.
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The goal of a family budget is to spend less than you are making. You don’t want to be living over your means, at least not on a consistent basis. A family budget will help with this by showing you exactly how much money you have coming in each month and how much money is going back out. The money coming in will be your and your spouse’s salaries, plus any other money you have coming in from investments etc.
Do you want save money on your groceries, but are not quite sure how? I can tell you how to maximize the money you save on your groceries in 3 simple steps.
- Buy only the groceries you need and/or will use. If you spend your valuable money on groceries you do not need, then you are wasting your money because you would not use the item.
- Remember the grocery store prices. Whether or not you use grocery store coupons to reduce your bill, make sure you are getting the best value for your money by know your sale prices. For example, one week a box of cereal will cost $2.49 and the next week it may cost $1.99. This is why it is so important to know the prices of groceries. It will increase the value you get for your coupons and money. In other words, the more money you will save!
- Shop at a store which offers double or triple coupons. Coupons are like money because if you have a $.75 coupon and it is doubled. This is a whopping $1.50 off of your groceries.
The money going out is everything you spent from your rent or mortgage to grocery money. Your budget should calculate a running balance of where you stand for the month. Listing every dollar you spend each month will help you identify you were you may be wasting money. Spending $4.50 on a Mocha Late in the morning may not seem like a big deal, until you realize you are spending it 20 days a month making your Mocha Late total for the month $90.00, more than your cable bill.
Having your monthly expenses on paper or in a spreadsheet can be a real eye opener when it comes to identifying where you may be wasting money each month. Now that you identified where you were wasting money and are spending less than you are making, you can start saving money. Set some money aside and pay off your consumer debt such as credit cards. Just imagine how much you will save each year by not paying interest on that debt. Once your consumer debt is paid off, start setting up an emergency savings account. You should have enough money in this savings account to keep you going for at least 3 months… [read more]
These 3 simple steps show you have clipping grocery coupons is worth your valuable time because as the saying goes — “time is money”!
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