Before you go to the store, I want to share this video and the tips offered from Consumer Reports on saving money at the grocery store:
- Unit pricing is the “Holy Grail” of saving money. People assume the smaller size always costs more. However, according to Consumer Reports, at least 25 percent of the time, the smaller is cheaper. Always compare the unit price!
- Be careful about what is on sale. If it is in the store flyer, do not assume it is a good price. Flyers could mention items because the company has paid for the placement in the flyer.
- Read the fine print. The devil is in the details. Grocery stores will offer sale promotions like: “5 for $2”. See if the fine print requires you to buy all five items. You may be able to get a discount on one – instead of having to buy five!
- Consider buying from the store bakery. Stores and their bakeries are becoming more health-conscious. Consumer Reports says that store-made bread items can save you 40 percent compared to name brand bread. The store brands also will have fewer preservatives.
- Check your receipts. Consumer Reports says you are overcharged about 6 percent of the time at grocery stores. If you are overcharged, the supermarket will give you a refund or the item free. But the onus is on you to check your receipts and know the price.
Now get out there before the storm hits!