Here are some simple strategies to save money when grocery shopping.
CHARLOTTE, NC — Groceries continue to cost more than they did a year ago, according to the latest data from the U.S. Bureau of Labor Statistics.
That’s why it’s increasingly important to find ways to save money when you get the food your family needs. To make matters worse, inflation hit a four-decade high in June, putting additional pressure on households and likely sealing the case for another big interest rate hike by the Federal Reserve, with higher borrowing costs to follow.
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Here are 4 strategies to help you spend less on groceries from the folks at AARP:
1. Plan your weekly meal menu on Friday
Many grocery stores post their weekly deals and discounts on or before Friday. Plan your meals using these discounted products. To avoid impulse purchases, make a shopping list and stick to it.
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2. Host a weekly “pantry dinner party”
To reduce waste, pick one day a week to create a meal using only what you already have in your kitchen.
3. Create an “eat this first” place
Designate a shelf or bin in your fridge for foods that have a set best before date and therefore need to be eaten before other options.
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Many grocery store chains have not only increased the number of private label products offered, but they have also improved the quality of these products. According to AARP, you can save up to 25% by buying a private label product over the brand name.
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