Saving money is not an easy task, and we all know that. However, saving it doesn’t necessarily always need to be complex, in fact, small changes in day-to-day savings can make a big difference in the long run.
According to a recent study, households Australian are spending around $163 at the checkout every week. And by our calculations, it’ll be around 6-8% of monthly salaries – which is massive! Nonetheless, there are few easy steps that everyone can take in order to save a fair chunk of money.
Here at Pocketbook, as a part of our #getmoneyright2018 movement, we recently shared our top tips on saving money at the supermarket. While we were able to cover a lot of ground in the video, there’s also a few others which we didn’t have time for. Here, we’ll give you a fuller list.
1. Save if you don’t drink that much milk
If you are like Bosco and buy milk only to cream tea and coffee, perhaps the best strategy is not buying the cheapest milk available. In fact, if you only use milk occasionally, chances are that you are buying a whole bottle without even using half before it expires. A quick hack around is to buy organic milk, which although costs twice as much it also lasts a whole extra month longer. So instead of buying milk once per week you would only have to buy it once per month! Pretty cool, huh?
2. Fruit & veg? the uglier the better
Do you ever have the feeling of not being in the right place when you going for some fruits and veggie shopping? Instead of buying fully priced items you might want to consider to buy ugly fruits and veggie, which although the minor blemishes they still taste as good as the fully priced item and usually are significantly cheaper.
3. Bulk is better
Buying long lasting things such as teabags, detergent, washing liquid, dishwasher tabs, pet food can be somewhat expensive especially if fully priced. The best recommendation here would be to subscribe to a bunch of supermarkets catalogue to snap a bargain when the right times comes. For instance, a good rule of thumb is NEVER, ever, buy fully priced items, but instead load up when on discount!
4. Pay attention to itemised pricing
Another good rule of thumbs is always checking the cost per kilogram, litre, sheet, ply etc whenever making a purchase decision. For instance toilet paper get priced per 100 sheets rather than rolls, just check that you are getting the best price for the desired number of plies. And always look at GENERIC BRAND (if you’re at Woolworths, it’s the Woolies branded. If you’re at Coles, it’s the Coles branded. If you’re at Aldi, it’s a little tricky), it’s typically always cheaper.
5. Cash back services and credit cards
This is one that didn’t get included. You can try to arbitrage your way through the checkout. A good way to do this is head to Cashrewards to get gift cards at major supermarket (buy it on credit card to earn points) then use the gift card to buy grocery and scan the loyalty card to get cash reward (this equals to instant 10% off of all shoppings!!). (PS. Please be responsible when using your credit card!).
6. Sign up and use your rewards cards
A lot of value-conscious shoppers enjoy loyalty programs because of their member-only discounts as well as having promotions tailored to their personal shopping history. For instance, if you religiously follow the bulk is better principle, you would always get notified of half-priced or heavily discounted products without actually having to proactively looking! So next time, take the time to sign up to Flybuys or Woolies Rewards.
7. Buy at the butcher and deli counter instead of pre-packed
Instead of buying pre-packed meat, you should consider buying at the butcher or over the counter. in fact you might find out that buying a whole chicken, which costs about $10, is actually cheaper than buying a single pre-packed breast for $3. You can always freeze for a short amount of time – meal prepping weekly instead of daily also helps!
8. Cook and freeze instead of buying pre-cooked
On the subject of meal-prep, the internet (especially Youtube) is a great place to dig up exceptional recipes to try. One of the best things to do would be to make your own pasta sauce and freeze, rather than buy pre-made. Simply cook in bulk. then store and freeze, so you always have a healthy meal ready in the freezer that just needs defrosting, this will definitely save you big money!
One thing studies have shown is that you shouldn’t shop hungry – People spend 47.6% more on food when they’re hungry. Also on that note, have a shopping list. Lists ensure you’re less likely to get distracted by the dreaded junk food aisle.
That’s a wrap – I hope these tips will help you in shrinking your groceries bills and happy 2018. Look forward to bringing you more #getmoneyright2018 tips and stories.