How to Save Money on Grocery Shopping

by Marcel 13 March 2011

Save money grocery shopping

Grocery shopping is something we all need to do, but most of us (myself included) often don't take the time to save money, we buy what we need and that's that.

By taking control of how and when you buy your groceries, you can achieve savings of up to 20% on your current spending, and you'll still be buying the exact same products that you always have! No cost-cutting by buying generic brands instead of your regular brands.

It's not that hard, but it does take some planning. Here are the steps in a nutshell:

  1. First make a list of all of the products you usually buy, and note the regular price of these products.
  2. When one of these products goes on sale, check the price to see if it really is a bargain against the price you noted earlier.
  3. Buy three months worth of the product and store it in the pantry.

That's basically all there is to it. Of course this isn't going to work for perishables such as dairy products, fruit and vegies. But, for things like nappies, canned goods, cereals etc. you can save a significant amounts of money by only buying when on sale.

Also take a note of when the sale took place, I mentioned 3 months stock earlier which is a fairly standard time frame between sales, but your mileage may vary.

So, instead of buying when you need something, buy it when it's cheap. And when you need it, just take it from the pantry!

Image: Filomena Scalise / FreeDigitalPhotos.net

Tags:

Shopping

Save money by not Insuring your purchases

by Marcel 11 March 2011

Every time you buy an electrical product the salesman will ask if you want to buy an extended insurance policy. Have you ever noticed that many salespeople today know little to nothing about the products they are trying to sell you, but they can tell you all you need to know about their extended isurance policies? That is because an extended insurance policy is a high profit product, which doesn't really offer you much benefit, but the seller will receive a hefty commission.

Before I go further, we need to remember why insurance exists in the first place. Insurance is there to save you from financial ruin, your house burns down, you crash your car into a Mercedes etc... and not for a small purchase that you can buy after saving for a couple of months.

Say you buy a laptop, or new flatscreen television for about € 800, a typical extended insurance policy will cost you at least 10% of the purchase price, that's more than 80 euros! (Remember, the product already has a 1 or 2 year manufacturers warranty in case it is defective)

Do what I do and put that extra money in a savings account, after a few purchases you will have your very own 'Insurance pot' to use when things go awry. After a few years you'll have a very nice sum saved up to buy something new!

Tags:

insurance


Month List

Have a tip?

Do you have a great tip for saving money? Please let us know via the Contact Form.

Other Startpage Ireland Blogs

Gadgets - Stuff you don't really need, but would love to have

DIY - Do it yourself, tips and advice