Utah Money Moms
  • HOME
  • RESOURCES
  • About
  • Contact
  • Online Course

Save up to 50% at the Grocery Store with this Simple Trick

12/27/2022

0 Comments

 
Alicia Nelson-Bell, HCHC
​Empowering Financial Wellness Program Coordinator
Picture
Will your holiday meals look the same this year? Inflation has been hitting everyone to some level or another these last few months. One area that we have all been noticing the effects of inflation is at the grocery store, making it harder and harder to stick to our grocery budgets and our overall budget. As of July of this year, grocery prices have increased an average of 13.5%. Because of this, you may be wondering if it is possible to still have the same caliber of holiday meal and celebration.

In addition to divvying up food responsibilities among all the guests, there are some other simple things you can do at the grocery store to keep holiday meals from busting your budget even with the high inflation. Like with any type of holiday shopping, it is important to take an inventory of what you already have and plan out what you still need to buy so you can make your shopping experience most purposeful and not have to make as many trips to the grocery store (which is an opportunity for impulse buys). Today we are going to focus on the power of buying generic brand items for your meals this holiday season. 


Up to 50% Savings at the Grocery Store? Yep, you read that right. There’s a simple way to save up to 50% at the grocery store without using coupons or the weekly ads (which I still love doing :)). This simple way can help you still have an enjoyable and tasty holiday season this year without really sacrificing any of the fixings, even despite inflation. This simple tip, which is one of the action items for this month in the 2022 Finance Calendar, is simply buying generic at the grocery store this holiday season. 

Something not commonly known is that many of the store/generic brand items are produced with the same ingredients and even in the same production facilities. This means that most of the time you won’t taste or notice much of a difference other than the packaging. I understand that there are some things that you will notice a difference in taste that you may want to stick with the name brand on, but like I mentioned, even going generic on some of your grocery items can save you a good chunk of money. If your family were to switch out some of the ingredients in some of your meals, each week you could save around $20 or around $80 a month. Over the course of the year this would be a little more than $1,000 just by making this simple switch. 

Below you will see a price comparison chart for most of the items that are known as typical “fixings” for a holiday meal. As you can see, even small savings on individual items can add up to be pretty noticeable. The example below shows a savings of around $20 by purchasing generic or store brand items rather than name brand. Continue these habits throughout the year for a simple way to see savings add up at the grocery store!

Example below may not reflect prices in your area:
Picture
PRO TIP: To see the greatest savings, look above and below the typical eye level, since stores strategically put the most expensive brand products at eye level. ​

0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    TAKE A FREE CLASS!

    Sign Up

    Host a Class

    Click Here!

    Picture

    amanda

    Sharing real-life money smarts to help you stay on track with financial goals while still enjoying life!
    Blog editor,  Accredited Financial Counselor &
    Extension Professor
    Utah State University 


    Follow the fun on Instagram


    AS SEEN ON

    Picture

    awards

    Picture
    Best of State 2022: Personal Finance Education
    Picture
    1st Place National Award in Social Media Education from the National Extension Association of Family and Consumer Sciences
    Picture
    Gold Award in Blog Site category at the 7th a​nnual Education Digital Marketing Awards.
    Picture
    Platinum Award in Digital Media, Web Design category at the International Marketing and Communication Awards.

      stay updated!

    Subscribe

    Picture

    Categories

    All
    2020 Census
    Allowance
    America Saves Week
    Book Review
    Budgeting
    Car Insurance
    Charity Fraud
    College
    Consumer Protection
    Couples And Money
    COVID 19
    COVID-19
    Credit
    Credit Cards
    Data Breach
    Debt
    Earth Day
    Education Expense Planning
    Emergency Savings
    Entrepreneurship
    Estate Planning
    Events
    Financial Binder
    Financial Education
    Financial Emergency Prep
    Financial Freedom
    Financial Goals
    Financial Health
    Financial Literacy Month
    Financial Paperwork
    Financial Peer Pressure
    Financial Security
    Financial Vision Board
    Flexible Spending Account
    Food Budget
    Gift Giving
    Holiday
    Holiday Budgeting
    Home Maintenance
    Homeownership
    Identity Theft
    Inexpensive Fun
    Inflation
    Insurance
    Investing
    Kids And Money
    Money Mindfulness
    Money Monday
    Money Personality
    Money Tip
    Mortgage
    Mutual Funds
    My529
    Net Worth
    Panic Buying
    Personal Allowance
    Personal Property Inventory
    PowerPay
    Renting
    Retirement
    Review
    Revolving Savings
    Roth IRA
    Saving
    Scams
    Singles And Money
    Spending
    Student Loans
    Taxes
    Tax Freedom Day
    Teens And Money
    Tracking Spending
    Travel
    Unemployment
    Utah Saves Week
    Vacation
    Women And Money

OTHER RESOURCES

finance.usu.edu
livewellutah.org
extension.usu.edu
powerpay.org

    STAY UPDATED!

Subscribe

FOLLOW US

  • HOME
  • RESOURCES
  • About
  • Contact
  • Online Course