Food prices are rising every day, no doubt about it. And it doesn’t look like it’s going to stop. What can people do about groceries?
There’s a simple secret that can save you $180 to $200 on your food bill each month, without using coupons. And it works regardless of what you eat or where you live. And you don’t even need special skills or time.
What’s the secret? It’s not new, but you’ve probably never heard of it. It’s called a “food price book.”
In simple terms, a food book is a list of the foods you’ve purchased and the price you paid for them.
Here’s How To Do It.
Make a notebook and assign a page to each item you always buy. Then, each time you buy that item, write down how much you bought, how much you paid, and where you bought it. Then divide the amount you paid by the quantity you bought and record the price per unit of weight or quantity.
For example, if you bought toilet paper, record how much you paid, how many rolls you received, and where you bought them. Then divide the total amount you paid by the number of rolls you bought – if it was $10 for 20 rolls, divide $10 by 20 to get a unit price of $0.50 per roll.
Then, the next time you go to the store to buy an item, look in your wallet. If it’s selling for the same price as before or for less than before, buy it. Be sure to make a new entry on the last purchase, including the total price, quantity, and location of purchase.
If it is more expensive than before, you should ask yourself if it is worth buying. If you know how to buy, you don’t want to wait until you run out of something, and if it’s too expensive, maybe you should wait again.
Here’s the secret, in a nutshell: keep a record of what you buy and how much you pay for it. Based on this data, you can then determine if what you want to buy is selling at a good price.
An even easier way to keep track of commodity prices is to use a computerized commodity price guide. Personally, I use a food price chart, which is very useful.
About Author:
Sara has completed her education in marketing and started her career as a digital marketer. She is a content writer by profession. And she would love to add multiple things to her knowledge that she can add to her writing style. She writes about indian grocery in Canada.
