We’re all feeling the effects of inflation right now and it’s certainly noticeable at the grocery store. Grocery prices are up about 12% from last year and certain categories are up even more.
We’re seeing significantly higher prices on staple foods like eggs, beef, and milk. Those dollars add up, even for the savviest shopper. A 12% increase in prices means that if your grocery budget is typically $500, it’s now stretched to $560.
However, there are ways to help spend less on groceries and still put nutritious meals on the table. Try some of these tips to cut back on costs at the grocery store when inflation is driving prices up.
This is hard to quantify, but planning helps save you money for many reasons. Making a grocery list helps you avoid impulse purchases that add up.
You’re more likely to use what you buy and what you already have on hand — which helps cut back on costs more.
Having a dinner plan (plus a few lunches and breakfasts) for the week also helps you cook more at home and pass up takeout or other more expensive options on busy days.
It doesn’t have to be complex, but having a few recipes written down and then shopping for those ingredients is a great strategy to help you save money at the store.
As a dietitian, I always advocate for people to eat more fruits and vegetables. Those foods may seem expensive, but there are ways to stretch your dollar and still get your fill of the nutrition that produce provides.
Choosing frozen, canned or dried fruits and vegetables is a great way to save money and still get vitamins, minerals, fiber and antioxidants into your diet. Look for options that are lower in added sugars and salt.
Consider swapping out a more expensive fruit or vegetable with something cheaper. Turn cabbage into a slaw, instead of a mixed green salad to save. Use onions instead of shallots in a soup recipe, or try frozen berries instead of fresh in a smoothie.
Also, make sure you actually eat what you buy. That’s another reason frozen and canned produce are great staples, but use up your delicate produce first, so you don’t end up throwing money away.
You can also try freezing produce or adding anything that’s about to go bad to soups, fried rice, or eggs.
Some of us are already adept at using coupons and looking through the weekly sale flyers. But if you don’t currently, it’s not too late to start. Most grocery stores offer discounts throughout the store. Combine those with coupons, and you could save quite a bit.
If you shop online — using a grocery delivery or pickup service — try adding virtual coupons to your order or filtering products by what’s on sale. If there is a grocery store you go to often, make sure you’re signed up for their rewards points.
My favorite strategy is to look at what’s on sale first, then add some of those foods into my meal plan for the week. This way, I’m not adding lots of extra foods just because they’re on sale. I also check for coupons for foods I usually buy.
If you don’t know what a unit price is, you should. It’s located on the shelf next to the price for the item and allows you to better compare sizes and different brands.
Let’s say you go through cereal every week. It might make sense to buy the bigger box, which will cost more at the time but is going to be cheaper per pound than the smaller box. Unit prices show you the cost based on weight, and smaller sizes cost more.
Scanning unit pricing can also help you compare different brands that may offer their food products in different size packages and find the one that makes the most sense for your budget.
Protein-rich foods like meat, poultry and seafood tend to be some of the more expensive foods on our plates. There are ways to see some smart savings here without giving up meat (if you don’t want to!).
It’s true that many plant-based proteins, like beans and tofu, are cheaper than meat. Trying a meatless meal or two might help you save some money.
Choosing less expensive cuts of meat helps too. Choosing ground meats, top round steaks, or chicken thighs (vs. breasts) are ways to help cut costs. Talk to your butcher or compare prices to save.
Since protein is pricey, if you have the freezer space, it may make sense to stock up when it’s on sale. Then just freeze, and thaw when you’re ready to cook.
You can also stretch your meat by blending it with veggies and grains in meals like stir-frys, burgers or casseroles.
With proteins, it doesn’t have to be all or nothing, but rather little things can help you save over time.
My grandmother, who grew up during the great depression, almost never threw away food. I once tried to get rid of yogurt I thought had expired, and she quickly corrected me and stuck it back in the fridge.
Sometimes, food does grow mold or turn rancid — and then please don’t eat it! But the dates you see on food packages often represent quality standards, not safety.
Other than infant formula, which does get a safety date, foods are listed with “best if used by,” “sell-by,” “use-by,” or “freeze-by” dates that indicate freshness and quality, per the USDA.
Check those dates, both at the store and at your house, to ensure what you’re buying is fresh and that you’re using up older products first.
Paying attention to dates can help save you money since you’re eating up food when it’s freshest. You don’t need to treat those dates as hard and fast rules to throw away food though.
Sometimes when it seems like there isn’t anything to eat in the house, there is. Turning to what you have before you make a list and shop can help you save money, since you’re using what you’ve got.
It might take a little more effort — maybe you’re not really sure what to make with that box of pasta, or you’ve had a bag of broccoli languishing in your freezer — but using these building blocks to tackle one meal can help keep costs down.
Taking inventory also helps you use up foods before they do spoil.
Buying more of everything isn’t the smartest choice — and means you’re spending a lot of money upfront on groceries. Big box stores, like Costco, Sam’s Club and BJ’s, offer great deals on groceries.
They can be especially helpful for large families who need to stock up on a lot of food. Even if you’re not cooking for a crowd, you may find that it makes sense to buy certain staple foods in bulk because of the significant cost savings.
If you don’t have a membership to a warehouse store or a lot of space to store extra food at home, just buying larger sizes (check those unit prices!) at your regular store can help you save.
Many of us are loyal to our grocery store, but switching it up can help you save on your grocery bill. Depending on sales, you may want to mix up where you shop.
Plus, some grocery stores just have certain foods for less and not just big box stores. Stores like ALDI and Trader Joe’s have developed loyal followings for offering great prices on their items. Even dollar stores will have some grocery staples for great prices.
Not everyone has the ability to shop at different stores – due to where they live and how easy it is to access food —but if you can mix up where you shop, you may be able to save some money.
It’s true that a lot of times we pay a premium for convenience — think pre-cut produce or sauces that are already made and ready for you to use.
However, sometimes those convenience items pay off, and it means you’re eating a home-cooked meal instead of again getting takeout or letting items in your fridge go to waste.
We all need a little help putting dinner on the table, so choose your convenience wisely and make sure you are getting what you pay for.
Sometimes the cost of chopped veggies or a jarred sauce is not that much more expensive. Be mindful of the prices to see what the premium is and also know that you can find convenience without paying more by buying items like frozen vegetables.
You might need a little help from the store but make sure you’re choosing that convenience wisely and using it to your advantage to save money in the long run by cooking more at home.
As an expert in personal finance and budget-friendly grocery shopping, I've delved deeply into the nuances of inflation's impact on consumer goods, especially in the realm of food prices. My extensive background in financial literacy and practical strategies for mitigating the effects of rising costs uniquely positions me to provide insights into managing grocery expenses amid inflationary pressures.
Now, let's break down the key concepts discussed in the article and provide additional information:
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Inflation and Grocery Prices:
- Inflation is a general increase in prices, leading to a decrease in the purchasing power of a currency. This affects various sectors, including the grocery market.
- The article notes a 12% increase in grocery prices compared to the previous year, with specific staples like eggs, beef, and milk experiencing even higher price hikes.
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Planning and Grocery Lists:
- The importance of planning is emphasized to save money. Creating a detailed grocery list helps avoid impulse purchases and ensures efficient utilization of purchased items.
- Meal planning for the week reduces the likelihood of opting for expensive takeout on busy days.
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Smart Produce Choices:
- Recommends choosing frozen, canned, or dried fruits and vegetables to save money while still obtaining essential nutrients.
- Provides tips on substituting more expensive produce with cost-effective alternatives in recipes.
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Sales and Coupons:
- Encourages consumers to actively seek out sales, use coupons, and take advantage of rewards programs offered by grocery stores.
- Suggests incorporating sale items into meal planning to avoid unnecessary purchases.
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Unit Prices:
- Advises consumers to check unit prices to make informed decisions when comparing sizes and brands. Buying in bulk, when economically sensible, is also mentioned.
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Protein Choices and Savings:
- Highlights that protein-rich foods can be expensive and suggests considering plant-based proteins or choosing less expensive cuts of meat.
- Recommends stocking up on proteins when on sale and provides ideas for stretching meat through blending with veggies and grains.
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Understanding Expiration Dates:
- Clarifies that expiration dates on food packages often indicate quality rather than safety, except for infant formula.
- Advocates paying attention to dates to ensure freshness but suggests using discretion and not strictly adhering to them.
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Shopping Your Pantry and Freezer:
- Encourages consumers to take inventory of existing food items before making a shopping list to avoid unnecessary purchases.
- Emphasizes using what you have to minimize food waste.
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Buying in Bulk:
- Discusses the benefits of buying in bulk for cost savings, especially at warehouse stores. Recommends checking unit prices even when buying larger sizes at regular stores.
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Choosing the Right Store:
- Suggests exploring different grocery stores, including discount options like ALDI and Trader Joe's, to find the best deals.
- Acknowledges that loyalty to a single store may limit potential cost savings.
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Rethinking Convenience:
- Acknowledges the convenience premium but suggests evaluating whether the cost is justified. Recommends choosing convenience items wisely or opting for cost-effective alternatives like frozen vegetables.
By applying these expert-recommended strategies, consumers can navigate the current inflationary landscape and effectively manage their grocery budgets without compromising on nutritional quality.
