You go to a supermarket and realize food prices keep rising. Basically, you need more money to buy what’s on your grocery list. Since U.S. inflation has shot up by 8.5%, food companies are raising prices on everything from milk to snacks and meat.
And the most concerning is that food prices could increase an additional 6% by the end of this year, according to a report compiled by Goldman Sachs, a leading global investment banking.
If you have a look at grocery prices over the years, you’ll see how much some prices have increased. For instance, at the beginning of the 2000s, the average price of a gallon of whole milk was $2.78 while the average price for a loaf of bread was only 92¢. Unbelievable, isn’t it?
Don’t worry, though! There are some tricks to save some money on groceries so keep reading this article and save them for when you go shopping.
Shop your pantry
How many times did you buy some groceries only to come home and see that you already had them in your pantry? That’s why it’s very important to scan your pantry, fridge and freezer before going to the store. Chances are you already have some ingredients you needed for your last week’s meal prep. Doing this will definitely save some money and will also reduce food waste.
Make a list, check it twice
Making a list means having some recipes in mind so try to plan ahead some meals for the next few days. Once you know exactly what ingredients you need, check the list again and make sure everything is written on it. Using a grocery list and sticking to it will prevent any impulse purchases.
Here’s an extra tip to avoid impulse buying: don’t go to the grocery store hungry. You’ll be tempted to buy more food which will lead to an expensive bill.