Tuesday, August 19, 2008

Bad grocery shopping habits may be costing you money

We are all more conscious of how much money we are spending at the grocery stores these days. But even with coupons and a shopping list, we still may be spending more money than we bargained for. Here are ten habits, according to an article at Myrecipes.com, which may be costing you money at the checkout line.

Stocking up on a great deal: The purchase is only a great deal if the food gets eaten. Don’t overbuy even if the price is right.

Reaching for the “value size”: Be sure to check the unit price so you can calculate how much an item costs per ounce or per pound.

Buying 10 for $10: Unless there is a specified minimum purchase you can usually buy the amount you need while still taking advantage of the discounted price.

Skipping the store brand: Store brands offer good savings all year round and are not as inferior as people think.

Shopping leisurely: Studies have shown and supermarkets know that the more time you spend in a grocery store the more money you spend

Clipping coupons religiously: Coupons can save you money but not if you pick up an item that’s not a bargain or is an expensive brand you don’t normally buy.

Zoning in on “sale” signs: Just because it looks like a sale doesn’t mean it’s on sale. You should track items you buy regularly so you can evaluate a good deal when you see one.

Making a list: People make lists to help them remember what they need and to avoid impulse shopping but they tend to spend over 41% more that those who shop list free. If you use a list, make the list round menus but keep the store circular ready to take advantage of specials.

Swiping you card too early: Watch the scanner and make sure you are being charged the right price. Not all sales prices are updated in the registers so be vigilant.

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