Apr252008
Shop smart to cut food costs
Did you know that the average American household spends 15 percent of their total income on food and drinks?
And, did you know that the most basic foods – the staples like eggs, bread and milk – have had a double-digit percentage price increase during the last year? On average, eggs cost 38% more now!
It’s no wonder that just going food shopping is often a stressful experience. But what’s the answer? We all have to eat, right?
I just saw this great clip from Good Morning America that has some helpful tips on how to save at the grocery store.
I especially like the advice to "shop smart"… going armed with a list of the essentials… so that you avoid making a bunch of unnecessary impulse purchases. There’s plenty of times I end up in the checkout line, buying stuff I don’t really need!
And, the tip to set a weekly spending limit - and sticking to it - is spot on. Budgeting is a key tool to manage your finances and expenses in general.
Take a look:
http://abcnews.go.com/GMA/Consumer/story?id=4672020
Warmly,
Russ
Founder of Winning in the Cash Flow Business
Dalbey Education Institute
Founder of Winning in the Cash Flow Business
