UPDATED: Congratulations to the following winners of a copy of Saving Savvy! Winners are listed by comment number:
27) marina Bromley
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Maybe you’ve seen those couponers on TV with their carts piled high with more mustard or toothpaste than any family could go through over the next 20 years. If so, you need to know that is not what I’m talking about when I use the term “stockpiling.”
Today I want to talk to you about one of the recent Motley Fool reviews I read about how to take advantage of store sales in order to really cut your grocery budget down.
Have a Grocery Budget Set. Remember when I asked you to determine how much you spend at the grocery? You need to know how much you are spending. You need to know where you are now, so you can determine where you want to be. If you don’t know where you started, you’ll never feel a sense of accomplishment to know how far you’ve come. So first, set a realistic amount for how much you want to budget. Then, decide what goes on your list this week: your needs versus stockpiling items.
List Needs and Stockpile Opportunities. Your list should start with the staples you purchase each week like milk, eggs, and produce, and then you add the items that round out your meal plan. Lastly, your remaining budget will go toward stockpile items–or staple items that are a great deal. For example, in yesterday’s sample scenario, I said that I would need to purchase items for two more meals. I’ll determine what we’re eating by what’s on sale.
Use Remaining Budget For Stocking Up. So, let’s say my grocery budget is $100 a week. I only need $25 for two extra meals plus our produce and dairy items. That leaves me with $75 that I can spend stocking ahead on other items the grocer has listed at a sale price, or any close-out deals or manager’s specials that I happen to come across. When you get started, you may need $75 of your budget going toward things you need this week. If that’s the case, then you will spend the remaining $25 of your budget on stocking ahead.
Lowering Overall Budget. As you begin to create a stockpile, you can slowly start to decrease your budget a little every few weeks because you have most everything you need. Your “needs” on the list will begin to shrink and the majority of each week’s budget will be spent on items that are a really good deal, at “rock-bottom” prices – your stockpile.
If you’re unsure what those rock-bottom prices are, use the Provisions Price List on my website, available as a free download and as a free iPhone App. Or you can create your own personal price list with this free download. For more secrets to stockpiling, get a copy of my book, Saving Savvy.
I hope you’ll join me here again tomorrow. I’ll be talking about couponing, and sharing five tips that will help you cut your grocery bill by up to 75%.
Prayer for today: Lord, You are El Roi, the God Who Sees. You see our needs. You see with a wisdom that prepares for tomorrow. Forgive me when I don’t think about the ongoing needs of my family. I know that You think of me, You see me, because You provide for me. Lord equip me, I want my family to know that I think of them, that I notice their needs, and I do my best to provide for them. (Proverbs 31:15). No more midnight shopping trips! In Jesus’ name, Amen.
ENTER TO WIN TODAY’S GIVEAWAY: Complete this sentence in a comment below, and you’ll be entered to win one of two copies of Kelly’s book, Saving Savvy: “When we’re out of ________, I never have any on hand. But one thing we never run out of is ________.”