Today’s tip sort of piggybacks off of my previous “Buy Generic Groceries” post, and may be able to help you save a bunch of money on your food bill.
While doing my weekly food shopping this morning, I realized there’s no reason why anyone should ever buy anything at the grocery store that isn’t on sale. It seemed that no matter what I wanted to buy, there was at least one brand that was on sale.
So, I decided to conduct an impromptu experiment.
Essentially what I did was go up and down the aisles of a local grocery store and pick out some name brand items that were on sale and compared their prices with other name brand items that weren’t on sale. Here’s what I came up with:
||On Sale Price
|Hot Dogs||$ 4.19||$ 1.99||$ 2.20|
|Doughnuts||$ 3.49||$ 3.00||$ 0.49|
|Batteries||$ 6.99||$ 4.50||$ 2.49|
|Pasta Sauce||$ 1.99||$ 1.50||$ 0.49|
|Raisin Bran||$ 3.75||$ 2.50||$ 1.25|
|Toothpaste||$ 3.49||$ 1.00||$ 2.49|
|Potato Chips||$ 3.99||$ 2.00||$ 1.99|
|Soft Drinks||$ 4.49||$ 3.33||$ 1.16|
|Bathroom Cleaner||$ 3.99||$ 2.79||$ 1.20|
|Ice Cream||$ 3.99||$ 2.50||$ 1.49|
|Frozen Dinners||$ 3.19||$ 2.00||$ 1.19|
By simply not worrying about which name brand item was being purchased and just buying the item that was on sale, I would have saved over 37% on the above sample grocery list.
By saving only $25 per week by purchasing only the brands that are on sale, which would certainly be easy to do, you would be able to save $1,300 per year.
Seems to me that your purchasing loyalty should only be to which ever items are on sale!