Food

How to Save Money – Tips on Budgeting

How would you like to save $50 a month on groceries? Check out these three tips to get you started. I’m sure you’ll be able to find more online, and we’ll maybe do more posts on it in the future. But for now, as you’re getting started with some personal finance basics start with these 3 tips on budgeting.

Keep a Strict Grocery Budget With a Strict List – Do you know exactly how much money you spend on groceries every month? Most people wouldn’t. That’s why the personal finance basics lesson my clients get first is on budgeting. Look on google for a budget or check out our resource link for a comprehensive budget spreadsheet. When you know how much money you’ve allocated towards groceries, you’ll think twice about those HoHos. For example, if you’ve budgeted for $100, and essentials come to $99, you have a choice. Check out, or spend $20 or more on non-essentials and take away from other important parts of the budget.

Plan Your Meals – Have you ever wandered the grocery aisles looking trying to figure out what to buy? When my clients give me personal finance basics testimonials, they always thank me for teaching them the importance of planning their meals. With the menu laid out for the week you’ll know exactly what you need at the store. This also prevents buying extras and creates lest waste. This also doubles as a time saving tip. Take some time on the weekend and prepare meals for the week. It’s the financially responsible and health conscious way for instant meals. All you’ll have to do is cook the pre made meal, toss a salad and away you go!

Go on a Diet – I was floored one day reading about healthy eating and portions. Want to hear a disturbing insight into the history of McDonald’s portions in the early days. Apparently the current McDonald’s Happy Meal is the same size as the original combo meant for adults. The challenge with understanding tips on budgeting, reducing grocery expenses and practicing good personal finance basics is we have been conditioned over the last 30 years to want more and more food. Restaurants use large portions to satisfy patrons, but when we bring bigger portions to the kitchen table, we eat more than we need. The results, larger grocery bills and an overweight society.

There are so many other ways to save money on groceries, but I think these will give you a good start.

If you can think of any other useful personal finance basics as it relates to saving money on groceries, please comment on this post for others to see and benefit. And don’t forget to check online for other tips on budgeting, or search around our resource link for more information in our free ebook or for other financial calculators. Enjoy saving money as I leave you with this food for thought. Retailers are full time marketers of their products. You are only a part time shopper. Of course they’re going to win the game and get you to spend more than planned and buy things you don’t need. So go armed with the only defense, your list.

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