It is no surprise that many people are tempted to spend more money than they initially intend to during the holidays. The good news is, there are plenty of ways to save money when shopping during the holiday season and the rest of the year. Here are some helpful tips to use when shopping or as you think ahead to how to stick to your budget and stay ahead of the game financially.
1. Plan your meals and make a list
When you go to the grocery store without a plan, you will likely buy things you do not need. Planning your meals ahead of time will help you stay on track and avoid buying unnecessary items.
In addition, making a list will help you stay organized and focused while shopping online or in-person. That will help you save time and money.
2. Compare prices before purchasing
It is always important to compare prices before making a purchase. If you have several options available, take the time to figure out which one is the best deal.
Do not be afraid to ask for a lower price if you feel that something is overpriced. If you don’t ask, how will you know?
3. Buy in bulk
If you are planning on using something frequently, buying it in bulk can save you money in the long run. For example, if you like baking loaves of bread or desserts every week, it may be more cost-effective to purchase flour or sugar in larger quantities rather than smaller ones.
4. Shop at different stores
Do not stick with the same grocery store every time you go shopping. Try visiting several different grocery stores and comparing prices before making your purchases.
You may even discover some new items that are cheaper at another place. Watch for sales.
5. Use credit cards for payment
Credit card transactions are convenient as you don’t worry about carrying large amounts of cash while shopping at the mall or big box stores. You might purchase items with a store credit card too and receive discounts on those items.
You can often use your credit card to get cash back on purchases too. If you do not have the cash to cover the purchase today, make sure you have it by the time the bill comes or you will have a balance to carry forward that likely involves significant interest on top.
6. Clip coupons on items you intend to use
When couponing, there are a few things that you need to keep in mind. First of all, be sure to clip coupons for items you will use.
Secondly, make a list of the items you need before clipping coupons for those items. That will help you stay organized and avoid buying unnecessary items just because you have a coupon for them.
7. Use a rewards credit card for shopping
You can get cash back or discounts on your purchases when you use a credit card that gives airline miles or rewards points for purchases. Using this type of card is usually free if the company uses one of the payment systems to pay for each transaction instead of charging you interest fees after you carry a balance for more than 30 days.
Now that most people know how to save money on groceries with a no frills flyer, the tips above can save money while shopping. Remember that it is important to use credit cards and coupons responsibly to avoid drawbacks. When used correctly, they can be great tools for saving money. Happy shopping!