One of the best ways to lower grocery costs is to shop at stores that have the lowest prices. For example, a basket of 15 items recently purchased at Kroger cost $10 more than ... more
Photo by: istockphoto
One of the best ways to lower grocery costs is to shop at stores that have the lowest prices. For example, a basket of 15 items recently purchased at Kroger cost $10 more than the same items purchased at Walmart ($53.87 versus $43.50). When we priced a basket of 10 items at Whole Foods and Trader Joe's, the tab at Trader Joe's was $20 cheaper. It might seem a little time-consuming to actually run this experiment yourself. But you only have to do it once -- and the savings could be substantial. Think of it this way: If you were buying a big-ticket item, such as a TV, you'd probably invest some time to shop around and research prices. Although your weekly grocery bill may not seem like a major expenditure, you're shelling out $10,400 a year if you're spending $200 a week. That's a lot more than most TVs -- which you could easily afford to buy if you cut your weekly grocery bill in half.
Yes, there are some extreme couponers who manage to spend next to nothing at the grocery store. But you might not have the time it takes to be that sort of coupon pro -- or perhaps you wouldn't benefit from the effort because coupons usually aren't available for the items you regularly buy.