Sunday, July 20, 2008

My Money Saving Tip

More often friends have been asking for advice on finances. Ideas on investments, ways to save while shopping, and even frugal family activities. I'm not sure why I'm the one most asked, but I love to share ideas.

I thought I would share a few ideas from time to time. Especially since I haven't really blogged in a long while.


My tip: Price Points

Price points is a term I learned in retailing, i think. I have a weird memory when it comes to numbers so this is easy for me. But I recommend writing down the items that you use the most. Maybe a top ten or more. The more you keep track of the more you save.

Once you get your list, keep track of the prices. Over several weeks prices always fluctuate in the grocery isle. Once you find the lowest price point then you stock up on the item.

I know this doesn't work with milk, eggs, or produce since they won't keep very long in the pantry. I do get joked about when the word is out that I just bought 25 cans of spaghetti sauce.

This price point method will save you hundreds in a years time.

We use this for meat (we freeze) and any dry good that can be stored.

I'll give you an example on how much you can save in a short time:

Frozen boneless chicken breast: Reg: 3lbs/6.97 PP:3lbs/4.99
Saves: $2 a bag We have 3-4 bags a time

Manwich (name brand) reg: $1 PP: .50
We bought 20 cans and saved $10

Spaghetti sauce (name brand) reg: .92 PP: .69
We bought 25 cans and saved 5.75

Canned veggies (off brand) Reg: .50 PP: .39
We by a mixture of 50 cans. Saves $5.50

These are a few examples to see what you can do. I hope this helps. I would love to hear ways that you save or you thoughts on this
!

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