As we prepare to leave the EU, we have seen a least one negative effect in the cost of groceries beginning to rise. Some items such as seafood and dairy products like butter have gone through the roof and many other grocery items have increased in price well above the rate of inflation. This will result in the average household shopping bill increasing as grocery costs increase.
It’s important to make sure that you are getting the best value for money when working to a budget and this article will take a look at a couple of the ways in which you can help make those pennies go that little bit further.
Only buy what you really need
One very useful strategy is to plan ahead and deeply consider what you actually need to buy. It can be very tempting to buy something just because it’s been reduced in price or has another offer attached to it. These offers can be great but only if it’s something that was already on your shopping list in the first place. Ask yourself if the item is essential or not before making a decision to buy it, and even then, if you decide you really want it then explore every avenue, online and off, to make sure you get the best deal. Take your time; the longer you wait, the smarter you get and the more you save on shopping bill.
Top tip: Keep an eye out online for unmissable deals, especially discount vouchers and coupons that can help you save a fortune on treats; dominos vouchers are a great way to get more bang for your buck when feeding your hungry tribe.
Don’t always head straight for the big brands
Habits are hard to break, good and bad. One habit that can put a massive dent in your purse is heading straight for the brand names when cruising the supermarket aisles. While sometimes it’s true that you get what you pay for, mostly it’s just a marketing device and many products are simply no different other than in logo design and packaging.
Martin Lewis of MoneySavingExpert has a great idea to help combat this; he has identified four levels of branding in supermarkets: Premium quality, branded, own brand and value range. If you identify where you tend to shop on that scale and try dropping down one level with your next shop. Can you tell the difference when you actually cook, prepare and eat these products? Probably not. Try to shop for more items in the ‘own brand’ and value range going forward, as this alone will have a dramatic effect on your bill when you reach the checkout.
Planning is the key, as always. If you go to the shops armed with a list of the essentials and some good self control, allied to cost comparisons and voucher hunting online and a willingness to drop down a level when it comes to branding, you’ll save yourself a small fortune every week without sacrificing very much at all.