When you want to save money while grocery shopping, it’s important to create a budget. This budgetshould be based on a 50/30/20 rule, meaning that 50% of your income goes towards your needs, 30 percent for wants, and 20 percent for savings and debt. Once you have your grand total, organize your list by food groups. You’ll also want to include how much food you have in the fridge and freezer.
The best way to save money when grocery shopping is to buy in bulk. By keeping track of sales in your favorite grocery stores, you can buy a lot of different items for less. It is also a good idea to bring a calculator to the store. This way, you’ll know exactly what you can buy and how much to spend, which will save you money.
Developing a budget for food is important, because without a budget, you’ll likely end up overspending, buying the wrong things, and wasting food. It’s also important to determine how much you spend on perishable foods, such as meat, dairy products, baked goods, and produce.
As a general rule, grocery shopping on a budget for four people should cost less than $220 per week. That’s significantly less than the average Canadian household’s monthly grocery bill of $217. With a few tips, you can stick to this goal and feed your family well on a small budget.
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