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May 1st, 2012

Financially Fabulous: May’s Focus – Coupons are not always the answer!

It is already May… Crazy!! This month we are going to talk about the next step to to becoming Financially fabulous. If you are just joining us, don’t worry, you can catch up on the previous posts here.

If you want to cut your grocery bill by 50%, then cut those coupons and save that money. However, if you want to cut that grocery budget even more you need to think outside the box in addition to the coupons.

Coupons are not always the answer.

This month, we are going to talk about other things that you can do to save money. Coupons do help, but sometimes they are not always the best way to save. I want you to think outside the box on how you could save extra money without using coupons.

This week, I want you to look at back receipts (or receipts from your spending this month) and I want you to circle your highest priced items on your receipts. Doing this will show you what items to your family is the most expensive.

What items do you buy regularly that is driving your grocery bill up? Is it that 24 pack of soda that you HAVE to buy every week? Is is the snack for the kids that you just can’t keep enough in stock? Whatever it is that you really want to buy, then try to find a way to save on that item.

You do not have to give up everything!

I am not saying you have to give up your soda, or stop giving your children snacks, but think of ways that you can save a bit of money with that item. Maybe it is time to cut back on the soda (Can you believe I just said that?). Maybe your goal should be to buy a 24 pack every other week instead of once a week.

It doesn’t matter what you choose to do to save the money, as long as you tackle that expensive item that you regularly buy at the grocery store.

Here is your challenge this week:

  1. Look at your past receipts and find the items that you spend the most on and can’t seem to save.
  2. Leave a comment and let us know what that Item is. Maybe I can help you think of ways to save on that item. I’d love to help.
  3. Then find a way to save a little bit of money this week on that item.

Good luck!

Stay tuned for next week, for another challenge on thinking outside the box.

 

 

Comments

    4 Comments
  • Kristi Robertson - May 01, 2012 @ 8:29 pm

    Soda is definitely something that breaks our bank, but if it’s not on sale, we usually go for the off-brand, or settle on tea. The most expensive items on my grocery list each month include diapers (about $7 for jumbo pack of Luvs, $13-14 for big box) and meat (bag of chicken breast $6-7, ground beef- $12-13 for about 3-5 lbs). Saving on meat would be the greatest thing ever!

  • Angela - May 01, 2012 @ 11:07 pm

    Fruit and milk are the most expensive things in my household. Since I have a a 1yr old and a 4yr old those are MUST HAVES in my house! I try Aldi but sometimes their fruit isn’t that good even tho it’s cheap.

  • Kelly - May 07, 2012 @ 9:22 pm

    Diapers and meat! It’s really hard for me to save money on those!

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