HOW TO SAVE MONEY: CUT ON GROCERY BUDGET

I am involved in a big  six sigma initiative at work and one opportunity we are looking into is evaluating our current process in an effort to maximize efficiency while at the same time minimizing cost. I am impressed with the details associated to each process and it inspires me to look deeply on how I can apply the tactics to my quest for more savings.

THE CHALLENGE: We usually spend $200/week on groceries. No, we don't eat a lot, but despite the  Meal Planning and Grocery List  tactic, there are still gaps once in a while.

THE ISSUE: I can cut on other areas but there is no way I can reduce my current budget for fresh fruits and produce  (approx. $40/week). When I say NO WAY - -don't let me go in that direction as we have teenage girls who easily consume 5 lbs of grapes in one sitting  and/or  a 10 lb bag of orange in 2 days (better than chips - so why not!) so I might as well find another area of opportunity.

For us, it's not about cutting cost - - but making the most out of our budget. Obviously, my needs at work is different, so I really do not need to do a deep dive on another process ...but here's what I would recommend

• Advance planning by utilizing Weekly  Meal Planning form
• Cost containment by adhering to Grocery Checklist
• Sourcing based on availability of Free Coupons
• Allocate one credit card for all groceries/supplies

MY NEW  AREA OF OPPORTUNITY: HOW STORE BRANDS MAY HELP YOU SAVE ADDITIONAL 80% VERSUS LEADING BRAND

Have you considered brand substitution? We embrace the concept of store brands more aggressively nowadays. Initially, I was hesitant to consider a store brand due to my perception that they offer lower quality level! But if you will instill due diligence on carefully reading through the label and  willing to be bold enough to do your own personal pilot study - - this will pave way for more savings!

Listed below are actual cost savings derived from brand substitution. I have coupons on hand but the store brands are more economical even if I use the coupons.

For today, I was able to reduce cost by $24  on items purchased above

To each his own...but with  brand substitution,  I am able to go within the $200 range per  week without sacrificing the steak night, my Japanese sushi lunches (also  Dr. D hubby's asian meals for a brown bag) and endless fruits supply that  we love most  (...plus key lime pie for dessert tonight)!


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