In this volatile economy, is there such a thing as a good investment?
Every morning, I read the Wall Street Journal for a glimmer of hope for the US economy. On some days, today being one of them, the paper is filled with good news followed by a positive forecast and a upbeat market. Just when I think we have what it takes to get out of this economic stagnation, my hopes are dashed with one bad news after another. For myself and others following finance, this has been the common theme for the entire past year. We all face the same question: When will there be any certainty in forecasts?
A lot of you might now know about the large selection of fast food available to you for under a dollar. Most of the larger fast food chains have a dollar menu with food thats cheap. Fast food chains do this to lure you in to purchase other food so that they can make a profit. For example, a buddy of mine, who owns a few McDonald’s franchises told me he loses about a dime on each thing he sells from the dollar menu, but combine that with a drink, and he makes a hefty profit. It’s almost a win-win, you get food for cheap and the restaurants make money. Enough with the introduction, I’m sure all of you are wondering what exactly you can get for under a dollar.
Grocery spending can be one of the biggest financial burder on a family. An average family of four spends approximately $6,280 annually on groceries. This translates to a whopping $121 a week. Even with the current economic condition, food prices have not budged. Market analysts predict that it takes about 3 quarters (9 months) for food prices to change based on market conditions. That means we can still expect to wait 4 or 5 more months until a substantial price decrease is seen. By following the steps below, you can expect to reduce your grocery spending costs by about 15%, almost $900 in annual savings in an average household.
Since the economy began to rapidly recede in the third quarter last year, the public has grown more aware of savings opportunities. One of the most commonly overlooked money saving methods is the use of online printable coupons. These coupons have become ever more valuable due to rising food costs, unemployment, and overall drop in consumer spending.
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