This is the third installment in our “Save Money at Home” series. Refer back to the other posts for more ways to save money at home.
This series consists of the 4 posts below:
Save Money On Groceries
The average family of four spends $244 a week on groceries. This translates to over $1,000 a month – a large expense for Americans that can become a very heavy burden if the times are tight. However, the good news is that wherever the spending is high, the saving potential is high too.
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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