I set a goal each year on how much I want to save when I shop for groceries for my family. I use coupons and certain sales a lot to decrease my out of pocket expenses. I apply my yearly savings to other products that I want to buy and also to Save for other items that I need. I read this article today from Yahoo Finance by Kimberly Palmer and I loved the examples that were provided on grocery savings.
This year, my yearly budget for savings on groceries is $500. Right now, my total savings on grocery just from Kroger alone is $479.94 and I have 2 more months left in this year to save an additional $20.06 and meet my goal. I am taking the money this year from my grocery savings to pay off a bill that is close to or less than $500.00 and any extra that is left after the bill is paid, will either go to pay down another bill or buy a small token of accomplishment for myself.
View the article here by Kimberly Palmer today and share with me which method you found the most helpful with being able to cut back on your grocery spending monthly.
Photocredit: Microsoft Images
