The Super Market, on a Super Budget

For most families, the grocery bill is the biggest variable expense in their budget � and provides the most opportunity to save money. With a little planning and effort, you can implement strategies that can help significantly trim your grocery bill each month. To maximize savings: investigate where are the best places to shop; plan your shopping trip thoroughly; and utilize strategies to ensure you are paying the lowest possible price.

Where to Shop

In choosing where to shop, don't be lured into the store that offers the most pleasant shopping experience. Some stores will go so far as to install special lighting and pipe in mood music designed to relax you into lingering longer in the aisles in hopes you will purchase more than you intended. If your goal is to save money, you need to:

• Use circulars � Review the Sunday paper for grocery store circulars to see what's on sale and where the best place is to stock up on items you use regularly. You can also access store's circulars on their websites.
• Determine which store has the lowest prices - Record the prices of items you buy regularly in a pocketsize notebook to determine who consistently has the lowest prices.
• Examine coupon policies � Find out which stores double (or triple!) the face value of coupons. Most limit the value of coupons they multiply to $.50 or less, but a few will double up to $1.00.
• Rethink the "Club" stores � Many times by combining coupons with sale prices, you can get better prices on things like paper products at a regular grocery store.
• Solicit some "help" � There are websites now that can help you identify where the sales are each week. Some are free (www.couponmom.com), and some with more features have a nominal cost which may be offset by your savings (www.grocerygame.com).

Planning your Shopping Trip

You should have a standard grocery list of staple items that you use on a regular basis. You can customize this list based on your store circular research showing what meat, seafood, or produce is on sale any given week.

• Have a Menu Plan � Plan the next week's menu around bargains featured in the weekly store circular. Make sure you take an inventory of what you already have on hand when planning.
• Stock up and Save � Stock up when stores have sales on "loss leaders" (items stores advertise and sell for less than their wholesale cost just to get you in the store). Just make sure they are products you use.
• Look for Coupons � The Sunday paper usually contains savings of $10 to $20 on everyday products, and many stores double the face value of manufacturers' coupons.
• Rain Checks - Many times there is no limit on the number of items you can buy with a rain check, so this not only gives you an opportunity to stock up later (and give you time to gather together coupons for the product in the meantime.)
• Stick to Your List � Impulse purchases can quickly derail your savings plan, because you end up paying full price for the same item that may be 2 for 1 a week later.

Paying the Lowest Possible Price

To ensure that you are paying the lowest possible price, you should:

• Monitor the sales � Many stores run sales for different categories on a 12 or 16 week cycle � paper, meat, frozen foods, etc., so if you understand how the store's cycles work you can stash coupons and use them to stock up on what you need when those items are at the lowest possible price.
• Try Store Brands � Many store brands are made at the exact same place that the brand name is, just without the fancy label and expensive advertising campaign that drives up the price. Try the store brands, and if you can't tell the difference, why pay more?
• Utilize coupons � Get a wallet sized coupon organizer that has dividers for different grocery categories. Organize it based on the order of aisles you visit.
• Take advantage of promotions � sometimes stores will give you cash back at the register if you purchase a certain quantity of a particular item.
• Look for Discounts - Look for items about to go past their sell by date (for example bananas-freeze and save for banana muffins, breads, etc�Meat � cook right away and incorporate into frozen casseroles, freeze right away for later use.)
• Calculate "per unit" costs � It used to be that choosing the largest package guaranteed getting the lowest price. It pays to check these days, because retailers bank on consumers still buying into this rule, and especially with things like paper goods, manipulate prices to make a smaller package the better buy.

Where to Find Coupons

Clipping coupons for brand name items you regularly use and combining them with sales, offers one of the greatest ways to cut your grocer bill. In fact, this strategy can usually get you prices lower than the store brand. Other than the Sunday paper, some ways to find coupons are:

• Call manufacturers' 800 numbers - Look on packages of your favorite products for an 800 number to request coupons. Many manufacturers only send coupons to consumers upon request.
• Check out Samples - Try samples offered in the store and you'll often be offered a coupon to take home a package of the newest and greatest products.
• Coupon sites � On the Intranet, where you can print out coupons, or even find sites that will sell you coupons for products you know you will use.
• Manufacturer's web sites - A product manufacturer's Web site may offer coupons for brands you love.
• Swap with friends - Maybe you have a baby and no dog, and your neighbor has a dog and no baby and you can swap coupons for diapers and dog food.
• Look for Deals Online - Websites like ShoppingSmart.com and GroceryGuide.com track grocery store ads and match coupons nationwide.
• CareOne Member Benefit Services (MBS) program � If you belong to CareOne's MBS program you can access a list of 1,000 different coupons ranging in values up to $2.00 by visiting www.fsabenefits.com

Utilize these strategies and you should be able to realize significant savings in your grocery budget. Try to make bargain shopping fun and use it as an opportunity to teach younger children the importance of being a savvy consumer. You can even have your children or grandchildren help clip coupons. It can help them learn math skills, and seeing how much money they helped you save can be very rewarding.

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• Five Ways to Be a Savvy Shopper

  1. Be Prepared to Haggle – In today’s economy, a certain amount of haggling is expected, so don’t be reluctant to ask for a better price. For better results, try asking if there is any flexibility in the price, instead of demanding a discount. Getting a better price can often be as simple as asking if the product is going on sale anytime soon, and if so, can they match that price. 2. Wait on Purchases – To avoid wasting money on impulse purchases and experiencing buyer’s remorse, wait a couple of days before buying any non-essential item. If you still think it’s a good idea after sleeping on it for a couple of nights, chances are it is! 3. Beware Pressure Sales Tactics – Don’t fall for high-pressure sales tactics. When a sales representative tells you that the deal is only available if you buy it right now, you probably should probably walk away or ask to speak to a manger to hold the price. If they believe in their product – they should want you to feel good about your purchase and not buy it out of fear of losing a special price. 4. Know Store Policies – You should make sure you understand the policies of stores where you shop to avoid over-spending. Some stores only allow returns for store credit or exchange. Other stores have generous price matching policies if you find an identical product for less within a certain amount of time. Knowing these types of policies can prevent you from spending more than you need. 5. Research – You don’t have to spend hours visiting different stores trying to find the best deal, but it’s important to know what a fair price is. Spend a few minutes searching on the internet or visit a price comparison search engine such as Price Grabber or Next Tag before making a purchase.

• Five Ways to Drive a Hard Bargain

  Following are five ways to drive a hard bargain: 1) Don’t be embarrassed. You won’t know if you can get a better price unless you ask. The worst that can happen is the seller says “no.” 2) Mention the competition. Research what other companies are charging. You’ll have more haggling power if the seller knows you know you can get it somewhere else for less. 3) Check the store’s policies. These days, many stores will honor another store’s lower price on a product, as long as you provide proof. Many stores will also offer a refund on the difference if the item you purchased goes on sale within a certain time frame. 4) Don’t be overeager. If the seller knows how much you want something, he’ll have the upper hand. 5) Give up. Be ready to shrug and walk away. If the seller sees you’re serious about not paying the asking price, he may panic and call you back with a better deal.

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