It’s the little things in life. This simple saying can be applied to many aspects of life – happiness, love, and success. It can also be applied to money. Every little bit adds up! When planning for retirement, most people understand the importance of having a 401K, a good portfolio, solid investments, etc. But many people overlook their daily or weekly spending habits, losing the chance to save money every day. Hacks, tips, and tricks that save a few dollars can help build your nest egg. It’s true that many people spend far too much money on groceries. So, here are 9 hacks that will help you tighten your belt, your budget, and save money every time you go shopping.
1) Divide and Conquer
The first and easiest step in saving money on groceries is to look at exactly what you are spending on those items only. Remember that “groceries” should be separated from every other food expense you currently have. Groceries don’t include meals out in restaurants, coffee and a muffin from the café, or happy hour drinks. All of these should be categorized differently – because they are different. Basically, don’t have a general “food” category in your budget. Really break it down so you can see where your money is going. Not only is this important in order to get a clear picture of your grocery budget, it’s also a way to see how much you’re spending on eating and drinking out. Once you’ve separated these two categories you’ll know just how much you’re spending and on what.
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