We cut our food budget from $400 a month for food and toiletries to $120 (in May of 2010) a month and are always looking for ways to make it even less. We found a few things that were very interesting.
1. Statistics show if you go to the store without a list you spend on average 40% more.
2. If you have someone (usually husbands) run in on the way home to “grab a few things” they buy on average 60% more than what they came in for.
3. You re-buy many of the items that you already have at home because you don’t know that you have them.
Basically, you want to have a “stockpile” or have “food storage” in your home of items that you have gotten for free or almost free. These are items that you have you bought at the lowest possible price. When they are at their lowest price you buy as many of them as you have coupons for with the idea of not buying them again until you can get them at that price again.
I store everything that you can imagine. Anything that my family would need if we were not able to go to the store for a solid 3 months. Food, toiletries, diapers and wipes. At times there are items that I don’t need or use that I can get for free. If it isn’t a special trip out I still pick up these items so that I might be able to donate them.
1. The first thing that you need to do is start collecting coupons. You have to have coupons to coupon right?! Where do you get them from:
- Sunday Newspapers
- Printable Sites
- Manufacturers Websites
- In-Store
- In the Mail
- Magazines
- E-Coupons or Loadable coupons
- Coupon Clipping Sites
2. Now you need a way to store them so that you know what you have. It is important to be organized, although I am normally not an organized person but I am with my coupons, I hate missing a deal because I didn’t know where a coupon was or that I had it at all.
There are a few different methods of coupons organization.
- Binder Method ( this is what I use)
- Whole Insert Method
- Coupon Box
3. Next, this is what really is the key to couponing and saving the “Big Bucks”. If you did nothing else but just pay attentions to sales, and every now and then use coupons you can still make a big difference in your families budget. But “stockpiling” is what is really the key to taking your grocery budget from $400 to $120 like I did.
The idea is that you buy the items that you use the most at the lowest possible price and buy as many as you can or have coupons for. This way you do not have to purchase them again until they are at their lowest price. This is how to spend the least amount of money shopping for food.
For example, sales are cyclical in a grocery store. Every three months or so every item in the store will be on sale at one time or another. Because I buy 6 papers a week I have anywhere from 6-12 coupons. Lets say that soft soap goes on sale at Kroger for 10 for $10. I have 12 coupons for $.50 each, they double for $1 making the soft soap free! Because I have 12 coupons I get 12 things of soap. Now I do not have to purchase soap again until it is at the lowest possible price (which for me is free!) I can hold out until it is on sale again within that 3 months.
The question is how do you stockpile?
- Like I said above you buy at the stores lowest price, combined with a coupon and get as many as you can.
- Realize that coupons are cyclical just like store sales. I am going to find that I get a lot of baking coupons and canned good coupons in the fall and around the Holiday’s, I want to stock up on these things at this time.
- Where am I going to store it? EVERYWHERE! We have a small house and 4 people. My closets are full, the coat closet is a pantry and under the beds are sweater drawers to keep items.
- Have a budget. In the beginning some people spend more couponing. They are buying things that they normally would not have bought. Set aside a little extra money and spend on building your stockpile, this will save you money in the long run. Once you run out of budget, only get those things that are free after coupons.
So thats it. Easy huh?! Not always, it will take a little time to figure it out, but don’t give up it is soooo worth it. Pick 1 grocery store and 1 drug store to start with. Get familiar with them and learn their coupon policy. Star slow and have a goal of just saving $40 a week, that $160 extra a month that you saved will be motivation to keep going! I like to think of the $400 a month that I save as a great part time job.
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