More Shopping Tips
26
Jul
Visited 215 times, 2 so far today
Posted by: mark in: "saving money", link-ins, money, Saving, Family, Reviews
This is from Get Rich Slowly called Strike Point Shopping which is based on a reader-submitted comment.
I promise this is the last grocery article for a little while…
This tip really goes to the heart of economic theory and a concept called inelastic demand. Which everyone seemed to know (except me at first) means that when there is an inelastic demand you will buy a product at any and all prices. Most of us have an inelastic demand for gasoline, for example.
DH, is using one of my favorite techniques, the stock-n’-store method of frugality. He knew that he would use more chicken broth in the future, and he saves $0.39 a can he will save $19.50 for as long as the case lasts. These savings are long-term, you will be hurting right away (spending $25 instead of .50).
Here are other things you can use this method on:
- Other canned goods- Soup is cheaper in the summer than in the winter.
- Frozen Food - We have a big ol’ bag of french fries in the freezer just to prevent late-night trips to Mickey D’s.
- Toilet Paper- This stuff has substantial shelf life and most everyone uses it, we buy the softest available and we buy it in bulk.
- Toothbrushes- My dad hasn’t bought a toothbrush for himself since the 1980’s, he gets extra free ones from his dentist.
- Fresh Veggies- Garden produce can usually be frozen, or else turned into something and frozen. Using extra tomatoes and making several gallons of tomato sauce saved us hundreds when I was growing up. Yes there were lots of spaghetti and chili nights, but Dad fed himself and 3 teenage boys on $40 a week.
- Fruit- Get some jam recipes, canning recipes, or big ol’ freezer bags. Frozen fruit can still be turned into pie filling pretty easily (we usually go half fresh half frozen though).
- Junk Food- Do you have any idea how long a Twinkie will last? I hear it’s more than a few months.
Let me know what things you’ve stocked up on to save money.
2 Responses
David Robarts
26|Jul|2007 1I agree with all but the Junk Food - if I have it I’m much more tempted to eat it than if it still sits on a shelf at the store waiting to be purchased.
I don’t currently have the opportunity to garden, but saving on canned food is great. A few weeks ago the local Food 4 Less had 8oz cans of tomato sauce at 10/$1. We bought the limit (20) and won’t be buying tomato sauce for some time. Thanks for the tip of looking to stock up on soup in the summer.
One concern on stocking up on frozen food - unlike canned goods there is an active cost to maintaining that store and the store is at risk if a disaster takes out your power, so don’t go overboard.
mark
26|Jul|2007 2I never thought about that with frozen foods, of course, I live in Wisconsin, so although it is 90+ degrees out right now, a good chunk of the year we have an extra large freezer that costs nothing.
Leave a reply