Did you know that the average UK household spends £489 on grocery shopping? In these days of rising food costs this figure is only rising and it has been reported that this figure could rise by 3% in 2014. The fact is that in this difficult financial climate, people don’t often have that much to spend and we’re all looking for ways to lessen the cost of our grocery bills.
Many people don’t realise just how much money they can save by utilising coupons and buying in bulk. Although these methods of saving don’t appear to be very effective at first, they can save you a lot in the long term.
Stockpiling can sometimes come with a negative stigma since the media often portrays stockpiling as a habit of people expecting the end of days or hoarders. The fact is stockpiling can save you hundreds of pounds and you will save money by buying your goods in bulk. Some people may be put off by the idea because they believe they don’t have the space but you don’t need to have a cupboard the size of a supermarket to start bulk buying. Initially you may not feel as though it’s saving you money but within 3 months you can notice the difference by how much less you’re having to buy a certain product and by how much more money is in your purse or wallet.
If you’re interested in learning how to make the most of bulk buying and coupons then check out this handy list of tips:
- Make a solid list
The first thing you should do is make a solid list that includes all the items you would purchase in your weekly shop. Make sure there are no items that are wasted or not needed, this list should be tight. The good thing about having a set list is that it will help you to avoid deals that seem like a bargain but are for things you don’t really need.
2. Be organised
It may seem obvious but staying organised can have a huge effect on how successful your money saving is. Make a note of all the deals, which supermarket sells what cheapest, when the sales are, and how much everything is. Not only will this help save money but it will also make it easier for you to see just how much money you’re saving, which is a great boost to morale and lets you know just how effective your money saving plans are.
3. Examine the Sales
When stockpiling, it’s important to make sure you are actually saving money. With this in mind, be sure to only buy in bulk when there are good sales on which you can make even better with coupons. A general rule of thumb is to only buy in bulk when there is at least 60% off.
4. Don’t buy more than you’ve got space for
There is no point buying a years supply of shampoo if you’ve only got space for two months worth. Be sure to look at how much space you have for bulk buying and buy with that in mind. When it comes to finding space for your products, having a few smaller storage places around the house can be more effective than just designating one area for storage.
5. Store your products carefully
Keep in mind that some items are better stored in different areas depending on what they are. Tinned goods are usually fine to sit for weeks under the stairs but items like fresh food needs to be prioritised so it stay fresh for as long as possible. If you store items in the incorrect place then they’re more likely to be wasted.
6. Expect to pay (at first)
The best time to start buying in bulk is as soon as you can. This means that you will begin by paying more at first but stay true and you’ll soon see the savings as the products begin to get discounts. Discounts and savings usually kick in during holiday seasons which is great because we could all use a few extra quid around then.
7. Know your products
Again, this may seem obvious but be aware of what products are good for stockpiling. Goods that will stay unspoiled for a long time include pasta, rice, toiletries and cleaning products. Canned goods and drinks are also great due to their longevity. Obviously it’s unwise to bulk buy items like fresh fruit and veg, fish, and meats since they will go off quickly and you’ll only end up wasting them.
8. Don’t be loyal to brands
If you have a loyalty towards certain brands then it can be very difficult to save much money. The best move is to not be loyal to brands as you will be far less restricted. If one brand is not on sale or expensive then it’s likely that there will be another version of the same thing on sale. Some people decide to keep their brand loyalty by only still buying the product but only when it’s on sale but when you think about you’re not buying at full price so you’re only supporting them a little bit. You may as well be a brand mercenary, let them come to you!
9. Know how to stockpile perishable goods
As I mentioned earlier, stockpiling perishable goods can be hard but since these goods tend to be expensive, you can save a lot of money if you buy in bulk, just be sure not to waste them. Meat and bread can be frozen to prolong its life, vegetables can be turned into sauces, fruit can be made into jam, and milk and some cheeses can be frozen and stored. Although you may have to put some effort into making sure your perishable goods don’t waste, you can save a lot of money doing so.
10. Take advantage of the holiday sales
Holiday sales are a great way of saving money on food. Holiday foods often go on sale once the holiday is over and these can mean great savings for you. Chocolate Easter Eggs go on sale after Easter and not only does chocolate last a long time, it can also be used for cooking. Holiday themed items also go on sale, for instance, a scented candle that has a Christmassy smell will be a fraction of the price in January.