Have you ever noticed that the things you buy every week at the supermarket go up a few pence between shopping trips? Not by much, just by a little each week, but they continue to creep up and up. All it takes for the price to jump up by a lot is a little hiccup in the world. Just look at the price of petrol and how it relates to world affairs. So is there a way to spend wisely and save money?
Keeping prices down
There is a way that we can stop prices from increasing and impacting our personal finances so much. The key is to buy in quantity and find the best possible prices for the things we use and will continue to use everyday. Things that will keep just as well on the shelves in our homes, as it does on the supermarket shelf. The things we will always need and always use.
For instance, dog food and cat food costs about 10% less when bought by the case, when compared to the single can price. If you wait for an item to be discontinued you’ll save even more than that.
Set aside some space in your home and make a list of things that you use regularly, which will not spoil. Any grain or grain products will need to be stored in airtight containers that rats can’t get into, so keep that in mind. Then, set out to find the best prices you can get on quantity purchases of such things. You should focus on bathroom items and dry and canned food.
You will be surprised at how much you can save by buying a twenty pound bag of rice, as opposed to a one pound bag.
What about clothes?
You can buy some clothing items when you see them on sale, such as socks and underwear because those styles don’t change. You can buy other items too, but aim for classic designs, that won’t date.
If you’re looking to update your wardrobe on a budget, consider buying second-hand items.
How much should you get?
Try to acquire and keep a two year supply of these items, as it could save you hundreds of pounds. However, you should only do this if the area where you live isn’t suffering from a supply shortage. It would be unfair for you to load up if the shops were half empty due to a pandemic, of the fall out of Brexit, for instance.