Everyone wants to save money –– who doesn’t, right?
Saving money is important at all times, but especially now with the rising inflation of the primary necessities in the Philippines. Inflation is a real problem for a lot of people. It can get expensive to buy things, and it can be difficult to keep track of how much money you have. This is why it is essential to manage your money.
In condo living, how can you increase our savings? It’s simple: by reducing or capping your expenditures. You can achieve that by making wise financial decisions and managing the money that enters and leaves your pockets well.
One area where you can significantly reduce our spending is on food. If you look at your monthly spending, you'll see that after housing, schooling, and transportation, food accounts for a significant chunk of your expenses. This blog post will discuss how to manage your money especially with the inflation and price increases of basic necessities in the Philippines, how to save on groceries every month, and tips to save money on groceries.
How to save on groceries every month?
Shopping for groceries may be expensive, especially if you have a large family. Additionally, this cost is continuing to rise due to record-high inflation. Food staples like meat and eggs have seen the biggest price increases in decades since the pandemic began in 2020.
Of course, where you shop, what you buy, and how many people live in your household all affect how much you spend on groceries. Look at your grocery bill as a whole. How much of it is actually necessary? Is there anything you can buy that's cheaper somewhere else? Do you need to buy more than one type of food at a time? If so, can you find ways to combine them into one purchase?
However, there are easy steps you can take to save money, regardless of how much you spend. Here are 7 suggestions you can use to cut costs on your next food shopping trip.
7 Tipid Tips to Save Money on Groceries
Maintain a list of necessary items
It's easy to get caught up in the moment and forget to plan ahead. If you're not sure what you need, keep a list and make sure to check it periodically so that you don't run out of something important. This also helps you avoid impulse buys, which could end up costing more than they are worth if they're not on your shopping list.
Plan ahead of time
Planning ahead will help save money because it will allow you to get groceries at the best price possible. If you know what items you need for the week ahead of time, it'll be easier for you to plan out your meals or snacks for those days and make sure they contain those ingredients or ingredients needed for other recipes in your meal plan for the week.
Allot a grocery budget and stick to it
The most important thing to remember is that you need to allot a grocery budget for the week. This way, you won’t be tempted by expensive items in the store and will buy only what needs to be bought. This will also help you keep track of what you are spending on food and make sure that you are not overspending on groceries.
Choose the right store
When choosing the best grocery store to save money, it is important to consider the location and hours of operation, as well as how easy it is for you to get there. Be mindful of the amount of gas you’ll consume or the rate of the taxi you’ll spend as these factors also contribute to your expenses when going for a grocery run.
Some stores offer discounts during certain times of the day or week, so this can be another point when deciding which store to go to. If you live close to several grocery stores like most condo for sale in the Philippines, think about visiting a few of them and comparing costs. Discover which store offers the things you require at a lower price by looking at their sale prices. You could also grocery shop at two stores if it's not too much of a hassle to optimize savings.
Do not shop when you’re hungry
One of the biggest mistakes people make while shopping is going hungry while they are doing so. This can cause them to spend too much money on food because they aren’t thinking clearly while they are hungry. So try not to go shopping when you get hungry or when your stomach starts rumbling because this could lead to overspending on snacks rather than buying groceries.
Be alert on sale items
When looking for the best grocery store to save money, check if they often offer sale items. Be alert on the sale items you see in grocery stores and try to buy them before they're gone. The best thing about this tip is that it also comes with a bonus – you'll be saving money while shopping. You might end up buying more items than you would have otherwise on normal priced items, or getting some of your favorite products at a bargain price.
Collect coupon and use them
Another way to save money on groceries is by collecting coupons or vouchers from different brands and stores so that you can use them whenever you want to buy something from them at a discounted price. Some retailers will even give away coupons for free just to get you to come into their store! You should always keep an eye out for these as they can save you a lot of money when buying groceries.
Want to save money to buy a new phone or eventually purchase a condo for sale in the Philippines? Or perhaps you’re just preparing for the future? Regardless of your ultimate objective, saving is certainly one of the many things that grownups need to accomplish to fulfill your responsibilities. But with price increases and inflation of food and other necessities, saving up tends to be challenging.
But does reducing your food expenses imply that you'll stop eating good food? Obviously not! Simply by recognizing and prioritizing your needs, you may think more strategically. Simply moving to a new brand, making fewer snack purchases, and many other actions can result in additional savings.
For more information on Vista Residences, email info@vistaresidences.com.ph, follow @VistaResidencesOfficial on Facebook, Twitter, Instagram, and YouTube, or call the Marketing Office at 0999 886 4262 / 0917 582 5167.
