Save Money on Groceries by Being an Intentional Shopper

Over the weekend I stopped by the grocery store to pick up a few things. Since we were set on meats and produce, I found myself wandering the aisles more than usual – seeing what was on sale and checking prices of a few of our favorites.

Before I knew it, my shopping cart was half-full, and I knew my trip to the store to “pick up a couple things” would likely cost much more than the mission name implied. So it goes when shopping without a list.

$38! I spent $38 essentially on junk. Well, it wasn’t all junk, but the very large majority of it was junk. And by junk in this context I mean things that can’t generally be used to make a meal – sodas, chips, a couple dessert items, some frozen items from the “Snack” case, etc. No ingredients, no staples, no meats, no vegetables.

I loaded up the items in my truck and reflected a bit about the grocery trip, wondering how many times I’ve shopped like this in the past and thought nothing of it. I violated nearly every rule in the book of frugal grocery shopping – I didn’t have a list, I had not planned any meals, I was hungry, etc, etc.

I decided from now on I would try to be an “intentional grocery shopper.” That is, I would do a better job of planning before I went to the store. I would seek out only the things I needed to fit my meal plan and nothing more.

How to Become an Intentional Grocery Shopper

1. Plan meals a week (or two) in advance. One of the easiest ways to plan a shopping list is to work backwards. Start by planning a few meals you and your family would like to have over the next several days, then list the required ingredients for those meals. Check your pantry to see what you have on hand and add any missing items to your grocery list.

2. Always shop with a list. I can’t cite any official study, but experience tells me that when I shop with a list I save money. I also forget less things, which requires a return trip to the store which offers more opportunity to spend unintentionally.

3. Shop once a week. The enforcement of this rule alone will make you a more intentional grocery shopper. If you know this is your once-a-week visit to the grocery store you are more likely to plan and make a complete list so as to avoid a trip again later in the week.

4. Use coupons. I am not the best coupon sorter. Some people seem to have it down to a science – it comes naturally to them. Not me. Still, I could probably save $5 – $10 per trip to the grocery store without even trying just by using the coupons in the current Sunday paper. Imagine the damage I could if I actually invested the time to collect and sort them EVERY Sunday.

Speaking of coupons, have you checked out our Coupon Directory lately?

5. Stay away from the inside of the store. On my most recent trip to the store I did the exact opposite. I avoided produce, meats and dairy and instead wandered the chip and cookie aisles for half an hour. Big mistake – unless I was targeting something very specific. From now on I will stick to the perimeter of the store, for the most part, stocking up on meats and fish, dairy and produce.

What are some tips you use to save money on groceries?

Why The Airlines Are Bankrupt (Infographic)

Like many of you, I often find the need to fly to see family, take vacation, or go on business trips. And each time I’m struck by how little I get on the flight and how much I end up paying for the pleasure. So when I saw that American Airlines was filing for bankruptcy, I was shocked. Turns out 20 airlines have filed for bankruptcy in the last 10 years, and the future doesn’t look any brighter for the remaining ones.

We put together this graphic looking at the airline industry and its struggles since deregulation in 1978. It may not be obvious to the average US domestic air traveler, but prices are A LOT better now than they were 30+ years ago. In 1974, a round-trip flight from New York to L.A. would have cost almost $1500 (adjusted for inflation). Today, that flight can cost under $300. Still, air service is worse in a lot of ways, with smaller seats, less in-flight food, and more delays and cancellations.

I hope you find this graphic as eye opening as I did. While it won’t make paying “baggage fees” any easier, it should help you understand exactly why airlines have decided to price gouge us – and what might happen if they didn’t.

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Flight

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Redefining Action Hero: Bill Gates is Better Than Batman (Infographic)

I have a lot of respect for Bill Gates. Not just because he’s been wildly successful, but because as far as I can understand, he’s kept a steady head about him in spite of his success. As one of the wealthiest men in the world, he’s also making a name for himself as one of the most philanthropic.

Obviously most of us don’t have the kind of capital that Bill Gates has to work with, but I feel that everyone could learn from his philosophy towards philanthropy. I admire that his approach is both compassionate and practical. He sees charitable endeavors as something well worth investing in, because ultimately everyone benefits from an overall better quality of life around the world. He sums it up himself pretty well: “[The] hybrid engine of self-interest and concern for others can serve a much wider circle of people than can be reached by self-interest or caring alone.” I feel like that’s a refreshingly balanced philosophy. Not only that, but as this Infographic shows, there are direct results that speak to just how powerful a well-informed and carefully invested philanthropist can be.

Read on to find out more about the powerful things happening at the hands of Bill Gates, the Bill and Melinda Gates Foundation, and the legacy of philanthropy started by some of America’s most successful and most innovative figures. It’s nice to remember that success doesn’t always create greed — it can enable a powerful force of giving and problem-solving.

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Microsoft Infographic

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Update Much thanks to Matthew Herper at Forbes for pointing out that the vaccine Bill Gates spent $200 million to rescue was in fact for malaria, and not for polio as the infographic previously stated.

Better Than the Average Man (Infographic)

I probably could have told you that American men were in bad shape (both financially and physically) but I didn’t realize just how bad until now. The average guy has almost $15k in debt and only $3k in savings, and 16% of guys rarely pay off their credit card bills. If this isn’t why Frugal Dad was founded back in 2007, then I don’t know what is.

But my blog has always been about how to improve with a few simple steps, and this graphic is no different. I’m excited about this one – it’s useful in looking at the average American guy, and it gives sound advice for improving your finances and getting active. Enjoy!

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Average Man Infographic

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Resisting the Urge to Step Up in House

The other day I was talking with an old friend who I hadn’t seen in a few years. He shared with me that while things were going pretty well, he regretted the decision to buy a new house early last year.

I was puzzled too, because not long ago I remembered them buying a home, which at the time (maybe three or four years ago) was a major step up for them. It was a very nice home, and one that offered the space they needed for their growing family. I just assumed they would be there for years – maybe decades.

Somewhere along the way my friend got a promotion and his wife returned to work. They had some new-found cash flow, and felt some temptation to step up in house again. Rates were nearing an all-time low, and prices had been knocked down a bit in their area (though not quite as bad as in other parts of the country).

They decided to, in his words, “stretch a bit” to buy a much larger home (around 1,000 square feet larger), with a bigger lot and many more high-end features. They considered it a smart investment.

Fortunately, they sold their old house relatively quickly, and for the first couple of months they were tickled with the new place. Unfortunately, it didn’t last.

They soon realized that the new home came with larger bills. I guess they always knew that would be true, but now they were feeling it. They were paying more in utilities each month. Their payment was significantly higher thanks to higher taxes (they now owed city and county taxes since they moved closer to town).

My friend’s wife saw her hours cut at work, which was a mixed blessing since she missed spending more time at home with their kids. On the other hand, they counted on her earnings to help cover the mortgage. He said they were starting to feel “squeezed.” Looking back, he confesses, it would have made more sense for them to just stay put and find something else to “invest” in.

Finding Contentment

I can relate to what my friends are experiencing, and his story was a timely one for me. My wife and I often wish we could relocate to a different area. Houses in the area we desire are significantly more expensive than what we owe on our current home.

We feel like a move there would mean depleting our cash for a down payment on a larger debt. At the end of that trade we wind up owning less (savings) and owing more debt. That just doesn’t fit with our financial goals.

Since becoming debt free but the house our goal has been to acquire assets – things that go up in value, or add value to our lives, or create a passive income. While you could make the argument that real estate meets these qualifications, I don’t necessarily want to put all my eggs in my primary residence. I’d rather buy rental property, or land, or invest in REITs for real estate exposure. My home is my shelter; it’s not an investment.

When I start feeling a little house fever, I remind myself that all the granite countertops, square footage and stainless steel appliances in the world can’t change my fundamental feeling about new debt.

I don’t want to take on more debt. I want to pay off the remaining debt I have (the mortgage), and be free from debt altogether.

I don’t want to buy something that will cost me more to maintain, draining more money from future earnings.

I don’t want to buy a fancier roof over my head if I think one day I may not be able to pay for that roof, a roof that keeps the rain and the wind and the cold away from my family.

So for me, curing house fever is relatively easy. I take a walk around the outside of my home and think of the blessings I have inside, beginning with my family. Everything else is just stuff. And I don’t need a bigger box just to hold more stuff.

If I lost everything inside that house, but still had my wife and kids, I’d still be a blessed man. Anything else is just gravy.

As for my friend, he said they are looking to downsize, but are now having trouble selling their home – one of the larger ones in his neighborhood and significantly more expensive than the short sales happening around him.

As he put it, “We may never find someone dumb enough to take this house off our hands.” I told him to be positive, because after all, the previous owners did.