Have you ever noticed that the groceries and household items you buy every week at the grocery store, supermarkets, and hardware stores go up by a few cents between each shopping trip? It is never by really all that much…just by a little each week … but they continue to creep up and up.
All it takes for the price to jump up substantially is a small hiccup in the world wide market and global economy; note the regular fluctuation of the price of petrol as it relates to world affairs. Thankfully it comes down sometimes but rarely as often as it goes up. It usually takes the imminent threat of a recession for the price to drop significantly.
There is a way that we can keep these price increases from impacting our personal finances all too much, and that is by buying in quantity, paying cash, and finding 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 shelves at the grocery store or hardware store.
For instance, dog food and cat food costs about 10% less when bought by the case than it does when bought at the single can price, and if you wait for close out prices you save a lot more than that.
Set aside some space in your home and make a list of things that you use regularly that will not spoil or go off. Any grain or grain products will need to be stored in airtight containers that rats and other creepy crawlies can’t breach so keep that in mind.
Then set out to find the best prices you can obtain on quantity purchases of such things as 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. But as said don’t forget that it must be kept in an air tight container to protect against insects and vermin that might otherwise be attracted into your house by the odours and other signals that we don’t detect but their supersensitive noses and other senses do.
You can buy some clothing items such as men’s socks and underwear because those styles don’t change, avoid buying children’s and women’s clothing, those styles change and sizes change too drastically.
Try to acquire and keep a two year supply of these items and you can save hundreds of dollars.
Find a wholesale butcher and green grocer in your neighbourhood and buy all of the weeks meet and fresh vegetables in bulk. And be on the look out for when the products you normally buy are on special. Then buy enough to last you until the next time they will be on special. If you monitor your supermarkets promotional magazine, you’ll notice that these things have a cycle.
Also, paying in cash is important. There is not point maxing out your credit card to buy bulk. Any savings will be negated by the interest the credit card company charges you to extend you the credit.
We hope this is valuable.
About this company:
Focus Liquidity is committed to helping distressed debt companies find a workable solution for their funding requirements, whilst providing every day people with access to a bigger piece of the money pie. If you are either a small to medium business seeking funding for a viable venture, or you are someone with a small amount of money (even as little as $1,000) and would like to maximise your returns, contact us today. We might have a solution.
We look forward to hearing from you.
Paul Lange
CEO, Focus Liquidity
Monday, July 6, 2009
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