How to save $65/mo. on grocery bill?

Botond Kopacz 🔥
Oct 5, 2020 · 4 min read

Tips to save on average $65 — $156 monthly on grocery spends.

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The average cost of food and groceries each month for one person ranges between $200 – $325 according to the latest monthly report of U.S. Department of Agriculture, which publishes monthly reports about cost of food. For average American families of 4 this could mean spends between $850 and $1300 monthly. With the coronavirus pandemic, the spending and costs

According to the latest monthly reports, average American families of 4 can spend between $560 and $900 on food and groceries. With the hit of coronavirus pandemic – the costs increased ~ 4% compared to last year. And not only the cost increased but spent shifted from spending dollars on food away from home (e.g. restaurant) to groceries.

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According to online surveys taken by Food Marketing Institute — which represents food retailers and wholesalers — households with kids spent typically $616 in groceries each month, however this number shifted to an average $925 per month after COVID-19 hit.

How to lower grocery spending and cut on costs?

Which grocery chains offer the best value?

In the upcoming comparison of the supermarket chains, we picked 10 random products that represents an average basket, and we compared the prices using data from Grate price comparison index for Walmart, Target and Safeway.

Costco — Costco Wholesale Corporation based in Issaquah, Washington comes with yearly membership prices but offers many great deals and can feel like a magical treasure hunt. However, the great deals come in bulk size and packaging, which means adequate space is required to store the bulk items as well. Overstocking, overspending products especially with shorter shelf-life can easily land in throwing dollars in trash.

Walmart — the Bentonville, Arkansas-based mass retailer has the overall best food-priced according to CBS News and often beats local discount stores like Grocery Outlet, Dollar General or Family Dollar. However according to our shopping basket — slightly lost the competition against Target.

Target — Minneapolis-based company emerged as the leader in best price for our basket in both total basket price and per item average price. With an average of 7% lower prices than Walmart based on the past 11 weeks data, highlights that while Walmart and discount stores are great deal for many products — it is not necessarily true for every case.

Safeway — Pleasanton, California-based supermarket chain showed on average 12% higher prices for our basket on the past 11 weeks.

Average Dollar Prices

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Total Basket Dollar Price

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Conclusion

Grocery Guru

Tips and tricks to save dollars on groceries

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