Have you ever noticed that the things you buy every week at the grocery and hardware stores go up a few pence between shopping trips? Not by much. It’s just by a little each week, but they continue to creep up and up.
All it takes for the price to jump up significantly is a little hiccup in the world wide market. Think about the stocks in the wake of lockdown and the price of petrol and how it relates to world affairs.
There is a way that we can keep these price increases from impacting our personal finances so much and that is by buying in quantity. We can also do this by finding the best possible prices for the things that we use and will continue to use everyday. Those things that will keep just as well on the shelves in our homes, as they do on the shelves at the shops and supermarkets.
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. If you wait for close out prices then you could potentially save even more than that.
Creating a plan
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. Try to cook more and learn how to make items, such as dried mushrooms, which you can use again in the future. You should also bulk buy 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 don’t forget that it must be kept in a rat-proof container.
When it comes to clothing, you can buy some items such as socks and underwear, because those styles don’t change. But avoid buying children’s and women’s clothing, those styles change and sizes change too drastically.
If you acquire and keep a two year supply of these items and you can save hundreds of dollars.
The key to creating a plan is determining what you can and can’t change.