With the Coronavirus pandemic affecting our daily lives, some homebuyers are deciding to push the pause button on their home search and understandably so. If your immune system is compromised in any way, it’s probably not worth the risk to view properties.
If you’re planning to buy a home in Toronto or Vancouver, homes don’t come cheap there. If you’re struggling to save a down payment, cutting costs is a good place to start. For many Canadians, groceries is the second or third highest household expense.
Here are some simple ways to save money on groceries. With all the money you save while you’re waiting for the Coronavirus situation to improve, you can reach your down payment goal sooner.
Shop at Discount Grocers
How would you like to buy your groceries for less? Have you considered shopping at discount grocers? At premium stores, you’ll be nickel and dimed on everything from breakfast cereal to coffee. The savings at discount supermarkets can really add up to be a lot. By buying no-name brands you can save a pretty penny—usually 25% or more off the premium brands. By saving $20 on your grocery bill each week, it will add up to savings of over $1,000 a year.
In case you’re wondering, discounts supermarkets will often have produce and meat that is just as good quality as the so-called premium stores. You don’t have to stop shopping at your local supermarket altogether; rather, consider your other more affordable options.
Why pay full price for your food you enjoy when you don’t need to? You can save even more money by price matching. This is when grocers match a competitor grocer’s lower price on identical items if you point it out to them (you’ll need to show the competitor’s paper or digital flyer as proof ).
Most discount grocers price match. Price matching is something I do each week. Every week before heading to the supermarket I make a shopping list. I go through my fridge, freezer and cupboards to see what items I’m running out of. Once I have my list, I’ll look for these products in store flyers. I’ll then circle them in pen. That way when I head to the supermarket, it’s nice and easy to point out to the cashier to price match.
Buying Items on Sale in Bulk
When you see a grocery item you regularly use at a discount, take advantage of it and stock up. But before loading your cart with Kraft Dinner, remember that not all sales are the same. Look at how much money you’re really saving to figure out if it’s worth stocking up. Plus, some items that appear in the flyer might not really be on sale, so don’t get tricked. Usually items go on sale every two to three months at a particular store, so stock up so you have enough to last until the next sale and try to never pay full price.
This post brought to you by Sean Cooper