Because you’re just a mom, standing in front of the canned food section, wondering if the $1.98 jar of pasta sauce is a good buy.
If you had a price list with you, you would know for sure that you can buy pasta sauce for that price any day of the week, and that it’s just a sales gimmick.
A price list is what separates the average savers from the super savvy savers (say that 3x fast).
Do you have a price list?
How To Create A Price List the Easy Way and Save Big on Groceries
What is a price list?
In short, a price list is simply a list of the items your family regularly buys and how much it typically costs.
After a few months of doing price comparisons, you will be well acquainted with the price per ounce of cheerios, you will know exactly how many weeks from now that Jif peanut butter will go on sale again, and the best price per pound of chicken will become engraven on your soul FOREVER.
Then, when there is a great sale, you will not hesitate to just jot it down on the grocery list, or throw that puppy right into your cart.
But it takes some practice to get there.
So when you are starting out, or when you move to a new place with different price points, it is best to create a price list.
How to Easily Create a Price List
Save your receipts from each shopping trip and write down each product and how much you paid for it.
Make note of price per ounce or pound to help you easily compare it to a sale price.
Do this for a few weeks and you will have a list of all the products you typically buy.
You can take your price list to the store with you as one more weapon in your arsenal against the tricky sales pricing of the grocery store.
You could put your price list in any old notebook or create an excel page- depending on how fancy you want to get. But either way, you will be saving money in no time.
How to Use Your Price List like a Boss
To help you save even more money, add a couple more columns to your price list as you go.
On my price list, I like to put 3 price columns next to each item: Price, Buy Price, Stock up Price.
The price column is the retail price, or what you can always buy it for at your favorite store. I typically try not to buy the products for that price, unless I have to.
The buy price is the typical cost of the item when it is on sale. I may buy two or three of them at this price if my stock is completely depleted or dangerously low.
But the stock up price column is the best one. It is the lowest price you have ever seen it go on sale for. It is often the price you get when you can stack a coupon or rebate on the price of the sale. We are talking 50 cent shampoo and 25 cent canned soup, here.
When you buy a stock up price item, make note of the date you bought it and where you got it. After doing this for awhile, a pattern will emerge, and you will know when it will go down to that price again.
For instance, you see that your local store has a case lot sale on pasta once every three months. So the next time it goes on sale, you know to buy a three month’s supply.
You will never have to waste money on, or time searching for, that product again because you know exactly when and where to buy it.
It’s like having a crystal ball that helps you read the future grocery sales ads. Not a very mystical choice to divine from a crystal ball, but still, very handy.
It will take time to learn what a good stock up price is for you. In the meantime, I suggest stocking up on pantry and personal care items when you can get a 50% discount.
Shoot for a 4-6 weeks supply. You can generally find another good sale on that item by then, but your mileage may vary.
With your price list in hand, you will no longer spend time at the grocery store staring at the sales tags in confusion.
You will be stocking your cupboards with food your family loves at rock-bottom prices, and easily slashing your grocery bill in half.
And it’s all thanks to your handy-dandy-crystal-ball price list. #YoureAWizard
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