Category: Saving Money 101

Saving 101: Save On Food Costs

Saving 101 Food Costs

We continue our series on ways to save money by focusing on food costs this week.

Eat In More, Eat Out Less

Savings: $10’s to 100’s

It is a simple fact that it costs a lot less to make something yourself rather than eat it out. Even the bulk food purchases that a restaurant may make, does not offset the cost of running a restaurant (employees, building, overhead, etc…). It also doesn’t offset their profit. If you are used to the rich, flavorful and even exotic foods from eating out, it may be hard to make the change and eat in. If the budget still allows, you can make the change gradually vs. cutting yourself off completely. I will admit, this was a hard one for me. I have learned over the years how to make a lot of ethnic foods, but there are some I can not master. 

Example 1: A young couple with 2 incomes used to eat out 2 or 3 times a week. They were spending about $100 a week this way (about $400 per month). When one of the their schedules were reduced to ½ time, they cut back to eating out 1 day a week. This way, they were only spending about $25 to $40 a week, cutting the budget by more than half.

Example 2: A couple starting a family reduces down to the husband as the sole provider for the family. They were eating out about 1 time a week (about $120 per month) and they cut back to eating out once per month (about $30 per month). 

Compare Store Prices

Savings: $10’s to $100’s

It is pretty surprising how much prices can vary on an item between stores. Even in your favorite discount or bulk store, the price for certain items may not be the best or lowest. Keeping track of the prices of items only takes a couple of minutes after every shop. Then, every time you shop, only purchase the items from the store you are at that has the best price for the item.

Example: Here is a spreadsheet of some items, with prices tracked per store:

  Costco   WalMart   WinCo  
Alfalfa Sprouts            
Alfredo Sauce Mix            
Apples – Fuji 9.29 for 5.5 lb

$1.69

    1.28 per lb

$1.28

Apples – Gala     3.22 for 3 lb

$1.07

4.98 for 5 lb

$1.00

Apples – Pink Lady         .98 per lb

$0.98

Avacado     .78 each

$0.78

.88 each

$0.88

Baby Wipes 15.49 for 704 wipes

$0.02

7.97 for 288 wipes

$0.03

   
Baking Powder – No aluminum         2.51 for 10 oz

$0.25

Baking Soda         1.87 for 4 lb

$0.47

Bananas 1.39 per 4 lb

$0.35

.48 per lb

$0.48

.48 per lb

$0.48

Bean Sprouts         .98 for 8 oz, lb

$1.96

Better Than Bouillon         2.88 per jar

$2.88

Blueberries            
Bread – Bagels 4.49 for 12 bagels

$0.37

2.00 for 6

$0.33

3.48 for 12 bagels

$0.29

Bread – Buns     1.14 for 8 buns

$0.14

.87 for 8 buns

$0.11

Bread – Loaf – No Corn Syrup 3.89 for 2 loaves

$1.95

2.50 per loaf

$2.50

2.28 per loaf

$2.28

Bread – Puglaese 4.49 for 2 loaves

$2.25

    1.68 per loaf

$1.68

Bread – Sandwich Rolls 1.89 for 36 oz, lb

$0.84

       
Broccoli            
Butter 7.69 for 6 lb

$1.28

1.98 for 1 lb

$1.98

1.66 for 1 lb

$1.66

So, when you go to Costco, only get baby wipes, bananas, loaf bread and butter. At WinCo, get your apples, bagels, and buns. You don’t have to go to multiple store in one week if you don’t have the time, just stock up on a couple of weeks or a month supply at the one store each week. Many things can be frozen for weeks at a time.

NOTE: I originally wrote this for my old blog 4 years ago. I don’t maintain this list anymore as it is mainly in my head. Note that some of the prices aren’t available much anymore. 

What is your best way to save on food costs?


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Saving 101: Purchasing From Community Vs. Corporations

Saving 101 Purchase From Commnity

As we last read in our Saving 101 Series, many people have had success saving money by moving from large cities to smaller, rural communities. This week, we find some more benefits of living in a rural community or at least further from town and closer to land where food is raised and grown.

Rent From Individuals vs. Corporations

Savings: $100’s

If someone needs to rent vs. purchase a home, it has been noticed that one can generally save money when renting from an individual vs. renting from a corporation. There is also usually more personal attention and the ability for more flexibility with what one can do with the property, which may lead to other savings down the road.

Example 1: A family that moved from a major metro area to a small metro area found that another family was going out on the mission field for a year and needed renters. The Missionary family is renting the 4-bedroom farmhouse, on a multi-acre farm, for only $650 a month. However, one of the bedrooms has the stored belongings of the family out on mission. This is a place that should be renting for about $850 or more per month.

Example 2: The landlords of another family (we will call them family A) also own the house next door to family A. The house has been vacant for a while. When some friends of family A moved to town (we will call them family B), the landlords were willing to rent the house to them. For only a couple hundred dollars a month plus some upkeep on the house, family B have settled in and are very content with their place.

Steaks and Roasts for $2 to $5 per Pound

Savings: $10’s

You do not need to pay $5 to $10 a pound for roasts or $10 to $20 a pound for organic, grain fed, free range beef steaks. There are Internet sites that can hook you up with “local” farmers (even if “local” turns out to be a couple hours away). Some farmers post on Craigslist (Craigslist.org) or FB Groups when they have meat available for sale. Since you are purchasing in bulk, it would be worth the drive to get 6 months of meat for about half or less than what you would pay in the stores.

Example 1: A family found a cow at auction, within a reasonable drive from town. They went in with another family, purchased the cow, and sent it off to be butchered. The total cost of the meat per pound was about $3.25, including all kinds of cuts of meat.

Example 2: Purchasing $50 to $100 of meat at a time and freezing the bulk of it, a family found a local farmer about 1 hour drive from the city and purchased meat from him as follows: $2.50 per lb for ground, $3.50 per lb for roasts, $4.50 per lb for steaks.

How have you been able to save money by being plugged into your local and/or nearby rural community?


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Saving Money 101: Saving By Moving

Saving 101 Save By Moving

If you are just starting out on how to simplify your life and save money, or even if you have been living a frugal life for awhile, the tips in the Saving 101 series are foundational tips meant to help you think about how to save money, and give practical examples, in each area of life.

#1 – Move to a Less Expensive Area – Housing

Savings: $100’s to 1000’s

By moving just 30 to 60 miles / minutes from a major city, one may be able to save $100’s of dollars a month for rent or $1000’s of dollars off of the price for a house.

Example 1: A family moved from an upscale suburb of a major city to a lower scale suburb of the same city, about 30 minutes further from the city. The rent there is $300 a month less on average. The commute cost increase was $60 to $80 per month

Example 2: Another family moved from a very large metropolitan area to a smaller, but still metro area. The commute is about the same (cost wise) and the wage is about the same. However, a comparative house is about $300,000 less in the smaller metro area. This is our example from moving from Seattle to Boise. You can purchase a good house in Boise suburbs for $100,00 / $150,000. Houses in Seattle don’t come under $300,000.

#2 – Move to a Less Expensive Area – Utilities

Savings: $10’s

One lessor know way to save money in utilities is to simply move to a sub-burb from a major city or to move to a less expensive state. There are maps available (just Google or Bing) that show the average cost of utilities by major metropolitan areas.

Example 1: The family that moved from the upscale suburb to the lower-scale suburb saw about a 50% decrease in Water, Sewer, and Garbage. They also saw about a 25% decrease in Power & Heating.

#3 – Move to a Less Expensive Area – Food, Gas, Necessities

Savings: $100’s

Generally, the cost of food, gas and necessities goes down as one moves farther from the city centers and moves more into the rural parts of the country. However, savings can also be achieved, for those who want to stay in the major cities, by making planned day trips to the further out areas and stocking up at the markets in the rural areas. Also, there are many things that may also be purchased online for less than found in the stores in the cities.

Example 1: While still living in a major city on the coast, plan a day trip to do the bulk of the shopping for the month. This could include driving two hours to the local farming community to pick up meat, grains, produce, honey, etc… then driving back towards town 1 hour and stopping at a Costco, Walmart, Discount Grocery Stores, etc… for the needed non-perishable items for the month.

Have you ever moved to save money? Share your story with us!

Subscribe to: A Simple Life Too (see the bar at the top or on the right) to get the next installment in the Saving 101 series.


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