How to Fight High Grocery Prices

How to Fight High Grocery Prices

In recent years, grocery prices have been rising steadily, squeezing household budgets and forcing families to find creative ways to make ends meet. The reasons for these price hikes are varied, from global supply chain disruptions to inflation and changes in consumer demand. Regardless of the cause, there are practical strategies that anyone can use to reduce their grocery bill without sacrificing quality or nutrition. In this article, we’ll explore several effective ways to fight high grocery prices.

1. Create a Budget and Stick to It

The first step to controlling grocery spending is to set a budget. It’s easy to overspend when you don’t have a clear plan for how much you can afford. Start by reviewing your monthly income and expenses to determine a reasonable amount for groceries. Be realistic, but also challenge yourself to spend less than you normally would. Once you’ve established your budget, stick to it as closely as possible. Keeping track of your spending will help you stay accountable and allow you to make adjustments as needed.

2. Meal Planning and Batch Cooking

Meal planning is one of the most powerful tools in fighting high grocery costs. Plan out your meals for the week before heading to the store. Focus on recipes that use similar ingredients, so you can buy in bulk and avoid wasting food. This also prevents impulse purchases and last-minute takeout, both of which can strain your budget.

Batch cooking is another strategy to save money and time. By cooking large quantities of food at once and freezing portions for later, you reduce the need for frequent grocery trips and take advantage of bulk buying. For instance, you can prepare a large pot of chili or soup and freeze individual servings for easy meals during the week.

3. Shop Sales and Use Coupons

Taking advantage of sales and using coupons can make a big difference in your grocery bill. Many stores offer weekly deals, which you can find in their flyers or online. Focus on buying items that are on sale, especially non-perishable or freezable products like canned goods, rice, pasta, and frozen vegetables. Stock up when your favorite products are discounted.

Coupons can also be a great tool if used wisely. Many grocery stores have loyalty programs or apps that offer digital coupons. Clip the ones that are relevant to your needs and combine them with store sales for maximum savings. However, avoid the temptation to buy something just because you have a coupon if it’s not something you actually need.

4. Buy in Bulk – But Smartly

Buying in bulk can lead to significant savings, especially for pantry staples such as rice, flour, pasta, and canned goods. However, be cautious not to overbuy perishable items that might go bad before you have a chance to use them. Bulk purchasing works best for products with long shelf lives or items you use frequently.

Shopping at warehouse stores like Costco or Sam’s Club can be helpful, but it’s essential to calculate the cost per unit to ensure you’re actually saving money. Sometimes, smaller packages at regular grocery stores on sale may be cheaper than the bulk version at a warehouse.

5. Embrace Store Brands

Store or generic brands often offer the same quality as name brands but at a much lower price. In most cases, the difference in taste or quality between generic and brand-name products is minimal, especially for staples like pasta, rice, canned vegetables, and household supplies. By swapping brand-name products for store brands, you can significantly cut your grocery bill without sacrificing quality.

6. Reduce Food Waste

A staggering amount of food is wasted each year, and reducing food waste can have a direct impact on your grocery costs. To avoid throwing out spoiled food, make an effort to use what you already have before buying more. Leftovers can be repurposed into new meals, and nearly expired fruits and vegetables can be used in soups, smoothies, or baked goods.

Organizing your pantry and refrigerator can also help reduce waste. Keep older items in front so you’ll use them first, and label leftovers with dates so you don’t forget about them.

7. Buy Seasonal and Local

Seasonal produce is typically cheaper than out-of-season options because it’s more abundant. Learn what’s in season in your area and build your meals around those items. Additionally, shopping at local farmers’ markets can often result in lower prices for fresh produce, and you’re supporting local growers in the process.

8. Consider Substitutions

If a recipe calls for a pricey ingredient, consider cheaper alternatives. For instance, if a dish requires fresh herbs, you can use dried herbs or even frozen ones, which are less expensive and have a longer shelf life. Similarly, beans can replace meat in certain recipes, providing protein without the high cost.

Conclusion

Fighting high grocery prices requires planning, discipline, and a willingness to make small changes. By setting a budget, planning meals, shopping smart, and reducing waste, you can significantly cut your grocery expenses. These strategies not only help save money but also promote a more sustainable and mindful approach to grocery shopping, allowing you to navigate rising prices with greater ease.

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3 Reasons why people do not get ahead

3 Reasons why people do not get ahead

Written by R. A., Stewart

We have heard the term “Cost of living crisis” a lot in the past few years with people struggling to make ends meet. The government is often made the scapegoat for all of this; whether it is the government’s fault or not,  taking responsibility for your own money management and the choices you  have made is the only way you will get ahead in life. There are three main reasons why people do not get ahead. Each one is explained further. I have written this with the intention of not mincing my words.

  1. Lack of vision

Life is for living but it is not cheap. Whether you are buying a car, enrolling for further information, getting married, having kids, taking out a mortgage, or retiring, being prepared financially for all of life’s stages requires saving. Having the vision to prepare for all of this will enable you to cope with the expense. A person without vision will spend their money as if there is no tomorrow. Living from one payday till the next without any thought for the future. This kind of attitude will lead you to the poorhouse.

  1. Lack of planning

“If you fail to plan you plan to fail,” as the saying goes. Making a plan for your money and putting it to work for you requires vision and discipline. It will help you to get the most out of your money. You need to decide what you are saving for and deposit that money in the appropriate account. A person without a plan is like a person on a life raft; they will go wherever the waves take them. They will spend everything they have then when some unexpected bill crops up they will borrow the money and put it on the credit card. There is a cost to this and it is called interest. 

  1. Lack of financial literacy

This has to be the number one reason why people have poor financial outcomes. A person with no financial literacy will make poor financial choices which eventually lead to poverty. Getting paid more is not a solution to poor money management skills. Getting financial education is easy and you don’t have to spend a fortune on books; your local library will have books on budgeting and investing. You will be able to find such books at your local charity store for a couple of dollars.

About this article

You may use this article as content for your blog or website. The opinions expressed are of the writer and may not be applicable to your personal circumstances, therefore, discretion is advised.

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Attention Men: Don’t let Dating Scams Destroy your Retirement Plans 

Attention Men: Don’t let Dating Scams Destroy your Retirement Plans 

Written By R. A. Stewart

Millions of dollars are lost to romance scams every year and the target of these scams are older men. This is understandable, because retired men are likely to have built their assets up by the time they reach a certain age. 

If you are at that age when you are making yourself available for dating, just be careful because not everyone who joins a dating site is looking for romance, some are scammers who are searching for potential victims. 

If you are contacted by a lady who says she is looking for a marriage-minded man then there are some telltale signs which will indicate that she is not who she says she is and rather than finding a place in your heart she has her eye on your bank account.

Here are the main indicators of a scammer:

  1. She is about 30+ years younger than you and claims that age difference does not matter.
  2. She claims she is from a European country and is working in Africa as a nurse or school teacher.
  3. She claims that she is Christian but the contents of her letter/email do not line up with Christian values.
  4. She does not dress modestly (that is putting it mildly)
  5. She asks you for money.

The fifth one is a sure sign that you are dealing with a scammer.

Once she has gained your trust she will then make up excuses for why she needs the money.

This unfortunate lady will create circumstances why she needs the money, here are some:

My late father has died and I have no money to bury him.

My child is sick and I need money for medical expenses.

I need money for the plane ticket to meet you, etc, etc, etc.

Be aware of anyone who tries to make you feel guilty in order to get you to send them money.

If she says, “If you don’t send me money, my child will die.”

What human being wouldn’t want to help someone in this unfortunate situation?

Most people will feel guilty if they do not do as the lady suggests.

She is using what is known as, “Manipulation by guilt.” It is when someone tries to get you to do something by making you feel guilty.

There is one message for all men: “Don’t give in to any kind of emotional blackmail.” 

As far as dating websites are concerned, there is no shortage of options. It is important to choose a site which is based in your own country or at least a country which has laws that protect consumers.

Don’t sign up to any site which asks you to pay to send messages. What you will be doing is communicating with women who are being paid by the site owner to correspond with men.

Losing money to fraud is both emotionally and financially damaging for victims, even more so when someone you thought you could trust is the scammer. Heartless criminals are taking advantage of people looking for a life.

About this article: You may use this article as content for your blog or ebook. Read my other articles  on www.robertastewart.com

3 Habits which can make you rich

3 Habits which can make you rich

Written by R. A. Stewart

“You don’t have to be rich to invest but you have to invest to be rich.”-Unknown

Forget the lottery, here are three habits that can make you rich beyond your wildest dreams. It does not matter how old you are, how much money you currently have in the bank, or whether you have any experience at investing. If you can look beyond your own personal circumstances and develop these three habits then you are well on your way to financial success. 

So you may be wondering what is the magic formula for financial success?”

Number one habit to develop is:

The Habit of Saving.

Simple, isn’t it. You simply spend less than you make and whatever is leftover is your excess.

All of us have an ordinary savings account where our payment from whatever source goes into. This really should be named a spending account because we spend money from this account using our bank card. It is a good idea to transfer money into another account which is used for saving up for whatever it is we are saving for and this account should not be linked to internet banking where scammers are able to access it.

Saving money gives you financial security and enables you to cover the unforeseen emergencies which crop up from time to time. Medical and dental emergencies, car and household appliance repairs can be expensive so having savings behind you cushions you against these kinds of shocks.

Saving also enables you to reach your financial goals and helps you to become wealthy.

The Habit of Investing

Most people are able to save something from their pay packet but comparatively few people invest that money. For those people their savings becomes spending money. In the end these people have nothing to show for their years of toil and their options are limited due to their lack of finances. 

Investors on the other hand have more options available to them later in life because finances are not a problem. 

The habit of investing also increases your financial literacy which in turn helps you to make better choices when deciding on where to invest your money. 

This reduces financial stress, increases your independence, and prepares you for retirement.

The Habit of Reading

Reading books increases your knowledge. The habit of reading books of a financial nature will increase your financial literacy. It is a fact that most people are not financially literate. They may know how to negotiate loans and how to get a credit card but people who are intelligent do not purchase stuff on credit because they know that it only means paying more for whatever they are buying.

You do not have to spend too much money buying books when your local library has good books available. You might also pick up some good books at your local charity store.

On the internet you can find lots of useful information on personal finance. Ask chatgpt to provide some answers to any questions you have or go to quora.com which is a question and answer site. You need a gmail address to register with quora.

About the article

The information in this article is of the opinion and experience of the writer and may not be applicable to your personal circumstances, therefore discretion is advised. You may use this as content for your website or ebook.

Read my other articles on www.robertastewart.com

Investing with Sharesies is an accessible and straightforward way to invest in the stock market. By following these steps, you can get started on your investment journey and start building your wealth. However, before making any investment decisions, it is essential to do your research and seek professional advice if necessary.

 Join Sharesies here

Book Review: Rich Dad Poor Dad 

 

Written by R. A. Stewart

Rich Dad Poor Dad by Robert Kiyosaki is one of the best selling finance books of all time. It tells the story of two Dads in his life, his biological father who he called “Poor Dad” and his friend’s father, who he called “Rich Dad.” 

His Poor Dad worked diligently all of his life but could not get ahead, his Rich Dad was smarter with his money and was rich. The Rich Dad mentored Robert and helped him become financially literate.

It is not how much money you make but rather what you do with it after you make it and that is the basic theme in this book.

 

In the book, Robert focuses on getting rich through financial literacy, investing, and entrepreneurship.

The most important lesson is to know the difference between assets and liabilities. Kiyosaki reminds readers several times throughout the book the importance of building up your assets and minimizing your liabilities in order to build up your financial portfolio. He makes the point that many people mistakenly think they are acquiring assets when in fact they are accumulating liabilities. A perfect example is of a house which though it may be a family’s biggest purchase during their lifetime is a liability because it costs money to keep and maintain.

Kiyosaki also stresses the importance of a financial education and claims that the education system does not teach financial literacy to the detriment of children.

The book also explains the concept of having money work for you instead of working for money. Poor Dad had the working man’s mindset of working a set number of hours per week for money while the Rich Dad focuses on acquiring and building assets which generate an income.

Writing Style

Robert Kiyosaki writes in a way as though he is a mentor to his readers rather than if he was simply writing a textbook which resonates with so many readers.

The book has had its critics though, one is that it is too simplistic with not enough actionable advice on how to create and build wealth. It has also been criticized for focusing on financial gain and little emphasis on the social or environmental impacts of wealth building. 

Kiyosaki’s dismissal of education does not resonate with everyone who values the education system. He does highlight the shortcomings of the education system, but his message is not going to go down well with parents who are trying to encourage their children to focus on their school work.

Conclusion

Rich Dad Poor Dad is certainly a very good book as far as improving your financial literacy is concerned, but the information needs to be applied according to your personal circumstances. I have no hesitation in recommending Rich Dad Poor Dad as a must read for anyone wishing to get ahead in life.

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The cost of a high lifestyle

The Cost of a high lifestyle

Written by R. A. Stewart

There is a huge cost attached to living a luxury lifestyle and this cost will be felt sometime into the future. It is when some of life’s big ticket items will crop up and unless you are prepared for them you will most likely end up borrowing to pay for them. This means that you will be paying interest for such items which means that you will be paying more for them than you should.

I remember as a teenager we were helping a neighbouring lifestyle farmer build a cattle yard. The farmer’s name was Jack, an Irishman. He wanted the cattle yard to look nice but Dad said to him, “There is no profit in having a cattle yard that looks nice.” 

On another day, we went out to Jack’s place to spread fertilizer. It was superphosphate. Dad, my brother Jimmy, and I were there and Dad said to Jack, “I have three fertilizer spreaders in the back of the van.” Jack with a curious look on his face, replied, “Let me see them”.

Dad opened the van door to reveal three shovels. Jack saw the funny side.

We then went about spreading superphosphate around the paddocks.

Why spend more money than is necessary on whatever task you are involved in.

Years ago I was working in hospitality in one of New Zealand’s tourist hotspots (Franz Josef Glacier) when the Head chef drove to the hotel we were working at in a brand new car. A colleague told me that he had bought it for $20,000. My response to that was, “If that was me, I would have bought the cheapest car and invested the rest of the money.

There is a cost of living a champagne lifestyle on a lemonade budget and that cost is financial problems later on down the track. Sooner or later, big ticket items will appear in your life and these will sometimes cost you thousands of dollars. A new car, marriage, followed by children, house deposit, dental and medical bills, and retirement.

Sensible people will prepare for these things by saving a portion of their money every week and investing it in the appropriate funds.

Some people on a good salary spend every single dollar or pound they make living the kind of lifestyle that impresses other people. A flash car, flash clothes, nights out, and have little or nothing to show from working at their job.

All of this because they were living beyond their means. Learn to live modestly and life will be easier for you. This all starts when saving money becomes a habit. That money invested will grow your wealth and when life’s big ticket items comes along then you will be in a position to pay for them rather than borrow.

About this article: You may use this article as content for your website/blog, or ebook. 

The opinions expressed in this article are from the writer’s own opinion and may not be applicable to your circumstances therefore discretion is advised. Read my other articles on www.robertastewart.com

 

What does your Financial Future look like?

Written by R. A. Stewart

Your future is fully dependent on today’s actions. As far as finance is concerned, it is important to know where you are going and decide on a strategy to get ahead in life. You may be working at a minimum wage job doing menial tasks but you can still develop a plan for your financial future. It is not how much you make but what you do with what you receive in your paypacket that counts.

Look at everything you spend and take a long term view of it. I know some people who take lottery tickets every week. If you are just taking the basic ticket for a power ball, it costs $12. That is around $600 per annum.Think of what can be done with that.

Take a moment to think, “What can I do today that my future self will thank me for?

I can tell you now, that there will be no one who will reach the retirement age and regret that they contributed to a retirement scheme all their lives.

It is the same with financial education. It will enable you to make the best choices for your money. Financially illiterate people tend to fritter their money away on things and then when the car breaks down there is nothing in the kitty to fix it. No one is going to regret that they gained a financial education.

You don’t have to be rich to invest, but you have to invest to become rich. Most people think, “I will do this or that when my ship comes in,” but that day never arrives. 

Building a solid financial base requires planning. Joining a retirement scheme is a must. Developing the saving habit is important. The sooner the better. It will then make life easier further on down the track.

Young people have the advantage of time on their side. This means that there is more time for them to recover from a financial hiccup such as a share market meltdown. Financial experts advise the older generation, particularly, the retired ones to be more conservative with their investments. This means taking on less risk. New Zealand financial advisor Frances Cook has a formula for working out how much investors should have in the share market. She says, “Subtract your age from 100”, so a 65 year old, according to her formula should only have 35% of their savings in the share market.

I do know of older people who have a much higher percentage of money in the markets than they should do according to Ms Cook’s formula. I am one of them.

As long as one knows the risks that they are taking on and will take responsibility for any losses that may occur instead of pointing the finger at others when something goes wrong, then why not go for it?

The main thing to remember is that if the loss of your money is not going to cause you any hardship, then by all means take some calculated risks.

Everyone has their own personal circumstances as far as finances go; there is no one size fits all. It is a matter of deciding what your priorities are and what you are going to sacrifice. 

About this article: This article is of the experience and opinion of the writer and may not be applicable to your personal circumstances therefore discretion is advised. You may use the article as content for your ebook or blog.

Read my other articles on www.robertastewart.com

Factors which determine your Financial Priorities

Written by R. A. Stewart

Everyone has their own life to live and what this means is that everyone has their own unique set of circumstances which determines how they spend their money.

It is called setting priorities and there is no one size fits all when it comes to designing a life. As far as money is concerned, setting priorities is what we all do even if we are not consciously aware of it.

There are several factors which determine how you are going to spend your money:

The main ones being:

Your income level

The cost of living

Your health

Your age

Your marital status

Whether you have children

Your debt level

Your money goals

Your risk profile

The choices you make will have a major influence on your financial priorities. It is no secret that many people are simply broke because they have made wrong choices in life, not only how they spend their money but made some major mistakes such as getting involved with the wrong person or having kids out of wedlock. Having to pay child maintenance if your ex-partner or ex-wife is the one taking care of the children is going to kill off any chances you have of getting ahead financially.

If you are young, single, and smart, you will afford this kind of a life and live a prosperous life.

Age is a major factor in determining your priorities. Someone aged in their 60s will have different priorities than a person in their 20s.The young ones will be able to take more risks with their money because they have more time to recover from  a financial setback such as a share market tumble. A 65 year old is not going to set goals with a 30 year deadline but the twenty and thirty somethings do this all the time when they take out a mortgage.

There are several factors which will hinder your chances of any kind of financial success. Smoking, drugs, alcohol, and debt are the main ones. It is sad that some folk will prioritize their spending on cigarettes rather than buying good wholesome food for their children.

As far as these things are concerned it is important for the young ones in particular to make decisions which their future self will thank them for. I mean, honestly, I can thank my younger self for not taking up this disgusting habit. Another decision which I can thank my younger self for was my decision to join and contribute to a retirement savings scheme. In New Zealand it is called Kiwisaver.

About this article: This article is of the opinion and experience of the writer and may not be applicable to your personal circumstances therefore discretion advised. You may use this article as content for your blog or website.

Read my other articles at www.robertastewart.com

Giving your money a job to do

Written by R. A. Stewart

It is one thing to earn money, it is another thing altogether to ask your money to do likewise. Most people know how to earn money from whatever job or career they have but fewer people know how to invest their money in order for their money to work for them. 

It is not just a matter of investing in this or that and expecting your wealth to increase, there are factors which must be considered and this will determine where you should invest your money.

It all boils down to your timeline. If you are investing for the long term, that is 10 years or more then growth funds may be your best option. The reason for this is that if there is a major market downturn then there is more time to recover from such a setback. If it is the short term you are investing for then you need to be more conservative otherwise, you may find that a major market plunge may reduce your savings just when you need the money.

Your investing strategy is dependent on your priorities and everyone’s priorities are different, therefore, don’t be talked into investing in something by well meaning friends who may not be on the same page as you are as far as investing for the future goes.

Saving and investing are good habits to develop and the earlier you start the better off you will be, not just in terms of increasing your wealth but also increasing your financial literacy. There is no substitute for experience and this can only be acquired by getting involved in the markets.

Fortunately, in this day and age, investing in the share market has been made easier for the man and woman in the street with all of these online investing platforms such as sharesies in New Zealand and Australia and Hatch in the US. There are a lot of others such as robin hood in the US.

A person who has their head screwed on the right way will have established clear financial goals and a job for their money. Here are some of the money goals which are quite common:

An emergency (rainy day fund)

Saving for a car fund

Saving for a house deposit fund

Saving for your retirement fund

Saving for an overseas holiday fund

Saving for an investment portfolio fund

On that last one. If you are building an investment portfolio .you are able to drip feed money into an investment rather than saving until you have say, a grand, before investing a lump sum into an account.

The advantage of investing a little bit into the markets regularly, whether that is every week or two weeks is that you will purchase shares or units at a lower price when the markets are down.

This is all some food for thought for those just starting out on their investment journey.

About this article: This is of the opinion and experience of the writer and may not be applicable to your own personal circumstances therefore discretion is advised.

You may use this article as content for your blog/website, or ebook.

Check out my other articles on www.robertastewart.com

10 Oldest Public Listed Companies in the World

Written by R. A. Stewart

I have seen the list of the world’s oldest publicly listed companies on the stock exchange, and it makes interesting reading and there may be some kind of lesson and conclusions which we can draw from the list. 

Here are the top ten on that list.

1 GSK Plc

GSK is a British multinational pharmaceutical and biotechnology company with global headquarters in London. It was established in 2000 as the result of a merger of two other companies, Glaxo Wellcome and Beecham PLC. They were also the result of a merger of a number of pharmaceutical companies.

2 NatWest Group Pl

NatWest Holdings is based in Edinburgh, Scotland. Services provided are personal, business, and investment banking, insurance, corporate finance, and more. Subsidiaries include the Royal Bank of Scotland and the Ulster Bank.

3 Birkenstock Holding Plc

Birkenstock is a footwear manufacturer. They invented the footbed. The company was founded in 1774 and has its headquarters in the United Kingdom.

4 Inter-Continental Hotels Group

Inter-Continental Hotels Group is a British Multinational hospitality company with its headquarters in Windsor. It is listed on both the London and New York Stock exchange. Inter-Continental’s subsidiaries include Holiday Inn, Hotel Indigo, and Kimpton Hotels and Restaurants.

5 Takeda Pharmaceutical Company

Takeda is a Japanese Multinational Pharmaceutical company. It is among the top 20 Pharmaceutical companies in the world. It was founded in Osaka in 1781 and has its headquarters in Tokyo.

6 Bank of America Corporation

Bank of America is a multinational investment bank and financial services holding company which is based in Charlotte, North Carolina. It also has headquarters in Manhattan. The company was formed in 1998 as the result of Nation Bank’s acquisition of Bank of America. Its roots date back to 1904 when the Bank of Italy opened in San Francisco and eventually became the Bank of America.

7 The Bank of New York Mellon

BNY is an investment management and services company. They help individuals and institutions invest in America and worldwide. Bank of New York was originally founded in 1704.

8 Cushman and Wakefield PLC

Cushman and Wakefield PLC is a real estate services firm. It is among the world’s leading real estate firms. It is based in Chicago, Illinois. The company was founded in 1917.

9 Cigna Corporation

The Cigna Group is a multinational managed healthcare and insurance company based in Bloomfield, Connecticut, USA. It was founded by the Insurance company of North America in 1982.

 

10 State Street Corporation

State Street Corporation is a global financial services company with headquarters in Boston, USA. It was previously called the Union Bank which originated in 1792 making it the second oldest continually operating bank in America.

Banking/finance companies feature four times on this list. It is an industry which is considered recession proof. Pharmaceutical companies feature twice on this list while shoe manufacturing and a hotel chain have also made it on the list. It is important to realize that industries which rely on discretionary spending money for their revenue are always going to be vulnerable during downturns in the economy. This all provides some food for thought with these companies having stood the test of time.

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