SHOPPERS can cut their grocery bill by up to $3,000 a year if they follow the savvy tip provided by a money coach.
As inflation continues to surge, many consumers are having difficulty saving money.
The latest figures from the Labor Department show that the inflation rate is pegged at 7.5% – a four-decade-high.
Additionally, food prices have spiked by 7% over the past year.
While this is eating up the pockets of many Americans – luckily there are quite a few ways to save.
On Tiktok, user “moneycoachvince,” or Vince provided one tip that can save you up to $250 a month.
Firstly, he noted a problem that many consumers go through after going shopping – and that’s food waste.
He asked: “How many times do we end up grocery shopping and at the end of the month and we got food that we waste that’s just sitting in the refrigerator?”
“The food is spoiled and there’s food in there that you know you’re not going to eat.”
How to cut your food bill
The way to avoid this? Stop going grocery shopping just once a month, Vince said.
Instead, you’ll want to go shopping every week.
“That way you get the food that you’re only going to consume for that week and it’s easier to track your spending.”
By changing your habits, Vince claimed you could save $100-$250 per month.
That translates into savings of $1,200 to $3,000 per year.
Other ways to save money on groceries
But of course, this is just one way to save money.
Stay-at-home mom Becky Guiles provided The Sun with 12 tips on how she cuts her family’s grocery bills by 60% each month.
Some tips she provided includes making a list based on your pantry, shopping at a discount store, and avoiding already-prepared foods.
When it comes to avoiding food waste, Becky recommends increasing the shelf life of your products.
You can do this by freezing as much as possible and buying root vegetables such as sweet potatoes, and carrots.
Another money expert reveals how to manage your finances in 2022.
This Bankrate analyst reveals four ways to lower car insurance premiums in 2022.
Plus, here’s how you can get discounts and gift cards if your Amazon package gets delayed.
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