As we forge head first into winter, experts are saying that some common food items are going to cost more. The prices of oranges, bacon, chocolate, cheese, deli meats, chicken, butter and pasta are predicted to increase due to environmental issues like disease and drought. Follow these steps to beat the rising prices of food.
1. Stock up during sales – Check your supermarket’s website or weekly ad to find out which nonperishable items are on sale. If you have room to store the items, buy them whether you are out of them or not to avoid a price hike in the future.
2. Buy the store brand – Most brand name items are pricier than the generic store brand. It is time to reconsider your brand loyalty for the sake of saving some cash.
3. Coupons – Clipping coupons no longer requires a few hours with scissors in hand. Most stores make it easy to find coupons online or through the store’s app. Many stores offer exclusive discounts via their app!
4. Shop local – If you are doing your grocery shopping at a store that is pricier than others, you will feel an even bigger blow when food prices spike. Consider switching to a lower-priced store for your everyday needs and working in trips to other retailers that have better prices for specific items.
5. Find alternatives – Many items get more expensive because they are out of season. Substitute vitamin C-rich fresh fruits with vegetables like kale, broccoli and Brussel sprouts that are in season. You can also beat the cost of rising meat by avoiding the pricier cuts like steaks, pork tenderloins and skinless chicken breasts.
You don’t need to break your budget at the grocery store this winter. With some thoughtful planning and adjustments, you may actually lower your bill! At Alpine Bank, we encourage you to lay out your finances at the beginning of the season and plan ahead to ensure you are fully prepared. Alpine Bank can be reached at (815) 398-6500 or stop in at one of our locations! We hope to serve all of your financial needs