According to a study by the U.S. Department of Agriculture Economic Research Service, “on average, you’ll save 12 percent on meat, 11 percent on dairy and produce, and 6 percent on grain products” when you buy in bulk. The larger portion a product has, the less you pay at a unit price.
The first step to saving money is to plan and cook more meals at home. By buying groceries in bulk, you are able to plan what you need to buy beforehand and use that knowledge to prepare a healthy meal schedule for the following week. Cooking healthier meals at home is less costly than paying for a healthier meal at a restaurant.
Buying in bulk is a great habit to build over time because it can save you a lot of money and it is environmentally friendly. You take fewer trips to the store and it’s always cheaper per unit. It is important to create a list and only buy what you need to prevent clutter and food waste of forgotten items. Warehouses that sell in bulk often create the layout of their stores to be a scavenger hunt so that you walk through the aisles and pick up things that are not on your list but you think you need.
On that note, do take into consideration the size of your household or who you are going to split groceries with to ensure that nothing you buy will go to waste. You should buy things in bulk that are not perishable such as dry and canned goods, rice, herbs, spices, frozen goods, meat and produce. Make sure to check the expiration date before you put it in your cart!
With all the money you are saving from bulk buying, you can put it towards your emergency fund, savings account, investments, or stocks. Having a financial plan helps you decide your short-term and long-term financial goals. Fear and stress from money problems can damage your self-esteem, make you feel flawed, and fill you with a sense of despair. By creating a financial plan, you can prepare for emergencies, achieve financial security and get early retirement.
According to a recent study by Harvard University, people following healthy habits were 82% less likely to die from cardiovascular disease and 65% less likely to die from cancer! Download the Lively Habits App to help you keep track of your 10 healthy lifestyle habits. Spend a couple of minutes a day to remind yourself of these healthy habits! These 10 lifestyle habits can help strengthen yourself against COVID-19 risks, illnesses, and chronic conditions. Stay safe out there!Top