How To Lower Your Grocery Bill
There you are - it’s the 25th, with another week until payday, and the refrigerator is empty. How are you going to eat? Or maybe your fridge is stocked and you are simply trying to find more ways to save money so you can attain your financial goals. Whether you are fending off starvation or looking to save, the grocery bill is one of the best places to start if you’re looking to cut corners. If you are in the first scenario, we’ll also show you how you can secure emergency finances through fast payday loans, Kentucky.
Make a Budget
Budget! Everybody cringes when they hear the word but saving money on the grocery bill means making a plan, and a budget is just another word for a financial plan, so let's start there. In order to budget properly, it is crucial that you distinguish the items you want from the ones you need.
Want vs. Need
These days it seems like everything you see tells you to buy more and the grocery store is no exception. Take a moment and think about all the groceries you bought last month. In fact, take out a piece of paper and write down all the items you remember purchasing at the local supermarket.
Chances are, the items that pop up among the bread, milk, and eggs are things like Twinkies, chips, beer, ice cream, etc. There’s probably not much thought going into it, after all, we establish our daily eating habits early in life. We get home after a long day of work and we go to the kitchen to refuel.
The items we purchase every day tend to reflect the stuff that brings us comfort, and what we eat is the same. With a little consideration, it’s easy to start distinguishing the items you absolutely need (some of these items give us comfort too), from those you want (this is pure comfort, plain and simple). Create a budget for both.
Don’t be too severe. Let’s be real, you’re going want a treat every now and again. Just try to be conscious of the items you don’t really need and keep those purchases to a minimum. How much should you be spending on groceries each month? The wisdom of the ages says no more than 10-15% of your monthly net income. Regardless of your income, it may be helpful to know that the average person spends around 200 dollars on groceries every month.
I know it may sound funny, but a grocery list is really just an extension of your budget, and it's the next step to lowering the grocery bill. Now that you have identified your wants and you need, it’s time to make a list. Prioritize your list so you keep more funds for the items that you need and spend less on the items you want.
Start With A Plan
We can all use a few helpful hacks when it comes to saving money. Start with a plan, and plan for problems. Problems come up all the time that demand our complete financial attention and sometimes it’s hard to keep up. It’s good to know that even in times like these there are options available to keep the lights on, a roof your head, and food in your stomach.
Emergency Help Is Here
Unfortunately and despite all of your careful planning, your budget might not be enough to pay your bills and keep your fridge full, payday loans are an option that can help you bridge the gap between paychecks. Here’s how they work.
Kentucky Payday Loans
Payday loans are a short-term loan option type that allows you to leverage your employment in order to secure up to $500 for your loan. Applying for a Kentucky payday loan can take as little as 30 minutes and you’ll find out whether or not you’re approved on the same day! Here’s what the process looks like:
- You fill out a form found on the Fast Payday Loan homepage.
- Submit the form and receive a phone call from a representative to schedule a meeting.
- You’ll be asked to provide a few pieces of information for the meeting, which includes:
- Your driver’s license
- The paystub from your most recent paycheck
- A blank check to your bank account
- You’ll find out how much you’ll receive and, after filling out some brief paperwork, the money will be deposited directly into your bank account.
When it comes to keeping your fridge stocked and your bills paid, many people struggle with this from month to month which is why we make your search of finding fast payday loans near me easy because we understand that you might not have all of the time in the world to wait for a loan. Try these tips and tricks to lower your grocery bill and, when you find yourself struggling to afford groceries, payday loans can help.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.