Hi, welcome to Redeem the Commute. I’m Ryan, your host for the Money Course.

Today we’re going to talk about Supermarket savings. Some ways to save on groceries:

  • Make a list, and stick to it.
  • If you’re heading to the store for a couple specific items, avoid taking a baskets or cart. You’ll think twice about how much you can carry to the cash register!
  • Cut waste – only buy what you can eat or freeze before expiry date.
  • Note the dates on perishable products. Pay attention to Use By/Expiry Dates, but you can use your judgement on Best Before dates – those are just abuot optimal taste and quality, nto a guaranteed moment when food safety becomes a concern.
  • Learn when the best discounts can be had – like clearance produce and baked goods in the evenings.
  • Use coupons, but only on items you’d already be buying.
  • Use store brands when possible.
  • We’ve all heard this before – don’t shop while hungry!
  • Some experts say you can save up to 1/3 of your grocery costs by watching these things!

Shopping around is important and can save you lots of money. For example, I looked up the price of a Frozen DVD at four store websites.

Here are the four stores: Amazon.ca, Walmart Canada, Best Buy Canada, and HMV Canada.

Question: Put the stores in order, according to your best guess at their pricing. Who’s cheapest and who is most expensive? Pause the video or podcast until you’ve discussed, and are ready to hear the answer.

  • Most Expensive: Walmart $25.00
  • Best Buy $24.99
  • Amazon $20.99
  • Least Expensive: HMV $20.00

Did that result surprise you? I know I was surprised, and that demonstrates the value of comparison shopping! If you see this DVD at Walmart, just let it go!