doing fifo financially smart

ACORN LIFE PATH

7 GLADALAN WAY, PIARA WATERS WA , 6112
P: 1300 309 012 M: 0459 111 890
Ruth@AcornLifePath.com.au
www.acornlifepath.com.au
  • Saving Money on your Groceries
  • Contact
Who here likes shopping? Not me. But according to some surveys we apparently spend on average 139 hours, 55 minutes shopping every year. It means that we spend one-and-a-half days a month shopping! I am not a big fan of shopping, unless you take me to a kitchen shop. Ok I admit it, my kitchen has most gadgets possible in it and yes I do use them. So does my husband – we both love to cook. Another necessary ‘evil’ we cannot escape is grocery shopping. It is not that I mind buying groceries. It is just that I probably spend more time in the supermarket than the average person does. I like to read the labels and compare different products and of course prices. Where do the products come from? How much sodium does this bag of chips contain? How about saturated fats?

Then there are hundreds of choices to make…

Which eggs to buy? Local? Cage-free? Vegetarian-fed? Organic? Omega-3-enriched? Sometimes it is simply overwhelming. And on top of all this, there are prices and specials to consider.

Looking for tips and tricks on how to save money on the groceries, I stumbled upon a lot of psychological studies that supermarkets and marketers use to convince us, their customers, to fill their shopping trolleys with groceries they don’t really need.It turns out, Grocery Shopping Psychology is a real science and that our consumer brain can be manipulated into buying more.

I thought that I would share some of them with you to help you save money, free up more time and make smarter choices when going shopping. Use these tips to outsmart the store.

  1. Take a shopping basket instead of a cart. It might not be as comfortable as pushing a cart, but this is the whole point. Studies show that the bigger the cart, the more we buy, and the more time and money we leave in the supermarkets. In fact, the size of the cart can make us buy an astounding 40 percent more than we usually do. It’s not as if we need the extra items, but larger trolleys trigger our primordial need to hoard food.Evolutionary speaking, we’re hardwired to avoid starvation by storing extra food. So, if our shopping cart looks half-empty, we will fill it.On the other hand, when you carry a basket with you, you quickly realise that you don’t need to buy more than you can carry.
  2. Don’t start your shopping with discounted products or ‘2 for 1 offers’. Have you ever noticed that the cheaper items are usually placed in the front of the store? That’s because marketers have discovered that if the first product we buy seems cheaper than we initially expected, we let our guard down and purchase more, regardless of subsequent prices. Sneaky isn’t it?
  3. Eat, before you go shopping.This is a common-sense suggestion, but I know I and many of my friends do not always follow it. We often buy groceries on our way home after work, when we are usually pretty hungry. However, a scientific fact is that when we are hungry, we tend to buy more, because everything looks good. Research also demonstrates that when we are hungry, we tend to make decisions with the emotional part of our brain, instead of thinking rationally.
  4. Bring a list and STICK to it! Most supermarkets are designed in a way to make us meander. This is the reason why products like milk, cheese and butter are usually located in the farthest corner of the store. The logic is pretty simple, the more products we are exposed to the more we buy. One way to avoid needless walking is to prepare a grocery list and actually stick to it, making sure you don’t buy anything else.
  5. Get critical when comparing prices.Since we cannot analyse all the prices we see, what we usually do is compare prices on common products such as milk, eggs, and toilet paper. Marketing experts know this so they decrease the prices of these products and increase the price by 10% on everything else. We don’t notice this, because we think that if milk is cheap, toilet paper is cheap and bread is cheap, than we are getting a great deal on all our products.
  6. Do not bring the kids with you. Children do not have a ‘skepticism filter’ so they are much more sensitive to bright packages and marketing tactics. You have probably noticed it yourself, when you go grocery shopping with children, you buy more. And they might not even eat everything they asked you to buy.
  7. Use cash instead of credit card at checkout. Subconsciously credit cards mean an unlimited amount of money to our mind. Emotionally, it is much easier to swipe your credit card once than part with a $100 note. This is why experts suggest that when we pay, be it for groceries or a new outfit, use cash. Because when you see $50 bills disappear out of your wallet, you instantly become shopping-conscious.

Do you have any tips you would like to share with us? Please feel free to let us know and we will post them.

------------------------------------------------------------

Written By ACORN LIFE PATH

Specialising Australia Wide in:

    How to Contact Acorn Life Path

    ADDRESS

    Upgrade Your Listing

    Piara Waters WA 6112

    OTHER INFO

    Phone 1300 309 012 Mobile0459 111 890FacebookFacebooklinkedInlinkedInWebsiteAcornLifePath.com.au

    GET IN TOUCH

    *
    *
    *

    Please choose hammer

    helmet
    truck
    spanner
    boot
    hammer
    Send Message
    *



    Y Fronts teaser banner MiningLink prefered resume writers Civil Link Banner
    EOI Final Trim Grader Operator
    We are currently seeking expressions of interests from experienced grader operators for tailings dam project in Boddington.

    Supervisor Warehouse
    Reporting to the Superintendent Warehousing, within the Warehousing & Inventory team this role is responsible for the operation of the Warehouse to provide materials to site customers safely

    Kalgoorlie Technician Maintenance
    Nickel West Kalgoorlie is seeking three (3) experienced Maintenance Technicians (Mechanical Fitter's) to join the MN20 Services Workshop Mechanical Maintenance team

    Excavator Operator
    The team at Stellar Workforce would like to hear from experienced coal mining Excavator Operators

    Experienced Dump Truck Operator
    The team at Stellar Workforce would like to hear from experienced Coal Mining Dump Truck & Loader Operators. You will be working with our highly reputable client based out of Dysart.

    Union Calling On Large Companies To Offer More Apprenticeships
    It is believed by the Australian Manufacturing Workers’ Union state official, Jason Lund, that unless major employers like mining companies offer more programs to train new workers for permanent ....

    Tasmania's Henty Mine Pours Its First Bars Of Gold
    The first gold has been poured at the Henty Gold mine on Tasmania’s west coast since it has returned to production. The mine returned to production last year when it was bought by ....

    Deal Between Alcoa And AGL To Keep Portland Plant Operating
    A generous new electricity supply deal with AGL has come through with Alcoa’s Portland aluminium smelter, ensuring the troubled plant is likely to stay open. Alcoa and AGL reached an agreement ....

    WA Uranium Mine Gets Government Approval
    Canadian mining company Cameco’s Yeelirrie uranium project in the Western Australia’s mid-west has been approved by the West Australian government. Last August the Environmental Protection ....

    Petrol Prices Jump Due To Reduced Production In Crude Oil
    Premium fuel prices have jumped to as high as 166.9 cents per litre in Mudgee due to a reduction in crude oil production. The cheapest price for unleaded in Mudgee according to the state ....