You’ve heard so many
stories already about the historic drought the heartland of America is
suffering this summer. But you don’t
have a farm or a ranch, and your
livelihood doesn’t rely on rainfall to survive. So I know you’re wondering…will
the drought affect you?
In a word, yes. Where will
you feel the effects? Your pocketbook. Even though the price hikes aren’t being
felt by consumers just yet, trust me, it won’t be long before you begin to
understand just how widespread the fallout from the drought really is.
In fact, you’re likely to
see a price hike in every aisle of your grocery store. That’s because corn and
soy (the crops that have suffered the most damage) are key ingredients in the
manufacturing of most processed foods, from cereal to salad dressing—and even
paper plates! But you’ll see price increases for animal-based perishables, too.
Don’t panic—here are a few
tips and tricks to help you offset grocery store price increases:
·
Shop alone. It
cuts down on distractions and impulse buying.
·
Stick to your
list.
·
Never shop on an
empty stomach. A quick snack before you enter the store will keep you focused
on the stuff you need, not on what you crave.
·
Carry your
coupons.
·
If you’re a
senior citizen, check with your supermarket to see if you qualify for a
discount (usually 10 percent) on a certain day of the week.
·
Buy a larger-size
item only if the unit price indicates that it’s a better deal than the smaller-size
package.
·
Buy generics.
“Premium” store brands are comparable to gourmet brands, but at prices that are
25 percent less.
·
Cash is king.
Leave your credit and debit cards at home, and you’ll only be able to buy what
fits within your budget.
·
Check the circulars
and newspaper inserts every week for specials and sales.
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