How To Properly Budget for Your Next Grocery Run (2024)

Embarking on a grocery run without a game plan can feel a lot like navigating a ship without a compass — you will definitely end up somewhere, but it might not be where you intended to go.

Especially when you’re trying to manage your finances wisely, learning how to budget for your grocery shopping is an important step.

You worked hard for your money, so you should spend it wisely. Here are a few ways to make sure you get all you need (and maybe a little of what you want) without breaking the bank.

Start With What You Have

First things first, take stock of what’s already in your pantry, fridge and freezer. It’s easy to forget about that can of beans or frozen veggies lurking in the back.

By doing an inventory, you not only avoid buying duplicates but might also find inspiration for meals based on what you already have. This step can significantly reduce your grocery list and, consequently, your spending.

Plan Your Meals

Meal planning is your budget’s best friend. By deciding in advance what you’ll eat throughout the week, you can buy exactly what you need, reducing both waste and impulse buys.

Think about meals that use similar ingredients to maximize what you buy. Love bell peppers? Plan a stir-fry one night and fajitas another. This approach not only simplifies your shopping list but also makes it easier to spot which ingredients you can buy in bulk, often saving you money.

Set a Budget

Now, onto the numbers. Setting a budget might seem daunting, but it’s simpler than you think.

Start by reviewing your overall monthly budget to see how much you can realistically allocate to groceries. A common suggestion is to spend around 10-15% of your monthly income on food, including dining out.

Once you have a number, try breaking it down weekly. Remember, this is a flexible target. Some weeks you might spend less, allowing you to adjust for weeks when you might need a bit more.

Use Apps and Flyers

Before you even set foot in a store, take the time to do a bit of research.

Many grocery stores have apps that showcase current sales and weekly flyers that give you an idea of what’s on special. Planning your meals around these deals will help your dollars stretch farther.

Additionally, there are numerous cash-back and coupon apps that can lead to significant savings over time. A few minutes of digital coupon clipping before your trip can lead to surprising discounts at the checkout.

Shop Smart

Once in the store, you should stick to your list but be flexible enough to take advantage of deals. For instance, if you planned to buy chicken breasts but find chicken thighs on sale, consider adjusting your meal plan. Just make sure it’s something you’ll actually use.

Also, don’t be swayed by brands — often, the generic version of a product is just as good as its more expensive counterpart.

Avoid Impulse Buys

The siren call of the impulse buy is especially dangerous when you’re shopping on an empty stomach. Avoid this by trying to eat before you shop.

On the other hand, you could try allocating a small portion of your budget for impulsive or treat items. This way, you can indulge without guilt and without derailing your budget.

Track Your Spending

As you’re shopping, try to keep a running total in your head. Many people find it helpful to tally up their items using a calculator or smartphone app as they shop.

This can help you make on-the-spot decisions if you’re nearing your budget limit. Sometimes, this might mean putting something back or swapping a pricier item for a more affordable one.

Review and Adjust

After your grocery run, take a moment to review your receipts. Note where you saved money, where you might have overspent and adjust your plan for next time.

This reflection will help refine your budgeting skills, making each trip more efficient and effective.

The Takeaway

Budgeting for groceries isn’t just about saving money; it’s about taking control of your spending and eating habits. It can require a bit of upfront effort, but the payoff is well worth it.

Not only can you enjoy the satisfaction of sticking to your financial goals, but you can also revel in the creativity and variety that meal planning and smart shopping bring to your table.

Editor's note: This article was produced via automated technology and then fine-tuned and verified for accuracy by a member of GOBankingRates' editorial team.

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