In Smart Spending, By MyFinance Staff, on January 23, 2023

How to Save Money on Groceries

Grocery shopping in America has undergone significant changes in recent years, driven by a combination of changes in consumer behavior, technological advancements, and changes in the retail landscape.

One major change in the grocery shopping industry has been the rise of online grocery shopping, with more and more consumers turning to online retailers, such as Amazon and Walmart, to purchase their groceries. This shift has led to increased competition among traditional grocery retailers and non-traditional players, such as online-only grocery retailers.

Another significant change has been the increased focus on convenience and time-saving options, such as curbside pickup and home delivery. Many retailers have begun to offer these services to make grocery shopping more convenient for consumers.

The industry has also seen the emergence of new trends such as meal kits, which provide pre-measured ingredients and recipes for consumers to prepare meals at home.

Another trend is the focus on health and wellness, with more retailers offering organic, natural and non-GMO products.

Despite these changes, traditional grocery stores still dominate the market, and the majority of Americans still buy their groceries from brick-and-mortar stores. However, the share of online grocery shopping is increasing and is expected to continue to grow in the future.

Overall, the grocery shopping industry in America is facing a number of challenges, but it is also well-positioned to meet the changing needs of consumers in the digital age by offering new services and options such as online shopping, curbside pickup and delivery, meal kits and a variety of healthy options.

Average Grocery Bill in USA

As of 2021, there are a few statistics that highlight the average cost of a regular grocery bill in the USA:

According to the Bureau of Labor Statistics (BLS), the average American household spent $4,644 on food at home in 2020.

The USDA’s Center for Nutrition Policy and Promotion (CNPP) estimates that the average monthly cost of food for a family of four at the thrifty level was $836.90 in 2020.

According to a report by the personal finance website Bankrate, the average American household spends $151 to $400 per month on groceries.

A survey by the consumer advocacy group Consumer Reports found that the average American household spends $151 to $300 per month on groceries.

A report by the personal finance website The Balance, estimates the average monthly grocery bill for a family of four at $567 to $1,290.

These statistics are based on the average data and can vary greatly depending on the household’s size, location, income, dietary preference and other factors. However, it’s important to note that these numbers are based on the cost of food at home and do not include dining out, eating out and other types of food expenses.

It’s also important to note that these numbers can be affected by factors such as inflation and economic conditions, so it’s always best to double-check with the most recent data to get the most accurate information.

The cost of grocery shopping can vary greatly depending on the state you live in, due to factors such as the cost of living, taxes, transportation costs, and availability of certain products. However, as of 2021, there are no specific statistics that highlight the average cost of a regular grocery bill by state in the USA.

The Bureau of Labor Statistics (BLS) provides the average spending on food at home by households in each state, but the data is not specific to grocery shopping. The USDA’s Center for Nutrition Policy and Promotion (CNPP) also provides estimates on the cost of food by state, but again, the data is not specific to grocery shopping.

It’s also important to note that these numbers can be affected by factors such as inflation, economic conditions, and local market conditions, so it’s always best to double-check with the most recent data to get the most accurate information.

Additionally, the cost of living in each state can vary widely, and it is affected by many factors such as housing cost, taxes, transportation, and more. Websites such as the Missouri Economic Research and Information Center (MERIC) provide cost of living data for each state, including food and grocery expenses, however the data is not specific to grocery shopping.

How to Save Money on Groceries

Saving money on groceries can be a challenge, but there are several strategies that you can use to reduce your grocery bill. Some of these strategies include:

  • Make a list: Before you go grocery shopping, make a list of the items you need to buy. This will help you stay on budget and avoid impulse purchases.
  • Compare prices: Compare prices at different stores and look for sales and discounts. You can also use apps or websites that compare prices and offer coupons.
  • Buy in bulk: Buying in bulk can save you money on certain items, such as rice, pasta, and cereal. However, make sure that you will use the items before they expire.
  • Buy store-brand items: Store-brand items are often less expensive than name-brand items and are usually of similar quality.
  • Plan your meals: Planning your meals for the week can help you make the most of the ingredients you buy and reduce food waste.
  • Shop with cash or debit card: Research has shown that people tend to spend less when shopping with cash or debit card than when shopping with credit card.
  • Avoid pre-packaged foods: Pre-packaged foods are often more expensive than buying ingredients and preparing meals yourself.
  • Grow your own food: If you have a backyard or a balcony, consider growing your own fruits and vegetables. Not only will you save money, but you’ll also know exactly what you’re eating.
  • Use coupons and discounts: Look for coupons and discounts on the items you need and use them to your advantage.
  • Take advantage of loyalty programs: Many grocery stores offer loyalty programs that give you discounts or rewards for shopping with them.

By following these strategies, you can significantly reduce your grocery bill and save money. Remember to be mindful of your spending, stick to your list and compare prices, you’ll be able to save money and still have a full pantry.