Monday’s Money Tip: Bringing Home the Bacon

chicken.price  300x179 Mondays Money Tip:  Bringing Home the BaconThis week’s tip is short and sweet…

When you are buying meat, try to find the package (of the type and size you want) with the lowest weight/price.  I don’t mean only get 1lb of chicken if you really need 3lbs.  I mean that when you are looking at the 3 lb chicken packages one may be $6.50, another may be $6.00 and a third may be $5.50.  Choose the $5.50 package.

The quantity is still enough to make the dinner you are planning – it has the same number of boneless chicken breasts – they are just slightly smaller than the other package.  Everyone in your family will still get their portion.  If they are still hungry they can have extra of the side dish.  Side dishes are almost always less expensive than the meat.

Adding It Up

Assume you have 4 meat meals each week and on average save $1 per package (per our example above).  That is a savings of $4 per week x 52 weeks = $208 per year.  Not too shabby!

But how easy would it be to just never see that money again?  Yes, you didn’t spend it on chicken, but once you have that extra $4 in your pocket how likely is it to stay unspent?

If you want that money to start really adding up, you need to put it into a piggy bank instead of spending it.  One way is to literally put the difference into the piggy bank each time you get home from the grocery store and consciously selected the less expensive package.  Another is to use online banking and transfer that money into your savings account after you go grocery shopping.  I’m sure there are plenty of other ways to keep that money in your pocket.

What works for you?  How do you track your savings and let it accumulate instead of being spent elsewhere?

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