Daily Archive for "Monday, January 19th, 2009"



General Josh on 19 Jan 2009

Blog Carnivals

Centsability to Wealth was featured on two different blog carnivals today.

Penelope Pince at Pecuniarities hosted the Carnival of Personal Finance no. 188 and featured Centsability to Wealths article on insurance.  Penelope is also holding a 2009 Financial Resolutions Contest which offers a chance to win a subscription to the Wallstreet Journal, so check it out.

The  Carnival of Debt Reduction no. 175 was held at No Debt Plan and featured Centsability to Wealths article on strategies for paying off debt.

On top of articles from this site, these carnivals feature excellent articles from several other personal finance blogs, so check it out and mention any that your particularly like here.

Frugality Josh on 19 Jan 2009

Grocery Shopping- Making a List vs. Not Making a List

Grocery shopping is one of my largest monthly expenses.  In a typical month, my Fiance and I will spend right around $300 on groceries and food.  On top of the money, I absolutely despise the shopping itself.  I hate searching for a parking spot.  I hate fighting the other shoppers for positioning.  And I hate waiting in the check out line.

Suffice it to say, I’m open to anything that will make grocery shopping less expensive, and equally important (to me), less time consuming.  Since in the past shopping had always been a last minute decision for us (when we were absolutely forced to go due to being completely out of food), we rarely went prepared with a list of what we actually needed.  As a result, we came home with more “impulse” items that we didn’t actually need.

I decided to run a little experiment comparing how much time and money it cost us to go shopping first without a list, then with a list.  Both shopping trips were done with our cabinets and refrigerators virtually empty, meaning we needed the same amount of food both times.  Here are the results of both trips:

Grocery Shopping Without a List

Total amount of money spent- $114.47

Total time spent from moment entering store to moment arriving in checkout line- 49 minutes

Number of days until next shopping trip- 12 days

Grocery Shopping With a List

Total amount of money spent- $108.08

Total time spent from moment entering store to moment arriving in checkout line-  27 minutes

Number of days until next shopping trip- 16 days

Verdict

Making a list wins this competition in a landslide victory.  Overall, making a list saved us $6.39, 22 minutes and the food lasted four days longer.

On top of that, the food we purchased with a list led to more actual meals (as opposed to living off Ramen Noodles and mac and cheese for the last few days between trips) and less junk food purchased.

I know making a list before going grocery shopping isn’t a novel idea.  I’d guess it is one most people already use to some extent.  But this little experiment was proof to me they do save you money and especially time.  If you don’t already make a list before shopping, try it out.  The results will amaze you.

Our next step in decreasing our grocery costs is to start clipping coupons, something else I have never done.  I suspect that will save us significant money, but also increase the time spent shopping slightly.  I will let you know how it ends up.

Do you use a list when grocery shopping or have any other tips for reducing costs and time while doing it?

Please continue sending any personal finance related questions, suggestions and story tips to centsabilitytowealth@gmail.com