This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

5 Food Shopping Tips For the New Year

NEW YORK ( TheStreet) -- Americans seem to have a love-hate relationship with their grocery stores. They don't like to shop, but do gain satisfaction from getting a discount on favored foods and household products.

And while they do spend an average $150 per week on food, according to a 2012 Gallup poll, 40% of all food bought in the U.S. goes uneaten, according to data from the Natural Resources Defense Council.

That's a big chunk of change to the average family, up to $2,275 annually for a family of four, the council says.

In tougher economic times, who can afford to dump more than $2,000 down the drain every year?

That's why it's helpful to plan ahead before grocery shopping, solving two problems in the process -- saving money on groceries and using all of the food you buy, which maximizes the value of your household budget.

With planning, "families can save money on groceries every single week," says Robert Drescher, CEO of Cellfire, an online grocery coupon downloading service.

Some of the site's tips are creative, and some rely on good-old common sense:

Think ahead. Cellfire says you can save some big coin by planning your meals, because then you're buying only the ingredients you need and you have ample time to look for coupons. Springpad has a good line of food planning tips on its website. Find it here.

Buy fruits and veggies "in-season." When you buy produce in season, you're getting a huge price break, Cellfire says. Here's a good list of in-season fruits and veggies by month, from Wisebread.com.

Go online for coupons. Of course, Cellfire is in the business of providing consumers' grocery coupons, but they do have a great list of coupons to choose from. If that doesn't float your boat budget-wise, try Coupons.com, which had $612.90 in total coupons savings available on Friday.

Use everything. When grocery shopping, make sure to eyeball all expiration dates and buy the items with the "latest date possible," Cellfire says. When you do have leftovers, freeze everything -- even fruits can be frozen, to be used for healthy smoothies at a later date.

One last tip: Feel free to buy in bulk, but do it smartly. Make sure to focus on nonperishable items such as laundry detergent and plastic bags, and avoid buying too much food that can spoil if you're not careful.

There's big money in the household budget to be saved if you're a smart grocery shopper. And it's easier to cook up than you might think.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,837.13 +9.38 0.05%
S&P 500 2,069.37 -3.46 -0.17%
NASDAQ 4,802.0230 +14.7060 0.31%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs