In honor of the return of Supermarket Sweep, we decided that it was the right time to help you save money on groceries. A recent Gallup poll reports that Americans are spending an average of $151 dollars a week on groceries. That's a good chunk of change. Here are 5 ways to help get that grocery bill down by at least 10%, for a savings of $785 a year.
1) Ibotta - Ibotta is a free mobile application that allows you to snag rebates on groceries by uploading your receipts. Before you go shopping you select the items you need to purchase. Ibotta will have you watch a 15 second ad to trigger the coupon or have you answer a quick survey question. Once you're done shopping you will upload your receipt to the app and your cash back is deposited into your account within 48 hours. The best part is they cover generic brands and produce, and sometimes offer brand agnostic coupons. You could easily save $3 per shopping trip using a conservative estimate. While $3 doesn't sound like a ton, it's 2% off groceries and nets out to be $156 a year. If you sign-up here, you'll get a $10 bonus to start. We'll also get $5. You're the best.
2) know your score. Terms apply, because it is a credit card, and that is what credit cards do.- Heads up, this is a refer a friend link. You'll get a $250 cash bonus rather than the standard $200 offer if you spend $1,000 in the first 3 months of account opening. The Blue Cash Preferred offers the highest cash back earning rate that we are aware of for U.S. grocery stores. You'll earn 6% cash back on your first $6,000 in purchases and 1% after that. That will bring in $378.52 annually. The card does have a $95 annual fee, bringing your savings down to $283.52, which is a savings of roughly 4%. As a bonus, you'll also earn 3% cash back at U.S. gas stations and U.S. department stores. 1% cash back is earned on everything else. You'll need Excellent/Good credit to get approved for this offer, so make sure you
3) Flipp - Flipp has a variety of functions that will make your next trip to the store a little easier. First, Flipp aggregates weekly sales ads from over 450 publishers to help you stay on top of deals. You can work your way through ads and make a digital shopping list by store so you never forget the things you want to buy. As a bonus Flipp will highlight coupons related to the items you're buying. You can either clip the coupons to a loyalty card, print them out, or redeem them from your phone at the store. There's a lot going on here and to be honest this is too much planning for us. We can see how it would be valuable for some people though. Flipp could easily save you an additional $1.50 a trip, so we'll add another 1% to your savings or $78 a year.
4) Coupons.com - Coupons.com is a deal aggregator that will help you find coupons for items you plan to purchase. Coupons can be printed out, added to loyalty cards, or redeemed through offer codes online. They also have some cash back offers for a select group of retailers. Coupons.com is pretty simple to use, so there's not much explanation needed here. If you clip $1.50 worth of coupons/offers a week, you just saved 1% or $78 a year.
5) Upromise - Upromise is another coupon clipping service that allows you to add savings to a store card. It's a great way to help pay off any student loans you may have a little bit faster. If you're a parent, parent to be, or grandparent this is a great way to help add some savings for a future generation's college expenses.If you're able to save 3% each trip to the grocery store, you will be socking away $235.36 a year. Over 18 years, you'll have amassed $4200. Multiple family members can join in on the fun since you have the option to pool savings together for one individual. You could see that number double. If you're concerned about playing favorites you can set your earnings to be split among multiple sub-accounts. We're sure that this will at least cover books for college in 18 years. Maybe.
As an aside, another really great way to save money on groceries is by not stopping at the nearest Chipotle on your way home from the grocery store. We know, grocery shopping can be exhausting. Restaurants are a really easy way to blow your food budget though.
There you have it. 5 ways to add over 10% in savings back to your wallet on your food purchases. Don't let the number of apps discourage you. Some people will argue that they have better things to do with their time than clipping coupons for a 1% savings. To that, we would say that you can have your $785 in savings a year and keep up with your Kardashians too.