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You Can Drop These 4 Costly Grocery Shopping Habits
The largest spending bucket in India belongs to groceries. According to our research, Indians spent Rs. 21,491 on this category in 2017-18, or 28% of total spending. To save money on a regular basis, some may try to be disciplined by sticking to a shopping list, making fewer trips or clipping coupons. For those who are particularly budget-minded, we've laid out 4 bad habits to drop if you truly want the most value out of shopping for your everyday necessities. Don't Go Grocery Shopping When You're Hungry Hunger is one of the most basic and intense feelings people can have, and such a sensation can easily throw you off your budget at the supermarket. Even when armed with a shopping list, hungry people can be prone to buying unnecessary items just because they want food so much more in the moment. To prevent this from happening, try going grocery shopping when you're relatively full. For example, grocery shopping after dinner can be a great way to take a stroll to and digest while preparing for the week ahead. Don't Be Loyal to Brands In the early 20th century, the key to success in business was making good products because reliable, high-quality production itself was difficult. Since the 1950s, however, consumer packaged goods companies like P&G have been building their global businesses by inundating consumers with advertising. Over time, consumers came to trust these brands to represent good quality, and they were willing to pay for the convenience of simplifying their shopping process by sticking with well-known products. However, blind brand loyalty isn't the best value shopping strategy in the modern era. First, some companies may charge higher prices for features that aren't actually necessary, like adding a fifth blade to your already sufficient razors. Second, production quality of alternative options has improved, and many of the generic brands sold by supermarkets are just as good as those sold by brand names. One can save significant money by forgoing flashy branded goods across many categories. Stop Paying With Cash Finally, unless you shop for groceries at cash-only marketplaces, always use a credit card when shopping for groceries. As most businesses do, supermarkets charge the same price whether you pay with a card or cash, and there are a number of credit cards in India that provide high rewards specifically on grocery spending. How much one can earn using a credit card depends on one's spending profile, but annual rewards could easily amount to thousands of rupees every year, which is essentially free money if you use your card responsibly. Always Check Your Receipt Most people have a tendency to just stuff the receipt into their bag or pocket after paying for their groceries. Or, they don't even take the receipt from the cashier. This is a bad habit that can actually lose you money over time. First, cashiers can mistakenly scan items twice, charging people for items they are not taking home. Second, sometimes cashiers fail to credit you with a sale or promotion, causing you to miss the discounts to which you're entitled. Therefore, it's advisable to at least glance over your receipt to make sure you paid the correct amount. This article originally appeared on ValueChampion’s blog
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