If you’re like most Americans, you’ve likely noticed a sharp increase in your grocery bill over the last few years.
U.S. households are paying about 26% more for food at home than they did before the pandemic, government data show, outstripping an approximate 19% increase in total consumer prices over those four years. After spending on housing and transportation, food spending in 2022 ate up the third-largest share of Americans’ disposable incomes, according to the most recent data available.
Thankfully, food spending is typically more flexible than fixed expenses like rent or car payments — and there are a number of small changes that can shrink your monthly grocery bill.
MarketWatch talked to experts for their best advice on how to keep food spending within your budget. Here’s how to save money on groceries and feed yourself — and your family — when funds are tight.
The experts all agreed: A meal plan and a detailed shopping list are two essential tools to keep your grocery spending low.
Start by planning out some meals and foods you’ll eat throughout the week. The plan doesn’t have to be complex, said Beth Moncel, founder of the recipe website Budget Bytes.
“You don’t have to plan every meal, every day, at once,” she said. Instead, start out with a plan for one meal each day for the week, like dinner, she suggested.
From the archives (November 2019): This woman slashed her grocery bill using tricks she picked up working at Whole Foods
Planning to use the same ingredient in multiple ways is one way to simplify meal planning and streamline your shopping list, said Leanne Brown, author of the cookbook “Good and Cheap: Eat Well on $4/Day.”
Brown often buys one large container of ground meat and uses it for multiple dishes throughout the week — in a stir-fry one night, for example, and in a pasta sauce the next. She also will opt to eat the same meal multiple days in a row, like an egg and toast every day for breakfast.
“Embrace being a little repetitive,” she said.
Once you have a sense of the groceries you’ll need for the week, take inventory of your fridge and pantry before finalizing your shopping list, said Phil Lempert, editor of SupermarketGuru.com. Shop your pantry — making a note of what you actually need more of and what you already have on hand.
“We have a tendency to overbuy,” he said. “Part of it has to do with not remembering what’s in our cupboard.”
There are also a few tricks to saving money while you shop.
For starters, look at a product’s price per ounce or price per unit — you can often find it in smaller type on the price tag on the store shelf. This can help ensure you’re getting the best price for an item and not getting fooled by differences in packaging, said Jeff Campbell, who runs the website The Grocery Store Guy.
Similarly, don’t fall prey to flashy displays, such as endcaps placed at the end of aisles. While those products might be displayed prominently, they’re not necessarily on sale, Lempert noted.
It’s pretty much always a good idea to opt for generic or store-brand items, Campbell added. They’re cheaper than name-brand products and often come from the same manufacturing plant.
Steering clear of the snack aisle is one more way to keep your costs low. “Any kind of processed food is always going to be more expensive,” Campbell said.
One other key strategy to spending less on food: Throw less of it away.
Americans waste about 80 million tons of food each year, according to the food-pantry network Feeding America. About half of that waste comes from households.
But tossing food in your own kitchen is essentially the same as throwing away your hard-earned cash, Moncel said.
“I tell people to try and change their mindset,” she said. “Imagine throwing those dollars into the garbage.” The more ways you can find to use and reinvent leftovers, the less money you’ll spend replenishing your fridge.
Keeping a pantry well stocked with flavor boosters like olive oil, soy sauce and basic spices may cost a bit more upfront, but that investment will pay off when it comes time to whip up a meal with wilting produce or whatever else you have on hand, Brown added.
For those who often find themselves tossing fruits and vegetables that have gone bad, frozen produce can be a good alternative, Lempert said. They’re often cheaper than fresh items and can sit in your freezer until you’re ready to use them.
Some foods are also still good to eat past the expiration date listed on their packaging. Instead, you can check for physical signs of spoilage.
Using up leftovers can often be much simpler than you think, Moncel said: “You can put just about anything into a soup, a stir-fry or on a pizza.”