Smart Shopping Expert Shares Money-Saving Tips Amid Soaring Food Prices

Smart shopping expert Trae Bodge shares money-saving tips to help consumers navigate rising food costs, including buying in bulk and opting for store brands. Her practical advice comes as food prices continue to soar, with a 13.5% increase in 2022 and a projected 2.2% increase in 2024.

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Bijay Laxmi
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Smart Shopping Expert Shares Money-Saving Tips Amid Soaring Food Prices

Smart Shopping Expert Shares Money-Saving Tips Amid Soaring Food Prices

As grocery prices in the US continue to soar, with a staggering 13.5% increase in 2022 and a projected 2.2% increase in 2024, smart shopping expert Trae Bodge is sharing her top money-saving tips to help consumers navigate the rising costs of food. Bodge's practical advice comes as a lifeline for many households struggling to keep their grocery bills under control.

Why this matters: The rising cost of food has a significant impact on household budgets, particularly for low-income families who spend a larger proportion of their income on groceries. If left unchecked, soaring food prices can lead to food insecurity, malnutrition, and increased poverty rates.

One of Bodge's key recommendations is to buy Café Bustelo coffee in bulk instead of at the grocery store. "Whenever possible, I make coffee at home because I can't justify paying $4.50 for it at a barista," she explains. By purchasing the coffee in larger quantities, consumers can enjoy significant savings without compromising on quality.

Another tip from Bodge is to opt for store-brand cheese over name-brand varieties. "I like fine cheeses like any other foodie, but sometimes Saint Andre or a burrata are not necessary, like when you're making a grilled cheese to have with soup or quesadillas," she says. However, she cautions consumers to carefully check the ingredient listings to avoid unnecessary fillers.

Bodge also recommends making homemade granola as a cost-effective alternative to store-bought options. By using ingredients like rolled oats, unsweetened coconut, peanut butter, honey, flax seed, olive oil, dried cherries, and maple syrup, she ensures her family always has their favorite snack on hand while saving money in the process.

When it comes to pantry staples like extra virgin olive oil, Bodge suggests purchasing larger sizes to take advantage of lower per-unit costs. "There's a caveat here — while the large size of extra virgin olive oil is much cheaper than the smaller size, you should only buy the large size if you use extra virgin olive oil very regularly because, once opened, it should be used within six months when it's at its freshest," she advises.

The rising cost of food has been a major concern for consumers in recent years. According to the Consumer Price Index (CPI), food prices rose 3.9% in 2020, 6.3% in 2021, and a staggering 10.4% in 2022. While the rate of increase slowed to 2.7% in 2023, the CPI food subindex was still up nearly 25% in March 2024 compared to March 2020. Meat, poultry, fish, eggs, cereals, and bakery products saw the steepest increases, rising 26.9% and 27.8%, respectively.

As consumers continue to grapple with the impact of rising food prices on their budgets, Trae Bodge's money-saving tips offer practical solutions to help stretch grocery dollars further. By making smart choices like buying in bulk, opting for store brands, making homemade alternatives, and purchasing larger sizes of frequently used items, households can navigate the challenges of soaring food costs without sacrificing quality or variety in their diets. Article

Key Takeaways

  • Buy Café Bustelo coffee in bulk to save money.
  • Opt for store-brand cheese to reduce costs.
  • Make homemade granola instead of buying it.
  • Purchase larger sizes of frequently used items like olive oil.
  • Smart shopping can help navigate rising food prices.