May 28, 2012 08:00 ET

Grocery Shopping Tips to Save You Money

MELBOURNE, VICTORIA--(Marketwire - May 28, 2012) - It's imperative these days for some families to stretch each dollar as far as it will go. Cutting back goes a long way toward saving money, but cutting back on the essential things that you spend money on regularly, like groceries, is a little harder to do. With a bit of strategic planning and savvy shopping, you can save a bundle each week on groceries and household items.

Set a Grocery Budget

Come up with a realistic budget for groceries and try to stick to it. If you typically purchase your groceries with a debit card, use your online banking information to determine how much you currently spend on groceries each week on average. Make that average your weekly budget to start with, but prepare to slash it considerably once you get the hang of savvy shopping.

Shop for the Week

Stopping at the store each day to pick up ingredients for dinner that night will cost you. Not only will you end up buying things you already have, you will also end up buying things you don't really need, especially if you're hungry.

Buy the Store Brand

Save money with store branded versions of your favourite products; you might not even notice the difference!

Buy in Bulk

Shop at a market that offers bins of staples in bulk, such as rice, beans, oatmeal, nuts and flour. Buying in bulk is one of the best ways to save money on groceries. Likewise, for items you use in large quantities, purchasing the largest container of that item will save you money in the long run.

Clip Coupons

Couponing is experiencing a surge of popularity, thanks to the Internet. Whether you print your coupons from one of the many couponing websites or clip them the old fashioned way with scissors, presenting coupons at the checkout stand can add up to enormous savings. Only clip coupons for items that are on your list; buying an item you don't really need because the coupon makes it cheap will end up costing more than it will save.

Take Advantage of Great Sales

If you catch a great discount online or sale, make sure you use it while it lasts, great deals can expire quickly and not come around again for some time.

Groceries can be a big chunk of monthly expenditures, especially for large families. By planning ahead, shopping wisely and taking advantage of all the possible ways to save on food, you will spend much less money on groceries and have that much more to put toward a rainy day.

About was launched in 2011 by Mark Pearson, founder of Markco Media, has been a pioneer in the online coupon marketplace, creating one of the U.K.'s first and now largest coupon site, MyVoucherCodes.

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