Here's how 8 different people spent $100 at the grocery store

Smart Hacks For Saving Money At The Grocery Store

The amount you spend per trip to the grocery store depends on so many elements.

You may only be buying groceries for one person if you live alone, where other people's needs and preferences don't factor into your budget. If you're grocery shopping for a family, it gets more complicated.

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Plus, we all know that even if you guesstimate, no two grocery store trips ever cost the exact same amount.

So, if you were given $100 to grocery shop, how would you spend it?

Is $100 way over your budget or is that about how much you normally spend?

Would you have to start cutting things off your list or would it give you wiggle room for a few indulgent items?

The Simple Dollar wanted to know the answers, too. So, they gave $100 to eight different people of various ages and socioeconomic status, set them free and told them to grocery shop. They taped the results, of course.

One said that $100 translated to "one frivolous night of indulgence," while another budgeted almost half of the money towards fresh produce.

Oh, and a $62 bottle of wine was on someone's list. Cheers!

Watch the video below to see what happened:

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Easy ways to put more money in your pocket
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Here's how 8 different people spent $100 at the grocery store

Automate your finances. 

Set up your finances so that money is taken straight from your paycheck and deposited directly into your savings account or a retirement savings account. You can also set up your fixed bills like your Internet and cable to be automatically deducted from your checking account. Automate your finances to save time and prevent overspending. If you see extra money in your account, chances are you’ll find a way to spend it, leaving you little to invest in your future. Automation helps keep your priorities in line so that as money comes in, it is dispersed to your other accounts immediately.

(Photo: Getty)

Cut back. 

At least twice a year, look at your expenses line by line and see if you’re getting the most bang for your buck. For example, do you read the magazines you subscribe to or maximize that gym membership? If the answer is “no,” consider canceling or negotiating a better rate. Take that money you save, and apply it toward bigger payoffs like debt reduction, retirement or an emergency fund.   

(Photo: Getty)

Get rewards. 

Lots of people use debit cards to make it easy to buy and budget for groceries, gas and other routine purchases. Instead of doing that, look into a credit card with a great rewards program for those daily purchases, and set it up to automatically pay the statement balance from your checking account each month. Over the course of the year, you could potentially pocket a few extra hundred dollars just by using a card with a good rewards program instead of your ordinary debit card (just make sure you’re paying off your credit card every month, so you don’t pay extra in interest).

(Photo: Getty)

Boost your income. 

If you love your job and want to grow your career, it's time to think about boosting your income as well. Make it a goal to negotiate a raise this year. Consider your strengths and look at the value you've provided to your company over the last six months to a year, and discuss it during a performance review. This can feel intimidating, but it never hurts to ask.

(Photo: Getty)

Get a side gig. 

Take advantage of your skills, or turn a hobby into profit. Doing so can help you generate extra income – which you can put toward reaching your financial goals. Etsy, for example, is a great place to sell one-of-a-kind products.  If you have Web design, copy editing or other creative skills, consider offering your services on freelance websites such as Fiverr or Elance. These types of side gigs will allow you to earn extra income while also growing your skills.

(Photo: Getty)

Track your progress. 

You can’t save money if you don't know where your money is going. Every month, track your net worth using a personal finance tool or app that will show you exactly where your money is going. This will make you think about your entire financial picture from income and expenses to investments and taxes. With this focus, you can ultimately make the greatest impact on your finances in 2015.

(Photo: Getty)


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