Did you miss Day Two? Find it HERE.
Stockpiling
Yesterday, we talked about knowing WHAT to stockpile. Today, we are going to talk about knowing what a good price is.
The best way to know if the price you are paying is a good price, a great price or a rock-bottom price is to keep a price book. You can keep a price book of your stockpile items by using your receipts. (I keep every receipt!) Using the worksheets in the back of your workbook, you can list the items from your stockpile worksheet and start tracking the prices of those items.
In order to get an accurate view of how much you are spending on an item, you need to know the “Price Per Unit.” To figure the price per unit, you take the price and divide it by the unit (ounces, number of sheets, etc.)
Here are two examples:
Betty Crocker Brownie Mix
Size: 22.5 ounces
Price: $2.37
$2.37/22.5=
$0.11 per ounce
Northern Toilet Tissue
12 Roll Pack
Size: 200 sheets per roll
Price: $5.99
$5.99/2400=
$0.024 per sheet
Many stores (like Target & Walmart) will put the price per ounce on the shelf tag but do not put the price per unit on other items. Take a calculator with you to get the best deal!
Now, since most stores rotate their sales on a 6 to 8 week basis, you may want to track which weeks your favorite items are on sale. The best way to do this is to grab a calendar and number the weeks. Since drugstores begin their sales ads on Sundays and grocery stores begin on Wednesdays, you may need to have an “A” calendar and a “B” calendar. Mark the week that your item is on sale on your worksheet.
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Get a 4 week free trial to The Grocery Game. The Grocery Game list alerts you to free items and items at rock bottom prices. This offers you great mind training to help you recognize low prices. Learn more about The Grocery Game before you subscribe by clicking HERE.
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Your Assignment/s:
(1) Start your price book with at least ten of the most popular items you purchase. I promise to do this too! If you care to share, list the ten item you wrote down today with the price.
Find DAY FOUR HERE.
, I receive a small commission but will not know what you purchased and it will cost you nothing extra. You can even use your gift cards. Thank you for supporting our family.)
V8 Fusion Juice 46oz $2.98 Walmart Publix $3.89
Capri Sun 10/6oz=60oz $1.97 Walmart $2.99 KMart Publix $2.69 Winn Dixie $2.75
Hillshire Farm 9oz tub of lunchmeat $3.79 Publix
Will post more later