STOCKPILE YOUR BUDGET
Every couponer knows that the key to long-term savings is building a successful stockpiling of everyday essentials.
Having a variety of items on hand that you paid rock bottom prices for helps eliminate those last-minute, unplanned trips to the grocery store.
Stockpiling is not as difficult as it seems and don’t be set-back or intimidated when you see those TV shows on TLC The Learning Channel).
We can’t stockpile with coupons to the mass extent they do in the USA but stockpiling in Canada can be done.
When you don’t stockpile on everyday products this is where you could end up paying full price. Here are a few tips to help you start, and maintain, a functional stockpile in your own home.
More Savings for the Budget Canada- Are you listening?
Plan before you purchase
The first thing you want to do if you are considering stockpiling products is to plan out what you would like to stock, as well as how long you would like it to last.A good stockpile will go a long way if you plan out your shops.
For example, if you would like to stockpile laundry detergent enough to last 6 months, you want to look at how many loads of laundry your family does in a typical week, and figure out how many you need to get you through that time period. No more!
Designate a storage space
The last thing you want is to end up with a fantastic stockpiling plan that just wont fit in your pantry. Be aware of space restrictions, and shop accordingly. There is no need to become one of those people you see on TV storing BBQ sauce under their child’s bed.
Create a grocery price list
Compile a grocery price list of items you would like to stockpile and record the absolute lowest price you see it at. This way you have a point of reference to know if you should stock an item at the current price, or if you know it will eventually get cheaper.
Stockpiling is all about the pricing so knowing your prices is the absolute most important tip.
Keep an inventory list of items in your stockpile
Letting something expire without being used because you forgot you had it is literally throwing money away.Most times people buy more than they need or they completely forgot they have certain products and they get pushed to the back of the pile. Make sure you rotate your stock to keep the products fresh.
Keep an inventory list of what you have on hand, how many, and the expiry dates in order to avoid food waste. Use your inventory listing to write a menu plan so you know everything will be used in time.
Invest in a freezer
This obviously optional but for a truly successful stockpile being able to store freezable items (meat, fruits, veggies, etc.) is extremely beneficial.
Make sure when stockpiling you only grow your stash your inventory to suit your plans. If you get a larger freezer than necessary you will end up using the money you saved on groceries to pay an unnecessarily large hydro bill.
Follow these tips and you will be well on your way to saving through stockpiling.
This was a special post contributed to CBB by Julia.
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