Thank- you to Save Big Live Better for sharing her “Stockpile Tips” with our readers here at Canadian Budget Binder with this Guest Post! Mr.CBB
More Savings for the Budget Canada- Are you listening?
Stockpile Tips- By SaveBigLiveBetter
Every couponer knows that the key to long-term savings is building a successful stockpile. 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 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.
*Plan before you purchase!—The first thing you want to do if you are considering building a stockpile is to plan out what you would like to stock, as well as how long you would like it to last. 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 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 price list!—Compile a 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!
*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! Keep an inventory list of what you have on hand, how many, and the expiry dates in order to avoid waste. Use your inventory listing to write a menu plan so you know everything will be used in time!
*Invest in a freezer!—This is obviously optional, but for a truly successful stockpile, being able to store freezable items (meat, fruits, veggies, etc.) is extremely beneficial. Again, make sure it is only as big as you need to suit your plans. If you get one larger 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! To learn more about how to slash your grocery bill, check out SaveBigLiveBetter.com for Canadian coupons, deals, freebies, and frugal living articles like this!