It is being predicted that with the current drought in the Midwest that grocery prices could go up 3-4% next year. If the drought continues, that could increase even more. As usual, I am concerned about what that will do to my budget and yours too!
What does that mean for the average American?
Prices are already higher on many items now than they have been in several years. The drought means that you will probably spend at least 4% more on your food purchases in 2013 than you did in 2012.
What can you do now?
- Begin watching for great prices or mark downs on meat, and stock your freezer.
- Consider making a bulk beef or pork purchase while prices are lower.
- Freeze summer produce now and continue to stock up on frozen produce throughout the winter as it fits in your budget.
- Consider buying grains, like flour, rice, and oats in bulk. These can be stored in proper containers and kept in cool, dark places for long periods of time.
- Look for sales on cereal, and always buy the box with the longest expiration date.
- Watch for sales on canned goods, and stock up when the price is right.
What can you do (now and) later?
- Buy local foods, especially local produce.
- Plan to spend a little more in your grocery budget.
- Be conscientious about watching the sales and using coupons when possible.
- Reduce your meat intake and consider 1-2 meatless dinner meals per week.
- Watch clearance and markdown bins for perishable food items that can be preserved or frozen.
It is my goal here at Coupon Teacher for us all to save money and stay within our budget, which is why I started teaching Savings Nation classes.
What will you do to prepare for possible rising food costs?
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