Do Rising Food Costs Change Your Buying Decisions?
I am a creature of habit. If you took a look in my grocery cart each week, you’d see many of the same foods- bread, produce, milk, cheese, etc. I stick with the same foods and the same brands for a few reasons. One is that I’m slightly lazy, and don’t like to take the time to comparison shop for the best deals. My goal is to get through the store as quickly as possible (especially when my kids are with me), so once I find a brand I like, I stick with it. Another reason is that once I find something my kids like (our sandwich bread, for instance), I don’t usually deviate from it for fear that I’ll hear: “This is different. I don’t want to eat it.”
I know there are things I could be doing to save money here and there, but I choose to cut back in other areas of our budget instead of on the food bill. I pay attention to sales and will stock up on things if they are a good price. But honestly, I don’t pay a lot of attention to the regular price of the foods I buy. I probably should, since the cost of items like ground beef, eggs and chicken has gone up significantly in the past year. Have you noticed? Has this trend affected what you’re putting in your grocery cart?
Although it’s still cheaper to eat at home rather than eating out, some of the foods with the biggest price increases were previously considered “budget-friendly”. The average price across all foods went up 4.5 percent (compared to 2.9 percent over the past 30 years), which might not seem that bad. What’s unusual (and tough on your wallet) is that many of the basic foods we buy on a weekly basis saw huge jumps in cost. In 2011, the price of eggs, ground beef and milk each went up an average of 10 percent. According to experts, "there are plenty of good reasons for the unusual increases. Bad weather was a factor in the cost of eggs; fewer animals in the pipeline and export demand made for more expensive beef, pork, and dairy. And record high prices for soybeans explains the high cost of cooking oil."
The USDA predicts that food prices will go up again in 2012, although not quite as much as last year. This year’s heavy-hitters on your wallet are predicted to be beef and products made from wheat (due to high temperatures and low rainfall in the Great Plains.) I know those changes are likely to increase my grocery bill.
How do you handle rising food costs? Do you cook more often instead of going out to save money? Do you change what you buy at the store? Do you cut back in other areas to compensate for the increases? Does your diet suffer because of it?
I know there are things I could be doing to save money here and there, but I choose to cut back in other areas of our budget instead of on the food bill. I pay attention to sales and will stock up on things if they are a good price. But honestly, I don’t pay a lot of attention to the regular price of the foods I buy. I probably should, since the cost of items like ground beef, eggs and chicken has gone up significantly in the past year. Have you noticed? Has this trend affected what you’re putting in your grocery cart?
Although it’s still cheaper to eat at home rather than eating out, some of the foods with the biggest price increases were previously considered “budget-friendly”. The average price across all foods went up 4.5 percent (compared to 2.9 percent over the past 30 years), which might not seem that bad. What’s unusual (and tough on your wallet) is that many of the basic foods we buy on a weekly basis saw huge jumps in cost. In 2011, the price of eggs, ground beef and milk each went up an average of 10 percent. According to experts, "there are plenty of good reasons for the unusual increases. Bad weather was a factor in the cost of eggs; fewer animals in the pipeline and export demand made for more expensive beef, pork, and dairy. And record high prices for soybeans explains the high cost of cooking oil."
The USDA predicts that food prices will go up again in 2012, although not quite as much as last year. This year’s heavy-hitters on your wallet are predicted to be beef and products made from wheat (due to high temperatures and low rainfall in the Great Plains.) I know those changes are likely to increase my grocery bill.
How do you handle rising food costs? Do you cook more often instead of going out to save money? Do you change what you buy at the store? Do you cut back in other areas to compensate for the increases? Does your diet suffer because of it?
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Comments
I just subscribed to All You magazine for all the coupons so I am going to learn how to utilize more of those.
There were a lot of great ideas in the comments here that I also will use. - 2/26/2012 4:49:40 PM
As for packaged food from the store read the label you may find the store brands to be healthier. I found store brand bread that listed only five ingredients that’s 5 ingredients that I have in my own kitchen. Best of all my family loves the bread and is made locally.
Instead of nitrate loaded processed meat I like to buy an inexpensive bone-less roast or turkey breast, I roast it in my slow cooker on the weekend, and freeze anything I can’t use within three days. The meat is good for everything from sandwiches, tacos and wraps to stir fries and soup. However, check those turkey breasts for nitrates and sodium. I have also done the same with whole chickens and turkeys in the oven.
- 2/9/2012 12:20:30 PM
It seams to be the general rule that store brands usually (not always) carry an exorbitant amount of sodium in them......Sometimes as much as twice the amount of national brands. Packaged/convenience foods are full of sodium, fat or chemical to preserve them....Nitrates, nitrites. (not your friend)
At another time of my life I used to eat packages/cups of noodles. During the last couple of years I have stopped eating them. One package/cup of noodles can have in excess of 3000 mg of sodium. That's more than your daily allowance.
Be well.
- 2/7/2012 9:36:37 PM
To get around the cost of beef, we don't buy it. My husband enjoys hunting deer and typically gets at least one a year which is enough red meat for our family for the year. If we have a hankering for beef, we raid my mom's freezer because my step-dad happens to be a beef producer and has a ton of frozen beef.
Eggs are a burden for us too. They've gotten expensive! I've started only buying them at certain stores to keep the costs low. My husband and I go through a minimum of 30 eggs a week because we eat boiled eggs for breakfast. - 2/6/2012 4:58:13 PM
I've had to end up buying less food each week in order to stay to the same $ figure, and I've had to be more savvy with my purchases, comparing prices, looking for BOGOs, buying in bulk rather than the more convenient kid lunchbox serving sizes.
I go to the farmer's market but not to save money - I spend about the same amount as in the grocery store, but I get much better food. Plus they have local honey, which is good for allergies, and local salsa which is good for everything :-D - 2/5/2012 9:17:00 PM
I think the greatest way for all of us to cut back in food-budgeting as prices increase is to focus more on quality vegetables and grains (which, the more people who prioritize organic/quality food, the more production of it there will be, and the more likely it is for costs to decrease over the long-term), and use high quality animal products in small quantities, rather than buying cheaper, lower-grade products to make up a large proportion of every month's grocery bills. - 2/5/2012 7:31:10 PM
- 2/5/2012 4:01:49 PM
We also eat beans 1 or 2x a month - adding ham pieces as a seasoning. My daughter works at KFC and she brings home left over chicken sometimes - we will debone that and use the meat in our chicken soup or stir fries or salads.
We limit ourselves to eating out on special occasions or I may have to run through the $ menu once in a while because of eating on the run with my father's dr appointments. - 2/5/2012 1:18:17 AM
Sales ads and Bogo deals are great!
- 2/4/2012 2:59:21 PM
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