How To Spend Less At The Supermarket Flashcards
What are the top 2 least expensive supermarkets in the uk
Aldi, Lidl
Why should you avoid convenience stores?
Smaller stores have higher running costs and this results in higher prices at the tills.
Why should you choose own label over big brands
Usually cheaper and are often judged to taste better.
In your opinion, what are some foods which taste better as an own brand version?
Cereal (wheetabix, rice crispies) , ketchup
When should you stock up on items (buy in bulk) (and give examples)
When items bought regularly are on discount.
Toilet roll, coffee, tinned soup, washing powder, breakfast cereals
Why should you join a loyalty scheme
These schemes allow shoppers to collect points and some now offer additional benefits such as: exclusive discounts, charity donating, rewards, competitions, discount prices.
How much could you save in Sainsbury’s and Iceland with a loyalty scheme when spending £100
Between 50p and £5
Why should you be aware of supermarket’s psychological tricks
They try and make you spend and buy more.
Why should you work out what you are really saving?
Special offers are only cost effective if they are offered on a product which you normally buy.
What are some types of special offers used by grocery stores?
3 for 2, buy one get one free, x% off, reduce to clear
How much do Heinz beans cost per 100grams
34p
How much do Lidl beans cost per 100grams
11p
How can a shopping list reduce money spent on the supermarket bill?
The consumer is more likely to stick to their list and not be distracted by other items which could lead to overspending.
How can you easily compare prices
Use price comparison websites. Some apps allow you to scan the barcode to find a cheaper option.
What is a price comparison website
Search engines which shoppers can use to filter and compare products on the basis of price. They earn money from marketing agreements.
What are the top 10 ways to spend less at the supermarket?
Shop around.
Avoid convenience stores.
Choose own label over big brands.
Stock up when you can.
Join a loyalty scheme.
Be aware of supermarket’s psychological tricks.
Work out what you are really saving.
Shift down a range.
Write a list and stick to it.
Compare supermarket prices.
