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Hope you get some deeper feedback from folks with bigger grocery bills, but just wanted to point out credit cards like this one if you weren't already aware. 5% back in rewards on grocery buys that can be cycled back into groceries, travel, etc... soon to be 6% at Sobeys/Safeway (this particular card won't work at Superstore and won't give the 5% at Walmart tho). Pretty good chunk of change every month on $2000 as long as you're paying the card off every month when the bill hits! https://www.scotiabank.com/ca/en/personal/credit-cards/american-express/gold-card.html Theres some more on different grocery-friendly cards here, some that will give pretty good 4% cash back if Superstore is your place: https://creditcardgenius.ca/best-credit-cards/grocery
Some good thoughts here. A few others we tend to keep in mind that have served us well and might work better for some than others… -brand loyalty will cost you. There will be the odd case where a specific brand makes a variation of a product that just doesn’t work for us, but more often than not for us they're interchangeable and the subtle differences aren’t worth passing up buying the brand that’s on a good sale in any given week… eg yogurt or cheese. There’s some variation between what brands put out, more often than not we use as opportunity to have and appreciate a little variety from week to week. We extend this to daily products like laundry detergent or TP. If it’s capable of doing the job we “hire” it for and it’s on a great sale, generally we go with it. -in the same spirit, we’re choosey with store loyalty. Some stores sell stuff we like at different value/different sales than others. Some stores are better for the bigger ticket items than others. Most buys are at grocery stores, but aren’t afraid to mix in the dollar store on products we know are good and are priced well, but at same time price doesn’t uniformly automatically work out well just because it’s a “dollar” store. -Am especially big on points and so tend to do more spending at the stores where I can rack them up the most, but still have to keep it all in perspective… not gonna spend $3 more for something just so can get 50 cents worth of points. -at the same time, trips to other stores have to be big enough to be worth it. Not driving across town on $3 gas round trip to save $2. -quantity buys on store-able stuff. If for example the cereal or oatmeal or pasta sauce that gets eaten a lot in the house is on an especially good sale/quantity deal and the expiry dates aren’t super tight, we grab a fistful and stash it knowing we’ll eventually use. Same goes for types of drinks that are cupboard-friendly. It’s a little extra spend up front but we thank ourselves for it in the long run and it’s super handy to have a backlog of stuff in the cupboard. Can backfire with a product we don’t know well that it turns out doesn’t get eaten. Same idea doesn’t always work for junk food, which can end up with just eating the same junk food more often if not careful (good excuse to not buy junk ). -bananas. Still damn cheap relative to other fruit. Will often stagger and buy two bunches if possible… one that are ready to go right away and one that’s a few days behind. -whole chickens. Not sure how well the logic scales to larger households, but for us it’s a lot of portions on one bird… we get a supper and a little more to use somehow for lunch the next day. Granted we don’t account for the energy that goes into cook time. Store-cooked roto chickens are great in a pinch. -luxury items. Life’s short so we mix in the odd fun thing, but big difference between something crazy expensive like pistachios once every few months versus habitually getting all the time. -we eat almost only fresh with our meat and buy in a way that works out well for us/make enough return trips to our nearby grocery store to make it work… but lots of stories of folks best leveraging the freezer to advantage! One thing we do try to have a good variety of on standby is frozen fruit. Not necessarily a straight up substitute for fresh, but quality on some types in fresh can be so inconsistent and frozen goes great on cereal/pancakes/etc.
-side note, give me back my USA-Canadian dollar parity... or heck something back closer to 85 cents to the dollar. Much more fun than going up and down the aisles of a US grocery store today and doing the math... yikes! Hopefully the spread with US dollar at least narrows soon, it's gotta really sting on imported products especially at the time of year where more produce has to come from further away. This is where nearby greenhouse-grown mini cucumbers have become a staple for us as an easy snack!
Just to follow up on the point re rewards points. Sobeys started their Scene Plus thing this week. When I combined their “spend $100 Get $10 worth of points” coupon with my credit card's 5% back with individual points promos they had on products I ended up with about $27 worth of points on a ~$177 spend at the store. Still gotta be a little choosey with what I buy to make sure getting best value, but even if every trip doesn’t do quite that well it’ll all add up pretty quickly to spend on groceries, travel, etc. Other thing to keep in mind. I’m definitely no replacement for a financial advisor that can advise of best risk vs reward with everything that’s going on right now, but if a person happens to have extra cash sitting around I’d do more digging on banks’ high interest savings accounts now that rates have woken up. Eg Westoba’s online arm Maxa is up to 2.6% and many of the big banks are offering promo rates North of 3-4% on shorter terms. If have an account with banks’ online brokerages, rates are anywhere from 2.8-3.05% on most at the moment. If a person is in a place to commit to a bit of a term and won’t need the money right away, GICs over 4% are all over the place. Still quite a bit lower than inflation but at least has money making money! For anyone into this sort of thing, I find this site does a decent job of comparing even if they don't go into banks' shorter term savings promos: https://whatbank.ca/
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