The views expressed in Economy Matters are not necessarily those of the Federal Reserve Bank of Atlanta or the Federal Reserve System.
Editor's note: Throughout Economy Matters, "Southeast" refers to the six states that, in whole or in part, make up the Sixth Federal Reserve District: Alabama, Florida, Georgia, Louisiana, Mississippi, and Tennessee.
Financial Tips from the Atlanta Fed: Stretching Your Food Dollar
Nota del editor: Este artículo también está disponible en español.
Food prices rose more than 5 percent during 2021, with price increases for some food categories, such as meat and eggs, reaching double digits. Everyone has to eat, but simple strategies such as planning ahead, buying in bulk, taking advantage of cost savings, and reducing waste can help stretch your food dollar on that next trip to the grocery store.
- Plan ahead and make a list before you shop. A grocery game plan can help you stay within your budget.
- Take advantage of sales, coupons, and loyalty programs that might save you money. You can plan meals around what is on special each week.
- Reduce food waste by buying only what you need, and find creative ways to use excess food such as an "eat the leftovers" night or a leftovers "cook-off."
- Buying in bulk and understanding date labels can stretch your food dollar. Properly storing food keeps it fresh longer.
- If you or someone you know needs food assistance, use these resources to find organizations that can help.