WalletPrep worksheet · Money basics
How to save money on groceries
Name ____________________ Date __________
Key ideas
- Plan meals before you write the list. Pick dinners for the week, check what you already have, then buy only what those meals need.
- Compare the unit price, not the sticker. The shelf tag often shows price per ounce or pound. A bigger package is not always cheaper per unit.
- Food you throw away costs the most. Freeze leftovers, eat perishables first and learn that "best if used by" dates are about quality, not safety.
Vocabulary
- Unit price
- The cost of a product per ounce, pound, count or other unit, so you can compare different package sizes fairly.
Work it out
Ana, 27, shops for herself and her partner. Her statements show $700 a month on groceries, plus food that often goes bad before they eat it.
- Groceries now
- Meal plan, less waste
- Store brands for staples
- Fewer extra trips
- Unit prices on staples
- New monthly grocery bill
- Saved per month ($700 − $540)
- Months in a year
- Saved in a year ($160 × 12)
Check yourself
A 24-ounce jar costs $4.80 and a 16-ounce jar costs $3.60. Which is cheaper per ounce?
- A. The 16-ounce jar
- B. They cost the same per ounce
- C. The 24-ounce jar
- D. You can't tell without a coupon
What does a "best if used by" date mean on most foods?
- A. The food is unsafe after that day
- B. The food is at its best quality until then
- C. The store must remove it that day
- D. Federal law requires it on all food
Which habit usually saves the most on groceries?
- A. Planning meals and shopping from a list
- B. Shopping more often for fresher deals
- C. Buying the largest size of everything
- D. Using only name brands
Your turn
Look in your fridge and pantry, then plan five dinners for the next week using what you already have. Write a list for only the missing items and set a weekly grocery number: your monthly budget divided by 4.
Answer key
How to save money on groceries
Work it out
- Groceries now$700
- Meal plan, less waste− $60
- Store brands for staples− $45
- Fewer extra trips− $30
- Unit prices on staples− $25
- New monthly grocery bill= $540
- Saved per month ($700 − $540)$160
- Months in a year12
- Saved in a year ($160 × 12)$1,920
- Ana plans five dinners a week and buys only what they need. Less spoiled food saves about $60 a month.
- Store brands save $45, one weekly trip instead of three saves $30, and checking unit prices saves $25. $700 − $60 − $45 − $30 − $25 = $540.
- She saves $700 − $540 = $160 a month, or $160 × 12 = $1,920 a year, which she moves to savings each payday.
Check yourself
- C. The 24-ounce jar $4.80 ÷ 24 = 20 cents an ounce. $3.60 ÷ 16 = 22.5 cents an ounce. The bigger jar is cheaper per ounce.
- B. The food is at its best quality until then The FDA says these dates are about quality, not safety. Only infant formula must carry a date by federal law.
- A. Planning meals and shopping from a list A meal plan and list cut extra trips, unplanned items and wasted food, which are the biggest leaks in most grocery budgets.