Tips for saving at the supermarket

Trae Bodge, founder of TrueTrae, joins TheStreet to share some tips on how to save on groceries.

Transcript

00:00We did get some data recently showing that not that grocery prices are coming down,

00:05but the rate of inflation in grocery prices is slowing a bit.

00:09Where do you see grocery prices going as we head into the second half of the year?

00:14So I am seeing a little bit of a break, but they're up almost 25% in the last four years.

00:21That is deeply impactful for families on a budget, which is most of us, right?

00:27So we have to be very strategic about how we're looking to save.

00:31If you're not doing it already, you should be buying store brands or generics.

00:35Just check the ingredient listing.

00:36Make sure it's the same ingredients from your favorite brand to that store brand.

00:41And many times they're made in the same factory and they're the same products, ultimately.

00:44Use loyalty programs. Buy in bulk, like we talked about.

00:48Look for ways to save online.

00:50Those are all the strategies we should be using to save on those groceries.

00:53And we've noticed some headlines around beef prices being high.

00:59This is like barbecue season.

01:00Yeah.

01:01What kind of tips do you have for the barbecue?

01:05That's a little bit tricky.

01:06I mean, if you've got a sector that's high like that, there aren't that many ways to save.

01:10And I certainly wouldn't say, you know, buy more than you need in bulk

01:14and then store it because then it gets freezer burn.

01:16And so I say kind of mix it up a little bit, you know, buy that your favorite steak

01:21and then maybe look at another meat that's a little bit more budget-friendly.

01:24Maybe poultry is down right now or pork or go vegetarian.

01:28That's a way to kind of balance it out.

01:30So it's not a whole beef party.

01:32You've got a good mix and you're keeping that cost down accordingly.