Smart shopping saves you money. And who wouldn’t want to save money when it seems like the cost of everything keeps going up. Some people believe the best way to save money is to grab the biggest size, family size or big ‘un for the lowest price.
But when you look a little closer you may be surprised to see you’re actually paying more money for the bigger size. Believe it or not, it’s true sometimes the smaller size is cheaper.
Just the other day I noticed a woman at the grocery store trying to decide what size of cheese to buy. They were both the same brand and on sale. The 16 oz. bag of cheddar cheese was $1.88 and the larger 32 oz. bag was $4.49. After a few moments she made her decision and grabbed the bigger bag.
Before she walked away, I stopped and asked her if she noticed the 16 oz. bag was only $1.88. She told me that she did, but decided to go with the larger bag. I then explained that if she bought two 16 oz. bags at the lower price, she would be paying less than $2 for each bag. That’s the same amount of cheese for less than $4 ($3.76 to be exact). She thanked me and put the larger bag back and got two of the smaller bags instead.
What’s a shopper to do to make sure you’re paying the lowest price? Well, some stores are nice enough to put the cost measurement below the item. So you can easily see if the bigger size is really the better value. For example, those chips may cost .027/oz. for the smaller size and .020/oz. for the larger size. Depending on your needs and the expiration date clearly the cheaper price per ounce is the bigger bag of chips.
Be careful if you decide to use the store’s calculation because sometimes the manufacturer will give you 20% more free and the store calculation may not take the additional amount free into account.
Is the biggest box the real deal? Show me the calculation…
Albert Einstein once said “Insanity: doing the same thing over and over again and expecting different results.” These words of wisdom can help you in any area of life.
How can an athlete go broke after earning millions of dollars? Some people might say it’s just the fast life. But when you look a little closer, you’ll see what’s really chipping away at their fortunes.
Yesterday my five-year old daughter went on her first shopping trip without us. In fact, Kiara and her classmates shopped without any parents. I gave her $5 and she came home with more than I would have expected. She bought slippers and a book for her sister, a picture frame for her dad, massaging slippers for me, and even got herself a new art set and markers. All of this for only five bucks.
).
We all think about money in different ways. But there are some myths about money that need to be brought to the light. These myths can be misleading. And may even give you a false sense of security, or lead you to believe there’s a quick fix for the problems in your life.