Are you looking for information about how to save money on groceries in Canada? You are in the right place! In this article, I am going to go over a few strategies I’ve used to reduce my grocery cost and save more money on food every month.
According to Canada’s Food Price Report 2021, The average Canadian family will pay up to an extra $695 for food next year, as the pandemic, wildfires and changing consumer habits drive-up grocery bills to the highest increase ever predicted by an annual food price report.
I used to spend $600 to $700 a month on food for my family of two in Vancouver. It was certainly too much given my income.
I had to cut down grocery bills to survive and I have discovered that I can save over 50% of my grocery bill just by following a few simple rules, and it worked! Now, I only spend $300 to $400 on food (set aside the household items).
Try not to drive for grocery shopping
If you live in a city and there is a grocery store nearby, try not to drive to a grocery store. This is the key strategy of how I save money on groceries.
I always carry my backpack and walk (or bike) for grocery shopping 2-3 times per week and just buy what we need for the week or in 3-4 days. This allows me to not buy something on impulse. Imagine that you need to carry everything you buy! Plus, it is a great workout for those who barely walk outside.
If you can control your spending, then big box stores like Costco is a great way to reduce grocery bill. However, as you may know, it is really difficult to buy only the things you need at Costco.
Explore as many grocery stores as you can
There are no perfect grocery stores in the world. They are all focusing on making profits not helping you to reduce your grocery bill.
Try as many grocery stores as possible and find the best deal.
In my neighbourhood, there are a lot of variety of grocery stores, and my favorites are:
- No frills: Overall great deal, but be careful with the quality of vegetables
- Save on foods: they have fresh fishes and bulk foods
- Sungiven Foods: Great deals on Asian foods and meats
- Kin’s farm market: Fresh vegetables with a great deal
- Shoppers drug mart: They have a great weekend deal including eggs, butter and snacks. I only visit there on weekends
I try to stay away from Whole-foods, Safeway, and IGA. They are too dangerous!
Always check the Flyer to save more bucks
Flyers may or may not have a great deal, however, it’s always worth it to check flyers before you go to a grocery store. I use the Flipp app which allows you to scan flyers, search products and make a grocery list.
I highly recommend you use Flipp to save money on your grocery bill!
Always compare price per g, kg or lb
People have a tendency to buy something that is cheaper regardless of how much it weighs.
Let’s say you found a 450g Yogurt for $4 in A store. You also found the same brand of Yogurt in B store, but it is 700g and $6. Which one is cheaper?
The Yogurt in B store ($0.0086/gm) is cheaper than the Yogurt in store A ($0.0089/gm)
The difference in this example is small, but you will save a lot of pennies by being smart with numbers. Once you get familiar with this, you don’t need to calculate every time you buy something.
Use the right credit card to save money on groceries
To maximize your grocery shopping, it’s worth considering using a proper credit card instead of paying cash or a debit card.
I use the American Express Cobalt card which offers some of the biggest points multipliers for dining, groceries and travel-related purchases, along with flexible redemption options with no airline restrictions whatsoever. I have earned 55,000 MR-S points since April 2020 by simply using this card when I pay for groceries. It is worth around $950 CAD, If I book an airline through AMEX. Isn’t it great?
Also, there is a welcome offer which you can earn up to 45,000 Membership Rewards points when you apply by May 5, 2021.
Cutting down your grocery bills would be one of the most important things to save more money. Unfortunately, there is no single answer for how to save money on groceries in Canada. Try one of the strategies that I recommended here and see if how much you can save.
Please leave your thoughts and the strategy that you use. Also, if you are interested in saving more money, please check out How I save 60% of my income in Vancouver.