Wed, September 09, 2009 - 10:45:26

Save Big Bucks by Thinking SMALL

While the prospect of an economic recovery seems to be on the horizon, many Americans are still looking for new and innovative ways to cut costs.  From eating out less to dropping your land lines, the possibilities for saving little by little are astounding.  But, there’s one tiny habit you can incorporate into your shopping routine that will help you save BIG without sacrificing a thing and it’s called a checklist.

As we write in our book, THE POWER OF SMALL: Why Little Things Make All the Difference, checklists are a simple yet effective way to manage your work flow and really get things done, but they’re also a powerful tool in helping you manage your personal finances.  Why?  Because, as Money Magazine reports, over two thirds of purchases made at the supermarket are actually impulse buys.  So, the best way to stay on track is to arm yourself with a detailed, organized grocery list and stick to it.  Not only will it help you remember everything you need for that week’s meals, it will remind you of all the things you really don’t.

So, before you head out to the store each week, set aside just 15 minutes, grab a pen and paper, and get writing.  Close your eyes and visualize the layout of your super market and write the list according to your typical shopping pattern.  Do you start in the produce section?  Then your list should begin with all the fruits and vegetables you’ll need for the week.  Do you head to the meat counter next?  List out chicken, fish or any other ingredients you might need.  Continue this method until you’ve imagined yourself all the way to the checkout counter and then review your list twice to complete a final inventory. 

Once you finish your list and make your way to the store, cross each item off as you go along.  Then watch for that magic number to appear on the register; you’ll be amazed at the amount you saved with very little effort.

Posted by Linda and Robin