10 Money-Saving Tips to Stash $10,000 – Tip #7

by Jason on March 3, 2010

Tip #7 – Slash Your Grocery Bill by Cutting Out Junk Food

Welcome to day seven of our roughly 10-day journey, where we are looking at 10 money-saving tips to help save $10,000!

If you missed the introductory post of 10 Money-Savings Tips to Help You Stash $10,000 you’ll definitely want to check it out so we’re all on the same page.

But to sum it up – here’s our mission:

  • The Goal: Save $10,000
  • By When: This time next year
  • How: By implementing 10 money-saving tips

For the next couple weeks we’re going to look at one money-saving tip each Monday through Thursday.

On Thursdays we’re going to look at a tip, but also hear Personal Finance bloggers’ and hopefully some readers’ ideas and experiences on how they’ve saved money!

If you’d like to be included in the Thursday posts – please let me know your best money-saving tip here! We’d love to hear your stories of what you did and how much money you saved by implementing your tip!  If you’re a blogger and have posted about your money-saving tip, please include a link to your post!

Here’s what we’ve been through so far:

Tip #7: Slash Your Grocery Bill by Cutting Out Junk Food!

Uh-oh!  I can already hear you now!  “Oh no he didn’t just attack my Snickers and soda jones!”  “He better not tell me to cut out my mid-afternoon Funyons and Red Bull snack!”

Now just hear me out a second.  There’s a reason why 44 major food and beverage marketers spent $1.6 billion to promote their products to children and adolescents in 2006.

Americans are junk-food-junkies!!  And we spend a LOT of money on this garbage every single month.

Now, I’ve got a major sweet tooth and would eat junk every day if I could.  Thankfully my wife is not a big junk food fanatic, so I’m able to avoid a lot of the costs because she does the grocery shopping.  And I’m OK with that because I’d be twice my size if I ate what I wanted on a daily basis.

Not only that, but our grocery budget would be much larger as well.

My wife and I do not drink soda, rarely buy potato chips and almost never have “snacky foods” in our cupboards.  Our snacks of choice are granola bars, pretzels and ranch dressing or chips and salsa!  These are the only things close to junk food that we really buy.

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Junk food is not cheap, and it adds up pretty quickly!  In fact, JD from Get Rich Slowly recently admitted slipping back into bad junk-food habits and shelling out close to $100-$150 in one month on this stuff!

Financial Samurai mentioned that as part of his health kick, he cut out ALL sodas & high sugar related drinks from his diet and started drinking more water.  Not only does he feel better, but he lost weight and saved roughly $100 per month from that alone!

How to Kick the Junk Food Habit

The only way to kick a habit is to replace it with something positive.  You can’t just go cold turkey on something and expect to just fight cravings without getting your mind off of it.

So, instead of soda – drink water or ice tea (your own fresh brewed!).  Instead of candy bars do what the contestants on Biggest Loser are told to do – chew a piece of sugar-free gum, or eat some veggies!

The idea is to quickly tackle any craving with a healthy or positive alternative.

Once you start getting used to this new lifestyle, it will become like a positive habit itself.

So go ahead, kick the junk food habit and slash your grocery bill for some more savings!!

Estimated Savings: $50-$100 per month

How much have you saved by cutting out junk food from your grocery bill?

Check Out All The Tips From Our Series

Tip #1: Cut Back on Going Out to Eat

Tip #2: Evaluate Your Entertainment

Tip #3: Cut Your Cable

Tip #4: Turn Your Heat Down

Tip #5: Negotiate Your Cell Phone Plan

Tip #6: Get Rid of Your Land Line

Tip #7: Slash Your Grocery Bill by Cutting Out Junk Food!

Tip #8: Use Coupons, For Everything!

Tip #9: Negotiate Your Home and Auto Insurance

Tip #10: Start Packing Lunches!

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