Skip to Content
Login
  • About
  • ATMs & Locations
  • Make A Loan Payment
  • Blog
  • Foundation
  • Current Rates
  • Careers
  • Contact
Launch Search
TopLine Financial Credit Union Home
  • Personal
    • Back
    • Personal
    • Personal Checking
      • Back
      • Personal Checking
      • Overview
      • Compare Personal Accounts
      • Debit Cards
      • Open a Checking Account
    • Personal Savings
      • Back
      • Personal Savings
      • Overview
      • Savings Accounts
      • Money Market
      • Certificates
      • IRAs
    • Loans
      • Back
      • Loans
      • Overview
      • Credit Cards
      • Auto
      • Home Equity
      • Mortgage
      • Recreation
      • Student
      • Personal Loans
      • Apply
    • Investments
      • Back
      • Investments
      • Overview
      • Financial Planning
      • Retirement
      • Investment Services Events
    • Personal Insurance
      • Back
      • Personal Insurance
      • Overview
      • Life
      • Auto & Home
      • Umbrella
      • Medicare
  • Business
    • Back
    • Business
    • Business Checking
      • Back
      • Business Checking
      • Overview
      • Compare Business Accounts
    • Business Savings
      • Back
      • Business Savings
      • Overview
      • Money Markets
      • Business Certificates
    • Loans & Credit Lines
      • Back
      • Loans & Credit Lines
      • Overview
      • Lines of Credit
      • Equipment & Term Loans
      • Real Estate Loans
      • Credit Cards
    • Planning & Investments
      • Back
      • Planning & Investments
      • Overview
      • Employee Benefits
      • Retire & Invest
    • Business Insurance
      • Back
      • Business Insurance
      • Overview
      • Property & Casualty
      • Workers Compensation
    • Merchant Services
  • Tools
    • Back
    • Tools
    • Online/Mobile Banking
      • Back
      • Online/Mobile Banking
      • Overview
      • Online Banking
      • Mobile App Banking
      • Mobile Deposit
      • Bill Pay
    • Current Rates
    • Car Buying Services
    • Calculators
  • Resources
    • Back
    • Resources
    • Financial Education
      • Back
      • Financial Education
      • Overview
      • Events
      • Certified Credit Union Financial Counselors (CCUFC)
      • Financial Wellness Tips
      • Financial Learning Center
      • Account Settlement Guide
    • Safety & Security
      • Back
      • Safety & Security
      • Overview
      • Fraud Prevention
      • NCUA Insurance
      • COVID Help
      • Emergency Assistance Programs
    • Community
      • Back
      • Community
      • Overview
      • Member Stories
      • BestCU
      • Merger
    • Media/Communications
      • Back
      • Media/Communications
      • Overview
      • Newsletters
      • Press Releases
      • Media Library
    • Annual Information
      • Back
      • Annual Information
      • Overview
      • Annual Meeting
      • Abusive Conduct Policy
      • Limitation of Services Policy
      • Member Expulsion Policy
    • Blog
  • Join
    • Back
    • Join
    • Become a Member
      • Back
      • Become a Member
      • Join Now
      • General Fee Summary
      • Business Fee Summary
    • Add Account(s)
    • CU vs Banks
  • About
    • Back
    • About
    • Overview
    • Team
    • Press Releases
  • ATMs & Locations
  • Make A Loan Payment
  • Blog
  • Foundation
    • Back
    • Foundation
    • Overview
    • Scholarship Application
    • Scholarship
  • Current Rates
    • Back
    • Current Rates
    • Overview
    • Savings Rates
    • Checking Rates
    • Certificates Rates
    • Mortgage Rates
    • Loan Rates
    • Business Rates
  • Careers
  • Contact
  • Site Map
  • Downloads
  • Accessibility
  • Thank You
  • Personal
    • Personal Checking
      • Compare Personal Accounts
      • Debit Cards
      • Open a Checking Account
    • Personal Savings
      • Savings Accounts
      • Money Market
      • Certificates
      • IRAs
    • Loans
      • Credit Cards
      • Auto
      • Home Equity
      • Mortgage
      • Recreation
      • Student
      • Personal Loans
      • Apply
    • Investments
      • Financial Planning
      • Retirement
      • Investment Services Events
    • Personal Insurance
      • Life
      • Auto & Home
      • Umbrella
      • Medicare
  • Business
    • Business Checking
      • Compare Business Accounts
    • Business Savings
      • Money Markets
      • Business Certificates
    • Loans & Credit Lines
      • Lines of Credit
      • Equipment & Term Loans
      • Real Estate Loans
      • Credit Cards
    • Planning & Investments
      • Employee Benefits
      • Retire & Invest
    • Business Insurance
      • Property & Casualty
      • Workers Compensation
    • Merchant Services
  • Tools
    • Online/Mobile Banking
      • Online Banking
      • Mobile App Banking
      • Mobile Deposit
      • Bill Pay
    • Current Rates
    • Car Buying Services
    • Calculators
  • Resources
    • Financial Education
      • Events
      • Certified Credit Union Financial Counselors (CCUFC)
      • Financial Wellness Tips
      • Financial Learning Center
      • Account Settlement Guide
    • Safety & Security
      • Fraud Prevention
      • NCUA Insurance
      • COVID Help
      • Emergency Assistance Programs
    • Community
      • Member Stories
      • BestCU
      • Merger
    • Media/Communications
      • Newsletters
      • Press Releases
      • Media Library
    • Annual Information
      • Annual Meeting
      • Abusive Conduct Policy
      • Limitation of Services Policy
      • Member Expulsion Policy
    • Blog
  • Join
    • Become a Member
      • Join Now
      • General Fee Summary
      • Business Fee Summary
    • Add Account(s)
    • CU vs Banks
top graphic
Blog

Seven Ways to Combat Rising Grocery Prices

July 21st, 2022

Seven Ways to Combat Rising Grocery Prices

 In addition to the recent hike in gas prices, you might have noticed that grocery prices have jumped significantly during the pandemic. Specifically, a recent finding by the U.S. Department of Agriculture (USDA) states that the overall cost of groceries has increased by 11.9% between May 2021 and May 2022.

Leaving the supermarket with enough to feed your family has now become even more of a challenge. Here are seven tips from LSS Financial Counseling for combating rising grocery prices.

Compare Prices and Stores

Now more than ever, it is good to compare not only prices of different brands of products, but prices among the stores in your area as well. Usually, there are high-end grocery stores that charge a few cents more for the same product versus their competitors. For those of you who are used to the amenities of the high-end super market, it might be time to sacrifice those and switch to a different store to save money.

Buy Locally

There are many advantages to buying locally-purchased foods including health benefits, freshness and investing in your local farms and communities. By going to local venues such as farmers markets, produce is fresher, so it will last longer, saving you money. Farmers markets also give you access to more organic and non-GMO produce. You can search for a farmers market near you by using the USDA’s food portal.

Have a Grocery Budget

Food costs tend to be the expense that fluctuates the most. You can rein in this cost and make it more predictable by having a monthly allotment for what you spend on your groceries. Don’t know where to start? Here are a couple of suggestions:

  • Set spending limits on your food budget. For example, allocate 10% to 15% of your monthly net household income towards ALL food costs, and stick with that amount.
  • Use the Grocery Budget Calculator tool, developed by Iowa State University. This calculator is based on the different food plans set by the USDA. It will give you an idea, based on your family size, what baseline amount you should spend monthly on groceries.

Plan Meals/Make a Grocery List

Like anything else, you must always have a plan of action and not go into a situation blindly. Grocery shopping is no different. If you simply head to your local supermarket without a plan, you are going to get whatever seems appealing at that moment, which leads to overspending. This is a two-step process:

Step 1: Plan your meals a few days in advance. Determine what you will serve for meals over a set period of time. Then do a thorough inventory of your pantry to make sure you do not accidentally purchase anything that you might already have.

Step 2: Once the meals are planned, create your list. You can resort to the old school methods of either writing it down on a sheet of paper or using your smart phone’s “To Do” list. There are now also free apps you can use, including Anylist, Mealtime, Our Groceries, Bring!, Cozi Family Organizer or Opt Up.

Buy Generic Store Brands

Generic store brands have quality that is just as high as their name brand counterparts. You’d be surprised by how much you can save by switching even a fraction of your food purchases to the generic store brand for items such as milk, eggs, pasta, meat or household products. Some grocery stores have gained popularity within the last 20 years because they sell primarily generic items. Consider these types of stores when deciding where to do your shopping as well.

Coupons and Deals Are Your Friends

Believe it or not, it is common for the average consumer to take these for granted. It is important to take a step back and take notice of these small gems that can make a large impact on our wallets.

Usually, grocery stores have their printed list of specials for the week. You can also do what your parents or grandparents probably did and purchase the Sunday paper to clip the coupons. Also, remember the pesky junk mail you receive regularly? You might have been quick to throw it into the trash, but take a moment to search for any valuable coupons for your next shopping trip.

Finally, keep in mind some grocery stores have rewards programs where coupons are linked automatically to the app, rewards card, or fob. Using these rewards can sometimes save you money elsewhere, such as on fuel. It’s all free too; you just have to remember to use your card/fob when you check out at the grocery store to use coupons/earn rewards.

Leave the Kids Out of the Equation

When you take your kids shopping with you, it’s possible to spend extra time on your trip, and you might feel pressure to buy things you didn’t initially intend. While the traditional solution would be to leave the kids at home, this might not be possible for everyone.

 

If you are looking for other ways to reduce your monthly expenses, LSS Financial Counseling can provide support, tools and advice. Our certified financial counselors can work with you on a budget that will assist you in keeping expenses under control. Call 888.577.2227 for a free, confidential appointment, or get your support online.

Categories
  • Checking
  • Savings
  • Loans
  • Insurance
  • Investment
  • Security Tips
Archives
  • All
  • December 2024
  • March 2024
  • February 2024
  • December 2023
  • November 2023
  • June 2023
  • May 2023
  • March 2023
  • February 2023
  • November 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • January 2022
  • November 2021
  • July 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • December 2019
  • September 2019
  • November 2018
  • October 2018
  • August 2018
  • June 2018
  • May 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
You are about to link to a TopLine partner website.

You are now leaving TopLine Financial Credit Union’s website. TopLine is not responsible for accuracy, security, content or services offered by partner websites. Privacy and security policies may differ from TopLine policies.

Leave

Routing Number: 291074696

  • Facebookfacebook
  • X Twitter
  • Instagraminstagram
  • LinkedInlinkedin
  • Pinterestpinterest
  • Youtubeyoutube

Contact Us

Local: (763) 391-9494
Toll Free: (800) 626-1448

9353 Jefferson Highway
Maple Grove, MN 55369

Ask@TopLinecu.com

Quick Links

  • Personal
  • Checking
  • Savings
  • Loans
  • Investments
  • Insurance
  • Business
  • CheckingSavings
  • Loans & Credit Lines
  • Planning & Investments
  • Business Insurance
  • Merchant Services
  • Tools
  • Online/Mobile Banking
  • Add Account(s)
  • Current Rates
  • Car Buying Services
  • Calculators
  • Resources
  • Financial Education
  • Events
  • Community
  • Blog
  • Press Releases
  • Annual Report
  • ATMs & Locations
  • Foundation

equal housing logo ncua logo  Visa payment network logo Better Business Bureau Accredited Business logo

© 2025 TopLine Financial Credit Union - All Rights Reserved

Privacy and SecuritySite MapAccessibility