Bigger packages are often labeled as “Economy Size,” and while that’s usually true, it isn’t always the case. Around here, we’ve gotten very comfortable standing in the aisle at the grocery store, calculating prices per unit on our mobile phone calculators, to see that our hard-earned money is going as far as it possibly can. Sometimes, as in the photo above, the store is kind enough to do the math for us, but if they hadn’t, I would have been happy to take an extra moment to do it myself. By choosing the larger bottle of raw agave, I would have saved 41 cents over the same amount of product in two smaller bottles. And I could have kept another nickel in my pocket by choosing the lighter syrup. That might not seem like much, but we go through one large bottle a month at our house (What can I say? We like our coffee sweet!), so over the course of a year, that single choice would save us around five bucks. Multiply that sort of tiny savings by the number of items in your grocery cart each week (10? 25? 50?), and you might start to understand why small economies can matter so much. Simply paying attention to the unit price could save you hundreds of dollars a year!
I’ve recently started a grocery price book — actually a Google Drive spreadsheet– which helped me to recognize that the prices above, while better than our regular grocery store, are still much higher than what Costco charges for the same product under a different brand (Truthfully, I wasn’t even grocery shopping when I took the picture… I was picking up something else at a store we don’t frequent, so I snapped a couple pics of items we commonly purchase to compare prices later).
Finally, be careful to not be lulled into a false sense of security because you’re shopping at a “discount”or “dollar” store: Many years ago, my roommate at the time came home with a box of plain white envelopes from the dollar store, and I had coincidentally picked up the same exact box at the office supply for fifty cents. She was a much more careful shopper than I was back then, so we were both surprised at my accidental savings!
Does price per unit factor into your shopping practices? What surprises have you found?
One of the scariest unit-pricing examples of all: spices at the supermarket. When you get over the shock, buy your spices from the bulk-buy section (if there is one). You’ll pay as much as 400% more in the baking aisle. Bonus: You can buy as much or as little as you like, which is great if you’re trying a new recipe.
Oooh, you are SO right about spices! When I tried the Great Pickled Egg Experiment (which went quite well) last year, being able to get just a few spoonfuls of things was so helpful! Instead of a handful of $4 bottles that I would rarely use, I paid about $1 for everything I needed.