I love finding ways where I can pay less for an experience that I’d otherwise pay more. It increases the return on my investment. Food can easily become one of the biggest chunks of your budget. I’m amazed how easy it is to blow a lot of cash at the grocery store, especially if you go in without a plan.
My favorite discovery is the Aldi grocery stores. They defy traditional grocery store features and pass the savings on to the consumers. For example, they don’t use normal product brands. Their displays are made of shipping boxes. You bag your own groceries. You corral your own grocery cart.
With this, groceries are extraordinarily cheap. A tub of hummus that would typically cost $4-5 costs $2. I can get half a gallon of organic milk for $2.25 where in most grocery stores that cost $4+. I could go on for days telling you about their amazing prices. My favorite is you can get avocados for $.50-.89, where they’d typically cost $1.50+.
I went yesterday and got a week’s worth of groceries for a family of 3 for $70.
Some of the non-branded groceries look exactly… exactly like their branded counterparts. It’s like the factory just switched out the labels. With that, you get a HUGE discount.
So… #1 if you want to save a lot of money on groceries, start shopping at Aldi. #2 if you’re an entrepreneur, how can you challenge the assumptions of your industry. Why do you have to do things the way that they’ve always been done? How can you pass more value on to the consumer?
(Photo from Mike Mozart)