A few years ago, Josh Elledge became obsessed with one line item in his family’s budget: the grocery bill. His family of 4 was spending $700-800 per month on groceries, and he already considered himself a fairly frugal shopper — it’s not like they were eating filet mignon every night!
So he set out on a mission to figure out how to feed his family for less, and ultimately cut his grocery bill in half.
The solution was “coupon stacking” — the art and science of combining high value coupons with in-store sales. I’ve never seen “Extreme Couponers” or whatever the show is called, but I was certainly intrigued by the idea of getting super cheap or free groceries.
I mean, everybody’s gotta eat, right?
The problem is, scouring for deals is time-consuming and nobody is getting excited about clipping coupons and saving $0.25. With a bit of tech background, Josh was able to build a software / database solution to this problem called SavingsAngel.com, which he says can earn people the equivalent of $30-50 per hour in grocery savings.
And since most of The Side Hustle Show episodes focus on earning more money, I thought it would be interesting to do a show about saving money. After all, whether you earn an extra $100 a month or save an extra $100 a month, the net result on your bank account is the same.
(Actually, saving is more efficient because you’ll have to pay income taxes on the $100 you earn. But naturally there’s a limit to how much any family can reasonably save.)
Free PDF Download:
- How to save $200-300 per month or more on groceries.
- How to maximize your efforts and earn a decent “hourly wage” while you’re at it.
- The types of food you can get — not just the unhealthy stuff.
- Why you should “never buy what you need.”
- How Extreme Couponing is mostly made-for-TV fiction.
- Why “couponing” has a certain stigma but being a smart shopper does not.
- Why Costco and Sam’s Club are probably not your best bet for food savings.
- How an extra hour a week could put a significant dent in your monthly grocery budget.
- Josh’s #1 tip for Side Hustle Nation.
- How to Find Your Freedom Number
- The Richest Man in Babylon
- Dave Ramsey’s Financial Peace University
What do you think?
I do most of the grocery shopping for our house and never really gave it much thought. I usually just go to Trader Joe’s because I like their food and it’s on the same side of the freeway as my gym.
We spend a little less than $100 a week on groceries for our family of 2 … if we could cut that just 25%, that would be $1000 savings or more over the course of the year. That’s an international flight!
Free PDF Download: