This post contains affiliate links, and chocolate was consumed in the writing of this post.
A few years ago I worked overseas and we were locked up in a dry camp for 21 days at a time. Now I’m not saying that the complete absence of
Alright, let’s see the math
Now, keeping with the chocolate theme, because secretly I know that’s why you’re all here. I still keep an eye out for fantastic deals on the Lindt chocolate when I’m doing our usual shop. Just recently, in a last-second turn into aisle 5 before the express checkout, I scoped an Airmiles deal on with the Lindt bars. I’ll have to fill you in on my Airmiles escapades in another post. Anyway, the deal was ‘buy 4 bars at $3.00 each and receive 40 Airmiles’. Upon first glance, that was an initial $0.99 savings on the $3.99 normal price. Not bad. But then I asked, “What is the value of those 40 Airmiles?” Now for the math…
|If 95 Airmiles =||$10 at the till|
|Then 1 Airmile = ($10 divided by 95)||$0.105 rounded|
|Therefore 40 Airmiles =||$4.20 |
This is where things really get good. I request another 40 bars!!!!! Which should last me….well let’s just assume it’s quite a while. The important concept here is that I locked in a great inflation beating deal for future me, saving $81.60 on the future purchase. Now I know what you’re thinking. Wouldn’t I have been better off saving the $31.20 and going home without the chocolate? Technically yes, but our journey to FI is about happiness and being mindful with our spending. This deal fulfills both for me. So, remember to ask for rain-cheques when you come across an item on sale that is out of stock. They don’t expire. Just take the appropriate carrying containers when you’re planning on bringing home all 72 cans of Coconut Milk you’ve secured a deal on.
The point of this ramble
We all spend a fair bit of money in our local grocery stores. Now, I’m not one to advocate clipping coupons and wasting a bunch of time and gas driving around town trying to save a buck here or there. But I am very conscientious of the price of our regular items, and some math helps me recognize a deal when I see one. For example, if there’s a promotion on that requires us to spend $75 to get 100 bonus Airmiles (which I had on me for the chocolate caper). I’ll find the best (sale) price on an item that we can store and know we will use in the long run. Olive oil, chocolate, canned items, chocolate, frozen stuff, chocolate, coffee beans, etc. are all things that can be added onto a shopping trip if the expenditure warrants the deal. I mean, you aren’t going to turn down a 14% instant savings, are you? And you’ll never run out of beans for chili again! If all this seems like a bit too much math to handle while you’re battling for pole position in the dairy aisle. Pull in for a pit-stop in the pet food aisle (it’s always empty) and pull out your trusty cell phone calculator and math those deals up. Like anything we do on our path to FI, additional savings that you can generate at the grocery store are going to add up and compound when that money is working for you. As a bonus on this particular trip, I even got a 5 cents off/
Unless there’s a Thrifty foods near you, this is the best deal I could find online for Lindt.
What strategy do you use to minimize your grocery shopping and maximize the special price deals or loyalty offers?