Cereal prices are going to be dramatically effected by droughts in Russia and small crops in Canada and Australia, according to SF Gate. So what’s a cereal loving person to do? Stock up now.
Strategy 1: Pay whatever price your favorite cereal is selling for during your next grocery trip. I am a firm believer in having a pantry and/or stashing food wherever you have space. Stocking up when prices are low is a great way to save. (If you keep food in unorthodox places, like under the bed, list your hiding places on the fridge so you don’t forget.)
Strategy 2: Buy whatever is on sale, regardless of whether it is one of your favorites. This is risky as you may well convince yourself not to eat it. Doubly risky if you have never tried the cereal before.
Strategy 3: Buy coupons from TheCouponMaster.com – you’ll pay about $.10 for a $1 off coupon – and use them before prices rise too much. Note the coupon’s expiration date while checking out. If your strategy is to hold the coupons until the cereal goes on sale, you may need a few weeks leeway.
Strategy 4: Read blogs that publish coupon matches for your local grocery and drugstore. A coupon match is when you use a coupon for an item that is on sale, maximizing your savings. For coupon matches check CommonSenseWithMoney, CouponCravings, and BargainBriana. You can also Google “Publix coupon matches” or whatever the store name is plus coupon matches. Coupon matching requires you to save each week’s coupon inserts and file them by name and date, such as Red Plum 8/7/10.
Strategy 5: Make your own cereal or granola, which takes a little time but often tastes better and has less sugar. Plus, you can get exactly the mixture of fruit and nuts that you want.
Strategy 6: Have eggs and fruit instead!
If you are a hard core couponer, paying more than $.50 per box of cereal is embarrassing. I met one frugal blogger who refused to pay more than $.25 per box! If you are a casual couponer, aim to pay less than $2 per box, or a little more for high-end brands like Kashi. Once you start tracking the prices of your favorite cereals, you will have a good idea when something is at a good price or not.