Do you know how much you pay for each roll of toilet paper? Or what is your target price PER OUNCE for Tomato Sauce?
Keeping a price book is a single most important key to save money without touching a single coupon. I have kept one for a couple of years now, and I love it.
90% of American consumers impulse shop. Many times stores will have special displays, end caps, or big signs to make you think an item is on sale. Walmart is notorious for Rollback specials. Flip up the sale sign, and compare it to the regular price. I do not know how many times I have seen a $.02 rollback. Yep, two cents. Just because an item is on sale does not mean it is a deal.
Keeping track of prices you normally buy allows you to:
Learn Sale cycles
Keep track of price variation over time
Know when it is a deal & stock up to last you until the next sale cycle.
To keep a price book, start recording items as you buy them. Keep a spreadsheet with you while you shop. List the store you are shopping at, the item, date, price & price per unit.
Over time you will start to see what prices are deals for your regular items, and you will never over pay again.
Here is the Price point Book spreadsheet that I am currently using. I have different sections for each item. That way I can keep track of different prices over time and at different stores.
–Pros: it allows you to see a range of prices over times & stores
–Cons: it takes up more space
If you are looking for something else, make a spreadsheet using Excel.
Remember, everyone’s price points will be different. We may shop at different stores, live in different regions, or have different dietary needs.