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price book
Creating a Price Book
By SaraCate
@SaraCate (184)
Canada
January 10, 2007 8:11am CST
I searched and saw no info on this, so here's a brief how-to.
Creating a price book, IMO, is one of the best ways to save money - especially on food bills. I first learned about the idea in Amy Dacyczyn's Tightwad Gazettes. The basic idea is to collect prices on frequently purchased items so that you know when you've truly found a deal you "can't pass up."
First, decide what products you buy often enough to keep track of. For me, these include fresh apples, fresh carrots, rolled oats, and various flours. Create a separate page for each product or category. Depending on what you buy, you may have a page for "meat" or you may have pages for "pork", "beef", etc.
Different people keep different info in their price books. The basics are product, price, and the store you saw it at.
For example:
IGA Kraft American cheese $3.99/16 oz.
IGA store brand American $2.99/16 oz.
I keep several additional pieces of information in my book: date of sale and unit price. For example:
16 Oct. Ma&Pa supermarket Libby's pumpkin puree
$0.59/16 oz. $0.04/oz.
This does two things. Keeping the date allows you to the sale cycle on various products. For example, if peanut butter goes on sale dirt cheap every three months, you know you should buy enough to last that long in order to lower your food bill as much as possible.
Second, keeping the unit price allows you to quickly compare prices across different-sized products.
I hope this is helpful to folks making an effort to live more frugally! Feel free to ask any questions you have.
~Sara
3 people like this
6 responses
@blueskies (1186)
• United States
11 Jan 07
I've attempted to put together a price book several times, but have not finished it for several reasons.
1. I never have time to note down the prices/size/etc while in the store.
2. I always forgot the book at home
3. I found that I could keep track of the prices in my head much better than I could remember to bring and update the book.
However, I know that price books are an invaluable resource to many. Thank you for posting such useful information in the frugal area!
1 person likes this
@SaraCate (184)
• Canada
11 Jan 07
I'll be honest, blueskies - there are some prices I track in my head as well. e.g., I know the lowest price on flour locally is $4.95 for a 10k bag. I tend to jot any really good prices on note cards and transfer them at home.
Also - you can view circulars for most supermarkets online now, so in terms of updating the book, that's another avenue to try.
Oh - and you're welcome! :)
1 person likes this
@entrepreneurgirl (273)
• United States
11 Jan 07
That is a great idea. I might just start doing that! I need to start saving more money because we just bought a house and our expenses are going to blow us through the roof now. I like your thinking in trying to track when the next sale will be for specific items so you hardly ever have to buy anything full price. Thanks for sharing!
1 person likes this
@peavey (16936)
• United States
11 Jan 07
This is probably the best way to save on groceries, besides stocking up on sales, but you can't know how good the sales are if you don't know the regular prices, so you really need a price book. One way to get started is to save a few grocery receipts and copy the prices from them.
@msqtech (15073)
• United States
12 Jan 07
I think this is an excellent idea do you also cross it with your coupons so that you are prepared to buy when the price is right?
I like to also organize per the aisle of the market where I am shopping by what is in each aisle. This provides timely searching and ease of finding.
@thinkingoutloud (6127)
• Canada
23 Jan 07
I agree SaraCate... I see people who post about high value coupons, double coupon days, coupon swapping etc., and they are all GREAT ways to cut down the food budget. In Canada, this just doesn't happen and it's sort of discouraging. The only time I remember having really decent coupons was when my kids were in diapers and I could get diaper coupons direct from the companies or by joining "mommy clubs" and such.
Oh, and in regards to your price book -- awesome idea :) I also track a lot of things in my head that would be better organized and remember on paper! Where I think this book would be a great help is at the "price clubs" or warehouse/bulk stores. It's really easy to think you're getting a good deal when you're buying 34857445797345 rolls of toilet paper at one time... but when you consider the "per unit" cost of the paper products you buy regularly at the grocery store, sometimes those huge packs are no real savings at all -- and I don't always have that much storage space!!! LOL :)
@ElusiveButterfly (45940)
• United States
13 Jan 07
When I raised my kids I could check out the flyers from the stores and make a list of what would be bought at what store, the coupons were clipped to the appropriate list. I tried to buy more when I found a good sale. I didn't keep lists, but did well with the groceries.