Tag Archives: Shopping Trends

How to Stop Wasting Thousand of Dollars a Year at the Grocery Store

By Business Insider

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By MEGAN DURISIN

One in three Americans could be wasting $2,600 a year at the grocery store, a new survey by recipe kit company HelloFresh found.That’s $50 per week thrown away on items that are either tossed out or never used.

Married couples are more likely to walk away with unnecessary items in their cart, the survey found. But even most singles do: 12 percent of them said they never overspend, compared to 7 percent of married couples.

Although the numbers are striking, Americans still spend a lower percentage of their annual income on food than any other country. A recent Bloomberg Businessweek chart shows the average consumer’s food expenses fell from 16.8 percent of annual income in 1984 to 11.2 percent in 2011.

Even so, $2,600 isn’t something most people can afford to throw away.

Here are a few ways to shave down some of your excess spending at the grocery store:

1. Shy away from brand names. The products with the grocery store’s own label are often just as good and usually come for a cheaper price.

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2. Buy ingredients, rather than prepared products. If you have time to make your own pasta salad at home, you can save money compared to buying the finished product at the store.

3. Purchase produce when it’s in season. Apples cost the least during fall harvest season and berries are more of a bargain in the summer than the winter.

4. Don’t shop on an empty stomach. You’re more likely to overfill your cart in response to your stomach’s rumblings.

5. Skip the bottled water. At a dollar per bottle, the costs add up fast, and you can always buy a filter for your tap water, which flows for a tiny fraction of the cost.

6. Make a list. It takes a few minutes of advance preparation, but it will save you from wandering aimlessly down the pasta aisle, debating possibilities for your Sunday night meal.

7. Learn to love bulk. Buying larger boxes of cereals and crackers can typically save you a few cents on per unit cost, and your snacks will stick around your cupboards for longer.

More from Business Insider:

Simple Household Tips That Will Save You Thousands Of Dollars Every Year
22 Products That Really Do Last A Lifetime
Five Ways Rich People Live Frugally
http://www.businessinsider.com/household-tips-for-saving-money-2013-3

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Source: FULL ARTICLE at DailyFinance

Chinese Bowl, Sold For $3 at Tag Sale, Brings $2.2M at Auction

By The Associated Press

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Sotheby’s Auction House/AP

NEW YORK — A rare Chinese bowl bought at a tag sale for $3 has sold at a New York auction for more than $2.22 million.

The 1,000-year-old bowl was part of the opening session of Sotheby’s fine Chinese ceramics and works of art auction Tuesday. Sotheby’s says it was sold to a London dealer for $2.225 million, far above the presale estimate of $200,000 to $300,000.

The person who put the bowl up for auction bought it at a tag sale in 2007 and had it displayed in the living room for several years before becoming curious about its origins and having it examined. The bowl is 5 inches in diameter, white in color and from the Northern Song Dynasty.

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Opposition to Internet Gambling Lessening in N.J.

By The Associated Press

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Mel Evans/AP New Jersey Gov. Chris Christie signed an online gambling bill into law on Feb. 26, although no casino has yet begun an Internet betting operation.

ATLANTIC CITY, N.J. — Opposition to gambling over the Internet is lessening in New Jersey, even though a new poll finds more people against it than for it.

The Fairleigh Dickinson University PublicMind poll released Wednesday finds 46 percent of respondents oppose the state’s recent decision to legalize Internet betting, with 41 percent favoring it. That’s down significantly from just two years ago, when 67 percent of respondents to the poll said they were against Internet gambling.

Gov. Chris Christie signed an online gambling bill into law on Feb. 26. It authorizes any game currently offered at an Atlantic City casino to be offered online, although no casino has yet gotten an Internet betting operation up and running.

The law won’t take effect until the state Division of Gaming Enforcement sets a start date, sometime between three and nine months after the law was signed. Casino executives have estimated it could take six months to a year to get the system up and running.

“It’s possible that the growth in support for the practice is a consequence of the legislation’s passage,” said Krista Jenkins, the poll’s director and a professor of political science at Fairleigh Dickinson University. “Voters may be accepting the inevitable, or have acquired new information that brought about a change of heart, given the heightened exposure any new legislation brings with it.”

Two thirds of those who support Internet gambling said additional revenue for the state is the main reason they favor it. Only 10 percent cited the convenience of being able to gamble online.

Those who oppose Internet gambling are clearly worried about potentially harmful effects it could have on society.

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A third believe families and children will be hurt by caregivers who engage in compulsive gambling, and half are about evenly divided between those who say online gambling will make it too easy to gamble (26 percent) and those who are opposed to gambling in all forms (24 percent).

Among all respondents to the poll, nearly three-quarters (73 percent) of those who said they visited a casino in the last 12 months did so in Atlantic City, rather than going to Pennsylvania, Connecticut, New York, or Las Vegas.

The poll also found that most respondents say individual states are better equipped than the federal government to decide if they should be allowed to offer legal sports betting. New Jersey recently lost a federal court battle to overturn a federal law restricting sports betting to four states that met a 1991 deadline to approve it: Nevada, Delaware, Oregon and Montana.

New Jersey officials are appealing that ruling, and Christie says he’s willing to …read more
Source: FULL ARTICLE at DailyFinance

As Coffee Prices Decline Worldwide, Starbucks Bucks the Trend

By Rich Smith

Coffee Beans

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Coffeehouse chain Starbucks (SBUX) reported its most profitable quarter ever last month, and do you know whom they have to thank for it? Consumer ignorance … and you.

That’s right, you. Across the country and around the globe, coffee bean prices are plunging. Arabica bean prices are now down 55 percent from their highs set in May 2011. In response, the companies behind such big-name grocery store packaged coffee brands as Maxwell House, Folgers, and Dunkin’ Donuts are all slashing prices…

As Coffee Prices Decline Worldwide, Starbucks Bucks the Trend originally appeared on DailyFinance.com on 2013-02-26T10:25:00Z.

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