Where’s the food?
If you have read the newspaper, listened to a news report or talked to someone at work lately, you have no doubt heard someone complain about food prices going up. In an effort to stabilize the increasing prices, some manufacturers are decreasing the amount of product going into the box. Net impact, you pay more for less.
I don’t necessarily agree with the way that CNN Money reports most economic news; they are heavy on the negative drama and very light on the potential of the American economy. However, this article provides a peek into what is happening to your food before it ever hits the grocery shelf.
If you are not careful you could very easily end up spending more on your food budget than you realized simply because you aren’t buying as much of certain foods. So how do you overcome “The incredible shrinking cereal box”? You guessed it. You have to be very purposeful with your budget. You may need to look at some of the non-name brands of foods. How about cutting a few coupons? Be aware of the items that are being discounted and probably the best way to control the grocery bill is to always go into the store with a list.
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