Stretch That Grocery List in Lean Times

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Don't always automatically reach for the largest container either; it's not always the best buy. Instead, compare the unit prices for each size, and buy the size with the lowest per ounce or per pound price.

Another big area where families can save is on beverages. Use tap water instead of bottled water, Scherer said. If you don't like the taste of your local water, buy a filtered pitcher or a filter for your faucet. Even with the cost of the filters, you'll save money over bottled water, she said.

Another big savings idea is to buy large sizes of snacks and create your own 100-calories packs at home. A bag of chips can easily break down into a dozen or more servings, while just five or six single serving snack packs cost the same amount, giving you twice as much food for the same price.

For those a little more ambitious and dedicated to saving money, growing your own fruits and vegetables is a great way to save money, Scherer said. Plants cost only a few dollars and can grow many times that amount in fresh produce.

The most important factor in saving money on food, said Scherer, is planning. "Look at sales; make a list; a little planning really can make a big difference in how much you spend at the grocery store."

More information

The University of New Hampshire Cooperative Extension program offers more advice on stretching your food dollars.