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By Nicole Dieker
From Bankrate.com
Groceries are more expensive than ever. In July 2022, the U.S. Bureau of Labor Statistics released data indicating that the cost of groceries had increased by 12.2 percent over the last twelve months. If you're trying to inflation-proof your finances, you could be experiencing a lot of grocery-related financial stress right now.
To make matters worse, economists polled by Bankrate say there's a 52 percent chance a recession is coming, which could mean many of us will have less money to spare for everyday spending.
You may be familiar with the classic ways to save money on groceries. Avoid shopping when you're hungry, for example, and buy generic products instead of brand-name equivalents. But how do these tips apply when inflation is making even the generic products more expensive? And what can we do to save money on groceries if the economy goes from inflation to recession?...