Consumer Reports Offers Strategies to Reduce Grocery Spending Amid Rising Costs
Consumer Reports has released practical advice for shoppers struggling with increasing grocery bills, noting that many are resorting to credit cards or 'Buy Now, Pay Later' schemes to cover food expenses, leading to further financial difficulties. A recent Urban Institute analysis revealed that over one in four working-age adults faced challenges paying off grocery-related credit card debt last year, and nearly one in ten utilized 'Buy Now, Pay Later' services, often struggling with repayments. Brian Vines of Consumer Reports suggests starting by checking existing pantry items before making a shopping list to avoid unnecessary purchases. The organization also recommends setting a budget and strategically choosing where to shop, highlighting that stores like Costco, BJ's, Aldi, and Lidl often offer lower prices than Walmart.