Loss Leader - take advantage of it

Grocery stores are famous for offering loss leader products in their weekly circulars. That's the industry that started the trend and coined the phrase. They are products offered at or below cost to lead you (the one with the money in their pocket) into the store.

Notice that grocery stores usually offer only a few really good deals in the form of these "leaders" in their weekly ads. That's because they believe that's all they need to offer in order to lure you into the store.

Their thinking is that once you're there, you'll buy more of their stock that isn't on sale. That's the idea behind a loss leader. It doesn't always work, but generally it does. Stick to your list and buy what you know is on sale, but don't wander around to see what else they have.

If you want to save money on groceries, then you might want to visit all the nearby stores offering different "leaders" that you want and can use. No sense buying something that you won't make good use of.

While visiting many of the nearby stores, it would be a good time to do other errands as well so you make one combined trip to help reduce fuel used. Shopping in this manner saves on the cost of transportation and you save money on groceries as well.

Take advantage of the "leaders" that your local grocery store is willing to take a loss on. Their loss is your gain, but don't feel bad about it. If it didn't make economic sense for them, they wouldn't make the offer.

Just make certain that what you're buying is what you really need or what you really want. Buying something because it's on sale is a waste of money unless you can really use it.

Done with Loss Leader, back to Frugal Shopping

There certainly is a broad scope of topics here at Frugal Living Freedom. When you think about it, money permeates so very many activities in our lives, therefore, being frugal encompasses a wide range of interests, from being employed to taking a vacation, and just about everything in between. Enjoy the variety, pick up some new ideas, and start making frugality a part of your signature.

I'm a big proponent of being debt-free, and I mean entirely debt-free - no mortgage payment. It's not essential for financial freedom, but you'll love the feeling once you get there. If you didn't have a rent or mortgage payment, how much more could you do for yourself with your current level of income? I suspect plenty.

If you ever hope to see an abundance of wealth, you need to plug the hole in your boat. The wealthy don't necessarily make lots of money, instead, they know how to hang onto what they make, and make it work for them.