April 14, 2017

Investing Money thru Stockpiling ~ An Easy Way to Save

Having a pantry full of food, health and beauty items and household items can be convenient and save trips to the store.  Having a stockpile can also be a good way to invest your money according to an investment adviser.  I can't provide you with a name or an article to read, but I will share what I read years ago.

There was a one page article on money management in The Parade Magazine written by a financial guru with ten ways to get the highest return on your money.  The article began with a list of common investing strategies such as when to invest in stocks or bonds, IRA info, paying down your mortgage to save interest, and others that were mainly focused on those with money to
invest.  But he ended it in the grocery store.

He advised buying non-perishable items on sale as an "investment strategy."  He gave the example of a can of tuna.  He suggested that when you see tuna on sale 25% off the regular price buy three to six months worth.  In simple math he said you just made 25% on the dollar and there is no other place you can invest a dollar for 3 months and earn 25%.

So say you purchased one can per week for three months at full price of say $2 each.  You would have paid $24 of your grocery budget.  If you purchased them all in one week on sale at $1.50 each you would have paid $18 of your grocery budget, saving $6 or making 25% on your investment.

To be successful at stockpiling you need to not be concerned at first with your stock being unbalanced.  Just look over the weekly sales and choose items you know you will use and are at least the percentage off you feel is worth investing in and buy up to three months worth.  You may end up with a lot of food and little household items at first, but over time it will all even out.  And after just a couple of years of this kind of shopping you will find yourself never paying retail again. To avoid hoarding, figure the number of each item you will be able to consume or use in a three month period and never have more than that on hand. 

Don't be discouraged if you have little cash to begin a stockpile.  Even buying an extra item or two each week will make a difference.  Buy one or two weeks extra of a couple of sale items, then next week's shopping list will be a little smaller and you can spend that money on a couple more items and eventually you will have more money each week to "invest."  Remember, as I shared earlier, "A Penny Saved, is a Penny Earned," and "By the Inch it's a Cinch."

Anyways, I found it interesting that an investment consultant would advise people to invest in stockpiles. Who knew by stockpiling I have made good investment strategies all these years.

If you'd like to learn how to take advantage of CVS Deals to grow your stockpile check out our other blog Simply CVS.  CVS is where we get much of our stockpile.


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Sarah said...

Thank you!

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