Hardbacon Reveals the Top Tips to Save Money on Groceries in 2022

Hardbacon, a personal finance application used by more than 38,000 Canadians, has teamed up with ​​in-house money expert Heidi Unrau to reveal the most effective ways to save money on groceries this year.

In recent months, grocery prices have been climbing due to higher input prices and heightened transportation costs. In fact, prices for food purchased from stores rose 7.4 percent in February 2022 alone marking the largest yearly increase since May 2009. Meanwhile, inflation is poised to make your next grocery trip the priciest yet.

That’s why Harbacon money expert Heidi Unrau is sharing her favourite ways to save money on groceries to keep your diet, and your bank balance, in the green. Her guide includes personalized recommendations on the best cash back cards, apps, and budgeting tools.

“With all the talk around inflation, we need to focus on smart shopping habits that will save you money on grocery purchases no matter how the economy is doing,” said Heidi. “Some grocery money saving tips like switching to generic brands are kind of a no-brainer, but these financial hacks make it easy for you to make the most of your hard earned cash and to save on groceries with the right financial tools.”

Here are Heidi’s 3 best tips to save money on groceries in 2022: 

Use credit instead of debit to save
The best way to save money on groceries is with a credit card or prepaid card with a rewards program. You receive valuable points or straight-up cash back on all your card purchases, and there are several credit cards that offer an extra aggressive earn rate specifically for grocery purchases.

Create a budget that works for you
You can’t save money on groceries without first making a budget. Start with the Hardbacon app, which acts as your personal finance coach to help you track your spending, make a budget, and take control of your money.

Always check money-saving apps 
Coupon and rewards apps like Rakutan, CheckOut 51, Flipp, and Save.ca, offer exclusive discounts, cash back, and other perks you can bank on in addition to the rewards earned on your credit card. When used together, you double-dip on savings.

Hardbacon’s complete guide to help you save money on groceries this year, can be found in more detail on Hardbacon’s blog.

About Hardbacon

Hardbacon helps Canadians plan, budget and invest, while also enabling users to compare different financial services such as credit cards, bank accounts, online brokers, robo-advisors, mortgages and crypto exchanges. Hardbacon is available for download in the App Store and Google Play Store.