Comparison Shopping with a Price Book?

Have you ever looked at the cost of an item on the grocery or drugstore shelf and wondered if you could find the item at a different store even cheaper?

If so you have just applied the concept of a price book. Amy Dacyczyn believed in the value of a price book. You can read a letter from her regarding saving money on your food bill where she also mentions price books here.

Amy who wrote The Tightwad Gazette, wondered if "the various sizes and brands was part of a huge conspiracy to confuse consumers?"  She says the keeping of a price book "revolutionized our shopping strategy more than anything else we did". 

If you don't know what a price book is, it's a frugal tool that people have used for years to purchase items at the lowest possible price. It is also how some frugal people build up their stock pile. When I find a good deal, I buy enough to get me through until the next sale, which is usually twelve weeks, although I usually buy them in quantities of ten. 

This week Food City has canned salmon on sale for $1.99 per can. I already have two cans of salmon in my pantry and we have this item for dinner about once a month, so I bought two more cans, which is enough to last the rest of the year. During that time I'm sure it will go on sale again and I can stock up again.  

A price book is related to the concept of watching the sales, but takes that tactic a step further. Some people use their price book to track actual retail prices of specific items on a week to week basis. Some people do not go that far into the details, but either way will work and I would use the one that you know you will do and works for you. 

Image Credit: The Tightwad Gazette

In a price book each page will contain prices for one item like the photo above. The pages of items will be in alphabetical order for quick reference. Amy includes her code for the name of each store, the brand, the size of the item, and the unit price. Doing this really gave Amy a feeling of control over her food budget. 

Some people today may consider a price book to be archaic. With a computer or smartphone these days people can go online and find the lowest price while staying at home. Or, if you are standing in a store it's easy enough to check the price of the same item in another store if you have your smart phone with you. 

Recently I needed to purchase Ibuprofen. I simply went online and compared the price of each bottle at Walmart and Amazon. I checked these two merchants because I can get free shipping with them. 

500 Ibuprofen at Amazon $9.99 

1,000 Ibuprofen at Walmart $13.98

As you can tell here, Walmart had the best deal on the Ibuprofen the day I checked. That might not always be the case though. It pays to check before making a purchase. 
Back in the late 1990s and early 2000s, my price book consisted of all the items I bought and the price I paid on a Word document. It was easy enough to change the prices as needed or check a price and I could easily print it out as it was only one page. 
If you'd like to read how Trent over at The Simple Dollar dos his price book, you can read about that here. 
Whatever system you use this is one frugal tool that will help you save money on your food bill. 
Belinda ~ Living within our Means ~ My Linktree

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