:::: MENU ::::

Getting the Most out of Your Grocery Dollars

by

Just to get this out of the way first, this isn’t a paid advertisement (I do not to paid advertising within my posts). It may start to sound like it because I’m so giddy about this website I checked out. I think it can help MANY of you out there!

MyGroceryDeals.com is a free site where you can find local grocery store flyers and compare deals among stores and make up your shopping list. I live in basically the middle of no where and I doubted that I would have any stores listed…but they have one! I am so excited about that! I can only image how this can help some of you in more populated areas. Establishing your free account is easy. You input your email address and provide your zip code. After you do that, you get to see the meat and potatoes of the website.

First off, you can browse the specials by store. It’s almost like you have the stores’ flyers in front of you, without the work of going to the store or buying the paper to get it. It is in a different format though, and the sales are organized in a list.

Secondly, you can also browse the specials by department. Here’s where you can see all of your listed stores’ sales by department. I wish I had another store listed in my zip code so I can do some comparison shopping between the two (we only have a few grocery stores in the immediate area). Looking around the site, if you do not have stores listed, you can approach your grocery store manager and see if they would be willing to participate with the website so I may try that.

Lastly, you can browse the specials by brand. This will pretty much narrow down the specials so you can easily see the price difference by store. There is even a “brand” as beef so you can compare meat prices.

The neatest part of the whole thing is that when you see something that is a great deal and you want to go to that store to buy it, you can add that product to a shopping list by selecting a button. On the right hand side of the page, you will see your list grow as you add more items to it, and you will see your savings. When you are done “shopping,” you view the details on your shopping cart. From here, you can do a few things:

1.) Save your list for later.
2.) Print your list so you can take it with you shopping.
3.) Email your list (handy if you’re at home and your spouse is working. You can email it to him/her to pick up items on the way home).

Looking around the site some more, they are also working on some other things like listing nutritional information for products. So far, their list is extensive but with all of the grocery products out there, they will probably be busy for a while gathering and entering that information.

Overall, I feel this website could be a big help to some of you out there and it’s free (the best price of all ;)) so I had to share!

Should You Participate in Your Company’s 401(k) Plan or Pay off Debt

by

This year will be the first time I will have the opportunity to participate in a 401(k) plan at work. My company does not offer matching funds. If they offered an employer match, the decision would have been easier. The match is esentially free money and I should take advantage of that even if I have a mountain of debt still looming.

But, the match is not there. Should I continue to pay off debt or pay into the 401(k) plan?

Doing a quick search on Google yielded articles that said I should contribute if there is a company match. There was little that I could find that mentioned the benefits of contributing to a 401(k) when there is no employer match present.

So, I’ve decided to pose the question to the personal finance bloggers at the Money Blog Network Forums.

I will be turning 30 shortly and I have $24,000 in credit card debt which I am hoping to have paid off by May of 2009 with an aggressive debt reduction plan. As for current savings, I have a grand total of $121.00 in a savings account.

I have the option of participating in a 401K plan for the first time in my life and I am not sure whether to forgo the 401K for now and keep paying off debt or to contribute to the 401K. If my company was giving matching funds, I wouldn’t think twice…I’d contribute to the 401K because I would be getting free money. BUT – there are NO matching funds.

Given our situation, and the lack of the “free money” incentive provided by an employer match, I don’t think I should contribute. I think I should stay focused on paying off our debt aggressively and once it is paid off focus on saving.

I know retirement is important to plan for, but to lock that money away doesn’t seem like a good option at the moment. I just wrote an article about survival debt it made me realize how little it would take for us to have to go back to living that way.

Should we be stashing money away for the future when there is such an unstable present due to bad debt?”

So far, I have received some interesting thoughts.

I’d also like to ask you if you have any words of wisdom that you would like to share. I’m all ears 🙂