Search

No credit score? A grocery list could be the next best thing

<div class="theconversation-article-body"><a href="https://theconversation.com/profiles/joonhyuk-yang-1548700">Joonhyuk Yang</a>, <a href="https://theconversation.com/institutions/university-of-notre-dame-990">University of Notre Dame</a> and <a href="https://theconversation.com/profiles/jung-youn-lee-1548702">Jung Youn Lee</a>, <a href="https://theconversation.com/institutions/jones-graduate-school-of-business-at-rice-university-5411">Jones Graduate School of Business at Rice University</a> How you shop and what you buy at the grocery store can predict whether you pay your credit card bills on time, <a href="https://doi.org/10.1287/mnsc.2022.02364">our new research shows</a>. As <a href="https://mendoza.nd.edu/mendoza-directory/profile/joonhyuk-yang/">marketing</a> <a href="https://business.rice.edu/person/jung-youn-lee">professors</a>, we wanted to learn about alternatives to traditional credit scores. So we teamed up with a multinational conglomerate that, among other things, runs a large supermarket chain and a credit card issuer. By analyzing consumer-level data from those two business units, we were able to see how 30,089 individuals shop and manage their finances. We found that people with more consistent grocery shopping habits are more likely to pay their credit card bills on time. These are people who tend to shop on the same day of the week, spend about the same amount each month, buy similar items across trips and take advantage of deals regularly. We also found that what people buy predicts how they manage their finances. For example, shoppers who frequently purchase cigarettes or energy drinks are more likely to miss credit card payments. Those who often buy fresh milk or salad dressing tend to be more diligent about paying their bills. In general, buying healthier but less convenient food predicted responsible payment behaviors. This was true even when we held consumer characteristics such as income, occupation, credit score and family size constant. Building on those findings, we developed a credit scoring algorithm that scores people based on their grocery shopping habits along with traditional credit risk indicators. When we simulated approval decisions with this algorithm, we found that using grocery data could help lenders predict defaults more accurately while boosting their per-customer profits. <h2>Why it matters</h2> According to the World Bank, <a href="https://www.worldbank.org/en/publication/globalfindex">more than 1 billion people</a> worldwide lack access to formal financial systems and, as a result, have no credit scores. In the U.S. alone, <a href="https://www.consumerfinance.gov/data-research/research-reports/who-are-credit-invisibles/">about 45 million adults</a> have no credit history or not enough of one to generate a score. This makes it hard for them to access credit, even if they are responsible borrowers. And without credit, it’s harder to get a car, a job or even a place to live. It’s a problem that disproportionately affects <a href="https://www.worldbank.org/en/publication/globalfindex">underprivileged groups</a>, including people of color and women. In response, policymakers and researchers are increasingly interested in using alternative data sources to assess creditworthiness. For instance, <a href="https://www.cnbc.com/2024/07/17/how-on-time-rent-payments-help-credit-invisible-consumers.html">Fannie Mae now considers</a> mortgage applicants’ rent payment histories, allowing those without traditional credit histories to demonstrate their creditworthiness. Grocery data is especially promising because there’s so much of it. Pretty much everybody buys groceries, and not just once. Information about consumer preferences is continuously being generated in every aisle of grocery stores around the globe. Our study shows that this data has value far beyond the grocery industry. <h2>What’s next</h2> We believe that our study serves as a proof of concept, offering insights for the design and implementation of future research. However, several key questions remain. For example, what if this approach affects different groups unequally? And what about privacy concerns? Our follow-up research aims to address these issues. We’re collaborating with a conglomerate in Peru, a cash-reliant country with a significant unbanked population. Building upon our current findings, we’re working closely with that company to test the impact of our approach on low-income populations. We’ll be helping to evaluate credit applicants using retail transaction data, aiming not just to improve profitability but also to boost social inclusion in the region. The <a href="https://theconversation.com/us/topics/research-brief-83231">Research Brief</a> is a short take on interesting academic work.<img style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important;" src="https://counter.theconversation.com/content/234887/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" /> <a href="https://theconversation.com/profiles/joonhyuk-yang-1548700">Joonhyuk Yang</a>, Assistant Professor of Marketing, Mendoza College of Business, <a href="https://theconversation.com/institutions/university-of-notre-dame-990">University of Notre Dame</a> and <a href="https://theconversation.com/profiles/jung-youn-lee-1548702">Jung Youn Lee</a>, Assistant Professor of Marketing, <a href="https://theconversation.com/institutions/jones-graduate-school-of-business-at-rice-university-5411">Jones Graduate School of Business at Rice University</a> Image credits: Shutterstock This article is republished from <a href="https://theconversation.com">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/no-credit-score-a-grocery-list-could-be-the-next-best-thing-234887">original article</a>. </div>

Money & Banking

Old grocery receipt highlights extortionate increase at supermarkets

An old Woolworths receipt from 2021 has revealed the grim reality of increased grocery prices, and how inflation has crippled many in just a few short years. A social media user on X, formerly Twitter, shared her receipt from a Melbourne Woolworths as she highlighted how much more common household items cost today. She said it showed how Aussies were shelling out for costs that appear to have moved well past official inflation levels, which rose to 3.8 per cent by the end of June. “We all knew we’re being ripped off! Australians are now paying up to 200% more for basic grocery items than they were a few years ago!” she wrote. “Oh but inflations (sic) currently back at around 3.8% … yeah my ass it is!!” <blockquote class="twitter-tweet"> Found an old Woolworths receipt circa 2021. We all knew we re being ripped off! Australians are now paying up to 200% more for basic grocery items than they were a few years ago! Oh but inflations currently back at around 3.8% … yeh my ass it is!! Pink Lady Apply $2.90kg… <a href="https://t.co/9OPS6SnOqI">pic.twitter.com/9OPS6SnOqI</a> — Miss Madeleine (@MadsMelbourne) <a href="https://twitter.com/MadsMelbourne/status/1832282784431534448?ref_src=twsrc%5Etfw">September 7, 2024</a></blockquote> Her docket shows how everyday items like coffee grounds, potato chips and stain removers have skyrocketed in price. In the receipt items such as a 250g packet of Bega cheese is priced at $4.50 – it’s now $6 for the same item, discounted from $7.50 according to online pricing. Deli fresh Champagne leg ham sold for $2.50 for 100g according to the receipt, while current prices put that at $4.20. Ozkleen prewash power stain remover is now currently listed as $7 for a 500ml bottle, more than 200 per cent higher than the $2.75 it sold for three years ago. The woman also posted another smaller receipt from the same year, in which she bought grapes and a watermelon. In addition to sharing the image, she wrote, "Another one to add! No wonder Australia is having a cost of living crises! Woolworths Receipt circa 2021. Grapes were $3.50kg, now $14.16 = 304% increase. Watermelon was $1.50 now $6.38kg = 325% increase." Grocery prices have come under the spotlight amid the cost-of-living crisis, with the Australian Consumer and Competition Commission tasked with probing the sector. “We know grocery prices have become a major concern for the millions of Australians experiencing cost of living pressures,” ACCC chair Gina Cass-Gottlieb said in January. “When it comes to fresh produce, we understand that many farmers are concerned about weak correlation between the price they receive for their produce and the price consumers pay at the checkout.” Coles and Woolworths have defended the price rises as being pushed by supply chain struggles, while both companies posted profits of more than $1 billion in the last financial year. A spokesperson for Woolworths also released a statement saying "Ongoing economy-wide inflation means it costs more for many supermarket suppliers to manufacture their products than it did a few years ago. "We remain focussed on delivering lower prices where we can, with our average prices coming down in the last six months, and thousands of specials every week. "The price of fruit and vegetables can vary throughout the year due to weather, seasonality, supply and demand. For example, Haas avocados are currently not in season." Image credits: X / Shutterstock

Money & Banking

Shoppers outraged over Coles bin full of discarded groceries

A shocking photo of a bin filled with discarded groceries at the back of a Coles supermarket has gone viral, outraging many shoppers. The photo, taken behind the Drouin store in West Gippsland, Victoria, shows a skip bin measuring over a metre high overflowing with tens of thousands of dollars worth of food, including meat, ice cream, pasta, pizzas, dips, cheeses, juice and smoked salmon. According to 7News, the products were thrown out after the region was hit with a storm that caused a power outage, and as the store did not have a backup generator, the refrigerated food was spoiled and needed to be thrown out. Coles has explained that items had to be discarded to ensure customer safety, but many shoppers were left shocked and infuriated about the waste, arguing the store should have been ready for the storms with backup generators. “For the 2023/24 financial year, Coles Australia reported a net profit of $1.1 billion and can’t afford back up generators, go figure,” one wrote. Others insisted some of the food could have been saved or donated, as one person said, “Butter that stays on the bench for two weeks (is) fine!” while another insisted, “at least donate it”. A supermarket worker commiserated with the upset shoppers, as they wrote online, “As someone who works for one of the supermarket chains, I have had to partake in this due to a prolonged power outage earlier this year.” “I feel for these staff, there’s nothing worse than having to throw out so much refrigerated stock. Coming from a family who didn’t have much, I get the pain people feel from this incident.” However, one social media user noted that regarding donations, “legally they cannot, if they give someone food poisoning and kill them they are liable”. A Coles spokesperson told <a href="https://www.news.com.au/lifestyle/food/photograph-of-coles-bin-full-of-discarded-items-stuns-shoppers/news-story/871cedeb7daf66422534e4aee55f1ee4" target="_blank" rel="noopener">news.com.au</a> that food safety is a top priority, saying in a statement, “Due to the extreme weather that hit much of Victoria early last week, there were widespread power outages, including in the Drouin and surrounding areas.” “Food safety is paramount at Coles and unfortunately as a result of products being un-refrigerated for an extended period of time, for safety and quality reasons, we needed to dispose of a number of products to ensure customer safety. “Where possible, Coles always donates product that is fit for use and safe for consumption to food rescue organisations.” Image credits: 7News

Money & Banking

What is competition, and why is it so important for prices?

<div class="theconversation-article-body"> <a href="https://theconversation.com/profiles/paul-blacklow-1546097">Paul Blacklow</a>, <a href="https://theconversation.com/institutions/university-of-tasmania-888">University of Tasmania</a> It’s hard to remember a time before the <a href="https://theconversation.com/you-dont-have-to-be-an-economist-to-know-australia-is-in-a-cost-of-living-crisis-what-are-the-signs-and-what-needs-to-change-210373">cost-of-living crisis</a> dominated news headlines. Most of us would certainly like it to be over. But the fundamental question at its heart – which points to the problem we have to solve – seems simple. What determines the prices we pay? The cost of producing goods and services is certainly one big factor in determining how much we pay for them. So, too, is what we’re prepared to fork out. But when we talk about lowering prices, we often also talk about increasing competition – the number of firms vying to sell us a particular offering. It’s so important for efficient pricing that the government body tasked with making our markets fair is called the Australian Competition and Consumer Commission – the “ACCC” for short. But why does having more people trying to sell us things drive down their prices? And can companies find ways to get around this? <h2>More sellers, lower prices</h2> In a free market system, there are a few different types of competition. In the most ideal, a perfectly competitive market, firms must use resources efficiently to produce what we consumers want at the lowest possible cost. In perfect competition: <ul> <li>the products and services traded are identical (or very similar)</li> <li>there are many buyers and sellers</li> <li>information is perfect</li> <li>firms can enter and exit freely.</li> </ul> A firm charging prices well above the minimum cost will sell no goods or services and be forced to leave the market. Why? Because its competitors will be able to steal customers by charging slightly less for exactly the same thing. Only lower-cost firms will remain and compete prices down until they cover the lowest cost of supplying the good or service, plus an average or normal “return on capital”. At a high level, think of this return as an acceptable monetary reward for the business for investing the inputs and taking on the risks required to operate. If ever an industry is earning above-average returns given its level of risk, new firms will enter and charge less, until only normal returns are earned. Conversely, below-normal profits will see firms exit, decreasing supply and raising prices. Do perfectly competitive markets exist? There are arguably some examples that come close, such as casual labour services, some agricultural commodities like grain, livestock and fruit, and financial and currency markets. But there are more examples of less competitive markets. <h2>The winner takes it all</h2> At the opposite extreme, in monopoly markets, there is only one seller of a good or service. Typically, there is some barrier preventing new firms from entering the market and driving prices down. Without government regulation, monopoly firms will reduce supply, increase prices and earn above-normal profit levels. However, sometimes monopolies emerge naturally because it is far more efficient to have a single coordinating supplier of a particular service – such as in letter delivery, rail tracks, or internet infrastructure. To strike a balance, governments typically regulate or own monopolies. <h2>Same same, but different</h2> More common than monopoly is what’s called monopolistic competition, which is the market structure for many of our tech, entertainment and dining goods and services. In monopolistic competition, firms try to make their offering different by investing in R&D and advertising, so that they do not have to compete on price alone. Think Apple’s iPhone versus Samsung’s Galaxy. Both are technically the same kind of product, but have created their own unique markets. Differentiation allows firms to price above minimum cost and earn above-normal rates of return. At least, that is, until new firms enter and imitate them, increasing supply and lowering prices and profits to normal levels. <h2>A few big players hold market power</h2> In Australia, many key goods and services are traded in oligopoly markets. Oligopolies arise when a few large firms dominate a particular industry, such as supermarkets, domestic airlines, banking, mobile telecommunications, and petrol retailing. Some oligopoly markets are very competitive and drive prices down to cost, plus normal return to capital. But in other more concentrated markets with a few powerful firms, firms may have significant market power and be able to keep prices above the competitive level. It is not illegal to possess market power, but according to Australia’s Competition and Consumer Act 2010, it is illegal to use it “for the purpose, effect, or likely effect of substantially lessening competition”. It is illegal, for example, for firms to explicitly work together when setting prices. This is called collusion. Neither can they force suppliers to deal with them exclusively, or set prices below cost when new firms attempt to enter a market. But that doesn’t mean some firms haven’t learned subtle and legal ways of reducing competition. For example, loyalty programs and charging special loss-leading prices can seem at first glance to be good for consumers, but can also increase the <a href="https://theconversation.com/loyalty-programs-may-limit-competition-and-they-could-be-pushing-prices-up-for-everyone-220669">cost of switching</a> to the lowest-priced firm. <h2>Are we getting a good deal?</h2> Still, you may have noticed the prices charged for many goods and services are very similar across different firms in the economy. Have these prices been driven down by competition to their cost plus a normal return to capital? Or are firms abusing their market power to lessen competition in the market? What can we do if firms are reducing competition through legal measures? These are just some of the difficult questions both government and industry are currently grappling with.<img style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important;" src="https://counter.theconversation.com/content/234082/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" /> <a href="https://theconversation.com/profiles/paul-blacklow-1546097">Paul Blacklow</a>, Lecturer in Economics, <a href="https://theconversation.com/institutions/university-of-tasmania-888">University of Tasmania</a> Image credits: Shutterstock This article is republished from <a href="https://theconversation.com">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/what-is-competition-and-why-is-it-so-important-for-prices-234082">original article</a>. </div>

Money & Banking

How sustainable is your weekly grocery shop? These small changes can have big benefits

<div class="theconversation-article-body"><a href="https://theconversation.com/profiles/michalis-hadjikakou-129930">Michalis Hadjikakou</a>, <a href="https://theconversation.com/institutions/deakin-university-757">Deakin University</a>; <a href="https://theconversation.com/profiles/carla-archibald-283811">Carla Archibald</a>, <a href="https://theconversation.com/institutions/deakin-university-757">Deakin University</a>; <a href="https://theconversation.com/profiles/ozge-geyik-1402545">Özge Geyik</a>, <a href="https://theconversation.com/institutions/deakin-university-757">Deakin University</a>, and <a href="https://theconversation.com/profiles/pankti-shah-1547393">Pankti Shah</a>, <a href="https://theconversation.com/institutions/deakin-university-757">Deakin University</a> You might think eating more sustainably requires drastic changes, such as shifting to a <a href="https://theconversation.com/vegan-diet-has-just-30-of-the-environmental-impact-of-a-high-meat-diet-major-study-finds-210152">vegan diet</a>. While a plant-based diet is <a href="https://www.nature.com/articles/s43016-023-00795-w">undeniably</a> good for the Earth, our <a href="https://www.sciencedirect.com/science/article/pii/S2352550924001945#f0025">new research</a> shows modest changes to your eating habits can also have significant environmental benefits. We assessed how food products on Australian supermarket shelves stack up against key environmental indicators, such as carbon emissions and water use. We found swapping the most environmentally harmful foods for more sustainable options within the same food group, such as switching from beef burgers to chicken burgers, can significantly reduce carbon emissions – by up to 96% in some instances. The last thing we want to do is take the pleasure away from eating. Instead, we want to help consumers make realistic dietary changes that also help ensure a sustainable future. So read on to find out which simple food swaps can best achieve this. <h2>Informing sustainable diets</h2> The environmental impact of foods can be estimated using an approach known as a <a href="https://www.cell.com/one-earth/fulltext/S2590-3322(19)30128-9#:%7E:text=In%20this%20Primer%2C%20we%20introduce,cycle%20of%20a%20product%20system.">life-cycle assessment</a>. This involves identifying the “inputs” required along the food supply chain, such as fertiliser, energy, water and land, and tracking them from farm to fork. From this we can calculate a product’s “footprint” – or environmental impact per kilogram of product – and compare it to other foods. Most studies of environmental footprints focus on the raw ingredients that make up food products (such as beef, wheat or rice) rather than the packaged products people see on shelves (such as beef sausages, pasta or rice crackers). Of the studies that do focus on packaged foods, most only consider a fraction of the products available to consumers. What’s more, a lot of research considers only the carbon emissions of food products, excluding other important measures such as water use. And some studies use global average environmental footprints, which <a href="https://www.science.org/doi/10.1126/science.aaq0216">vary significantly</a> between countries. Our research set out to overcome these limitations. We aligned environmental footprints with the products people find on supermarket shelves, and covered a huge range of food and beverage products available in Australia. We also included many environmental indicators, to allow a <a href="https://www.pnas.org/doi/full/10.1073/pnas.2120584119">more complete picture</a> of the sustainability of different foods. <h2>What we did</h2> Key to our research was the <a href="https://www.georgeinstitute.org.au/projects/foodswitch">FoodSwitch database</a>, which compiles food labelling and ingredient data from images of packaged food and beverages. It covers more than 90% of the Australian packaged food market. We combined the database with a <a href="https://www.sciencedirect.com/science/article/pii/S0959652623029748">mathematical method</a> that sums the environmental impact of ingredients, to quantify the footprint of the product as a whole. From this, we estimated the environmental footprint of 63,926 food products available in Australian supermarkets. We then simulated the potential benefits of making “realistic” switches between products – that is, switches within the same food category. <h2>Our findings</h2> The results show how making a small dietary change can have big environmental consequences. For a shopping basket composed of items from eight food groups, we simulate the benefits of swapping from high-impact towards medium- or low-impact food products. Our analysis assumes a starting point from the most environmentally harmful products in each food group – for example, sweet biscuits, cheese and beef burger patties. A shift to the medium-impact foods for all eight items – such as a muffin, yoghurt and sliced meat – can lead to at least a 62% reduction in environmental impact. Shifts towards the most sustainable choice for all items – bread, soy milk or raw poultry – can achieve a minimum 77% reduction. This analysis ends at the supermarket shelves and does not include additional food processing by the consumer. For example, raw meat will usually be cooked before human consumption, which will expand its environmental footprint to varying degrees, <a href="https://www.nature.com/articles/s43016-020-00200-w">depending on the method used</a>. See the below info-graphic for more detail. The full results are available in <a href="https://www.sciencedirect.com/science/article/pii/S2352550924001945">our study</a>. <hr /> <iframe id="sR5yB" class="tc-infographic-datawrapper" style="border: 0;" src="https://datawrapper.dwcdn.net/sR5yB/" width="100%" height="400px" frameborder="0" scrolling="no"></iframe> <hr /> <h2>What next?</h2> Many people are looking for ways to live more sustainably. Insufficient or complex information can fuel confusion and anxiety in consumers, <a href="https://theconversation.com/reducing-eco-anxiety-is-a-critical-step-in-achieving-any-climate-action-210327">leading to inaction or paralysis</a>. Consumers need more information and support to choose more sustainable foods. Supermarkets and retailers also have an important role to play – for example, by giving sustainable products <a href="https://journals.sagepub.com/doi/10.1177/07439156211008898">prominent shelf placement</a>. Attractive pricing is also crucial – particularly in the midst of a <a href="https://theconversation.com/au/topics/cost-of-living-crisis-115238">cost-of-living crisis</a> when it can be difficult to prioritise sustainability over cost. Government interventions, such as information campaigns and <a href="https://journals.sagepub.com/doi/10.1177/07439156211008898">taxing high-impact products</a>, can also help. Food labelling is also important. The European Union <a href="https://environment.ec.europa.eu/topics/circular-economy/eu-ecolabel/product-groups-and-criteria_en">is leading the way</a> with measures such as the <a href="https://docs.score-environnemental.com/v/en">eco-score</a>, which integrates 14 environmental indicators into a single score from A to E. Apps such as <a href="https://www.georgeinstitute.org/projects/ecoswitch">ecoSwitch</a> can also <a href="https://www.sciencedirect.com/science/article/pii/S1326020024000268?via%3Dihub">empower consumers</a>. The diets of people in developed nations such as Australia <a href="https://theconversation.com/sustainable-shopping-want-to-eat-healthy-try-an-eco-friendly-diet-89086">exert a high toll on our planet</a>. More sustainable food choices are vital to achieving a <a href="https://www.thelancet.com/commissions/EAT">sustainable future for humanity</a>. We hope our research helps kick-start positive change.<img style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important;" src="https://counter.theconversation.com/content/234367/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" /> <a href="https://theconversation.com/profiles/michalis-hadjikakou-129930">Michalis Hadjikakou</a>, Senior Lecturer in Environmental Sustainability, School of Life and Environmental Sciences, Faculty of Science, Engineering & Built Environment, <a href="https://theconversation.com/institutions/deakin-university-757">Deakin University</a>; <a href="https://theconversation.com/profiles/carla-archibald-283811">Carla Archibald</a>, Research Fellow, Conservation Science, <a href="https://theconversation.com/institutions/deakin-university-757">Deakin University</a>; <a href="https://theconversation.com/profiles/ozge-geyik-1402545">Özge Geyik</a>, Visitor, School of Life and Environmental Sciences, <a href="https://theconversation.com/institutions/deakin-university-757">Deakin University</a>, and <a href="https://theconversation.com/profiles/pankti-shah-1547393">Pankti Shah</a>, PhD student, <a href="https://theconversation.com/institutions/deakin-university-757">Deakin University</a> Image credits: Shutterstock This article is republished from <a href="https://theconversation.com">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/how-sustainable-is-your-weekly-grocery-shop-these-small-changes-can-have-big-benefits-234367">original article</a>. </div>

Food & Wine

Huge move to bring down cost of groceries

Federal Treasurer Jim Chalmers has announced a series of new measures to help bring down grocery prices ahead of the release of a wide-ranging review into the Grocery Code of Conduct. According to the treasurer, increasing competition among supermarket giants is key to placing “downward pressure on prices”, while also enforcing multibillion-dollar fines on retailers that fail to comply with the mandatory code of conduct. This code is set to dictate how supermarkets like Woolworths, Coles, Aldi and IGA’s parent company Metcash deals with producers and farmers, which will in turn see a reduction of prices for everyday shoppers. While Dr Chalmers stopped short of saying how far prices could drop, he told Sunrise’s Natalie Barr that a more competitive system would create “better outcomes for consumers,” and reduce grocery prices over time. “If it is more competitive, more transparent and people are getting a fair go, better outcomes will be seen at the supermarket checkout,” he said. The Treasurer said this would deliver a “fair go” for families, consumers and producers. “We recognise that the supply chains need to be better for farmers, growers and producers,” he said. “By doing that and making sure the supermarket sector is more competitive we can get better outcome for consumers.” Although the Albanese government has affirmed its support for the review, conducted by former Labor minister Craig Emerson, the final report rejected calls to expand the reforms to non-supermarkets like Bunnings, Chemist Warehouse, and Dan Murphy’s. “The review considers that the code should not be extended beyond supermarkets to cover other retailers,” the inquiry’s final report said. “This is not to say that these markets are functioning well for all players in those markets.” Image credits: MICK TSIKAS/EPA-EFE/Shutterstock Editorial/Shutterstock

Money & Banking

Kochie reveals the simple way to halve your grocery bill

David Koch has revealed the simple trick to help you save big bucks at the supermarket as the cost of living crisis continues to hit hard. Kochie, who is the Compare the Market's economic director, calculated that Aussies can save up to $100 per trip to the grocery shop by making the switch to home brands. According to research of major Australian supermarkets, the average household can save big bucks by choosing not to buy well-known brands, which can lead to a saving of $5,000 per year. "So, when you're doing your supermarket shop, what's in a brand name? Well, let me tell you - plenty," Kochie said in a video posted to the Compare the Market Instagram account. "You are paying plenty more for that loyalty to a brand that you love." <blockquote class="instagram-media" style="background: #FFF; border: 0; border-radius: 3px; box-shadow: 0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width: 540px; min-width: 326px; padding: 0; width: calc(100% - 2px);" data-instgrm-permalink="https://www.instagram.com/reel/C57UwVrvSZ5/?utm_source=ig_embed&utm_campaign=loading" data-instgrm-version="14"> <div style="padding: 16px;"> <div style="display: flex; flex-direction: row; align-items: center;"> <div style="background-color: #f4f4f4; border-radius: 50%; flex-grow: 0; height: 40px; margin-right: 14px; width: 40px;"> </div> <div style="display: flex; flex-direction: column; flex-grow: 1; justify-content: center;"> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 100px;"> </div> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; width: 60px;"> </div> </div> </div> <div style="padding: 19% 0;"> </div> <div style="display: block; height: 50px; margin: 0 auto 12px; width: 50px;"> </div> <div style="padding-top: 8px;"> <div style="color: #3897f0; font-family: Arial,sans-serif; font-size: 14px; font-style: normal; font-weight: 550; line-height: 18px;">View this post on Instagram</div> </div> <div style="padding: 12.5% 0;"> </div> <div style="display: flex; flex-direction: row; margin-bottom: 14px; align-items: center;"> <div> <div style="background-color: #f4f4f4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(0px) translateY(7px);"> </div> <div style="background-color: #f4f4f4; height: 12.5px; transform: rotate(-45deg) translateX(3px) translateY(1px); width: 12.5px; flex-grow: 0; margin-right: 14px; margin-left: 2px;"> </div> <div style="background-color: #f4f4f4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(9px) translateY(-18px);"> </div> </div> <div style="margin-left: 8px;"> <div style="background-color: #f4f4f4; border-radius: 50%; flex-grow: 0; height: 20px; width: 20px;"> </div> <div style="width: 0; height: 0; border-top: 2px solid transparent; border-left: 6px solid #f4f4f4; border-bottom: 2px solid transparent; transform: translateX(16px) translateY(-4px) rotate(30deg);"> </div> </div> <div style="margin-left: auto;"> <div style="width: 0px; border-top: 8px solid #F4F4F4; border-right: 8px solid transparent; transform: translateY(16px);"> </div> <div style="background-color: #f4f4f4; flex-grow: 0; height: 12px; width: 16px; transform: translateY(-4px);"> </div> <div style="width: 0; height: 0; border-top: 8px solid #F4F4F4; border-left: 8px solid transparent; transform: translateY(-4px) translateX(8px);"> </div> </div> </div> <div style="display: flex; flex-direction: column; flex-grow: 1; justify-content: center; margin-bottom: 24px;"> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 224px;"> </div> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; width: 144px;"> </div> </div> <p style="color: #c9c8cd; font-family: Arial,sans-serif; font-size: 14px; line-height: 17px; margin-bottom: 0; margin-top: 8px; overflow: hidden; padding: 8px 0 7px; text-align: center; text-overflow: ellipsis; white-space: nowrap;"><a style="color: #c9c8cd; font-family: Arial,sans-serif; font-size: 14px; font-style: normal; font-weight: normal; line-height: 17px; text-decoration: none;" href="https://www.instagram.com/reel/C57UwVrvSZ5/?utm_source=ig_embed&utm_campaign=loading" target="_blank" rel="noopener">A post shared by Compare the Market AU (@comparethemarket_aus)</a> </div> </blockquote> Compare the Market took to a major supermarket and bought 25 items from big name brands, and another 25 similar items from a challenger supermarket selling cheaper home brands. Based on substituting big-brand products for lesser-known labels, grocery bills would fall from $201.19 a week to $103.51, taking the weekly saving up to $97.68. "Now, multiply that weekly shop over a whole year and that's a saving of over $5,000." "Almost three return economy airfares to London." Everyday Aussies are continuing to struggle with the rising cost of groceries, with the price of bread and cereal increasing by 7.3 per cent in the year to March, an official monthly measure of inflation showed. Image credits: Instagram

Money & Banking

Trying to spend less on food? Following the dietary guidelines might save you $160 a fortnight

<a href="https://theconversation.com/profiles/emily-burch-438717">Emily Burch</a>, <a href="https://theconversation.com/institutions/southern-cross-university-1160">Southern Cross University</a> and <a href="https://theconversation.com/profiles/lauren-ball-14718">Lauren Ball</a>, <a href="https://theconversation.com/institutions/the-university-of-queensland-805">The University of Queensland</a> A rise in the <a href="https://www.aph.gov.au/About_Parliament/Parliamentary_departments/Parliamentary_Library/pubs/BriefingBook47p/CostOfLiving#:%7E:text=Consumer%20Price%20Index%20over%20time,but%205.1%25%20in%20the%20second">cost of living</a> has led many households to look for ways to save money. New research suggests maintaining a healthy diet, in line with the <a href="https://www.eatforhealth.gov.au/guidelines/guidelines">Australian Dietary Guidelines</a>, is cheaper than an unhealthy diet and <a href="https://southwesthealthcare.com.au/wp-content/uploads/SWH-HP-Healthy-Diets-ASAP-Protocol-Warrnambool-Report-2023.pdf">could save A$160</a> off a family of four’s fortnightly shopping bill. Poor diet is the most common preventable risk factor contributing to chronic disease in <a href="https://www.thelancet.com/journals/lancet/article/PIIS0140-6736(20)30752-2/fulltext">Australia</a>. So improving your diet can also be an important way to reduce the chance of developing chronic disease. <h2>First, what are the dietary guidelines?</h2> The guidelines provide information on the quantity and types of foods most Australians should consume to promote overall health and wellbeing. Recommendations include eating a wide variety of nutritious foods from the main five food groups: <ul> <li>vegetables and legumes</li> <li>fruit</li> <li>grains</li> <li>lean meats and meat alternatives such as tofu, nuts and legumes</li> <li>dairy products.</li> </ul> The guidelines recommend limiting our intake of foods high in saturated fat, added salt, added sugars and alcohol. <h2>What are Australians eating?</h2> Fewer than <a href="https://www.abs.gov.au/statistics/health/health-conditions-and-risks/dietary-behaviour/latest-release">7%</a> of Australians eat sufficient vegetables, in line with the Australian Dietary Guidelines. In fact, Australians have an average healthy diet score of <a href="https://www.csiro.au/-/media/News-releases/2023/Total-Wellbeing-Diet-Health-Score/Diet-score-2023-Report_September.pdf">55 out of 100</a> – barely passing. Foods that aren’t part of a food group are known as “discretionary” items, which includes alcohol, cakes, biscuits, chocolate and confectionery and most takeaway foods. Because they’re typically high in kilojoules, saturated fat, sodium and added sugars, the Australian Dietary Guidelines recommend they only be eaten occasionally and in small amounts (ideally zero serves). For many households, discretionary items make up a big portion of their grocery shop. Australians consume an average of <a href="https://www.csiro.au/-/media/News-releases/2023/Total-Wellbeing-Diet-Health-Score/Diet-score-2023-Report_September.pdf">28 serves</a> of discretionary choices per week (equal to 28 doughnuts, 28 slices of cake, or 28 cans of soft drink or beer). This is an increase of ten serves since 2015. One recent <a href="https://link.springer.com/article/10.1186/s12966-022-01389-8">study</a> estimated 55% of Australians’ total energy intake was from discretionary items. <h2>What did the researchers find?</h2> Researchers from the Health Promotion Team at South West Healthcare <a href="https://southwesthealthcare.com.au/wp-content/uploads/SWH-HP-Healthy-Diets-ASAP-Protocol-Warrnambool-Report-2023.pdf">recently</a> visited four local supermarkets and takeaway stores in Warrnambool, Victoria, and purchased two baskets of groceries. One basket met the Australian Dietary Guidelines (basket one), the other aligned with the typical dietary intake of Australians (basket two). They compared prices between the two and found basket one would cost approximately $167 less per fortnight for a family of four at the most affordable supermarket. That’s equal to $4,342 a year. Basket one was sufficient to supply a family of four for a fortnight, and aligned with the Australian Dietary Guidelines. It cost $724 and included: <ol> <li>fruit and vegetables (made up 31% of the fortnightly shop)</li> <li>grains and cereals (oats, cornflakes, bread, rice, pasta, Weet-bix)</li> <li>lean meats and alternatives (mince, steak, chicken, tuna, eggs, nuts)</li> <li>milk, yoghurt and cheese</li> <li>oils and spreads (olive oil).</li> </ol> Basket two reflected the current average Australian fortnightly shop for a family of four. In the project, the team spent over half of the fortnightly shop on processed and packaged foods, of which 21% was spent on take-away. This is based on actual dietary intake of the general population reported in the 2011-2012 <a href="https://www.abs.gov.au/statistics/health/health-conditions-and-risks/australian-health-survey-nutrition-first-results-foods-and-nutrients/latest-release#:%7E:text=Food%20consumption,across%20the%20major%20food%20groups.">Australian Health Survey</a>. Basket two cost $891 and included: <ol> <li>fruit and vegetables (made up 13% of the fortnightly shop)</li> <li>grains and cereals (oats, cornflakes, bread, rice, pasta, Weet-bix)</li> <li>lean meats and alternatives (mince, steak, chicken, tuna, eggs, nuts)</li> <li>milk, yogurt and cheese</li> <li>oils and spreads (olive oil, butter)</li> <li>drinks (soft drink, fruit juice)</li> <li>desserts and snacks (muffins, sweet biscuits, chocolate, ice cream, potato chips, muesli bars)</li> <li>processed meats (sausages, ham)</li> <li>convenience meals</li> <li>fast food (pizza, meat pie, hamburger, fish and chips)</li> <li>alcohol (beer, wine).</li> </ol> <h2>But a healthy basket is still unaffordable for many</h2> While this piece of work, and other <a href="https://www.mdpi.com/1660-4601/15/11/2469">research</a>, suggests a healthy diet is less expensive than an unhealthy diet, affordability is still a challenge for many families. The Warrnambool research found basket one (which aligned with guidelines) was still costly, requiring approximately 25% of a median household income. This is unaffordable for many. For a household reliant on welfare, basket one would require allocating 26%-38% of their income. This highlights how the rising cost of living crisis is affecting those already facing financial difficulties. Around 3.7 <a href="https://reports.foodbank.org.au/foodbank-hunger-report-2023/">million</a> Australian households did not have access to enough food to meet their basic needs at some point in the last 12 months. Policy action is needed from the Australian government to make recommended diets more affordable for low socioeconomic groups. This means lowering the costs of healthy foods and ensuring household incomes are sufficient. <h2>What else can you do to cut your spending?</h2> To help reduce food costs and support your health, reducing discretionary foods could be a good idea. Other ways to reduce your grocery bill and keep your food healthy and fresh include: <ul> <li> planning for some meatless meals each week. Pulses (beans, lentils and legumes) are nutritious and cheap (a can is <a href="https://coles.com.au/product/coles-chick-peas-420g-8075852?uztq=46abcbb7e16253b0cdc3e6c5bbe6a3f0&cid=col_cpc_Generic%7cColesSupermarkets%7cPLA%7cCatchAll%7cAustralia%7cBroad&s_kwcid=AL!12693!3!675842378376!!!g!326304616489!&gad_source=1&gclid=CjwKCAjwkY2qBhBDEiwAoQXK5SceYhU2VtKepNLXWN218GH8Cp8Vs9cnYynCBwRqQPaW3UYNX2SVIBoC_6EQAvD_BwE&gclsrc=aw.ds">less than $1.50</a>. Here are some great pulse recipes to <a href="https://nomoneynotime.com.au/healthy-easy-recipes/filter/keywords--vegetarian/p2">try</a> </li> <li> checking the specials and buy in bulk (to store or freeze) when items are cheaper </li> <li> making big batches of meals and freezing them. Single-serve portions can help save time for lunches at work, saving on takeaway </li> <li> Australian supermarkets are <a href="https://www.theguardian.com/australia-news/datablog/2023/jul/27/cost-of-living-grocery-store-price-rises-cheapest-fresh-produce-australia-woolworths-coles#:%7E:text=The%20results%20showed%20independent%20and,best%20place%20for%20affordable%20groceries">almost never</a> the cheapest place for fresh produce, so shop around for farmers markets or smaller local grocery shops </li> <li> buying generic brands when possible, as they are <a href="https://www.cambridge.org/core/journals/public-health-nutrition/article/streamlined-datagathering-techniques-to-estimate-the-price-and-affordability-of-healthy-and-unhealthy-diets-under-different-pricing-scenarios/872EA6396533166E0C6FA94C809D9CAC#r">notably cheaper</a>. Supermarkets usually <a href="https://theconversation.com/the-science-that-makes-us-spend-more-in-supermarkets-and-feel-good-while-we-do-it-23857">promote</a> the items they want you to buy at eye-level, so check the shelves above and below for cheaper alternatives.<img style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important;" src="https://counter.theconversation.com/content/216749/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" /> </li> </ul> <a href="https://theconversation.com/profiles/emily-burch-438717">Emily Burch</a>, Dietitian & Academic, <a href="https://theconversation.com/institutions/southern-cross-university-1160">Southern Cross University</a> and <a href="https://theconversation.com/profiles/lauren-ball-14718">Lauren Ball</a>, Professor of Community Health and Wellbeing, <a href="https://theconversation.com/institutions/the-university-of-queensland-805">The University of Queensland</a> Image credits: Getty Images This article is republished from <a href="https://theconversation.com">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/trying-to-spend-less-on-food-following-the-dietary-guidelines-might-save-you-160-a-fortnight-216749">original article</a>.

Food & Wine

These 10 smart grocery swaps can help reverse diabetes

Diagnosis diabetes It can feel daunting to be faced with the need to make a major lifestyle change. You enjoy food, and you should. At Reader’s Digest, we like to think nature designed nutrition to taste delicious so it can be a source of pleasure in your day that’s fun to look forward to. If you’ve been diagnosed with diabetes or pre-diabetes, this diagnosis doesn’t have to take over your whole identity and all the things that bring you joy. There are ways to adapt some of your favourite foods so you can still have them! Registered dietitian Jackie Newgent lists interesting meal swaps you can make so that classic dishes can be healthier, while still plenty pleasurable. With some wisdom and dedication, it can be possible to turn your condition around and feel great for good. Pair starchy with non-starchy veggies Instead of: one kilo potatoes Buy: 500g kilo potatoes plus 500g cauliflower This mashed potato hack keeps your total carbs in check without forgoing flavour. Whip equal parts boiled potatoes together with roasted or boiled cauliflower. The results of this dynamic duo may help you better manage your blood glucose, since they’re carb-friendlier than a huge bowl of mashed potatoes alone: 100 grams of cooked potatoes without skin provides 22 grams of total carbohydrates, versus 13 grams total carbohydrate in the 100 gram combination of cooked potatoes and cauliflower. Pick fruit you can chew <div> Instead of: one litre apple juice Buy: one bag of apples Enjoy whole fruit rather than just the juice whenever possible to get all the fibre of the naturally sweet fruit with its edible peel…plus chewing satisfaction. One medium apple contains 4.4 grams of fibre while a 200ml glass or juice box of 100-percent apple juice has 0.4 grams of fibre. The soluble fibre in apples can help slow down absorption of sugars. Polyphenols in apples may have powerful antioxidant properties. Grill a better burger Instead of: 500g 85% lean ground beef patties Buy: 500g ground chicken breast Gram for gram, chicken breast has significantly less saturated fat than the marbly beef of classic burgers. Specifically, an 85g cooked 85% lean ground beef patty has five grams of saturated fat compared to 0.6 grams of saturated fat for a cooked patty made from 85g of chicken breast meat. Keeping saturated fat intake low is especially important when you have diabetes to help keep your heart healthy. Pro-tip: make chicken burgers juicier and tastier by combining ground chicken breast with a little plain yogurt, rolled oats, and herbs and spices before cooking. Look for live cultures in the dairy section Instead of: one container regular cottage cheese Buy: one container plain low-fat Greek yogurt or cultured cottage cheese Probiotics are “good” bacteria that help keep your gut healthy. For people with type 2 diabetes, research published in Advances in Nutrition suggested that probiotics may also have glucose-lowering potential. So, pop products with live active cultures (probiotics) into your cart while strolling by the dairy aisle. Choose plain low-fat Greek yogurt or cultured cottage cheese. Be sure to read the nutrition labels, since probiotics aren’t in all dairy foods. And, for the lower-sodium pick, stick with yogurt. Choose healthier-sized grain portions Instead of: 1/2 dozen bakery-style plain bagels Buy: one package of wholegrain English muffins Swapping wholegrain in place of refined grain products helps kick up fibre and other plant nutrients. Studies suggests this is linked to lower risk of type 2 diabetes. Also, opting for healthier-sized varieties, such as wholegrain English muffins rather than big bakery-style plain bagels helps cut kilojoules (and carbs) – not enjoyment – while promoting a healthier weight. In fact, you’ll slash over 1000 kilojoules by enjoying a whole-wheat English muffin instead of that oversized 140g bagel. Get your munchies with benefits Instead of: one bag of potato chips Buy: one jar or bulk-bin container of roasted peanuts It’s a no-brainer: a small handful of nuts is a better bet than potato chips. Peanuts, for instance, offer a triple whammy of dietary fibre, plant protein and healthy fat, which can boost satiety. Greater satisfaction means a greater chance you’ll keep mealtime portions right-sized. When peanuts or other nuts are eaten along with carb-rich foods, they can help slow down the blood sugar response. Plus, a Mediterranean study found that higher nut consumption may be associated with better metabolic status. Dress a salad smartly Instead of: one bottle of fat-free salad dressing Buy: one small bottle olive oil plus one small bottle balsamic or red wine vinegar Some bottled salad dressings can trick you. For instance, “fat-free” salad dressing may be loaded with added sugars. (For reference: four grams of sugar is equal to one teaspoon.) So, read salad dressing labels carefully for sneaky ingredients, especially excess salt (over 250 milligrams of sodium per two-tablespoon serving) or added sugars (more than five grams added sugars per two-tablespoon serving). Better yet, keep it simple and make your own vinaigrette using 2-3 parts oil to 1 part vinegar. Select less salty soup Instead of: one can/carton of vegetable- or bean-based soup Buy: one can/carton of low-sodium vegetable- or bean-based soup When compared to people without diabetes, sodium levels were higher in patients with type 2 diabetes, based on a meta-analysis published in European Journal of Nutrition. Curbing sodium intake is beneficial for people with diabetes since too much may increase your risk for high blood pressure. So, slurp up soup that’s low in sodium. And kick up flavour with a splash of cider vinegar, grated citrus zest, herbs, spices, or a dash of hot sauce. Go for "naked" fish Instead of: Breaded fish sticks Buy: Frozen salmon fillets Cut salmon into large cubes, season, and grill on skewers. Or make fish sticks by simply cutting into skinny fillets, season and roast. Why? Research published in Diabetes Care finds that eating oily fish may be associated with a lower risk of type 2 diabetes. Non-oily fish, like the whitefish in fish sticks, didn’t show this link. Salmon is an oily fish and a major source of omega-3 fatty acids, a heart-friendly fat. Plus: when you make your own salmon skewers or sticks, you won’t have extra carbs from breading. Do dip with a punch of protein Instead of: one container of sour cream & onion dip Buy: one container of pulse-based dip, like hummus Wise snacking can be helpful for managing blood glucose. It can also be delicious. Dunk veggies or wholegrain pita wedges into pulse-based dip, like hummus, black bean dip, or lentil dip. Check this out: one-quarter cup (that’s 60 grams) of onion dip has 870 kiljoules, five grams of saturated fat, 1.2 grams of protein, and 0.1 grams of fibre, while one-quarter cup hummus has 590 kilojoules, 1.5 grams of saturated fat, 4.7 grams of protein, and 3.3 grams of fibre. Hummus clearly wins! Image credits: Getty Images This article originally appeared on <a href="https://www.readersdigest.com.au/healthsmart/diabetes/reverse-diabetes-10-smart-grocery-swaps?pages=1" target="_blank" rel="noopener">Reader's Digest</a>. </div> <div class="slide-image" style="font-family: inherit; font-size: 16px; font-style: inherit; box-sizing: border-box; border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"> </div>

Food & Wine

"That's insane": Vintage Woolies receipt shines a light on cheaper days

One mum has gotten more than she bargained for while cleaning out her wardrobe, stumbling across an old Woolworths receipt from 2011. While the item itself wasn’t so exciting - and most would immediately toss it away upon discovery - she looked a little further, and one thing stood out to her: the prices. “I'm currently going through my wardrobe and I found this receipt in a coat pocket," Tegan explained in a video posted to her TikTok, where she displays the receipt for everyone’s inspection. “It's from 2011, very vintage, and I was a new mum." Her purchases can be seen in the clip, highlighting the size and prices of the various items she picked up that year - the likes of baby formula, spinach, chocolate, capsicum, avocado, and lamb cutlets, totalling the sum of just $49.59. As she noted, the price of meat was her main point of interest, as it was “so cheap” at just $13.50 in 2011. Meanwhile, in 2023, anything under $20 is considered something of a bargain. However, for those in the comments, the chocolate was the true upset. And as many pointed out, it hadn’t just gotten more expensive, it had also gotten a lot smaller. “Lol that Cadbury is now 180g and $5.50,” one wrote. “That’s what I looked up,” Tegan agreed. “Less for more”. “Block of dairy milk was 200g too,” another chimed in to add, “now it's 180g”. And another simply declared, “omg that's insaaane how much the price has changed!!” For those whose priority is the baby formula, it was painful, with one pointing out that their brand had almost doubled in price - it had been $23.99 for Tegan back then, and marketed at $40 in present times. “A weekly essential for some parents,” Tegan noted, “would blow out my budget these days.” “My baby drinks the same formula it costs me $36,” another shared. “Gosh I feel for you,” Tegan said in response, before adding, “we went through so many tins.” One had a suggestion to properly compare the prices over the years, telling Tegan she should “buy it all again and put the two together.” Tegan, however, already had a suspicion, responding that “it’d probably be over $100”. <div class="embed" style="box-sizing: inherit; margin: 0px; padding: 0px; border: 0px; font-size: 16px; vertical-align: baseline; outline: none !important;"><iframe class="embedly-embed" style="box-sizing: inherit; margin: 0px; padding: 0px; border-width: 0px; border-style: initial; vertical-align: baseline; width: 620.262px; max-width: 100%; outline: none !important;" title="tiktok embed" src="https://cdn.embedly.com/widgets/media.html?src=https%3A%2F%2Fwww.tiktok.com%2Fembed%2Fv2%2F7222124774753914113&display_name=tiktok&url=https%3A%2F%2Fwww.tiktok.com%2F%40iknowtegan%2Fvideo%2F7222124774753914113&image=https%3A%2F%2Fp16-sign-sg.tiktokcdn.com%2Fobj%2Ftos-alisg-p-0037%2Fo8NV61AAAAAhBcwAO5z9oyIDHEzIgJIMRfJCsZ%3Fx-expires%3D1681808400%26x-signature%3DLWrE8R7Hek5U6KPv29JqPD2%252FH7c%253D&key=59e3ae3acaa649a5a98672932445e203&type=text%2Fhtml&schema=tiktok" width="340" height="700" frameborder="0" scrolling="no" allowfullscreen="allowfullscreen"></iframe></div> Images: TikTok

Money & Banking

Groceries option even cheaper than ALDI

With the cost of living crisis many Aussies are struggling to put dinner on the table, so they’re turning away from big chains like IGA and Coles and heading over to supersize store Costco. Originally an American chain, there are only 15 Costcos across the country, but with inflation rising to seven per cent and interest rates sitting above six per cent, Aussies are rethinking where and how they shop. Costco is being boasted as a lifesaver and worth the drive if you don’t live near one of the stores. Many Aussie parents have turned to Costco to help their families through the tough times, but it’s not your ordinary grocery store. Costco required you pay a $60 annual membership fee to shop there. The fee entitles members to exclusive access to its petrol stations as well. Although an upfront fee may leave shoppers hesitant, plenty of Aussies have shared online that it’s worth the money. Costco differs from other grocery stores because it’s a wholesaler, so you can only buy things in bulk. The idea is that shoppers spend more to begin with, but it ends up costing them less in the long run. It’s very much suited to large households. An Aussie mum posted on Facebook to share that popping her “Costco cherry”, saved her over $500. “I did a bit of maths, if I did the same shop at Woolies/Coles, I would have spent $1160. If I shopped at Aldi, I would have spent $985. If you can afford to buy in bulk, I highly recommend it will save you in the long run,” she wrote on Facebook. She shared exactly what she bought to have that much cash left over, and believes she managed to buy enough snacks to last an entire school term. “School lunch snacks x3 kids, will last the whole of next term (I do a three snack rule and put them in a zip lock bag, to grab and go, chips – vege chips, smith’s or jumpys, tiny teddy’s or panda Bickies and some muesli bar/fruit stick) then I just have to add a sandwich, fruit and popper.” The mum also bought some everyday items like, “Toilet paper, poppers and water,” and stocked up on meat to last a good while. “Mince, pork, beef, all divided up into 1kg lots and frozen,” she explained. She also stocked up on hand wash, cheese and fruit and veg, but shared that some of the most significant savings came from buying pantry basics. “Spices and sauces, Big savings here if you use a lot, like I do, as I cook most things from scratch,” she said. She added she thinks the membership is worth it if shoppers are savvy in their approach. “Everyone says the $60 membership isn’t worth it; well, if you shop smart, it’s well worth it; I’m going to aim to go 4 times a year,” she shared. She’s no outlier when it comes to Aussie mum’s shopping at Costco. One mum shared that with three kids in high school, the savings are worth it. “The snacks are so much cheaper than at supermarkets,” she revealed, adding that she heads over to Costo every few months to stock up. “I spend a few hundred every two or three months, and it saves me on buying expensive snacks every week.” Another mum chimed in, agreeing that it was a lifesaver for snacks and cheap meat options. “It is good for meat products and lunch box items,” the woman said. Another shared that it is worth the investment, particularly to find affordable options for school lunches. “If you have kids at school! 100 per cent I recommend it. I got a month’s worth of school stuff for what I was spending a fortnight,” she shared. While another revealed that Costo has helped keep her budget down during these tough times. “Costco saves us so much money on school snacks and meat alone!” Plenty of shoppers have been referred to ALDI if their regular shop is proving too costly, but Costco can save you the big bucks. Image credit: Shutterstock

Food & Wine

“Budget queen”: Mother shares insane shopping hack

A Sydney mother has caught the attention of the internet after sharing her grocery haul for her family of nine. The mother spent under $250 on her shop from Woolworths and Aldi. She claims it will provide a total of 12 dinners and “a bunch” of snacks for school over the next fortnight. She mentioned that a year ago the same grocery shop would have cost significantly less as the cost of living crisis continues to soar. “So we are a family of nine, two adults, two teenage girls (19 and 13) four boys (11, nine, six and four) and a nearly four month old who will be starting on puree food next week,” she said. “Only a year ago this would have been around $175. This will make 12 dinners and a bunch of school snacks. “Normally I also buy around three to four packs of winter vegetables from Aldi, but they have sold out. I also normally go to Hunter and Gather to buy all our fresh fruit and vegetables. We buy milk when needed. “We buy bulk items like toilet rolls and laundry powder at Costco twice a year, which a 60pk of toilet paper would last around five months and the laundry powder around seven months.” The mother is currently on maternity leave, which in turn has her feeling the pinch even more, and she aims to keep her family’s “bellies fuller for longer”. “We try to keep to foods that are healthy and will keep our bellies fuller for longer. If I can hide veggies in it, it's a bonus.” She plans to use the ingredients to make meals that will last a fortnight such as devilled sausages, supergreen spaghetti, Irish stew and flaxseed chicken wraps. The kids’ school lunches include ham, cheese and a wrap with hummus. Lunchbox snacks vary from oat brownies to apple sauce muffins and lemon and almond meal cake, with fruit also. “The school snacks are a deal breaker. oats are so cheap and you can make so much with them and they are a real hunger tamer. I’ve always been a huge fan of baking because of my mum, so I make all my kids snacks.” The online community praised her price-cutting hacks, with one user labelling her the “budget queen”. A second commented, “Wow, wow, wow, I spend well over that a week for a family of four”. And a third said, “I’m taking note! We have two adults, two children under five and a dog and I spend $220 a week. I’m so impressed!” “That’s a well planned shop” another said. “Good on you for making it work at that price for that many people. Sadly in my house we are 2x dairy allergy and 2x lactose intolerant so I can only dream of that budget.” Image credit: Facebook

Money & Banking

Prices to drop for everyday grocery favourites

Aussie households struggling to keep up with the cost of living will be happy to know the low prices they’re paying for some grocery items will continue to drop further this year, with some farmers reporting a bumper crop. Industry experts have said price falls will include meat, poultry and grain, while some fruit and vegetable costs will remain low. The National Farmers Federation said there has been a strong supply of berries, lettuce and avocados to markets, and the prices will not increase further. “It’s great news for consumers,” NFF Horticulture Council executive officer Richard Shannon said. “Over the last couple of years, we’ve seen dramatic increases to the cost of production. That’s a result of disrupted supply chains,” Shannon explained, in reference to the Queensland floods as well as increased prices for fertiliser, packaging and farm labour. “Some of those supply chains are starting to open up again,” he continued. Avocados Australia’s weekly supermarket report saw the price of a single avocado being about $1.80 to $3, depending on the variety. CEO John Tyas said customers could expect prices to stay that low, with avocado supply up 10 per cent for the May season. “We’re expecting pretty steady supply through to the end of the year,” he said. Lettuce was four times its usual price mid-2022, being sold at $12 a head. It is now priced at $3.50 at various stores. A spokesperson for the peak body representing vegetable growers, AusVeg, said the cost of winter vegetables such as carrots, lettuce, celebrity, pumpkin and beans would also see a drop in price as they come into season due to a strong supply. Other retail experts predict the price of meat and poultry will come down after having peaked in 2022. QUT Business School Professor of Marketing and Consumer Behaviour Gary Mortimer told Sunrise, “With growing conditions improving, we’ll start to see more supply into the market, and accordingly, prices will fall,” "I think we’ll see some price relief in some of the other fresh departments, including meat, particularly poultry and grain.” Mortimer also said as farmers, particularly in central NSW, recovered from two years of drought, there was more grain to feed their livestock. The Australian Bureau of Agricultural and Resource Economics and Sciences’ latest forecast for sheep and lamb prices confirmed meat prices would fall because “farmers had rebuilt their flocks” and there were more animals available for slaughter. According to BARES' latest agricultural snapshot, “industry production and export values are forecast to hit record levels in 2022-23, with broadacre and dairy farm cash incomes remaining well above historical benchmarks”. Executive director Dr Jared Greenville said the good performance would likely continue into the foreseeable future, with weather partners expected to return to normal after several years of severe rainfall in some regions. “Despite the deteriorating conditions, strong soil moisture, full water storages and the rebuilding of our herds and flocks will provide a buffer for overall production, giving us another year in the high country,” he said. Image credit: Shutterstock

Money & Banking

Savvy mum shares little-known tip to save big bucks at Woolworths

A savvy mother-of-five has shared a valuable hack that has seen her save up to $80 in her Woolworths grocery shop. Posting a video on TikTok sharing the little-known tip, Kate revealed how two simple steps can shave 14 per cent off the monthly grocery bill. The mum explained the steps saved her $80 on her most recent shopping trip, and how they can be repeated “every single month”. In her video, Kate explains how buying a Woolworths mobile SIM card gives you a 10 per cent discount to use each month. She goes on to explain that buying Woolworths gift cards on the supermarket’s app gives you an extra 4 per cent discount, with the gift cards themselves able to be spent on groceries. “I saved a fortune on my groceries today, and I’m going to give you a couple of little hacky hacks and tell you how because it’s f****** expensive out there,” she said. “Step one, you’re going to grab yourself a Woolworths mobile SIM card. Not only is it going to save you money because it’s not a s**** plan that has crappy inclusions - it’s actually really decent and pay-as-you-go, so you’re not going to put yourself in debt." “What this also does is give you a code every single month for 10 per cent off your grocery totals." “So, if you save that code for a week when you do a big pantry top-up - grab your nappies, grab those extra cleaning products, whatever it might be, use that 10 per cent off code. It works." “I mean, they say up to $500 but I just did one slightly over $500 and it still gave me the full 10 per cent off.” The mum then shared how buying Woolworths gift cards through the supermarket’s app can also help you save. “Once you have that grocery total, after your 10 per cent offer’s been taken off, you’re then going to log back into your Woolworths mobile account because that’s going to give you access to discounted gift cards,” she continued. “You can grab a Woolworths gift card for 4 per cent off and then pay for your groceries using that discounted gift card. That gives you a further saving of 4 per cent, making your total 14 per cent - before you’ve even shopped specials, you’ve saved some money.” She hoped that by sharing the tips she could help struggling Aussie families save some money on essentials going into the festive season. Image credits: Getty Images

Money & Banking

Ground-breaking change coming to grocery stores

While Australians are still copping the effects of supply chain issues in supermarkets, many shoppers are faced with the frustration of empty shelves at their local grocer. But now, a ground-breaking initiative could solve those issues for good. IGA's Local Grocer initiative will allow customers to actually decide what is in stores, in what is the biggest brand rollout in the country. With the use of technology, supermarket data and old school customer interaction, a bespoke offering will be created for locals, with no two Local Grocers will be the same, and each of the 400 stores set to open within months will cater to the specific wants and needs of their community. IGA’s flagship Local Grocer store has just opened in the Sydney northwest suburb of Epping, and the concept is already a hit with local shoppers. Run by brothers Antoine and Richard Rizk under the Mint Fresh banner, the Epping store is the pair’s fifth venture after working in the sector for more than a decade. Antoine told <a href="https://www.news.com.au/finance/business/retail/massive-changes-coming-to-hundreds-of-australian-supermarkets/news-story/0e07af390f34ed331689ee607ee31d55" target="_blank" rel="noopener">news.com.au</a> it was designed so that “locals can get pretty much everything they need in one place”, and he said they had even chosen not to install self-service checkouts “so that we can truly get to know our local shoppers”. He explained they had used an app and focus group to get feedback about the types of products customers wanted to see in store before the launch. “There’s a lot of customisation for the local Asian community, and we have quite a big range in the grocery, dairy, freezer and fruit and vegetable aisles,” he said. “Being locals within the geographical area, we spoke to a lot of people and looked at a lot of competitors, and we also used an app … to recruit customers for a focus group." “The survey provided us with a bunch of feedback about how frequently they cook and what kinds of products they require." “We’ve had customers come in nearly every day since we opened, and that’s a good sign. Our customisation is a huge point of difference and it gives us a competitive advantage. Having that local knowledge is critical." Image credits: Getty Images

Food & Wine

Floods, pandemics, wars and market forces: what’s driving up the price of milk

At the end of 2021, the cost of a litre of home-brand milk in an Australian supermarket <a href="https://www.abc.net.au/news/rural/2021-11-25/dairy-farmers-welcome-woolworths-milk-price-lift/100650118" target="_blank" rel="noopener">was about $1.30</a>. It’s now about $1.60. What will it cost at the end of 2022? That depends on the continued effect of flooding on prime dairy-production regions in New South Wales, Victoria and Tasmania, as well as on global economic conditions. The Australian Bureau of Agricultural and Resource Economics and Science has projected <a href="https://www.agriculture.gov.au/abares/research-topics/agricultural-outlook/dairy" target="_blank" rel="noopener">a 28% increase</a> in the farm-gate milk price in 2022-23 – to 72.5 cents per litre, a record high. With less milk being produced, it could be even more. <hr /> Australia’s dairy regions <figure class="align-center zoomable"><a href="https://images.theconversation.com/files/490779/original/file-20221020-19-64n8np.png?ixlib=rb-1.1.0&q=45&auto=format&w=1000&fit=clip"><img src="https://images.theconversation.com/files/490779/original/file-20221020-19-64n8np.png?ixlib=rb-1.1.0&q=45&auto=format&w=754&fit=clip" sizes="(min-width: 1466px) 754px, (max-width: 599px) 100vw, (min-width: 600px) 600px, 237px" srcset="https://images.theconversation.com/files/490779/original/file-20221020-19-64n8np.png?ixlib=rb-1.1.0&q=45&auto=format&w=600&h=464&fit=crop&dpr=1 600w, https://images.theconversation.com/files/490779/original/file-20221020-19-64n8np.png?ixlib=rb-1.1.0&q=30&auto=format&w=600&h=464&fit=crop&dpr=2 1200w, https://images.theconversation.com/files/490779/original/file-20221020-19-64n8np.png?ixlib=rb-1.1.0&q=15&auto=format&w=600&h=464&fit=crop&dpr=3 1800w, https://images.theconversation.com/files/490779/original/file-20221020-19-64n8np.png?ixlib=rb-1.1.0&q=45&auto=format&w=754&h=583&fit=crop&dpr=1 754w, https://images.theconversation.com/files/490779/original/file-20221020-19-64n8np.png?ixlib=rb-1.1.0&q=30&auto=format&w=754&h=583&fit=crop&dpr=2 1508w, https://images.theconversation.com/files/490779/original/file-20221020-19-64n8np.png?ixlib=rb-1.1.0&q=15&auto=format&w=754&h=583&fit=crop&dpr=3 2262w" alt="" /></a><figcaption><a class="source" href="https://www.agriculture.gov.au/abares/research-topics/surveys/dairy#financial-performance" target="_blank" rel="noopener">ABARES</a>, <a class="license" href="http://creativecommons.org/licenses/by-nc-nd/4.0/" target="_blank" rel="noopener">CC BY-NC-ND</a></figcaption></figure> <hr /> It’s a case of higher demand and lower supply. Production has been declining since 2014. In the first half of 2022, ABARES says milk production was about 7% lower than the same period in 2021: <blockquote> This was driven by extreme weather events: a drier than average start of the year in southern Victoria and northwest Tasmania, flooding in regions of Queensland and northern New South Wales. Also, with export prices for Australian dairy products increasing substantially at the start of 2022, less milk was available to the domestic market. </blockquote> Obviously, things aren’t all rosy. Some dairy farmers face the devastation of natural disasters. All face the same post-COVID challenges as other primary producers. Russia’s war on Ukraine has help drive up <a href="https://www.austrade.gov.au/news/insights/insight-farm-food-costs-rise-due-to-higher-energy-prices" target="_blank" rel="noopener">costs of inputs</a>, from fertilisers to <a href="https://www.agriculture.gov.au/abares/data/weekly-commodity-price-update/australian-agricultural-prices" target="_blank" rel="noopener">feed</a>. Labour is <a href="https://www.reuters.com/business/australia-needs-workers-million-are-stuck-door-2022-08-31" target="_blank" rel="noopener">hard to find</a>. But for all that, the record high farm-gate price is good news for an industry where the number of farmers has declined by a quarter in the past decade (from <a href="https://www.aph.gov.au/DocumentStore.ashx?id=b16a172f-6300-4ee0-918a-b235cf9da725">about 7,500</a> in 2011 to <a href="https://www.dairy.com.au/our-industry-and-people/our-regions">about 5,700</a> now). Deregulation stirs the pot Until 2000, farm-gate milk prices were regulated. State and territory governments set minimum farm-gate prices that maintained farmer income. This was abandoned in July 2000. With deregulation, farmers, processors and supermarkets were set free to negotiate prices. In economic theory, free trade works fine when you have a large number of buyers and sellers, all with the same amount of information about what is happening in the market. But in the milk industry, thousands of producers sell to a handful of milk processors, who then sell to even fewer retailers. The major supermarkets control almost <a href="https://milkvalue.com.au/australian-dairy-market/sales-trends/" target="_blank" rel="noopener">60% of total milk sales</a>. This is not always such a problem. It is not often you hear fresh producers screaming at supermarkets, in what is a very similar arrangement. But with the dairy industry, as noted in a <a href="https://www.agriculture.gov.au/sites/default/files/documents/review-report-dairy-industry-code.docx" target="_blank" rel="noopener">2021 report</a> from the Department of Agriculture, Waters and the Environment, there is a “perceived market failure”. Why? It has to do with how supermarkets have used their power. Waging the milk price war To give time for the market to find an equilibrium, the Howard government introduced a “Dairy Adjustment Levy” of 11 cents per litre to support farmers through deregulation. This levy remained in place until 2008, when it was abolished by the Rudd government. Then, in 2011, the “milk war” broke out. Coles had the idea of luring shoppers from Woolworths by selling milk <a href="https://www.smh.com.au/business/milk-wars-leave-sour-taste-in-farmers-mouths-20120120-1q9st.html" target="_blank" rel="noopener">at $1 a litre</a>. Woolworths responded. Aldi joined the move. And the war kept prices artificially low for almost a decade. Supermarkets put the squeeze on processors, who had little option but to accept what was offered for crucial supermarket contracts. Processors then put the squeeze on farmers. <hr /> <iframe id="5TukM" class="tc-infographic-datawrapper" style="border: none;" src="https://datawrapper.dwcdn.net/5TukM/1/" width="100%" height="400px" frameborder="0"></iframe> <hr /> Many decided the effort was not worth it, and quit farming. Milk production peaked in 2014 then declined. Supermarkets finally abandoned $1/litre milk in 2019, under considerable public and <a href="https://www.abc.net.au/news/2019-02-23/milk-wars-whats-at-the-heart-of-dairys-battles/10838390" target="_blank" rel="noopener">political pressure</a> to acknowledge that, after eight years with no increase, some rebalancing was needed. During this time, overseas demand for dairy products has also been increasing, especially in Asia. Now <a href="https://www.dairyaustralia.com.au/westvic-dairy/industry-statistics/industry-reports/australian-dairy-industry-in-focus#.YzA0_nZByM9" target="_blank" rel="noopener">about 32%</a> of Australian dairy production is exported – not as fresh milk, but as cheese, butter and other dairy products. (It takes about 10 litres of milk to make <a href="https://www.dairysafe.vic.gov.au/consumers/dairy-foods/cheese" target="_blank" rel="noopener">1 kilogram of cheese</a>, and 20 litres to make <a href="https://www.dairysafe.vic.gov.au/consumers/dairy-foods/butter" target="_blank" rel="noopener">1kg of butter</a>.) On top of that, lately US and European dairy farmers have had a hard time <a href="https://www.agriculture.gov.au/abares/research-topics/agricultural-outlook/dairy#milk-production-to-increase-but-export-volumes-to-fall" target="_blank" rel="noopener">with drought</a>, increasing international prices. The United Nations’ Food and Agriculture Organization’s Dairy Price Index increased by more <a href="https://www.fao.org/3/cc1189en/cc1189en.pdf" target="_blank" rel="noopener">than 17%</a> from 2020 to 2021, and is expected to rise another 15% by the end of this year. <hr /> Australian milk production and farm-gate price <figure class="align-center "><img src="https://images.theconversation.com/files/486429/original/file-20220926-15788-17niif.png?ixlib=rb-1.1.0&q=45&auto=format&w=754&fit=clip" sizes="(min-width: 1466px) 754px, (max-width: 599px) 100vw, (min-width: 600px) 600px, 237px" srcset="https://images.theconversation.com/files/486429/original/file-20220926-15788-17niif.png?ixlib=rb-1.1.0&q=45&auto=format&w=600&h=350&fit=crop&dpr=1 600w, https://images.theconversation.com/files/486429/original/file-20220926-15788-17niif.png?ixlib=rb-1.1.0&q=30&auto=format&w=600&h=350&fit=crop&dpr=2 1200w, https://images.theconversation.com/files/486429/original/file-20220926-15788-17niif.png?ixlib=rb-1.1.0&q=15&auto=format&w=600&h=350&fit=crop&dpr=3 1800w, https://images.theconversation.com/files/486429/original/file-20220926-15788-17niif.png?ixlib=rb-1.1.0&q=45&auto=format&w=754&h=440&fit=crop&dpr=1 754w, https://images.theconversation.com/files/486429/original/file-20220926-15788-17niif.png?ixlib=rb-1.1.0&q=30&auto=format&w=754&h=440&fit=crop&dpr=2 1508w, https://images.theconversation.com/files/486429/original/file-20220926-15788-17niif.png?ixlib=rb-1.1.0&q=15&auto=format&w=754&h=440&fit=crop&dpr=3 2262w" alt="" /><figcaption><a class="source" href="https://www.agriculture.gov.au/sites/default/files/images/ac-sept-2022-dairy-fig-1-2.png">ABARES; Dairy Australia</a></figcaption></figure> <hr /> The projected 28% rise in farm-gate milk prices in 2022-23 will bring the value of the Australian dairy production to a record <a href="https://www.agriculture.gov.au/abares/research-topics/agricultural-outlook/dairy" target="_blank" rel="noopener">$6.2 billion</a>. Which is good news for the long term sustainability of dairy farming in Australia. You might not appreciate it, but to keep dairy farmers in business, a fair price must be payed for your fresh milk. <img style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important;" src="https://counter.theconversation.com/content/191064/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" />Writen by Flavio Macau. Republished with permission from <a href="https://theconversation.com/floods-pandemics-wars-and-market-forces-whats-driving-up-the-price-of-milk-191064" target="_blank" rel="noopener">The Conversation</a>. Image: Getty Images

Money & Banking

Seven ways to save money on your groceries

Buying groceries can take a large chunk out of your budget, so follow these tricks to slash those costs today! Grocery shopping can be expensive. But, as we all have to eat, it becomes a matter of outsmarting the supermarket. Can it be done, helping you save money in the process? Yes! Here’s some ideas. Plan your meals for the week This tip is not only good for your hip pocket, but your waistline. By planning your meals and snacks in advance, you’re being disciplined about the fuel that’s powering your body. Plus, you won’t be tempted to buy baked goodies or other sweets that you see on sale, which is always strategically placed when you first enter the supermarket. Plan out your meals and write down what you need on a shopping list. Take this with you and stick to it! Everyone is guilty of making a shopping list and then adding to it while they’re browsing the aisles. This is a sure-fire way to buy treats or snacks you wouldn’t normally have planned for and to blow out your weekly grocery budget. Make a list and stick to it Once you’ve planned out your meals, write down what you need on a shopping list. Take this with you and stick to it! Everyone is guilty of making a shopping list and then adding to it while they’re browsing the aisles. This is a sure-fire way to buy treats or snacks you wouldn’t normally have planned for and to blow out your weekly grocery budget. Have a weekly clean-out of the fridge and cabinets Have you ever tried to find an ingredient, like the Worchester sauce, only to have to take out half the pantry because it’s at the back and the shelves are packed to the rafters? Over time, non-perishable items, such as sauces, baking goods, cooking oils, pasta, spices and other cooking essentials that don’t expire in the short term, accumulate in the kitchen pantry and surrounding cupboards – just like old crockery you don’t use anymore. By scheduling in a weekly review or clean-out, you can keep on top of what is in the pantry so you’re not doubling up in your grocery shop and ensuring that you’re using everything purchased until it’s completely empty. Sign up for supermarket loyalty programs Free to join and easy to use, supermarket loyalty programs are a good way to save a few bucks here or there. While each differ with what rewards they offer their customers, it’s a good idea to sign up to all of your local supermarkets. Keep them handy and use them whenever you purchase groceries. While some loyalty programs will try to advertise certain products for a special price, if this a product you don’t normally buy, then avoid buying it now. This rule should apply to products purchase in-store that are advertised as “on special”. Know what discounts your local supermarket offers Some supermarkets or local fruit and veg stores will offer their own special discounts for people over-60 for certain days. You may need to hold a Seniors Card to get the discount, so if you’re eligible consider getting a card. This can be done through your state government’s human services department. Buy supermarket brands over established names A few years ago, home brand items in supermarkets carried a certain stigma around them. Now, however, with the competition considerably warmed up between supermarket giants, home brands have a revamped image. Most people today don’t have a problem buying supermarket-branded items, with many of these products taking over from traditional “name” brands. Price has become the biggest motivating factor for buying supermarket brands. If you’re not too fussy or loyal to any of the established brands, why not try a supermarket item? It could save you considerably at the checkout without affecting your tastebuds too much. Don’t shop hungry! Did you know that hungry people are more likely to spend more at the supermarket and have bigger waistlines? While the advice to avoid grocery shopping when your stomach is grumbling for food has been around for a while, a 2013 study published in the Journal of the American Medical Association showed just how much it can influence what you buy in a supermarket. Researchers gave a group of people a snack before sending them off to shop while another group was given no snack. While both groups bought a similar amount of food, the group of people who hadn’t eaten first bought more food with higher calories. Shopping while you’re hungry will also see your nose turn and your mouth start to salivate towards the whiff of freshly baked bread or roast chicken, perhaps even buying one of these when it wasn’t on the shopping list. If you’re hungry, you’re more likely to succumb to the delicious smells wafting in the air. Image: Shutterstock

Money & Banking

Savvy shopper reveals how to score free groceries at Coles and Woolies

An Australian mum has shared her tips on snagging free groceries at the till. The woman from Sydney's north shore took to Facebook to reveal her secrets which managed to bag her a one kilogram tin of Milo and a roast chicken for free last week. “Is everyone aware of the Code of Scanning Practice 1984 at supermarkets?” she asked. “If the price on the shelf is lower than the price the item scans, you get it free." “Check your receipts before leaving [the] shop ladies. They have to refund [you] and give you [the] item." “I usually find two to three items every week!” The Scanning Code of Practice is a voluntary code that many supermarkets have signed up to, including Woolies, Coles, and some IGA and Aldi stores. Under the policy, if an item scans higher than what the shelf price says, the customer is entitled to receive the first item for free. Any subsequent item will be charged at the lower price. The code however, does exclude alcohol, tobacco and items without a barcode, while purchases disputed must be under $50. The policy is well detailed on Coles' website as part of its "promise on price scanning". <div> “If a single item scans at a higher price than the advertised or ticket shelf price for that item, we will give you that item free,” it says. Many people shared their experiences of utilising the policy on the Facebook post, while others shared times they have still been charged full price. “A lot of the time they think people don’t know this, and they will try to just change it to the shelf price,” someone said. “At the service desk, they have a Code of Scanning Practice brochure,” another wrote. “ If they try to argue, I whip it out of my purse.” “I never used to bother saying anything but got sick of getting ripped off at every shop,” someone else added. Image credits: Getty Images </div>

Money & Banking

Grocery do-gooder finally unmasked

A mystery supermarket do-gooder has been unmasked and revealed to be a retired businessman who says he never wants to grow up. Dean Graham, the son of late rich-lister Neil Graham, came forward and identified himself as the one paying for people’s groceries or restaurant bills, which he says he does on a weekly basis around New Zealand, per the <a href="https://www.nzherald.co.nz/nz/mystery-supermarket-angel-paying-for-peoples-groceries-in-canterbury/3FIF2AYHKUZPOUCM5NUGD2MP3Y/" target="_blank" rel="noopener">NZ Herald</a>. “It’s just giving people something to put a smile on their face really,” he said. “These days it’s a lot of doom and gloom, and things are tough for a lot of people.” Last month, the 56-year-old left more than $200 cash with a checkout operator at a Lincoln New World store to pay for the groceries of the family behind him in line. Jen Stewart, the mum who received his act of kindness, told Star News she and her young family had just been through a difficult period recovering from Covid and that Graham’s gift left her “speechless”. “This person didn’t know how grateful I was on that very week that he would pay for my shopping,” she said. After using $100 to pay for her groceries, she gave the remainder to another grateful single mum to use for her bill. Graham said he first started his random acts of kindness two years ago, after seeing an elderly couple struggle to pay for their lunch at a local sandwich shop. When he went back to the store two months later, one of the staff memebrs told him the couple had begun doing the same for others. “I thought to myself, ‘If I can do that and change the way people think, I think it’s a good thing’,” he said. “I care, and I can help, I do want to change people’s lives. “I just think life is so short, I just want to put it out there to believe we all are for other human beings.” Graham has given even more generous gifts to his friends, including a $100,000 truck for a friend’s birthday and eight of his own motorbikes, but he isn’t worried about his generosity being taken advantage of. “Friends don’t hang around me for that, because they knew me from when I had nothing,” Graham said. He said he started at the bottom of Mainfreight, the trucking company his father co-founded, pinching pennies with flatmates while working as a storeman. His life has been anything but uneventful either, having been married twice, been a solo father of five for eight years, and now living with his partner and in the process of building his very own man cave. Image: Dean Graham (Facebook)

Caring

ALDI announces price hike

ALDI supermarket announced up to 20-50 per cent price hike on almost 400 of their products. The German retailer announced that hundreds of products including meat, sausages and butter would be “significantly more expensive”. An ALDI Germany spokesman said the rising costs are due to the Russia and Ukraine war which have caused manufacturing costs to go up. But what does this mean for Australia? An ALDI Australia spokesperson said they will commit to ensuring prices are reasonable if there were a hike. “While we can’t speak to the specific challenges in our European operations, we can confirm that even if prices on products do increase locally we are committed to keeping them as the lowest in the market for our Australian customers,” the spokesperson said. “Every aspect of Aldi in Australia was built to withstand inflationary pressure, from our smaller format stores to our carefully curated private label range of groceries. “It is our unwavering priority to continue to have the lowest prices on high-quality products, no matter what happens in the world around us.” Image: Shutterstock

Money & Banking

Our Partners

Over 60

News

Shop

Catalogues

Contests

Entertainment

Travel

Health

Lifestyle

Finance

Property

Games

Information

Keep up to date

Search

No credit score? A grocery list could be the next best thing

Old grocery receipt highlights extortionate increase at supermarkets

Shoppers outraged over Coles bin full of discarded groceries

What is competition, and why is it so important for prices?

How sustainable is your weekly grocery shop? These small changes can have big benefits

Huge move to bring down cost of groceries

Kochie reveals the simple way to halve your grocery bill

Trying to spend less on food? Following the dietary guidelines might save you $160 a fortnight

These 10 smart grocery swaps can help reverse diabetes

"That's insane": Vintage Woolies receipt shines a light on cheaper days

Groceries option even cheaper than ALDI

“Budget queen”: Mother shares insane shopping hack

Prices to drop for everyday grocery favourites

Savvy mum shares little-known tip to save big bucks at Woolworths

Ground-breaking change coming to grocery stores

Floods, pandemics, wars and market forces: what’s driving up the price of milk

Seven ways to save money on your groceries

Savvy shopper reveals how to score free groceries at Coles and Woolies

Grocery do-gooder finally unmasked

ALDI announces price hike

Our Partners