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How’s Business?

By Joe Palumbo III

Queens residents are not only feeling pinched at the pump, but a better than 5 percent price spike on grocery bills. The global increase and demand for food commodities by the middle class of India and China are driving up prices.

So how do you save money on grocery bills? Stockpile items when shopping. Most items are discounted once during a 10-week to 12-week cycle. If your favorite items are on sale, buy them in some type of quantity depending on perishability. Buy items off-season. It seems crazy to buy a barbecue in November, but it will be cost effective to your budget and you will get a better quality product for a much better price.

Explore a supermarket. If you grab and dash, you will spend more than you should. Compare prices and read the signs posted. You will be amazed by the money you can save and deals you will get. Try store brands. On certain food types, it is unlikely you will notice a difference in quality. Many store brands will ask you to compare them to more notable name brands.

Shop on Sundays because that is the best time to buy groceries. You will be armed with coupons from your Sunday paper and the weekly sales circular. Coupons can easily take up to $20 or more off your bill, money which can be put toward your vehicle.

So How's Business regarding saving money on groceries? Higher costs have quickly found themselves passed down the production food chain. In 2007, milk was up 19 percent, eggs 33 percent and bread 11 percent. All those foods are consistently produced fresh items. I shudder to think what the 2008 numbers will be. Stick to a shopping list you make. Varying from it costs more money and usually leads to food wasted at home.

You can reach Joe Palumbo at 516-248-0256 or info@camelotlimo.com.