Grocery Auctions: The New Way to Save?

Grocery Auctions: The New Way to Save?

Here's another interesting post from our friends at SavvySugar. Check it out: 

Food is a life staple we can't go without, and although cooking at home does save you more money than going out, your grocery bill can still be one of your biggest living expenses. There are of course the typical ways to save on supermarket shopping, such as buying store brands and couponing, but there's also a way to save on groceries that not many people know about: grocery auctions.

Apparently, food that is generally disposed by grocers—food near its sell-by date and expired, discontinued, seasonal, and damaged items—are now being sold in what's called grocery auctions. NPR describes one such auction in St. Leonard, Md.:

"Today, bidders have come for deals like frozen chicken at just over $1 per pound, blueberry granola for $1.50 and a large bag of chips for $1.50."

Some retailers choose certain expiration dates to make products like vinegar seem more fresh and more appealing to consumers, supply chain expert Dale Rogers tells NPR. This means that the item can sometimes last beyond the expiry date listed on the label. For those who aren't too concerned about expiry dates, grocery auctions may be a perfect place for them to shop at. What about you — do you follow expiry dates religiously?

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