Supermarket Purchasing Tips

With deflation of food prices being just a hopeful vision at best, we should maximise the part of our salaries not taxed by the government and banking sector. One thing sure in life is that a man (human) must eat/drink for basic survival. I am confident that if one found a way to survive this human life without eating and drinking, then such a technology or system would have been developed centuries ago. With these in mind, I am here to share with you some tips that would give long-term value.

1) Set limits to how much you are going to spend (in this case on food). Budgeting is one of the best ways one that was not “born with a golden spoon in their mouth” can acquire enough money to invest in ventures that will help them and their loved ones in the long-term. Set a limit to how much you are going to purchase in groceries for the month. It is also wise to have a purchasing limit on takeout food if you did not carry food to work or hanging out.

 

calculator

Calculator app will be your best friend. It does all the hard work for you!

 

2) Calculators. When shopping for food in the grocery use your calculator app on your android or apple phone. This app will help you keep in line with the budget you have set.

3) Round off prices. If something has a price tag of $1.15 round it off to $1.25. The price of an item is $3.30 or $1.80 round it off to $3.50 and $2.00 respectively. This method protects you from upward price changes on items the grocery did not update when shopping.

4) Purchase basics first. Basics here are things you will always need when cooking throughout the month. A is a short list of basics – Rice/pasta, vegetables (fresh/tinned/packaged), flour, milk, seasonings (food has to taste good) & oil. This one may vary between families and persons due to personal preference and health-related issues. Whatever left over you can purchase as “want” items.

 

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Snacks! These should not be a priority in purchasing.

 

5) One/Two item rule. If you carry children shopping, set a limit of one or two items they can have after you have purchased your basics. By doing this, you are teaching them:

  • Patience – learning to wait in general as we lack it world over. People can get into serious problems because we do not know how to wait (or wait for the wrong things).
  • Self-control – you can’t have everything, but you can have something
  • Better decisions making – they will learn to make better choices in general due to the experience

I have used the tips mentioned above over the months with a significant effect. Together with self-discipline, I have more food to cook with and cut down the food bill by 20 – 30% at times. With more cash, I can invest it into bitcoin and other opportunities that pop-up from time to time.

Cost Effective Solution to Digital Entertainment

My fellow readers and seekers, we must accept the reality that we are not financially fairing well now and in the next couple of months or years. Our government is ladened with debt. The biggest contributor to our total revenue (Oil) is erratic at best, a devaluing currency nobody in the world wants (Trinidad and Tobago Dollar), and revised rates of old taxes means less to make do has certainly impacted on you unless you’re an investor or a different kind of business person.

 

flow

If you want weak cable transmission, Spanish advertisements and expensive cable installations/rentals look no further than flow!

 

Flow the primary provider of Cable has steadily increased prices every two years beginning from 2012 while the overall quality and service has decreased. Direct TV has its issues, as you need to pay for a satellite with accessories and pay a monthly reload fee. Netflix may seem like a better solution however if the exchange rate changes lean toward the US dollar then you would have to pay more each month for the service.

 

direct_tv_channel-svg

One Pre-paid kit $400.00. Monthly Direct TV Top up $159.39. Total cost of 1 yr with Direct TV = $2312.68  TTD

 

You may say some of these services are convenient to you. “Convenience” however, is slowly robbing you when you apply how much inflation, increasing taxes and total cost of services to your (very) slow growing income.  Think about it, when was the last time you got a pay increase that could fight off these things comfortably? This monthly fee you pay can be invested into appreciating asset classes (bitcoin/ precious metals), a practical skill than can generate returns or placed into clearing off your debt faster. The following are pre-requisites that will allow you to access this content:

  • Willing Mind to Learn
  • Basic Knowledge of Computers/Android Devices
  • A computer, Mac or Andriod device
  • Internet Connection

If you have these then I am here to enlighten you on some of the many free options available to you that are ad blocker friendly (PC/Mac):

Filmon – You can install this app on your PC, Mac or Android device to access free TV channels from Africa, Asia, USA, UK and Europe.

Showbox – Another popular app for Android one can use to watch various TV series and movies.

123movies.to – This website allows you to watch the latest movies and has most TV series available.

watchcartoononline.com – Another great site for watching entire series of cartoons and is up-to-date with series.

Putlocker.is – A good place to find movies and tv shows in HD

For those who wish to watch our depressing and disturbing news media in Trinidad & Tobago here are the two links you can watch news on:

Tv6tnt.com

cnc3.co.tt

Warning – It is good to know that you have many free options in digital entertainment, please do not spend most/all of your time consuming them. It will not do you nor your family, friends and allies (through consistent actions) any good. Documentaries are okay in this regard if they are backed up with doing your unbiased research.

A Solution – Bitcoin

(UPDATE: – If you are going to purchase more than 125 USD of Bitcoins you will need a passport and may have to wait for 1 – 7 hours to process payment)

As inflation presses on in our country and tax increases to be expected, more of your wealth will be taken away from you. The purchasing of Bitcoin is one out of the many solutions that can be used to protect oneself from the theft of financial manipulation (taxes, inflation). Here is one way you can obtain them:

1) Get a debit card (much preferred unless you have financial discipline) /credit card that has at least 60 – 70 USD available (always good to have extra cash “in the event of”).

2)  Download the Jaxx wallet for the platform(s) that work best for you

3) Backup your Jaxx wallet by selecting menu > Tools > Display Backup Phrase

4) Wait 10 seconds for it to generate your 12-word password backup.

Jaxx Wallet Backup 2

5) Write down and save this 12-word password as this will allow you to link Jaxx wallets on different platforms (PC/mac/android/etc) and retrieve your bitcoins/digital currencies that you have lost if you deleted your wallet by accident (or on purpose if your computer of the phone was stolen).

6) Enter the 12-word password as proof that you remember it

7) Go to the home screen and copy your bitcoin address

Buy.Bitcoin 1

8) Got to buy.bitcoin.com, paste your bitcoin address and enter 50 USD (or how much you can afford) of bitcoins you wish to purchase.

 

Buy.Bitcoin 2

After entering your information you will need to confirm your  number and email address to continue

 

 

9) Fill in your details and go through the two-step verification process (email and text message)

10) Input your debit master card/ credit card information and verify the information given

11) Wait 45 mins – 1 hour and you will receive your bitcoins.

It is also wise if you set a four-digit pin security code on your wallet (Menu > Settings > Setup security pin). Please remember your 4-digit pin and 12-word password!

There are websites that sell bitcoin cheaper, in my experience however, it can be a bit more time consuming or your credit card provider may block the transaction.  I will keep you posted on sites that sell bitcoins cheaper or have a faster delivery time for them. If you did perform the following actions successfully, you would have taken a small proactive step in protecting yourself from inflation.