In an era where every dollar counts, consumers are increasingly looking for ways to cut costs without compromising on quality. Two experts share their insights on how to avoid common pitfalls that can inflate your grocery expenses. Registered dietitian Kayla Pasquale and managing editor of Cheapism, Danny Jensen, provide practical advice on making smarter choices at the supermarket. By opting for whole produce over pre-cut options, bulk purchasing instead of single-serving snacks, and choosing store brands over name brands, shoppers can significantly reduce their monthly bills. Additionally, avoiding non-food items in the grocery store and steering clear of overpriced convenience products can lead to substantial savings.

Picking Wisely: Choosing Cost-Effective Produce and Snacks

One of the easiest ways to save money is by being selective about what you buy in the produce aisle. Opting for whole fruits and vegetables rather than pre-packaged or pre-cut versions can make a significant difference in your budget. For instance, buying a head of lettuce or whole carrots instead of pre-cut salad bags or sliced veggies can cut costs almost in half. Similarly, larger quantities of produce like potatoes offer better value compared to smaller, more expensive packages. Making these simple switches not only saves money but also encourages healthier eating habits.

To further stretch your grocery budget, consider preparing your own snacks rather than purchasing pre-packaged ones. Store-bought nuts, trail mix, yogurt cups, and protein bars often come with hefty price tags due to packaging and convenience. Instead, buying in bulk and portioning out servings yourself can be both cost-effective and customizable. While it may require a bit more effort upfront, designating a day for snack prep can streamline the process and ensure you always have healthy options on hand. This approach not only saves money but also reduces waste from excessive packaging.

Avoiding Unnecessary Purchases: Non-Food Items and Overpriced Goods

Another key strategy for reducing grocery expenses involves rethinking what you put in your cart. Many non-food items such as paper plates, diapers, over-the-counter medications, and cleaning supplies tend to be more expensive at supermarkets compared to other retail outlets. These items are often sold at a lower cost per unit at warehouse stores or online in bulk. By crossing these items off your grocery list and purchasing them elsewhere, you can free up more of your budget for essential food items.

Moreover, certain food categories can also be surprisingly wasteful when it comes to spending. Frozen fruit, bottled water, packaged dips, pre-cut cheese, and pricey name-brand products are examples of items that can quickly drain your wallet. Instead of reaching for these convenience products, explore alternatives like fresh fruit, tap water, homemade dips, and store brands. Not only do these choices save money, but they also promote sustainability by reducing unnecessary packaging. Ultimately, a little planning and mindfulness while shopping can lead to significant savings, especially during times of rising prices.

A London-based financial technology company is making waves in the small and medium-sized business (SMB) sector by securing significant funding to enhance its innovative payment solutions. The company, known for streamlining global transactions and cash flow management, has garnered €7.7 million in fresh capital. This injection of funds will propel the development of their business-to-business (B2B) payment infrastructure while enabling a strategic expansion of their workforce. Through this financing round, led by Project A with additional support from Northzone and Seedcamp, Mimo aims to solidify its position as a leader in SMB financial services.

Beyond the financial boost, Mimo has forged a crucial partnership with Froda, a provider specializing in financing options for SMBs. Together, they plan to offer UK-based small enterprises access to over €114 million in flexible working capital solutions. This collaboration not only highlights Mimo's commitment to supporting SMB growth but also underscores its potential to scale operations across Europe. Founded in 2023 by a trio of visionaries—Henrik Grim, Alexander Gernandt Segerby, and Andreas Meisingseth—Mimo boasts offices in both London and Stockholm, employing a team of twenty dedicated professionals. Their platform, which has reportedly experienced a tenfold increase in usage over the past year, caters to hundreds of SMBs and finance professionals, managing transactions worth hundreds of millions in British pounds.

The future appears promising for Mimo as it continues to expand its service offerings. By integrating invoice processing, payments, and bookkeeping automation into one cohesive system, Mimo offers users greater efficiency and control over their financial workflows. Additionally, the inclusion of an embedded credit line within Mimo Flex empowers SMBs to better manage their cash flow challenges. As Malin Posern of Project A notes, Mimo’s rapid advancements have been instrumental in simplifying the daily operations of countless individuals. With new products such as Get Paid and Fetch currently being rolled out, Mimo demonstrates its dedication to providing comprehensive solutions that meet the evolving needs of modern businesses. This latest funding round reflects the confidence investors have in Mimo's mission to transform how SMBs handle their finances.