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If you live in Alabama, Georgia, Mississippi, Florida, or Tennessee, you are eligible to become a member. Depending on your individual eligibility, we may require membership into an approved association at no cost to you.

You can also qualify for membership by being a family member of a current or potential Listerhill member.

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6 Ways You Can Save on Food Costs

Although junk food is convenient, there are many ways to save on food costs and eat healthier.

Editorial Note: Articles published are intended to provide general information and educational content related to personal finance, banking, and credit union services. While we strive to ensure the accuracy and reliability of the information presented, it should not be considered as financial advice and may be revised as needed.

Whether you're a college student or an individual keeping busy with a job or other responsibilities, your mind might be preoccupied with many other things above what you're going to eat next. Many of us resort to junk food, fast food, and even ramen noodles.

However, overdoing processed foods will leave you feeling not quite full nor nutritionally sound, either.

It is time to kick those bad habits, but how can you prepare nutritious meals that don’t cost a bundle or take hours of prep time?

Here’s how:

1. Plan, plan...and plan more!

Lack of planning when it comes to your meals can lead to the poorest choices. Take a few minutes at the beginning of each week – or even month – to plan and shop for your menu. There are tons of apps and programs out there to assist planning out recipes and grocery lists like this one. This way, you won’t be found missing key ingredients when you need them most and then opting for expensive, unhealthy takeout food instead.

2. Learn how to shop

If you’re using the kitchen, you’ll need to learn how to grocery shop. Here are some quick tips to help you become a smarter consumer:

  • Always use a list. You’ll spend less time and less money at the store.
  • Look up and down but don’t look straight. Supermarkets tend to put the priciest brands at eye level, with the less-expensive products higher up or lower down on the shelves.
  • Don’t shop on an empty stomach. Everything looks tempting when you’re running low on fuel.
  • Stock up on staples that last a while. Always have some pasta, rice and beans on hand for easy, last-minute meals.
  • Try a grocery pickup service. When you pre-shop for food items and pick them up, you eliminate the opportunity to blow your budget by tempting items in the store.

3. Don't do the cooking alone

Ask a roommate or partner to share cooking responsibilities with you several times a week. Lots of dishes, like pot roasts, casseroles, and soups are perfect for sharing and will cut down on food (and therefore money) waste. Plus, the more you eat at home, the less you're spending on takeout.

If you're a household of one, this tip might be hard to follow for obvious reasons. Instead, try meal prepping so you can get several servings out of one cooking session while cutting down your fast food costs.

4. Invest in a quality lunchbox

Whether you're a college student in class or someone who's working all day, you’ll be out and about and away from the convenience of your kitchen. Avoid the temptation to buy pricey convenience foods on the go by keeping your meals and snacks at the perfect temperature with a good-quality lunchbox.

5. Avoid vending machines

Vending machines are ridiculously overpriced. Plan your snacks and keep some with you at all times so you don’t blow all your cash on $3 chocolate bars. If you need a candy bar to make it through the day, buy them at your local grocery store for a fraction of the cost!

6. For the college students: choose a food plan carefully

If your school requires you to purchase a food plan, select one that best suits your needs instead of signing up for everything. If you love a big breakfast but prefer to go with lighter fare the rest of the day, consider purchasing breakfast only and eating the rest of the meals in the dorm. Paying for meals you won’t eat much of is like throwing money away.

With just a bit of planning and careful budgeting, you can cut your food costs in half.

Looking for more ways to improve your money management skills? Click here!

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Frequently Asked Questions

  • Do you need to be a Listerhill Credit Union member to apply for a Money Market Account?

    Yes, you do need to be a Listerhill Credit Union member to apply for a Money Market Account. To qualify for membership with Listerhill, you must meet one of the following requirements:

    • You must live in the states of Alabama, Georgia, Mississippi, Florida, or Tennessee.
    • Depending on your individual eligibility requirements, we may require membership in an approved association at no cost to you.
    • You can also qualify for membership by being a family member of a current or potential Listerhill member.
  • How does a tiered dividend rate structure work?

    Money market accounts typically offer tiered dividend rate structures. That means account balances above certain thresholds earn a higher rate. For example, Listerhill  Credit Union offers progressively higher APYs on amounts above $9,999, $49,999, and 99,999. It’s important to realize that only the portion of your deposit above this threshold will earn the higher rate, while the amount below will continue to earn dividends at the lower rate.

  • Where is the best place to open a money market account?

    Credit unions offer more generous dividends on average than other banking institutions, as well as fewer fees and charges. Credit Unions also offer more personal service to help you set up and manage your money market account.

  • What do you need to open a money market account?

    In order to open a Listerhill Credit Union Money Market Account, you need to be a member of Listerhill Credit Union. You’ll also need:

    • Proof of identity, such as drivers license, state ID card, or passport
    • An opening deposit of at least $15 to cover the low balance fee
  • How do credit union money market accounts work?

    Credit Union Money Market Accounts allow you to earn more money in dividend payments by offering progressively higher rates for amounts above $9,999, $49,999, and $99,999. Only the portion above the threshold earns the higher dividend rates. Because credit unions are not-for-profit financial cooperatives owned by and run on behalf of their members, dividend rates are higher on average than those offered by commercial bank accounts.