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Top 10 how can unit pricing help you save money That Will Change Your Life

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>1:48Checking the unit pricing of the food you buy can help you save big. But it's not always easy. Read our free report on money-saving tips at …YouTube · Consumer Reports · Jun 19, 2012
an Use Unit Price To Save Money When Shopping

Unit price just may be the most underrated way to discover the best deals when you’re shopping, particularly at the grocery store.

Understanding Unit Price

Unit pricing isn’t the flashiest of money-saving concepts, but it is one of the most important.

In fact, understanding unit price is so important to saving money that money expert Clark Howard started teaching his kids early about the concept.

“I started talking to my kids around the third grade about unit pricing because I wanted them to understand the tricks. I wanted them to know when something’s a deal and when it’s not.”

Table of Contents

  • What Is Unit Price?
  • How Do I Find the Unit Price?
  • How Do I Calculate Unit Pricing if I Can’t Easily Find It?
  • What Are Unit Pricing Regulations by State?

What Is Unit Price?

Unit pricing tells you how much you’re paying per basic unit of whatever it is you’re buying. So for paper towels, it’s the price per square foot. For toilet paper, it might be the price per sheet. For canned goods, it might be the price per ounce.

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Once you understand this, you can begin to get a better understanding of the pricing and value of everything you buy.

Let’s say your grocery store has a sale on small individual packages of paper towels. The packages may cost 1.5 cents per square foot at the sale price. But a larger package that’s not on sale may have a unit price of just a penny per square foot.

In this example, the bigger package that’s not on sale actually offers more value for your dollar than the smaller package. Why? Because you’re paying less per square foot (1.0 cents) for the bigger package that’s not on sale versus the smaller sale-priced package (1.5 cents).

How Do I Find the Unit Price?

Look for the unit price of an item just below it, on the tag on the grocery shelf. Not sure exactly what you’re looking for on the tag itself? Take a look at the example below. We’ve highlighted in green the unit prices on the shelf tags.

Unit price comparison of balsamic vinegar

So let’s say you’re buying vinegar. You have a choice between Alessi balsamic vinegar (8.5 ounces) and Colavita balsamic vinegar (17 ounces). Which one offers the best bang for your buck?

Brand Size Price per ounce (unit price) Cash register price
Alessi 8.5 ounces 36.35 cents per ounce $3.09
Colavita 17 ounces 31.71 cents per ounce $5.39

You might be tempted to say the Alessi because it’s the cheapest. But the real answer here is the Colavita brand. You get more ounces (17 versus 8.5) and pay a cheaper price per ounce ($31.71).

How Do I Calculate Unit Pricing if I Can’t Easily Find It?

Not every store in every state displays unit pricing. But thanks to technology, it’s pretty easy to find the unit price of just about anything you’re shopping for.

Both the App Store and Google Play have apps that will crunch unit pricing for you. And best of all, these apps are free!

  • Unit Price Calculator (iOS only)
  • Unit Price Calculator (Android)
  • Unit Price Comparison (Android)
Screenshot of free Unit Price Comparison app from Google Play store
Screenshot of free Unit Price Comparison app from Google Play store

What Are Unit Pricing Regulations by State?

Unit pricing is regulated at the state level. The U.S. Department of Commerce’s National Institute of Standards and Technology maintains a list of states where unit pricing is supposed to be disclosed.

Residents of states other than these may be pleasantly surprised to find that some retailers in their area still list unit prices. This is often true if you’re shopping at a large national chain store. But that decision is entirely at the retailer’s discretion.

Final Thoughts

Unit price is an important yet often overlooked way to help you save money when you’re shopping. And with the advent of free apps to do the math for you, now there’s no reason why everyone can’t start making smarter buying decisions using this information.

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Of course, this is only one of many strategies you can use to save money when you’re shopping at the grocery store or elsewhere. Want some other ways? Check out our complete rundown of 20+ ways to save money on groceries.

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Extra Information About how can unit pricing help you save money That You May Find Interested

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How You Can Use Unit Price To Save Money When Shopping

How You Can Use Unit Price To Save Money When Shopping

  • Author: clark.com

  • Rating: 4⭐ (618173 rating)

  • Highest Rate: 5⭐

  • Lowest Rate: 2⭐

  • Sumary: Unit price just may be the most underrated way to get the best deals when you’re shopping, particularly at the grocery store!

  • Matching Result: Unit pricing tells you how much you’re paying per basic unit of whatever it is you’re buying. So for paper towels, it’s the price per square …

  • Intro: How You Can Use Unit Price To Save Money When Shopping Unit price just may be the most underrated way to discover the best deals when you’re shopping, particularly at the grocery store. Understanding Unit Price Unit pricing isn’t the flashiest of money-saving concepts, but it is one of the…
  • Source: https://clark.com/shopping-retail/unit-price/

Saving Money with Unit Pricing - CT.gov

Saving Money with Unit Pricing – CT.gov

  • Author: portal.ct.gov

  • Rating: 4⭐ (618173 rating)

  • Highest Rate: 5⭐

  • Lowest Rate: 2⭐

  • Sumary: UNIT PRICING is a way for you to compare the actual costs between brands and sizes of grocery items. 

  • Matching Result: Saving Money with Unit Pricing. UNIT PRICING is a way for you to compare the actual costs between brands and sizes of grocery items.

  • Intro: Saving Money with Unit Pricing Saving Money with Unit Pricing UNIT PRICING is a way for you to compare the actual costs between brands and sizes of grocery items.  In Connecticut and many states, prices posted on most grocery store shelves include two prices. The bigger, bolder number is the…
  • Source: https://portal.ct.gov/DCP/Common-Elements/Publications/Saving-Money-with-Unit-Pricing

6 Tips to Save Money With Unit Pricing - NDSU Agriculture

6 Tips to Save Money With Unit Pricing – NDSU Agriculture

  • Author: ag.ndsu.edu

  • Rating: 4⭐ (618173 rating)

  • Highest Rate: 5⭐

  • Lowest Rate: 2⭐

  • Sumary: Looking at unit pricing can help you save money, in grocery stores you can check the shelf tags, calculate the unit price, and compare different brands and sizes. When shopping it’s important to have unit pricing in mind, it could…

  • Matching Result: Looking at unit pricing can help you save money, in grocery stores you can check the shelf tags, calculate the unit price, and compare different brands and …

  • Intro: 6 Tips to Save Money With Unit Pricing — PublicationsLooking at unit pricing can help you save money, in grocery stores you can check the shelf tags, calculate the unit price, and compare different brands and sizes. When shopping it’s important to have unit pricing in mind, it could lead…
  • Source: https://www.ag.ndsu.edu/publications/food-nutrition/pinchin-pennie-in-the-kitchen-6-tips-to-save-money-with-unit-pricing

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Save money on groceries: how unit pricing can help - CHOICE

Save money on groceries: how unit pricing can help – CHOICE

  • Author: choice.com.au

  • Rating: 4⭐ (618173 rating)

  • Highest Rate: 5⭐

  • Lowest Rate: 2⭐

  • Sumary: All across Australia, budgets are tight and prices for almost everything seem to be continuously on the rise. We take a closer look at supermarket pricing labels to see where you can save.

  • Matching Result: Although we found that prices are almost identical between retailers (except when it’s on special), using unit prices is a useful way to compare …

  • Intro: Save money on groceries: how unit pricing can help | CHOICE All across Australia, budgets are tight and prices for almost everything seem to be continuously on the rise. We know that the cost of food and groceries is a major concern for many right now (in a recent CHOICE…
  • Source: https://www.choice.com.au/shopping/everyday-shopping/supermarkets/articles/how-unit-pricing-can-help-save-you-money

Unit pricing saves money but is the forgotten shopping tool

Unit pricing saves money but is the forgotten shopping tool

  • Author: theconversation.com

  • Rating: 4⭐ (618173 rating)

  • Highest Rate: 5⭐

  • Lowest Rate: 2⭐

  • Sumary: It turns out unit pricing really is a handy tool to save money, so why are we still not using it?

  • Matching Result: The unit price of a grocery product refers to the retail price expressed in terms of some standard unit of measurement (for instance, per 100 …

  • Intro: Unit pricing saves money but is the forgotten shopping tool Using unit pricing is the best way for shoppers to save money on grocery shopping, new QUT research has demonstrated. Our soon-to-be-published findings suggest a family of four could save up to 18% or $1700 a year on their weekly…
  • Source: https://theconversation.com/unit-pricing-saves-money-but-is-the-forgotten-shopping-tool-61379

Frequently Asked Questions About how can unit pricing help you save money

If you have questions that need to be answered about the topic how can unit pricing help you save money, then this section may help you solve it.

Consumers can compare prices thanks to unit pricing.

A unit price reveals how much a product costs using a common unit of measurement, which enables customers to compare prices and find the best deals.

Understanding unit pricing has its advantages…

Understanding unit pricing allows you to compare brands quickly, as well as the cost of various food forms (fresh, frozen, or canned), as well as various sizes of the same brand (12 ounces versus 24 ounces, for instance).

When using unit pricing, you can…

You can find the best deal on almost anything when you use the unit pricing approach. You can compare household goods like paper towels or hygiene products like makeup. Unit pricing enables you to directly compare two different types of the same food or other item by using a common unit of measurement.

Contracts with unit prices are frequently used.

Unit price contracts are frequently used for public construction projects that entail repetitive, labor-intensive, material-intensive work, as well as projects where the final scope of the work is uncertain.

Video About how can unit pricing help you save money

>1:48Checking the unit pricing of the food you buy can help you save big. But it's not always easy. Read our free report on money-saving tips at …YouTube · Consumer Reports · Jun 19, 2012

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