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Speaker 1: Let's say good morning now to the host of How

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Speaker 1: the Money on Cafi. It airs every Sunday noon to two,

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Speaker 1: but we get to talk to him right now. Good morning,

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Speaker 1: Joel Larscard.

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Speaker 2: Good morning Amy.

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Speaker 3: Okay, let's talk about groceries, because we always talking about,

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Speaker 3: you know, how our money is being stretched thin and

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Speaker 3: how we need to budget and all that stuff, and

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Speaker 3: some grocery shopping can be busting your budget.

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Speaker 2: Yeah, so, I mean, everybody knows the inflation at the

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Speaker 2: grocery store, right, but there are clearly ways to save.

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Speaker 2: It's been nice to see even like the price of

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Speaker 2: eggs go back down to normal. Vocados are really cheap now, yeah,

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Speaker 2: I swear I think I got a six pack avocados

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Speaker 2: at Costco for like four dollars and twenty nine cents

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Speaker 2: or something like that. Pretty good. And this is something

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Speaker 2: this is like a drama I've been banging on for

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Speaker 2: a long long time. Is like where you shop has

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Speaker 2: a significant impact on what you pay, right, And that's

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Speaker 2: that's true when you're talking about buying jeans or really

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Speaker 2: anything like you're where you like, the store that you

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Speaker 2: shop at is going to largely determine how much you

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Speaker 2: But I think we think that on the grocery store front,

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Speaker 2: well I'm just gonna go to the one closest to me,

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Speaker 2: or I'm going to go to my favorite one, and

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Speaker 2: we just don't really We kind of get blinders on.

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Speaker 2: We get focused on that one store or two stores

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Speaker 2: that we typically go to, and we don't think about

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Speaker 2: get thinking outside the box. And so the Consumer Reports

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Speaker 2: did a study and they found essentially, between a basket

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Speaker 2: of goods between a bunch of different competing grocery stores,

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Speaker 2: if you shop at a couple of particular grocery stores,

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Speaker 2: you're going to save a lot more than you would

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Speaker 2: at others. And they use Walmart as kind of the baseline,

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Speaker 2: and they were like, Okay, here's the grocery stores where

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Speaker 2: you're actually going to save more than shopping at Walmart.

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Speaker 2: And here's the ones that you're going to where you're

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Speaker 2: going to spend more. And some of them, we're talking

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Speaker 2: like significantly more like twenty five thirty Whole Foods forty

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Speaker 2: percent more than what you'd spend at Walmart.

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Speaker 1: Well, yeah, whole foods that they don't call it whole

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Speaker 1: paycheck for nothing.

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Speaker 4: I know, right, I love their food, but it does

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Speaker 4: it does hurt the pocket book a bit well, and

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Speaker 4: some people might be screaming, yeah, but whole food sales

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Speaker 4: nicer stuff, And there is some truth to that, right

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Speaker 4: of course, that the Whole Food's Uh maybe the.

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Speaker 2: Boneless, skinless organic chicken breast you're getting there is better

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Speaker 2: than the one you get at Walmart. I'm not I

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Speaker 2: don't know enough about that kind of stuff, but I

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Speaker 2: will say when the with the grocery stores, they highlighted

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Speaker 2: where you're gonna save a lot more than shopping at

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Speaker 2: Walmart or Costco, BJ's Wholesale, Legal and al d and

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Speaker 2: Aldi is like expanding like crazy around the United States

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Speaker 2: right now. I think they're set to open up a

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Speaker 2: couple hundred more stores this year.

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Speaker 1: Yeah. Two of those i'd never even heard.

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Speaker 2: Of really never be BJ's and Leedal. Yeah, leads like

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Speaker 2: a slightly bigger version of of Aldi, and it's it's

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Speaker 2: in a lot of part a lot of the country too.

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Speaker 2: Although Aldi has just done a much better job than

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Speaker 2: Legal of expanding and drawing customers. But Man, Costco and Aldi,

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Speaker 2: I those are the two stores I keep coming back to.

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Speaker 2: Trader Joe's is decent, but it's still more expensive. Than

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Speaker 2: shopping at Walmart.

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Speaker 4: So yeah, and so.

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Speaker 2: I get too that you get used to some of

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Speaker 2: the things that you love. But when we're talking about,

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Speaker 2: you know, the third biggest line item in most people's budgets,

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Speaker 2: it's at least worth considering some of those alternative places

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Speaker 2: to shop.

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Speaker 1: Okay, all right, that's great advice. As always, you're talking

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Speaker 1: about spending too much money. And we are in it's

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Speaker 1: own delivery apps and we love them.

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Speaker 2: Yeah, Americans love to get their food delivered, like we

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Speaker 2: It started during the pandemic, or spiked least during the pandemic,

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Speaker 2: right where people are like, all right, this is this

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Speaker 2: is nice, Like I don't feel like I can go

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Speaker 2: into my local. It was almost like an act of

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Speaker 2: service to your country to order take out and have

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Speaker 2: it delivered. And it's The New York Times did a

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Speaker 2: profile on kind of what's happening with the delivery apps

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Speaker 2: right now, and it's just getting worse and worse. So

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Speaker 2: three and four restaurant orders these days are not eaten

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Speaker 2: at the restaurant anymore. So, dining rooms are empty. Look

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Speaker 2: at even what's happening with fast food restaurants. They're creating

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Speaker 2: smaller or non existent dining rooms, and it's just all

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Speaker 2: about the drive through. And someone in the article that

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Speaker 2: the New York Times profiled, granted, I think they're doing

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Speaker 2: quite well, but they spend seven hundred dollars a week

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Speaker 2: on takeout and not just going to pick it up themselves.

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Speaker 2: It's getting it delivered. And when you look at the numbers,

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Speaker 2: the price of having that meal delivered to you is

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Speaker 2: just so much more expensive than if you were to

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Speaker 2: do it yourself, because you're talking about service and processing fees,

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Speaker 2: delivery fees and tips and all. When you combine all

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Speaker 2: of the additional expenses, you are often paying somewhere close

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Speaker 2: to double the price, sometimes more of just the food itself.

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Speaker 2: And so the more addicted you get, it's one thing

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Speaker 2: to get takeout, it's another thing to go to a restaurant.

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Speaker 2: I'm all for those things. I think it's the mindless

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Speaker 2: pop open the app, get your food, have it delivered.

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Speaker 2: People are even like I just want to coffee right now,

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Speaker 2: or I just want a pastry right now, and it

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Speaker 2: can be twelve fifteen dollars for a coffee or a

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Speaker 2: pastry because we're just like lazily and mindlessly opting for

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Speaker 2: these apps. I use these apps. I use like one

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Speaker 2: of these apps one time in my life, and I

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Speaker 2: was like, never again, I'm not doing it. It just

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Speaker 2: it's just a complete waste of money for most people.

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Speaker 2: If you factor it into your budget and this is

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Speaker 2: something you highly prioritize, I guess I can get. I

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Speaker 2: can be okay with it, but I think it's really

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Speaker 2: easy to just get lulled into sleep using these apps

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Speaker 2: and spend way too much money.

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Speaker 1: Okay, so be careful with that. Even though Matthew McConaughey

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Speaker 1: and Bradley Cooper were endorsing it at the Super Bowl,

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Speaker 1: which was one of my favorite commercials, because well, they're

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Speaker 1: fun to.

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Speaker 2: Look at, okay, does I don't know if this makes

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Speaker 2: me a prude or like old school or a luddite

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Speaker 2: or something like that. I don't want to like be

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Speaker 2: a moralizer on these delivery apps, but it's just true.

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Speaker 2: Just I can't think of many worse ways to spend

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Speaker 2: your money. Everybody's making money in this except for the consumer.

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Speaker 1: Good point, Good point, Okay, stealth wealth. We only have

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Speaker 1: a minute left, but I want to hear about it

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Speaker 1: because I want some.

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Speaker 2: Yeah, sealth wealth, Oh my gosh, This is one of

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Speaker 2: my favorite topics because people are feeling more and more

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Speaker 2: even though we're seeing more four o MK millionaires in

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Speaker 2: our society, like they've just slowly but surely built up

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Speaker 2: and you're just investing regularly seven eight percent of your paycheck.

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Speaker 2: After a couple of decades and you're getting a match,

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Speaker 2: you might be a millionaire, right, which is kind of cool,

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Speaker 2: But then those people don't necessarily feel like millionaires. But

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Speaker 2: the truth is, stealth wealth is this beautiful thing, and

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Speaker 2: it's actually the way to be rich and feel rich

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Speaker 2: is to not spend the money that you've made in

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Speaker 2: ostentatious ways. And it goes back to the book The

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Speaker 2: Millionaire next Door. And if you show somebody a picture

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Speaker 2: of a family that's got like a mansion and some

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Speaker 2: fancy cars, and then this other family who drive in

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Speaker 2: a Corolla and in just you know, a two thousand

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Speaker 2: square foot normal looking house, and you ask somebody, well,

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Speaker 2: who's the millionaire in this scenario. They're going to point

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Speaker 2: to the people with the fancy possessions, But the answer

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Speaker 2: is often the opposite, right. It's typically the person who

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Speaker 2: has money in the bank because they haven't spent it

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Speaker 2: on those possessions. And so we've got an article up

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Speaker 2: on howdomoney dot com about stealth wealth and what it

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Speaker 2: looks like. But I just want more people to think

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Speaker 2: in terms of that as wealth is actually the money money.

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Speaker 2: It's the money you don't spend. That's how you build wealth.

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Speaker 2: And the more you spend to buy stuff, the less

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Speaker 2: wealthy you're going to be. And so I just want

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Speaker 2: people to get more comfortable with the idea that building

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Speaker 2: up a nest egg buys you independence, and it buys

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Speaker 2: you real wealth, opportunity and choices, and the more money

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Speaker 2: you spend, you're actually losing that.

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Speaker 1: Writing that down, wealth is the money you don't spend.

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Speaker 1: More great advice, as always from our friend Joel Larsgard.

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Speaker 1: You can hear a lot more about how to manage

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Speaker 1: your money and take care of your money and save

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Speaker 1: money on how to Money Sunday's Noon to two with

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Speaker 1: Joel Larsgard. You can follow him at how to Money Joel,

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Speaker 1: and as you mentioned, you can get stuff on his

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Speaker 1: website out of money dot com.

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Speaker 2: Thank you, Joel, Thanks Amy.

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Speaker 1: All right,