Personal Finance

Watch Out For These Overpriced Products At The Grocery Store

walmart shopper groceries
Step away from the pre-packaged food. Flickr / Walmart
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Not every grocery store is equal.

And as we've previously discussed, their store brands aren't, either.

For that reason, it's hard to make blanket statements like, "Vanilla yogurt is always overpriced," or, "You'll always pay too much for broccoli." But we know that stores, including grocery stores, employ all sorts of tricks to get us to spend more money — so when exactly should we be on the lookout for ripoffs?

Consumer Reports senior projects editor Tod Marks explains that anything specifically packaged or presented to make your life easier tends to carry an abnormally high price. "Watch out for items that are packaged for convenience or single use," he says.

For instance, you might be getting ripped off on:

Economy-sized products. The point of buying in bulk is ostensibly for the consumer to save by buying more at a time, but Marks mentions he's seen instances where the larger size wasn't actually any cheaper. "The only way to tell is to look at the unit price labels, beneath the price on each product," he explains. "By and large, it's still true, but there are plenty of examples of other sizes being cheaper based on promotional activity or what's on sale at any given time."

Individually packaged foods. Snack size? Kid size? Those little bags of baby carrots might look adorable, but you'd probably get more for your money if you bought a full-size bag and divvied it up yourself. Again, it's all about the unit price.

Bagged salads. Your bagged salad doesn't come with any of the fun stuff like avocado, or chickpeas, or egg, or celery (I could go on), so you're really just buying a few types of pre-cut lettuce. Buying the lettuce — and fun stuff — yourself could stretch your dollars a lot further. 

Pre-cut produce. It's another price-per-ounce issue. Are you really getting more melon when it comes in little squares? (Unlikely.) Plus, pre-cut produce is known to be less eco-friendly and even less healthy than its whole counterparts.

Grocery cart
The newest thing also tends to be the most expensive.  Matt MacGillivray/Flickr

Products with new features. Companies are hoping you'll spring for the newest thing. "Maybe a water bottle with new spout, or a diaper with new, innovative closure — anything that you see new convenience features," says Marks.

Fortified food products. Making existing foods "healthier" is a huge opportunity for food and beverage companies, who recognize that your desire to live a long and healthy life conflicts horribly with your reluctance to give up potato chips. Be suspect of anything "maybe with a new ingredient, a fortified product — something like baked potato chips," Marks cautions.

Anything in the checkout aisle. Now that your self-control is effectively exhausted from a trip around the grocery store, your local market will hit hard at the checkout line. "If you buy near the checkout, you'll often see the same items for less along the aisles," says Marks. "Impulse items that people buy waiting in line are marked up 100% to 200% along the checkout." This includes soda bottles in the fridge near the store's exit.

There's a reason overpriced foods packaged for convenience still line the shelves: We're willing to pay for the convenience! Saving on salads or produce requires enough planning ahead to buy said perishables, prepare some meals, and consume them before they go bad. 

If you're looking to cut down your grocery bill, avoid them. But, if your time is worth more than the dollar savings, convenience packaging may be a ripoff you're willing to embrace.

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Libby Kane was a personal finance expert who has reported and edited stories about money for more than 10 years. She previously held the Certified Financial Education Instructor (CFEI) certification issued by the National Financial Educators Council.Experience She has written and edited articles on everything from investing tips to model budgets and has interviewed dozens of authors, financial planners, and early retirees to share their advice, experiences, and insights with a global audience. Before joining Business Insider in 2014, she was an associate editor at LearnVest, a personal finance site to help women learn about money. Her work has appeared on sites such as MSN, AOL, Forbes, Slate, and The Street.Her team at Business Insider has tackled projects including:• Women of Means, a series about women taking control of their finances• Inside the Racial Wealth Gap, an exploration of the causes, effects, and potential solutions of the racial wealth gap in the US (finalist, Drum Award, "Editorial Campaign of the Year," 2021)• Strings Attached, a series of essays from people who have left insulated communities and how that journey affected their relationship with money• Master Your Money, a year-long guide for millennials on how to take control of their finances  (first runner up, Drum Award, "Best Use of Social Media," 2022)• The Road to Home, a comprehensive guide to buying your first house (silver award winner, National Association of Real Estate Editors, "Best Multi-Platform Package or Series – Real Estate," 2022)Libby believes in one universal truth about money: Advice is never for everyone. The best strategies, tools, and products depend on your preferences, financial situation, history with money, and goals.ExpertiseHer expertise includes:• Behavioral finance• Early retirement• Budgeting• Saving moneyEducationLibby holds a bachelor's degree from Wellesley College.Outside of personal finance, Libby enjoys reading, baking, and walking her dog.