All the rain and storms across the country may soon have a negative impact on food prices. Farmers are facing major crop loss and the food shortages will likely lead to higher food costs in the coming months. With many people already facing foreclosure on their homes due to too much expense and not enough income, higher food prices are the last thing they need. Now is the time to prepare so you can still make those mortgage payments when grocery prices start to skyrocket.
Perhaps the best way to make sure you can live within your budget in the wake of higher food prices is too start purchasing extra food now with a long shelf like. Foods that are canned including vegetables, fruits, soups, and even canned meat often have an expiration label two or three years down the road. Some snack items like canned potato chips or cookies also have a couple of year’s shelf life. Juices in cans may have a longer shelf life as well. Purchasing a few extra items each week with an expiration of 2013 or beyond may help you to plan ahead so you will not be as strapped if food prices double in the next year.
It would be a good idea to get a two or three month supply of long term foods in the pantry so you will be able to ration and budget when the effects of the severe weather hit your local grocery store. Look for sale items that will allow you to buy large quantities of canned foods at discount prices and you will be able to meet those mortgage payments with the food savings you will have. And remember….check those expiration labels!!!