Here are 6 tips to stretch every dollar of your benefits
Supplemental Nutrition Assistance Program (SNAP) benefits are essential for many American families. However, sometimes these benefits don’t cover every need, so it’s crucial to know how to get the most out of them. Here are six strategies to stretch your SNAP budget and improve your family’s life:
1. Multiply your SNAP dollars at farmers markets
Supermarkets aren’t the only option for buying food. Many states have implemented programs that allow you to double your SNAP dollars at farmers markets. Not only does this give you fresher food, but it can also offer more competitive prices. Look for programs like SNAP Double Dollars or Double Up Food Bucks in your state to take advantage of this opportunity.
2. Use cash back apps
Apps like Ibotta, Fetch Rewards and Checkout 51 offer cash back options and are compatible with SNAP benefits. Research which apps work with stores that accept the EBT card to maximize your savings. Every dollar counts, so spending wisely is key
3. Develop a coupon and discount strategy
Coupons can be instrumental in stretching SNAP benefits. Search online coupons for high-value items like meat and laundry detergent, and take advantage of promotions. Sort coupons by expiration date and be sure to read the terms and conditions of the offers so you don’t miss out on any discounts. Some coupons are also available in browser extensions.
4. Get in the habit of making a shopping list
Making a shopping list and avoiding going to the store hungry can prevent impulse purchases. Assess your needs and plan meals with general ingredients. A well-made list will help you avoid food waste, reduce stress and stick to a budget.
5. Create a meal plan
Meal planning not only saves time in the kitchen, but also prevents food waste. Combine fresh produce with pantry staples to create nutritious meals without having to improvise.
6. Buy in bulk
Buying in bulk can be more economical in the long run. Save up to buy bulk items such as pasta, rice, beans and butter, and use the savings for future purchases. A well-stocked pantry can be a great help to a growing family.
Importance of SNAP Benefits
SNAP, formerly known as food stamps, is one of the most important federal support programs for low-income households. Benefits are calculated based on income and household size. For example, in 2023, the poverty line used to calculate SNAP benefits was $1,920 per month. A three-person household could receive between $577 and $740 per month, while an eight-person household could receive between $1,150 and $1,691. Larger families can add up to $211 per additional person.
Every family has different needs, and while benefits are tailored to particular circumstances, the money may not be enough. That’s why applying these strategies to maximize SNAP benefits can make a big difference in everyday life.