Close Menu
SavvyDime
    What's Hot

    What is Zero-Based Budgeting?

    July 22, 2021

    Understanding Your Investment Risk Tolerance

    July 23, 2021

    5 Incredible Money-Saving Hacks

    August 9, 2021
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram RSS
    SavvyDime
    • Technology
    • Environment
    • Health
    • Lifestyle
    • Legal
    SavvyDime
    Home » Walmart Claims Their Shoppers Are ‘Value Hacking’ to Stretch Their Money at Checkout
    Lifestyle

    Walmart Claims Their Shoppers Are ‘Value Hacking’ to Stretch Their Money at Checkout

    By Mikaila StorrsJanuary 10, 20244 Mins Read
    Facebook Twitter Pinterest LinkedIn Email
    Entrance to Walmart
    Source: Walmart
    Share
    Facebook Twitter LinkedIn Email Copy Link

    Grocery prices across the United States continue to remain sky-high and are actively getting more expensive.

    Walmart says more and more shoppers are ditching the name-brand items and switching to the value brand, such as Walmart-brand items. 

    Mixing and Matching Premium Brands with Off Brands to Stretch Money

    Source: Walmart

    Customers are mixing and matching value items and more premium brands to fit their needs. For example, this could look like buying store-brand pasta with your favorite name-brand sauce.

    For staple products, they stick to their tried and true and get the name-brand items.

    The Cost Difference Between Name-Brand and Off-Brand Items Has Skyrocketed

    Source: Canva

    The cost difference between a value-brand item and a premium item has doubled in recent years.

    Where the normal price difference between, say, a block of Kraft cheese versus Walmart’s Great Value might previously have been around 25%, Walmart told TD Cowen the savings have grown closer to 50% (via Business Insider).

    What Is Value Hacking at the Grocery Store?

    Source: Joe Raedle/Getty Images

    Rather than stocking up with only value-product options, shoppers are using some of those store-brand savings to offset the cost of fancier selections.

    But on other things needed for their recipes or daily needs, they are switching to off-brand products to keep their costs down.

    Shoppers Are Waiting for Paychecks to Grocery Shop

    Source: Wikimedia Commons

    Shoppers are also waiting to do their shopping until their paycheck hits to do their weekly shopping.

    If they aren’t waiting for their paycheck, they can utilize the new buy now and pay later feature that was just implemented at 4,500 participating Walmart locations. 

    Walmart Introduces Buy Now, Pay Later

    Source: Joshua Blackwell/YouTube

    Affirm, the company that allows for the buy now and pay later option, recently stated that customers will be able to purchase groceries, toys, and other merchandise using the “transparent and flexible pay-over-time options.”

    Affirm did a recent study that showed 54% of Americans want retailers to offer a buy now, pay later option at checkout, and 76% of consumers would either delay or not make a purchase without Affirm’s services (via Progressive Grocer).

    Affirm Works with Walmart to Allow Customers to Pay Off Items

    Source: Getty Images

    Affirm said in its statement: “Expanding our partnership with Walmart and bringing Affirm’s transparent monthly pay-over-time options to their self-checkout kiosks in the U.S. will help even more consumers increase their purchasing power during the holiday shopping season and beyond.” 

    Guests will have the flexibility to get what they need and not immediately break the bank, as they can pay it off over time. 

    Utilize Buy Now, Pay Later Option Online and in the Walmart App

    Source: Canva

    Customers will also be able to use the buy now, pay later option for online Walmart purchases, and on the Walmart app as well. 

    But purchases can generate between 10% and 36% simple interest (via The Mirror).

    How to Use Affirm at Walmart

    Source: Canva

    To utilize this new feature, Walmart customers will need to download the Affirm app or visit their website to apply the function.

    The app and the website are also where you can make your payments, which can be scheduled between three and 24 months.

    Stacking Value Hacking with After Pay Option at Walmart

    Source: Walmart

    So not only can customers now value hack and mix and match their name-brand and off-brand items to save money, but they can also pay off the items over time.

    This can help customers who need to get their groceries before payday in a pinch, or if you need to pay off a gift for someone among many other purchase types.

    Walmart Supports Value Hacking

    Source: Canva

    Walmart likes the idea of value hacking, especially because when customers are saving money on one item, they feel like they can end up spending on other items in the store and ultimately end up spending more than they intended.

    “If the food prices come down,” Walmart CEO Doug McMillon said in November, “that’ll free up dollars to be spent in general merchandise” (via Business Insider).

    Don’t Spend Too Much on Buy Now, Pay Later Option

    Source: Canva

    One piece of advice, though, would be not too overutilize the option to pay later, as you could stack up quite the total and have a hard time paying it off over time.

    These buy now, pay later systems are essentially a credit card, and you could be digging yourself into a hole if you’re not careful and end up overspending what you would’ve originally spent due to interest.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Mikaila Storrs

    Mikaila Storrs is a skilled professional with a Bachelor's degree in Communication from Cal State San Marcos. With four years of expertise in social media management, content creation, and writing - including Instagram, Facebook, Twitter, Pinterest, and TikTok. She brings a dynamic skill set and is dedicated to delivering impactful digital marketing creations.

    Related Posts

    Two of Trump’s Loudest Supporters Come to Blows, Igniting MAGA Civil War

    September 13, 2024

    “Things Are Going to Get Ugly”: Trump’s Claims About Haitian Americans Spark Fear for Their Safety

    September 12, 2024

    Kevin Hart’s Vegan Fast-Food Chain Shutters All Locations Overnight

    September 12, 2024

    Comments are closed.

    Trending

    Walmart Lawsuit Results in the Retailer Paying $35 Million to Former Employee it Accused of Fraud

    November 27, 2024

    Advance Auto Parts Closes Hundreds of Stores and Lays Off Staff to Avoid Bankruptcy

    November 27, 2024

    Rare Comic Books That are Extremely Valuable Today

    November 26, 2024

    Which Family Dollar Stores are Closing?

    November 26, 2024
    Savvy Dime Makes You Savvy

    Savvy Dime provides personal business and financial analysis on the topics around the world impacting your wallet and marketplace.

    We are dedicated to delivering engaging and accurate news content that keeps you informed and equips you with the information you need to make practical personal financial decisions and grow your wealth.

    savvy dime logo
    Facebook X (Twitter) Instagram
    • Home
    • About Us
    • Contact Us
    • Privacy Policy
    • Editorial Standards
    • Terms of Use
    © 2025 Savvy Dime and Decido.

    Type above and press Enter to search. Press Esc to cancel.