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Money Management

The Pros and Cons of Jobs With Unlimited PTO

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 Unlimited PTO has positives for both employee and employer. Luis Molinero / Shutterstock.com

It sounds like a dream. Take time off work whenever you need it. But how does unlimited PTO work? More and more job descriptions boast unlimited paid time off (PTO) as a benefit. Sick days, vacation, bereavement, and other types of leave are all lumped into one bucket. There’s no cap on the number of PTO days you can take. If unlimited paid time off sounds too good to be true, it sort of is.

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Why Shopping at Aldi Isn’t Worth It for Me — and May Not Be for You, Either

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Aldi has its benefits. But read on to see why it may not be the best place for you to shop. [[{“value”:”

Image source: Getty Images

I’m not a big Aldi shopper. But when I do find myself in the vicinity, I’ll occasionally pop in for some produce items to refill my supply. And I’m usually shocked — in a good way — at how much savings I’m able to reap by choosing Aldi over my usual supermarket.

But while there’s a clear financial benefit to buying groceries at Aldi, to me, the drawbacks greatly outweigh it. If you’re a busy person like I am, then I suggest forgetting about Aldi and sticking with a traditional supermarket instead.

The problem with Aldi

Indeed, shopping at Aldi can save you money. But you might also experience the frustration of not finding all of the items on your list and having to hit up other supermarkets. That’s not only annoying, but for someone like me who’s self-employed, it can actually take away from my working hours. And that hurts my income.

See, Aldi stocks its shelves with lesser-known brands and passes the savings along to its customers. But because of this approach, Aldi’s inventory can be inconsistent.

I’ve found that when I go to Aldi, I’m often only able to complete 50% to 75% of my weekly shopping list. As a busy self-employed mom who has little time to hunt around for food, that doesn’t work for me. And if it doesn’t work for you, either, then you shouldn’t force yourself to shop at Aldi because your time may be worth money.

Instead, stick to your regular supermarket, even if it costs a bit more. If you use the right credit card, you can save big in the form of cash back or extra rewards on your purchases. Check out this list of the best credit cards for groceries to learn more.

How to save money at your regular supermarket

If you’re now convinced that it doesn’t pay to do your food shopping at Aldi, you should know that with the right strategy, you can save money at a traditional grocery store that may have a better selection of goods.

First, look at the sales circular. If you don’t get one in the mail, you can generally find it online. See what’s on sale and plan your meals around those items.

Next, check the digital coupon section and load every coupon available onto your store card — even if you know you won’t use all of them. There’s no harm in adding extra coupons to your account, and you never know when you might decide to buy something you rarely eat on a whim. Plus, I find that the “add all” option saves me time, as opposed to having to look at each item on special and click on the coupon individually.

Finally, see if your regular supermarket has a clearance area — or several. I can tell you that where I shop, there’s an area near the front of the store where you can buy discounted bakery products that are about to go bad. I’m often able to purchase bagels, which my daughters eat daily, at 50% off their usual price or more. And if we can’t use them all up in time, I freeze the rest.

My supermarket also tends to stick soon-to-expire produce in one specific corner of that aisle. Not long ago, I found a bag of romaine lettuce with a same-day sell-by date. It looked fine and the package was 75% off. I bought it and served it for dinner, and there was nothing wrong with the quality or taste.

Don’t forget that your time may be worth money

If you have the time and patience to visit multiple supermarkets each week, then by all means, pop into Aldi and see what savings you can enjoy. But if you’re pressed for time like I am, forget Aldi and stick with a supermarket that’s more likely to fulfill your list. This especially applies if you’re self-employed and spending extra time grocery shopping limits your income-earning hours.

On my end, I can generally save $15 to $20 per week shopping at Aldi if I can find everything on my list. But it’s a big “if.” And if an Aldi run is incomplete and it costs me an extra hour of time due to having to hit up a second store, I’m losing a lot more than $15 to $20 in earnings. That’s how I justify the decision to skip Aldi most of the time.

But even if you’re not self-employed, if you’re just plain busy and aren’t able to buy everything you need at Aldi, you risk having to resort to takeout, which defeats your efforts to stick to a budget. And remember, too, that Aldi’s low prices may be closer to those of a traditional grocery store than you’d think if you hunt for discounts and stock up when you find them.

For example, the last time I bought pasta at Aldi, it was $0.99 per one-pound box. That’s not a price I normally find at my regular supermarket — unless I catch a sale. And recently, I did — and loaded up on pasta for $0.89 per box. So in that case, I saved myself time and money by skipping Aldi.

This won’t be the case for every product. But all told, there comes a point when your time is worth money. And if shopping at Aldi tends to make your life more difficult, you may want to think twice before you keep going there.

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We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.Maurie Backman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

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10 Florida Towns That Are Safest From Hurricanes

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 Thinking of moving to Florida? You may want to move these cities up on your list. Bilanol / Shutterstock.com

Florida is a hurricane hotspot. The National Oceanic and Atmospheric Administration reports that 40% of all U.S. hurricanes strike Florida, and some cities are more at risk than others. Homeinsurance.com completed a ranking of cities in Florida that are safest from hurricanes. They reviewed information in the NOAA Storm Events Database from 1965 to October 2014 and used a zero to 20 scoring…

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Millions of Aging Americans Are Facing Dementia by Themselves

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 Older adults are living alone while facing significant challenges and often falling through the cracks of the healthcare system. fizkes / Shutterstock.com

Sociologist Elena Portacolone was taken aback. Many of the older adults in San Francisco she visited at home for a research project were confused when she came to the door. They’d forgotten the appointment or couldn’t remember speaking to her. It seemed clear they had some type of cognitive impairment. Yet they were living alone. Portacolone, an associate professor at the University of…

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This Is the Best Life Insurance Company — for 5 Years in a Row Now

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 Life insurance customers say these companies offer the best experience. fizkes / Shutterstock.com

Today’s life insurance customers are frustrated that that their policies are unnecessarily complicated, according to J.D. Power latest annual U.S. Individual Life Insurance Study. Around 4,700 life insurance customers were asked to rate their insurers based on the following categories, listed in order of importance: Less than one-third of respondents — 29% — say they “strongly agree” that…

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11 Ways to Reduce ‘Noise’ in Your Financial Decisions

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 Start making better choices by cutting this out. Queenmoonlite Studio / Shutterstock.com

Building and maintaining a personal financial plan requires good decision-making. The book “Noise: A Flaw in Human Judgment,” from Daniel Kahneman (Nobel Prize-winning author of “Thinking, Fast and Slow“), Olivier Sibony, and Cass R. Sunstein attempts to explain why people make bad decisions and how to make better ones by cutting through the “noise.” How can their insight be applied to your…

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