Mark Cuban Has a Genius Plan to Save Money on Groceries

Take lessons from the rich on how to be poor.

Times are tough for Americans due to record inflation, but billionaire Mark Cuban has some tips for how low-income households can make ends meet. 

Cuban's plan for people struggling to stay afloat as grocery prices rise: off-peak shopping. 

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"I used to go to the grocery store at midnight because they lowered the price of chicken and these big French fries to $1.29. And I would buy a bunch of them," Cuban told Bill Maher on his "Club Random" podcast. 

He also used to eat Cheez Whiz from the can and leave the contaminated canister for unsuspecting shoppers to buy later. 

"I'd take the Cheez Whiz, open the top, [eat it], and put it back," Cuban said.

Cuban has come a long way from his late-night shopping, Cheez Whiz-stealing days. The time in his life he described on the podcast was when he just moved to Dallas from Indiana in his mid-20's. 

At the time, Cuban says, he didn't have a lot of money. Now, he's worth nearly $5 billion, according to some estimates. 

Meanwhile the core PCE Price index, a detailed measure of inflation that is closely tracked by Fed officials, jumped 0.6% in January, well ahead of Street forecasts of a 0.4% gain and the biggest monthly advance since July. 

The year-on-year measure was also higher, speeding to 4.7%, thanks in part to a big 1.8% uptick in personal spending -- the biggest driver of U.S. economic growth -- that dovetailed with the blowout January retail sales figures published last week.