Abstract: A method of managing an inventory of household products through virtual storage, such as in a virtual refrigerator, freezer, pantry, using electronic devices such as a smart phone. The virtual storage includes at least one of a description of each product in the virtual storage; the date each product was purchased; the expiration date of each product; and the freshness level of each product, including whether each product is still fresh, needs to be used within a certain time period, or needs to be thrown out. Related features include generation of shopping lists, coupons and recipes for a consumer based on the products in virtual storage or depleted therefrom.