How To Save Money On Food

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How To Save Money On Food

We all go through stages in life where money is tight. Luckily for us, there are particular expenses that we can quite easily eliminate, for instance cable television, gym memberships, and dining out at restaurants. Despite this, there are other expenditures that we simply can’t avoid. Rent, debt repayments and school fees are just a few of the mandatory expenses that are set and there’s not much we can do about it. Having said this, there is one mandatory expense where we can all save a great deal of money; and that expense is food.

Having conducted some research, I’ve discovered there are a variety of ways in which we can all save on food expenses. Of course, dining out at restaurants is far more costly than eating at home, but I’m referring to saving money on your weekly food bills. You’ll be astounded at just how much money you can save by adopting some practical guidelines, so here are some simple tips that can save you thousands of dollars every year on your grocery bills.

Plan your meals and prepare a shopping list
Have you ever needed to throw out food simply because it’s past its expiry date? I know I have! By planning every meal of the week, you can make sure that you only spend money on food that is really needed. Look in your pantry to see what ingredients you presently have, which ingredients you need to buy, and create a list of all the ingredients you’ll need for the following week.

The majority of us are regretful of impulse buying at the grocery store, so planning your meals and purchasing only the ingredients on your list will dramatically lessen any impulse buying. Remember to always keep stationary in the kitchen, so when you run out of a specific ingredient, you can write it down immediately and possibly prevent a 2nd trip to the supermarket. And always go grocery shopping on a full stomach!

Don’t bring your kids to the supermarket
In certain cases it can be difficult to organise, but if you go grocery shopping when your children are at school or at night when somebody can babysit them, you’ll save a great deal of money. Not only can you shop more quickly, but you don’t need to drain your energy by saying ‘NO’ to your kids every aisle. Quite often this can be over-bearing, so many people will give up here and there, and these nonessential products will accumulate over the year far more than you’d envision.

Go shopping in the evening
Speaking of shopping at night, you’re more than likely to uncover the best prices at this time of day. Big supermarkets will typically discount products when they’re overstocked, and perishable goods such as bread, fruit and veggies will also likely to be discounted. Even though it may seem a tad cruel after a long day, you can bag a lot of bargains by shopping in the evening.

Buy in bulk
It should come as no surprise that buying in bulk will save you money, particularly on discounted items. Be careful though, you don’t want to buy excessively and throw away food, but always remember that you can cook meals and freeze them for a later time. Bread, cheese, and butter will last as much as three months in the freezer, and meat will generally last up to six months. Just see to it that you have enough room in your freezer first!

Try discounted grocery stores
Discounted grocery stores like Aldi will always have items that are less expensive than the supermarket giants like Coles and Woolworths. On the contrary, some products will be more costly, so try finding bargains at discounted supermarkets prior to heading to your normal supermarket. Though you may not recognise some of the brands, the quality of the food is just about the same. The structure is also different, so it may take a bit of getting used to, but if you wish to save money on food then this is a superb idea.

If you’re suffering from financial difficulties, always bear in mind that there are practical ways to save a substantial amount of money on one of your largest expenditures. By making some small adjustments along with a dash of discipline, you could potentially save thousands of dollars every year on your grocery bills.

If you discover that your financial situation is still worsening, it’s always better to seek financial advice sooner rather than later. Speak with the specialists at Bankruptcy Experts Sunshine Coast on 1300 795 575, or visit our website for more financial advice: www.bankruptcyexpertssunshinecoast.com.au

By | 2018-07-09T02:06:26+00:00 March 16th, 2018|Bankruptcy, Liquidation|0 Comments

About the Author:

Director of Fresh Start Solutions and specialises in helping people free themselves from overwhelming debt. Whether it's Bankruptcy, Liquidation, Insolvency Advice or simply General Debt Advice.