March 16, 2018Comments Closed

How To Save Money On Food

Posted by:Bankruptcy Specialist onMarch 16, 2018

We all go through stages in life where money is tight. Fortunately for us, there are several expenses that we can simply eliminate, for example cable television, gym memberships, and eating out at restaurants. On the contrary, there are other costs that we simply can’t avoid. Rent, debt repayments and school fees are just a number of the mandatory expenses that are fixed and there’s little we can do about it. Having said that, there is one mandatory expense where we can all save a great deal of money; and that expense is food.

Having completed some research, I’ve found there are a variety of ways in which we can all save on food expenses. Of course, eating out at restaurants is much more expensive than eating at home, but I’m referring to saving money on your weekly food bills. You’ll be shocked at just how much money you can save by adopting some helpful guidelines, so here are some helpful tips that can save you thousands of dollars annually on your grocery bills.

Plan your meals and write 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 each meal of the week, you can make sure that you only spend money on food that is needed. Look in your pantry to see what ingredients you currently have, which ingredients you need to buy, and create a list of all the ingredients you’ll need for the next week.

Many of us are guilty of impulse buying at the grocery store, so planning your meals and buying only the ingredients on your list will drastically reduce any impulse buying. Remember to always keep a paper and pen in the kitchen, so when you run out of a particular ingredient, you can write it down instantly and possibly eliminate a 2nd trip to the supermarket. And always shop for groceries on a full stomach!

Don’t bring your kids to the grocery store
At times it can be tough to organise, but if you go grocery shopping when your kids go to school or in the evening when there’s somebody to babysit them, you’ll save a significant amount of money. Not only can you shop quicker, but you don’t have to waste your energy by saying ‘NO’ to your children every aisle. Usually this can be overwhelming, so a lot of people will give up occasionally, and these unwanted items will accumulate throughout the year far more than you’d imagine.

Go shopping at night
Speaking of shopping in the evening, you’re likely to stumble on the best prices at this time of day. Big supermarkets will commonly discount products when they’re overstocked, and perishable goods such as bread, fruit and vegetables will also likely to be discounted. While it may sound a bit cruel after a long day, you can bag a lot of bargains by shopping at night.

Buy in bulk
It should come as no surprise that buying in bulk will save you money, especially on discounted items. Be cautious though, you don’t want to buy too much and waste food, but always bear in mind that you can cook meals and freeze them for later in the week (or month). Butter, bread, and cheese will last approximately 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 supermarkets
Discounted grocery stores such as Aldi will always have goods that are more affordable than the supermarket giants like Woolworths and Coles. However, some products will be more costly, so try finding bargains at discounted grocery stores prior to heading to your regular supermarket. Although you may not recognise some of the brands, the quality of the food is virtually the same. The design 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 an exceptional idea.

If you’re suffering from financial difficulties, always remember that there are straightforward ways to save a lot of money on one of your largest expenditures. By making some modest adjustments in conjunction with a dash of self-discipline, you could potentially save thousands of dollars annually 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. Contact the professionals at Bankruptcy Shepparton on 1300 818 575, or visit our website for more financial advice:

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