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March 16, 20180

Tips On How To Save Money On Food

Posted by:Bankruptcy Specialist onMarch 16, 2018

All of us pass through stages in life where money is tight. Thankfully for us, there are a number of expenses that we can simply eliminate, for example cable TV, gym memberships, and eating out at restaurants. On the contrary, there are other costs that we simply can’t avoid. Debt repayments, rent and school fees are just a couple of the necessary expenses that are fixed and there’s little we can do about it. Having said this, there is one necessary expense where we can all save a good 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. Naturally, eating out at restaurants is far more costly than eating at home, but I’m talking about 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 useful tips that can save you thousands of dollars annually on your grocery bills.

Plan your meals and write a shopping list
Have you ever had 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. Have a look in your kitchen to see what ingredients you presently have, which ingredients you need to buy, and prepare a list of all the ingredients you’ll need for the coming week.

Many of us are guilty of impulse buying at the supermarket, so planning your meals and buying only the ingredients on your list will considerably minimise any impulse buying. Don’t forget to always keep a pen and paper in the kitchen, so when you run out of a particular ingredient, you can jot it down quickly and possibly prevent a second trip to the grocery store. And always shop for food on a full stomach!

Don’t bring your kids to the supermarket
Often it can be tricky to organise, but if you go grocery shopping when your children go to school or in the evening when there’s somebody to babysit them, you’ll save a considerable amount of money. Not only can you shop faster, but you don’t need to drain your energy by saying ‘NO’ to your kids every aisle. Usually this can become overwhelming, so many people will give in here and there, and these unneeded items will build up throughout the year far more than you’d imagine.

Shop in the evening
Speaking of shopping in the evening, you’re likely to find the best prices at this time of day. Big grocery stores will commonly discount items when they’re overstocked, and perishable goods such as bread, fruit and vegetables will also likely to be marked down. Though it may appear to be a little bit 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, especially on discounted items. Be cautious though, you don’t want to purchase excessively and waste food, but always remember that you can prepare meals and freeze them for a later time. Cheese, bread, and butter will last approximately three months in the freezer, and meat will typically last up to six months. Just be sure you have enough room in your freezer first!

Have a go at discounted supermarkets
Discounted grocery stores such as Aldi will always have goods that are less costly than the supermarket giants like Woolworths and Coles. On the contrary, some products will be more costly, so try finding bargains at discounted grocery stores before heading to your usual supermarket. Though you may not recognise some of the brands, the quality of the food is essentially the same. The structure is also different, so it may take a bit of getting used to, but if you want to save money on food then this is a fantastic idea.

If you’re experiencing financial challenges, always bear in mind that there are basic ways to save a considerable amount of money on one of your biggest expenditures. By making some minor changes together with a dash of self-discipline, you could potentially save thousands of dollars each 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. Talk to the professionals at Bankruptcy Frankston on 1300 818 575, or visit our website for more financial advice:

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