December 12th, 2018

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Save Money On Food

How To Save Money On Food

All of us pass through phases in life where money is tight. Fortunately for us, there are various expenses that we can quickly do away with, like cable TV, gym memberships, and eating out at restaurants. On the other hand, there are other expenditures that we simply can’t avoid. Rent, debt repayments and school fees are just some of the necessary expenses that are set and there’s not much we can do about it. Having said that, 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 found there are a variety of ways in which we can all save on food expenses. Clearly, eating out at restaurants is much more expensive than eating at home, but I’m talking about saving money on your weekly food bills. You’ll be delighted at just how much money you can save by following some helpful guidelines, so here are some useful tips that can save you thousands of dollars every year on your grocery bills.

Plan your meals and write a shopping list

Have you ever had to throw away food simply because it’s past its expiration date? I know I have! By planning each meal of the week, you can ensure that you just spend money on food that is needed. Take a look in your pantry to find what ingredients you presently have, which ingredients you have to buy, and create a list of all the ingredients you’ll need for the upcoming week.

A lot of us are guilty of impulse buying at the supermarket, so planning your meals and purchasing only the ingredients on your list will drastically lessen any impulse buying. Don’t forget to always keep a paper and pen in the kitchen, so when you run out of a specific ingredient, you can write it down quickly and potentially eliminate a second trip to the supermarket. And always shop for groceries on a full stomach!

Don’t bring your children to the grocery store

In certain cases it can be difficult to organise, but if you go grocery shopping when your children are at 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 more quickly, but you don’t need to waste your energy by saying ‘NO’ to your kids every aisle. Typically this can become frustrating, so many people will give up here and there, and these nonessential items will accumulate over the year much more than you’d envision.

Shop in the evening

Speaking of shopping in the evening, you’re likely to spot the best prices at this time of day. Big grocery stores will frequently discount goods when they’re overstocked, and perishable goods like 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 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 excessively and throw away food, but always remember that you can cook meals and freeze them for a later time. Butter, cheese, and bread will keep up to three months in the freezer, and meat will usually last up to six months. Just make sure you have enough room in your freezer first!

Try discounted supermarkets

Discounted grocery stores such as Aldi will always have products that are less costly than the supermarket giants like Coles and Woolworths. Conversely, some goods will be more costly, so try finding bargains at discounted supermarkets prior to heading to your normal supermarket. Even though 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 want to save money on food then this is a superb idea.

If you’re encountering financial difficulties, always bear in mind that there are simple ways to save a considerable amount of money on one of your largest expenditures. By making some minor changes as well as a dash of self-discipline, you could potentially save thousands of dollars annually on your grocery bills.

If you discover that your financial position is still worsening, it’s always better to seek financial advice sooner rather than later. Talk with the professionals at Bankruptcy Experts Canberra on 1300 795 575, or visit our website for more financial advice: Bankruptcy Canberra