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March 16, 2018Comments Closed

How To Save Money On Food

Posted by:Bankruptcy Specialist onMarch 16, 2018

We all endure phases in life where money is tight. Thankfully for us, there are a few expenses that we can simply eliminate, like cable TV, gym memberships, and eating out at restaurants. Despite this, there are other expenses that we simply can’t avoid. Debt repayments, rent and school tuition are just some of the necessary expenses that are set and there’s not much 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 completed some research, I’ve discovered there are a number of ways in which we can all save on food expenses. Obviously, eating out at restaurants is much more costly than eating at home, but I’m referring to saving money on your weekly food bills. You’ll be delighted at just how much money you can save by adopting some general guidelines, so here are some simple tips that can save you thousands of dollars each year on your grocery bills.

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

The majority of us are guilty of impulse buying at the grocery store, so planning your meals and buying only the ingredients on your list will substantially reduce any impulse buying. Don’t forget to always keep a paper and pen in the kitchen, so when you run out of a particular ingredient, you can jot it down straight away and possibly eliminate a second trip to the supermarket. And always go grocery shopping on a full stomach!

Don’t bring your children to the supermarket
Often times it can be tricky to organise, but if you go grocery shopping when your kids go to school or in the evening when somebody can watch them, you’ll save a significant amount of money. Not only can you shop faster, but you don’t have to exhaust your energy by saying ‘NO’ to your children every aisle. Quite often this can be over-bearing, so lots of people will give up here and there, and these needless products will aggregate over the year far more than you’d imagine.

Go shopping at night
Speaking of shopping in the evening, you’re likely to find the best prices at this time of day. Big grocery stores will often discount goods when they’re overstocked, and perishable goods like bread, fruit and veggies will also likely to be marked down. Though it may sound 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 careful though, you don’t want to buy too much and throw away food, but always bear in mind that you can cook meals and freeze them for later in the week (or month). Bread, cheese, and butter will keep up to three months in the freezer, and meat products will typically last up to six months. Just ensure you have enough room in your freezer first!

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

If you’re dealing with financial difficulties, always keep in mind that there are easy ways to save a lot of money on one of your largest expenditures. By making some small adjustments together with a dash of self-discipline, you can potentially save thousands of dollars annually on your grocery bills.

If you find that your financial circumstance is still worsening, it’s always better to seek financial guidance sooner rather than later. Get in touch with the professionals at Bankruptcy Lismore on 1300 818 575, or visit our website for additional financial advice: https://www.bankruptcy-lismore.com.au/

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