March 16, 2018Comments Closed

The Best Ways To Save Money On Food

Posted by:Charles Bosse onMarch 16, 2018

Most of us go through periods in life where money is tight. Luckily for us, there are a number of expenses that we can readily do away with, for instance cable TV, gym memberships, and eating out at restaurants. On the contrary, there are other expenditures that we simply can’t avoid. Debt repayments, rent and school tuition are just a couple of the necessary expenses that are fixed 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 done some research, I’ve found there are a range of ways in which we can all save on food expenses. Needlessly to say, eating out at restaurants is much more costly than eating at home, but I’m talking about saving money on your weekly grocery bills. You’ll be shocked 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 every year on your food bills.

Plan your meals and prepare a shopping list
Have you ever had to toss out food because it’s past its expiry date? I know I have! By planning every meal of the week, you can be sure 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 need to buy, and create a list of all the ingredients you’ll need for the coming week.

Most of us are guilty of impulse buying at the grocery store, so planning your meals and purchasing only the ingredients on your list will drastically diminish any impulse buying. Remember to always keep a pen and paper in the kitchen, so when you run out of a certain ingredient, you can write it down quickly and possibly avoid a second trip to the grocery store. And always shop for groceries on a full stomach!

Don’t bring your kids to the supermarket
Sometimes it can be difficult to organise, but if you go grocery shopping when your kids go to school or in the evening when there’s someone to watch them, you’ll save heaps of money. Not only can you shop more quickly, but you don’t have to waste your energy by saying ‘NO’ to your kids every aisle. Commonly this can be overpowering, so lots of people will give in here and there, and these unneeded products will accumulate over the year far more than you’d envision.

Go shopping in the evening
Speaking of shopping at night, you’re likely to spot the best prices at this time of day. Large supermarkets will typically discount items when they’re overstocked, and perishable goods like bread, fruit and vegetables will also likely to be marked down. Although it may appear to be 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, especially on discounted items. Be cautious though, you don’t want to purchase too much and throw away food, but always remember that you can prepare meals and freeze them for later in the week (or month). Bread, butter, and cheese will last as much as three months in the freezer, and meat products will generally last up to six months. Just ensure you have enough room in your freezer first!

Try discounted grocery stores
Discounted grocery stores like Aldi will always have products that are less expensive than the supermarket giants like Woolworths and Coles. On the other hand, some goods will be more expensive, so try finding bargains at discounted supermarkets prior to heading to your usual supermarket. 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 wish to save money on food then this is a terrific idea.

If you’re experiencing financial issues, always bear in mind that there are basic ways to save a great deal of money on one of your biggest costs. By making some minor changes as well as a dash of self-discipline, you can potentially save thousands of dollars each year on your grocery bills.

If you find that your financial condition is still worsening, it’s always better to seek financial guidance sooner rather than later. Get in contact with the professionals at Bankruptcy Sydney on 1300 818 575, or visit our website for more financial advice:

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