March 16, 2018Comments Closed

Tips On How To Save Money On Food

Posted by:Bankruptcy Specialist onMarch 16, 2018

All of us endure periods in life where money is tight. Luckily for us, there are a few expenses that we can easily do away with, like cable TV, gym memberships, and eating out at restaurants. On the contrary, there are other expenditures that we simply can’t avoid. Rent, debt repayments and school fees are just a few of the necessary expenses that are set and there’s not much we can do about it. Having said this, there is one mandatory expense where we can all save a great deal of money; and that expense is food.

Having done some research, I’ve discovered there are a number of ways in which we can all save on food expenses. Needlessly to say, dining out at restaurants is far more costly than eating at home, but I’m referring to saving money on your weekly grocery bills. You’ll be amazed at just how much money you can save by adopting some practical guidelines, so here are some useful tips that can save you thousands of dollars every year on your food 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 really needed. Look in your kitchen to find what ingredients you presently have, which ingredients you need to buy, and write a list of all the ingredients you’ll need for the next week.

Most of us are regretful of impulse buying at the supermarket, so planning your meals and sticking to the ingredients on your list will substantially minimise any impulse buying. Remember to always keep a paper and pen in the kitchen, so when you run out of a certain ingredient, you can jot it down instantly and potentially eliminate a second trip to the grocery store. And always shop for groceries on a full stomach!

Don’t bring your kids to the grocery store
Occasionally it can be tough to organise, but if you go grocery shopping when your children go to school or in the evening when there’s someone to watch them, you’ll save a great deal of money. Not only can you shop more quickly, but you don’t have to drain your energy by saying ‘NO’ to your children every aisle. Commonly this can become overwhelming, so a lot of people will give up occasionally, and these unwanted items will add up throughout the year a lot more than you’d imagine.

Shop in the evening
Speaking of shopping in the evening, you’re most likely to spot the best prices at this time of day. Big grocery stores will normally discount items when they’re overstocked, and perishable goods such as bread, fruit and veggies will also likely to be marked down. Even though it may sound a 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 purchase excessively and waste food, but always bear in mind that you can cook meals and freeze them for a later time. Cheese, butter, and bread will last about three months in the freezer, and meat products will usually last up to six months. Just see to it that you have enough room in your freezer first!

Have a go at discounted grocery stores
Discounted grocery stores like Aldi will always have items that are less expensive than the supermarket giants like Coles and Woolworths. On the other hand, some goods will be more expensive, so try finding bargains at discounted grocery stores prior to heading to your regular supermarket. While 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 need to save money on food then this is an excellent idea.

If you’re suffering from financial difficulties, always bear in mind that there are practical ways to save a significant amount of money on one of your largest expenses. By making some modest adjustments in conjunction with a dash of discipline, you can potentially save thousands of dollars each year on your grocery bills.

If you discover that your financial condition is still worsening, it’s always better to seek financial advice sooner rather than later. Get in touch with the specialists at Bankruptcy Perth on 1300 818 575, or visit our website for additional financial advice:

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