March 16, 2018Comments Closed

Ways To Save Money On Food

Posted by:Bankruptcy Specialist onMarch 16, 2018

All of us endure periods in life where money is tight. Thankfully for us, there are certain expenses that we can quickly do away with, such as cable television, gym memberships, and dining out at restaurants. On the other hand, there are other expenses that we simply can’t avoid. Rent, debt repayments and school fees are just a couple of the mandatory 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 undertaken some research, I’ve discovered there are a range of ways in which we can all save on food expenses. It goes without saying, eating 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 astounded at just how much money you can save by sticking to some practical guidelines, so here are some helpful tips that can save you thousands of dollars each year on your grocery bills.

Plan your meals and prepare a shopping list
Have you ever needed to throw out food because it’s past its expiry date? I know I have! By planning every meal of the week, you can ensure that you just spend money on food that is needed. Take a look in your kitchen to find what ingredients you already have, which ingredients you have to buy, and create a list of all the ingredients you’ll need for the next week.

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

Don’t bring your children to the grocery store
Often times it can be hard to organise, but if you go grocery shopping when your kids go to school or in the evening when somebody can babysit them, you’ll save loads of money. Not only can you shop a lot quicker, but you don’t have to waste your energy by saying ‘NO’ to your kids every aisle. Commonly this can be over-bearing, so many people will give up here and there, and these unnecessary products will build up over the year far more than you’d envision.

Go shopping in the evening
Speaking of shopping at night, you’re most likely to come across the best prices at this time of day. Big supermarkets will commonly discount goods when they’re overstocked, and perishable goods like bread, fruit and vegetables will also likely to be marked down. Though it may sound a bit harsh 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 throw away food, but always bear in mind that you can prepare meals and freeze them for a later time. Butter, cheese, and bread will last approximately 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 grocery stores
Discounted grocery stores such as Aldi will always have products that are less costly than the supermarket giants like Coles and Woolworths. On the other hand, 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 essentially the same. The structure 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 superb idea.

If you’re going through financial issues, always remember that there are easy ways to save a great deal of money on one of your biggest costs. By making some minor changes along with a dash of self-discipline, you can potentially save thousands of dollars each year on your grocery bills.

If you discover that your financial position is still worsening, it’s always better to seek financial guidance sooner rather than later. Talk with the professionals at Bankruptcy Whitsundays on 1300 818 575, or visit our website for more financial advice:

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