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March 16, 2018Comments Closed

Ways To Save Money On Food

Posted by:Bankruptcy Specialist onMarch 16, 2018

Most of us go through periods in life where money is tight. Luckily for us, there are a few expenses that we can readily eliminate, such as cable TV, gym memberships, and dining out at restaurants. Despite this, there are other expenditures that we simply can’t avoid. Debt repayments, rent and school tuition are just some of the mandatory expenses that are set 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 found there are a multitude of ways in which we can all save on food expenses. Naturally, dining 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 amazed at just how much money you can save by following some practical guidelines, so here are some useful tips that can save you thousands of dollars each year on your food bills.

Plan your meals and create a shopping list
Have you ever needed 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 be sure that you only spend money on food that is really needed. Look in your kitchen to see what ingredients you presently have, which ingredients you need to buy, and write a list of all the ingredients you’ll need for the upcoming week.

Many of us are regretful of impulse buying at the grocery store, so planning your meals and sticking to the ingredients on your list will significantly 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 write it down instantly and most likely avoid a 2nd trip to the grocery store. And always shop for food on a full stomach!

Don’t bring your children to the grocery store
At times it can be hard 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 faster, but you don’t have to drain your energy by saying ‘NO’ to your kids every aisle. Quite often this can be overpowering, so many people will give up occasionally, and these needless products will add up over the year much more than you’d envision.

Go shopping at night
Speaking of shopping at night, you’re more than likely to spot the best prices at this time of day. Big supermarkets will regularly discount items when they’re overstocked, and perishable goods such as bread, fruit and vegetables will also likely to be marked down. While it may appear to be 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 cautious though, you don’t want to buy excessively and throw away food, but always keep in mind that you can prepare meals and freeze them for later in the week (or month). Butter, cheese, and bread will last around three months in the freezer, and meat will normally last up to six months. Just ensure that you have enough room in your freezer first!

Have a go at discounted grocery stores
Discounted supermarkets such as Aldi will always have products that are cheaper than the supermarket giants like Woolworths and Coles. However, some goods will be more expensive, so try finding bargains at discounted grocery stores prior to visiting your regular grocery store. Even though you may not recognise some of the brands, the quality of the food is roughly the same. The structure is also different, so it may take a bit of getting used to, but if you intend to save money on food then this is an excellent idea.

If you’re experiencing financial issues, always keep in mind that there are straightforward ways to save a substantial amount of money on one of your biggest expenditures. By making some modest adjustments coupled with a dash of discipline, you could potentially save thousands of dollars annually on your grocery bills.

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

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