How You Can Save Money On Food

How You Can Save Money On Food

All of us pass through phases in life where money is tight. Thankfully for us, there are specific expenses that we can easily eliminate, like cable television, gym memberships, and eating out at restaurants. On the contrary, there are other costs that we simply can’t avoid. Rent, debt repayments and school fees are just a few of the necessary 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 performed some research, I’ve found there are a range of ways in which we can all save on food expenses. Of course, dining 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 amazed at just how much money you can save by following some general guidelines, so here are some useful 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 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 make sure that you only spend money on food that is really needed. Take a look in your pantry to see what ingredients you currently have, which ingredients you need to buy, and prepare a list of all the ingredients you’ll need for the following week.

A lot of us are regretful of impulse buying at the supermarket, so planning your meals and sticking to the ingredients on your list will considerably 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 immediately and possibly eliminate a 2nd trip to the supermarket. And always shop for food on a full stomach!

Don’t bring your children to the supermarket
Often it can be hard to organise, but if you go grocery shopping when your children are at school or in the evening when someone can babysit them, you’ll save heaps 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. Generally this can be overpowering, so lots of people will give in occasionally, and these unneeded items will aggregate over the year a lot more than you’d imagine.

Go shopping in the evening
Speaking of shopping in the evening, you’re more than likely to find the best prices at this time of day. Big grocery stores will commonly discount products when they’re overstocked, and perishable goods like bread, fruit and veggies will also likely to be discounted. 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 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). Butter, cheese, and bread will last as much as three months in the freezer, and meat will normally last up to six months. Just be sure you have enough room in your freezer first!

Have a go at discounted grocery stores
Discounted supermarkets like Aldi will always have items that are less costly than the supermarket giants like Woolworths and Coles. Conversely, some goods will be more costly, so try finding bargains at discounted grocery stores before heading to your normal supermarket. While you may not recognise some of the brands, the quality of the food is basically 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 encountering financial problems, always keep in mind that there are basic ways to save a considerable amount of money on one of your largest costs. By making some minor changes together with a dash of discipline, you can potentially save thousands of dollars each year on your grocery bills.

If you discover that your financial situation is still worsening, it’s always better to seek financial advice sooner rather than later. Talk with the professionals at Bankruptcy Experts Bunbury on 1300 795 575, or visit our website for more financial advice:

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