March 16, 2018Comments Closed

How To Save Money On Food

Posted by:admin onMarch 16, 2018

We all pass through phases in life where money is tight. Luckily for us, there are particular expenses that we can quickly do away with, for example cable television, gym memberships, and eating out at restaurants. Despite this, there are other costs that we simply can’t avoid. Rent, debt repayments and school tuition are just some of the necessary expenses that are fixed and there’s little we can do about it. Having said this, there is one mandatory expense where we can all save a good deal of money; and that expense is food.

Having carried out some research, I’ve discovered there are a multitude of ways in which we can all save on food expenses. Certainly, eating 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 astounded at just how much money you can save by following some general guidelines, so here are some quick 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 because it’s past its expiration date? I know I have! By planning every meal of the week, you can ensure that you only spend money on food that is needed. Take a look in your pantry to see what ingredients you currently have, which ingredients you have to buy, and prepare a list of all the ingredients you’ll need for the upcoming week.

The majority of us are guilty of impulse buying at the grocery store, so planning your meals and buying only the ingredients on your list will greatly minimise any impulse buying. Don’t forget to always keep stationary in the kitchen, so when you run out of a specific ingredient, you can write it down immediately and perhaps eliminate a 2nd trip to the supermarket. And always go grocery shopping on a full stomach!

Don’t bring your kids to the supermarket

Occasionally it can be difficult to organise, but if you go grocery shopping when your kids go to school or in the evening when somebody can watch 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 children every aisle. Generally this can become overwhelming, so many people will give in here and there, and these unnecessary items will aggregate throughout the year far more than you’d imagine.

Shop in the evening

Speaking of shopping at night, you’re most likely to come across the best prices at this time of day. Large grocery stores will frequently discount products when they’re overstocked, and perishable goods such as bread, fruit and vegetables will also likely to be marked down. Though it may appear to be a tad 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, particularly on discounted items. Be careful though, you don’t want to purchase too much and throw away food, but always remember that you can cook meals and freeze them for a later time. Bread, butter, and cheese will keep about three months in the freezer, and meat products will usually 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 goods that are cheaper than the supermarket giants like Woolworths and Coles. However, some products will be more expensive, so try finding bargains at discounted supermarkets before visiting 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 intend to save money on food then this is an excellent idea.

If you’re dealing with financial challenges, always remember that there are useful ways to save a significant amount of money on one of your biggest expenditures. By making some modest adjustments coupled with a dash of self-discipline, you could potentially save thousands of dollars yearly on your grocery bills.

If you discover that your financial circumstance is still worsening, it’s always better to seek financial guidance sooner rather than later. Speak to the professionals at Bankruptcy Experts Mount Isa on 1300 795 575, or visit our website for additional financial advice: Bankruptcy Mount Isa

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