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March 16, 2018Comments Closed

How To Save Money On Food

Posted by:Bankruptcy Specialist onMarch 16, 2018

All of us endure phases in life where money is tight. Fortunately for us, there are a number of expenses that we can quite easily do away with, for example cable TV, gym memberships, and eating out at restaurants. Despite this, there are other expenditures that we simply can’t avoid. Debt repayments, rent and school fees are just some of the mandatory expenses that are set and there’s very little we can do about it. Having said that, there is one necessary expense where we can all save a considerable amount of money; and that expense is food.

Having done some research, I’ve discovered there are a range of ways in which we can all save on food expenses. Needlessly to say, eating out at restaurants is much more expensive 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 adopting some helpful guidelines, so here are some useful tips that can save you thousands of dollars every year on your grocery bills.

Plan your meals and create a shopping list
Have you ever needed to throw out food simply 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 already have, which ingredients you have to buy, and create 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 purchasing only the ingredients on your list will significantly minimise any impulse buying. Remember to always keep stationary in the kitchen, so when you run out of a particular ingredient, you can write it down immediately and most likely avoid a 2nd trip to the supermarket. And always shop for groceries on a full stomach!

Don’t bring your kids to the supermarket
At times 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 a significant amount of money. Not only can you shop faster, but you don’t need to drain your energy by saying ‘NO’ to your children every aisle. Usually this can become frustrating, so a lot of people will give in occasionally, and these excessive items will accumulate over the year far more than you’d envision.

Go shopping at night
Speaking of shopping at night, you’re more than likely to stumble on the best prices at this time of day. Large grocery stores will typically discount products when they’re overstocked, and perishable goods such as bread, fruit and veggies will also likely to be discounted. Although it may sound a little 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 cautious though, you don’t want to purchase excessively and throw away food, but always remember that you can prepare meals and freeze them for later in the week (or month). Butter, bread, and cheese will last around three months in the freezer, and meat will typically last up to six months. Just be sure you have enough room in your freezer first!

Try 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 contrary, some products will be more expensive, so try finding bargains at discounted grocery stores prior to heading to your usual grocery store. While you may not recognise some of the brands, the quality of the food is virtually 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 terrific idea.

If you’re suffering from financial problems, always remember that there are simple ways to save a great deal of money on one of your largest costs. By making some minor adjustments in conjunction with a dash of discipline, you could potentially save thousands of dollars each year 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 Parramatta on 1300 818 575, or visit our website for more financial advice: https://www.bankruptcy-parramatta.com.au/

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