March 16, 2018 0

How You Can Save Money On Food

Posted by:Bankruptcy Specialist onMarch 16, 2018

We all pass through times in life where money is tight. Thankfully for us, there are a few expenses that we can easily do away with, such as cable TV, gym memberships, and dining out at restaurants. On the other hand, there are other costs that we simply can’t avoid. Rent, debt repayments and school fees are just a number of the necessary expenses that are set and there’s not much 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 found there are a range of ways in which we can all save on food expenses. Obviously, dining out at restaurants is far more expensive 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 helpful guidelines, so here are some useful tips that can save you thousands of dollars annually on your food bills.

Plan your meals and prepare a shopping list
Have you ever needed to toss out food 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. Take a look in your kitchen to see what ingredients you currently have, which ingredients you have to buy, and write a list of all the ingredients you’ll need for the next week.

A lot of us are regretful of impulse buying at the grocery store, so planning your meals and purchasing only the ingredients on your list will greatly lessen any impulse buying. Don’t forget to always keep stationary in the kitchen, so when you run out of a certain ingredient, you can write it down instantly and perhaps eliminate a 2nd trip to the grocery store. And always shop for groceries on a full stomach!

Don’t bring your kids to the supermarket
In some cases it can be tough to organise, but if you go grocery shopping when your children go to school or at night when there’s someone to keep an eye on them, you’ll save loads of money. Not only can you shop a lot quicker, but you don’t need to drain your energy by saying ‘NO’ to your kids every aisle. Normally this can become overwhelming, so many people will give in occasionally, and these nonessential products will build up throughout the year far more than you’d envision.

Go shopping at night
Speaking of shopping in the evening, you’re most likely to come across the best prices at this time of day. Large grocery stores will normally discount goods when they’re overstocked, and perishable goods like bread, fruit and veggies will also likely to be marked down. Although it may appear to be a bit cruel after a long day, you can bag a lot of bargains by shopping at night.

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 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). Bread, butter, and cheese will keep up to 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 items that are less expensive than the supermarket giants like Coles and Woolworths. Likewise, some items will be more expensive, so try finding bargains at discounted grocery stores before heading to your normal grocery store. Though you may not recognise some of the brands, the quality of the food is practically 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 a superb idea.

If you’re experiencing financial issues, always bear in mind that there are easy ways to save a significant amount of money on one of your biggest expenses. By making some minor adjustments as well as a dash of self-discipline, you could potentially save thousands of dollars each year on your grocery bills.

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

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