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March 16, 2018Comments Closed

The Best Ways To Save Money On Food

Posted by:Bankruptcy Specialist onMarch 16, 2018

We all go through stages in life where money is tight. Luckily for us, there are a number of expenses that we can quite easily eliminate, like 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 a couple of the mandatory expenses that are fixed and there’s not much we can do about it. Having said that, there is one mandatory expense where we can all save a great deal of money; and that expense is food.

Having done some research, I’ve found there are a number of ways in which we can all save on food expenses. Obviously, eating out at restaurants is far more costly than eating at home, but I’m referring to saving money on your weekly grocery bills. You’ll be surprised at just how much money you can save by adopting some helpful guidelines, so here are some simple tips that can save you thousands of dollars each year on your grocery bills.

Plan your meals and write a shopping list
Have you ever had to toss out food because it’s past its expiry date? I know I have! By planning each meal of the week, you can be sure that you just spend money on food that is needed. Look in your kitchen to find what ingredients you already have, which ingredients you need to buy, and create 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 drastically minimise 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 immediately and perhaps prevent a second trip to the supermarket. And always shop for food on a full stomach!

Don’t bring your children to the grocery store
At times it can be tricky to organise, but if you go grocery shopping when your kids go to school or at night when there’s someone to watch them, you’ll save a significant amount of money. Not only can you shop quicker, but you don’t need to waste your energy by saying ‘NO’ to your children every aisle. Commonly this can become frustrating, so a lot of people will give up occasionally, and these excessive items will aggregate throughout the year a lot more than you’d imagine.

Go shopping at night
Speaking of shopping at night, you’re more than likely to spot the best prices at this time of day. Large supermarkets will often discount products when they’re overstocked, and perishable goods such as bread, fruit and veggies will also likely to be marked down. Though it may sound a tad 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 cautious though, you don’t want to buy excessively and waste food, but always bear in mind that you can cook meals and freeze them for later in the week (or month). Cheese, bread, and butter will keep up to three months in the freezer, and meat will generally last up to six months. Just ensure 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 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 before visiting your regular grocery store. Even though you may not recognise some of the brands, the quality of the food is essentially 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 terrific idea.

If you’re experiencing financial difficulties, always bear in mind that there are useful ways to save a great deal of money on one of your biggest expenditures. By making some small adjustments in conjunction with a dash of self-discipline, you could potentially save thousands of dollars yearly 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. Get in contact with the specialists at Bankruptcy Wollongong on 1300 818 575, or visit our website for more financial advice: http://www.bankruptcy-wollongong.com.au/

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