March 16, 2018Comments Closed

The Best Ways To Save Money On Food

Posted by:Bankruptcy Specialist onMarch 16, 2018

We all endure phases in life where money is tight. Thankfully for us, there are several expenses that we can readily do away with, such as cable television, gym memberships, and dining out at restaurants. Despite this, there are other expenditures that we simply can’t avoid. Rent, debt repayments and school tuition are just a couple of the mandatory expenses that are fixed and there’s very little 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 completed some research, I’ve discovered there are a number of ways in which we can all save on food expenses. Naturally, 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 delighted at just how much money you can save by sticking to some practical guidelines, so here are some simple 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 had 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 ensure that you only spend money on food that is needed. Take a look in your kitchen to see what ingredients you already have, which ingredients you have to buy, and write a list of all the ingredients you’ll need for the upcoming 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 drastically diminish any impulse buying. Don’t forget to always keep a paper and pen in the kitchen, so when you run out of a particular ingredient, you can write it down quickly and perhaps avoid a second 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 difficult to organise, but if you go grocery shopping when your kids are at school or at night when somebody can babysit them, you’ll save heaps of money. Not only can you shop more quickly, but you don’t need to drain your energy by saying ‘NO’ to your children every aisle. Commonly this can be frustrating, so lots of people will give in occasionally, and these unnecessary products will build up over the year far more than you’d imagine.

Go shopping at night
Speaking of shopping in the evening, you’re more than likely to stumble on 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 marked down. While it may seem 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 cautious though, you don’t want to buy too much and throw away food, but always bear in mind that you can prepare meals and freeze them for a later time. Butter, cheese, and bread will keep as much as three months in the freezer, and meat products will normally last up to six months. Just ensure you have enough room in your freezer first!

Have a go at discounted supermarkets
Discounted supermarkets such as Aldi will always have products that are cheaper than the supermarket giants like Woolworths and Coles. However, some items will be more expensive, so try finding bargains at discounted grocery stores prior to visiting your usual supermarket. Though 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 fantastic idea.

If you’re dealing with financial problems, always keep in mind that there are straightforward ways to save a significant amount of money on one of your biggest costs. By making some minor adjustments together with a dash of discipline, you could potentially save thousands of dollars each year on your grocery bills.

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

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