March 16, 2018Comments Closed

The Best Ways To Save Money On Food

Posted by:Bankruptcy Specialist onMarch 16, 2018

Most of us experience times in life where money is tight. Fortunately for us, there are a number of expenses that we can easily do away with, such as cable television, gym memberships, and eating out at restaurants. On the contrary, there are other expenses that we simply can’t avoid. Debt repayments, rent and school fees are just a couple of the mandatory expenses that are set and there’s very little we can do about it. Having said this, there is one necessary expense where we can all save a lot of money; and that expense is food.

Having completed some research, I’ve discovered there are a multitude of ways in which we can all save on food expenses. Obviously, eating out at restaurants is much more costly than eating at home, but I’m referring to saving money on your weekly grocery bills. You’ll be amazed at just how much money you can save by following some helpful guidelines, so here are some simple 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 had to throw out food simply because it’s past its expiry date? I know I have! By planning each meal of the week, you can make sure that you only spend money on food that is needed. Have a look in your kitchen to find what ingredients you currently have, which ingredients you need to buy, and create a list of all the ingredients you’ll need for the following week.

Most of us are regretful of impulse buying at the grocery store, so planning your meals and sticking to the ingredients on your list will substantially minimise any impulse buying. Remember to always keep a paper and pen in the kitchen, so when you run out of a certain ingredient, you can write it down instantly and perhaps prevent a second trip to the supermarket. And always shop for groceries on a full stomach!

Don’t bring your children to the grocery store
In certain cases it can be tricky to organise, but if you go grocery shopping when your children go to school or in the evening when there’s someone to babysit them, you’ll save loads of money. Not only can you shop more quickly, but you don’t have to drain your energy by saying ‘NO’ to your kids every aisle. Quite often this can become overwhelming, so many people will give up here and there, and these unneeded products will add up over the year much more than you’d envision.

Shop in the evening
Speaking of shopping in the evening, you’re most likely to spot the best prices at this time of day. Big grocery stores will frequently discount items when they’re overstocked, and perishable goods like bread, fruit and vegetables will also likely to be marked down. Even though it may sound a tad cruel 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 buy too much and throw away food, but always keep in mind that you can prepare meals and freeze them for later in the week (or month). Butter, bread, and cheese will keep as much as three months in the freezer, and meat will usually last up to six months. Just make sure you have enough room in your freezer first!

Try discounted grocery stores
Discounted grocery stores like Aldi will always have goods that are much cheaper than the supermarket giants like Woolworths and Coles. Likewise, some products will be more costly, so try finding bargains at discounted grocery stores before heading to your usual grocery store. While you may not recognise some of the brands, the quality of the food is just about the same. The design is also different, so it may take a bit of getting used to, but if you need to save money on food then this is a terrific idea.

If you’re experiencing financial troubles, always keep in mind that there are easy ways to save a significant amount of money on one of your biggest expenses. By making some small adjustments along with a dash of discipline, you can potentially save thousands of dollars every year on your grocery bills.

If you find that your financial position is still worsening, it’s always better to seek financial advice sooner rather than later. Contact the professionals at Bankruptcy Rockhampton on 1300 818 575, or visit our website for additional financial advice:

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