March 16, 2018Comments Closed

How You Can Save Money On Food

Posted by:Bankruptcy Specialist onMarch 16, 2018

We all experience phases in life where money is tight. Fortunately for us, there are specific expenses that we can easily eliminate, like cable TV, gym memberships, and dining out at restaurants. On the other hand, there are other expenditures that we simply can’t avoid. Debt repayments, rent and school tuition are just a number of the necessary expenses that are set and there’s little we can do about it. Having said that, there is one mandatory expense where we can all save a considerable amount of money; and that expense is food.

Having completed some research, I’ve found there are a multitude of ways in which we can all save on food expenses. Naturally, 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 amazed at just how much money you can save by adopting some practical guidelines, so here are some helpful tips that can save you thousands of dollars every year on your grocery bills.

Plan your meals and prepare a shopping list
Have you ever needed to toss out food simply because it’s past its expiration 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 really needed. Have a look in your kitchen 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 coming week.

Most of us are guilty of impulse buying at the supermarket, so planning your meals and buying only the ingredients on your list will significantly diminish any impulse buying. Don’t forget to always keep a paper and pen in the kitchen, so when you run out of a specific ingredient, you can write it down straight away and possibly 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
At times it can be hard to organise, but if you go grocery shopping when your children are at school or at night when there’s someone to watch them, you’ll save heaps of money. Not only can you shop a lot quicker, but you don’t need to exhaust your energy by saying ‘NO’ to your kids every aisle. Usually this can become over-bearing, so many people will give in occasionally, and these nonessential items will accumulate over the year far more than you’d envision.

Shop at night
Speaking of shopping in the evening, you’re more than likely to come across the best prices at this time of day. Big supermarkets will frequently discount goods 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 little bit harsh 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 keep in mind that you can prepare meals and freeze them for later in the week (or month). Bread, cheese, and butter will keep around three months in the freezer, and meat will typically 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 goods that are less expensive than the supermarket giants like Woolworths and Coles. On the other hand, some items will be more expensive, so try finding bargains at discounted grocery stores prior to visiting your usual grocery store. While you may not recognise some of the brands, the quality of the food is roughly 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 an exceptional idea.

If you’re experiencing financial difficulties, always bear in mind that there are easy ways to save a great deal of money on one of your largest expenditures. By making some small changes together with a dash of discipline, you can potentially save thousands of dollars annually 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. Call the professionals at Bankruptcy Port Macquarie on 1300 818 575, or visit our website for more financial advice:

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