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March 16, 2018Comments Closed

How To Save Money On Food

Posted by:Bankruptcy Specialist onMarch 16, 2018

All of us go through stages in life where money is tight. Fortunately for us, there are a few expenses that we can readily do away with, like cable TV, 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 some of the mandatory expenses that are set and there’s not much 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 conducted some research, I’ve found there are a multitude of ways in which we can all save on food expenses. It goes without saying, dining out at restaurants is far more expensive than eating at home, but I’m talking about saving money on your weekly food bills. You’ll be amazed at just how much money you can save by sticking to some practical guidelines, so here are some quick tips that can save you thousands of dollars each year on your food bills.

Plan your meals and write a shopping list
Have you ever needed to throw out food because it’s past its expiration date? I know I have! By planning every meal of the week, you can make sure that you just 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 write a list of all the ingredients you’ll need for the next week.

Most of us are regretful of impulse buying at the supermarket, so planning your meals and sticking to the ingredients on your list will drastically lessen any impulse buying. Don’t forget to always keep a pen and paper in the kitchen, so when you run out of a certain ingredient, you can jot it down immediately and perhaps eliminate a second trip to the supermarket. And always shop for groceries on a full stomach!

Don’t bring your kids to the supermarket
Often 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 babysit them, you’ll save a great deal of money. Not only can you shop faster, but you don’t have to drain your energy by saying ‘NO’ to your kids every aisle. Usually this can become overwhelming, so lots of people will give up occasionally, and these unwanted items will add up over the year a lot more than you’d imagine.

Go shopping at night
Speaking of shopping at night, you’re more than likely to uncover the best prices at this time of day. Big grocery stores will regularly discount goods when they’re overstocked, and perishable goods like bread, fruit and vegetables will also likely to be discounted. While it may seem 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, particularly on discounted items. Be careful 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 later in the week (or month). Cheese, butter, and bread will last approximately three months in the freezer, and meat products will usually last up to six months. Just see to it that 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 more affordable than the supermarket giants like Coles and Woolworths. Likewise, some items will be more costly, so try finding bargains at discounted supermarkets before visiting your regular grocery store. Although 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 fantastic idea.

If you’re experiencing financial troubles, always keep in mind that there are basic ways to save a lot of money on one of your biggest costs. By making some modest changes coupled with a dash of self-discipline, you could potentially save thousands of dollars yearly on your grocery bills.

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

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