March 16, 2018Comments Closed

Ways To Save Money On Food

Posted by:Bankruptcy Specialist onMarch 16, 2018

Most of us experience times in life where money is tight. Luckily for us, there are particular expenses that we can easily eliminate, like cable TV, gym memberships, and dining out at restaurants. On the other hand, there are other costs that we simply can’t avoid. Debt repayments, rent and school tuition are just a number of the necessary expenses that are fixed and there’s very little we can do about it. Having said this, there is one mandatory expense where we can all save a good deal of money; and that expense is food.

Having carried out some research, I’ve found there are a range of ways in which we can all save on food expenses. Naturally, eating out at restaurants is much more costly than eating at home, but I’m talking about 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 every year on your grocery bills.

Plan your meals and write 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 every meal of the week, you can make sure that you just spend money on food that is needed. Look in your kitchen to see 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.

Many of us are guilty of impulse buying at the supermarket, so planning your meals and sticking to the ingredients on your list will substantially lessen any impulse buying. Don’t forget to always keep a pen and paper in the kitchen, so when you run out of a particular ingredient, you can write it down quickly and most likely prevent a second trip to the supermarket. And always shop for food on a full stomach!

Don’t bring your kids to the grocery store
Often it can be tough to organise, but if you go grocery shopping when your children go to school or in the evening when someone can watch them, you’ll save a great deal of money. Not only can you shop more quickly, but you don’t have to waste your energy by saying ‘NO’ to your children every aisle. Normally this can become over-bearing, so lots of people will give in here and there, and these unwanted items will build up throughout the year a lot more than you’d imagine.

Go shopping at night
Speaking of shopping in the evening, you’re most likely to come across the best prices at this time of day. Big grocery stores will often discount items when they’re overstocked, and perishable goods such as bread, fruit and veggies will also likely to be discounted. Although it may seem a bit 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 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). Cheese, butter, and bread will keep about three months in the freezer, and meat products will generally last up to six months. Just make sure you have enough room in your freezer first!

Try discounted grocery stores
Discounted supermarkets such as Aldi will always have goods that are more affordable than the supermarket giants like Woolworths and Coles. Likewise, some goods will be more costly, so try finding bargains at discounted grocery stores before visiting your usual grocery store. Although 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 wish to save money on food then this is a terrific idea.

If you’re encountering financial issues, always keep in mind that there are practical ways to save a significant amount of money on one of your biggest costs. By making some modest changes as well as a dash of self-discipline, you can potentially save thousands of dollars yearly on your grocery bills.

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

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