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March 16, 2018Comments Closed

Tips On How To Save Money On Food

Posted by:Bankruptcy Specialist onMarch 16, 2018

Most of us endure times in life where money is tight. Fortunately for us, there are particular expenses that we can quickly eliminate, 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 necessary expense where we can all save a lot of money; and that expense is food.

Having performed some research, I’ve found there are a multitude of ways in which we can all save on food expenses. Certainly, dining out at restaurants is much 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 adopting some general guidelines, so here are some simple tips that can save you thousands of dollars every year on your food bills.

Plan your meals and create a shopping list
Have you ever needed to throw away food 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. Have a look in your pantry to find what ingredients you currently have, which ingredients you have to buy, and create a list of all the ingredients you’ll need for the upcoming week.

Most of us are guilty of impulse buying at the grocery store, so planning your meals and sticking to the ingredients on your list will considerably reduce any impulse buying. Remember to always keep stationary in the kitchen, so when you run out of a particular ingredient, you can write it down straight away and potentially avoid a 2nd trip to the grocery store. And always shop for groceries on a full stomach!

Don’t bring your kids to the grocery store
In some cases it can be tough to organise, but if you go grocery shopping when your children are at school or in the evening when there’s somebody to watch them, you’ll save a considerable amount of money. Not only can you shop more quickly, but you don’t need to exhaust your energy by saying ‘NO’ to your kids every aisle. Commonly this can become frustrating, so a lot of people will give up occasionally, and these nonessential products will accumulate throughout the year a lot more than you’d imagine.

Go shopping at night
Speaking of shopping in the evening, you’re likely to come across the best prices at this time of day. Big supermarkets will normally discount products when they’re overstocked, and perishable goods like bread, fruit and vegetables will also likely to be discounted. Even though it may seem a bit 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 cautious though, you don’t want to purchase excessively 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, bread, and butter will last as much as three months in the freezer, and meat products will usually last up to six months. Just ensure that you have enough room in your freezer first!

Have a go at discounted supermarkets
Discounted supermarkets like Aldi will always have products that are more affordable than the supermarket giants like Coles and Woolworths. However, some goods will be more expensive, so try finding bargains at discounted supermarkets before heading to your regular grocery store. 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 want to save money on food then this is an excellent idea.

If you’re going through financial troubles, always keep in mind that there are easy ways to save a significant amount of money on one of your biggest costs. By making some small changes along with a dash of self-discipline, you can potentially save thousands of dollars yearly on your grocery bills.

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

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