How To Save Money On Food

All of us experience periods in life where money is tight. Thankfully for us, there are various expenses that we can easily eliminate, like cable TV, gym memberships, and eating out at restaurants. Despite this, there are other expenditures that we simply can’t avoid. Debt repayments, rent and school tuition are just a few of the mandatory expenses that are set and there’s very little we can do about it. Having said this, there is one mandatory expense where we can all save a great deal of money; and that expense is food.

Having conducted some research, I’ve found there are a number of ways in which we can all save on food expenses. Clearly, dining 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 delighted at just how much money you can save by adopting some general guidelines, so here are some quick tips that can save you thousands of dollars each year on your food bills.

Plan your meals and create a shopping list

Have you ever needed to throw 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 only spend money on food that is really needed. Take a look in your pantry to find what ingredients you presently have, which ingredients you need to buy, and prepare a list of all the ingredients you’ll need for the next week.

The majority of us are regretful of impulse buying at the supermarket, so planning your meals and purchasing only the ingredients on your list will drastically diminish any impulse buying. Don’t forget to always keep stationary in the kitchen, so when you run out of a particular ingredient, you can jot it down immediately and perhaps prevent a 2nd trip to the supermarket. And always shop for groceries on a full stomach!

Don’t bring your kids to the grocery store

Often times 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 keep an eye on them, you’ll save a considerable amount 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. Commonly this can become overpowering, so lots of people will give in here and there, and these unnecessary items will add up throughout the year a lot more than you’d imagine.

Go shopping at night

Speaking of shopping in the evening, you’re likely to stumble on the best prices at this time of day. Large grocery stores will normally discount goods when they’re overstocked, and perishable goods like bread, fruit and veggies will also likely to be discounted. Even though it may appear to be 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, especially on discounted items. Be cautious though, you don’t want to buy excessively and throw away food, but always keep in mind that you can cook meals and freeze them for a later time. Cheese, butter, and bread will last up to three months in the freezer, and meat will normally last up to six months. Just ensure you have enough room in your freezer first!

Try discounted grocery stores

Discounted grocery stores such as Aldi will always have items that are less costly than the supermarket giants like Coles and Woolworths. Likewise, some products will be more costly, so try finding bargains at discounted supermarkets prior to visiting your usual grocery store. Even though 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 suffering from financial troubles, always bear in mind that there are straightforward ways to save a great deal of money on one of your biggest expenditures. By making some modest changes together with a dash of self-discipline, you could potentially save thousands of dollars annually 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. Speak with the professionals at Bankruptcy Experts Australia on 1300 795 575, or visit our website for more financial advice: Bankrupt Australia

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