Tips On How To Save Money On Food

All of us go through times in life where money is tight. Thankfully for us, there are certain expenses that we can quite easily do away with, for example cable television, gym memberships, and eating out at restaurants. On the contrary, there are other expenses that we simply can’t avoid. Debt repayments, rent and school tuition are just some of the mandatory expenses that are fixed and there’s 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 carried out some research, I’ve found there are a range of ways in which we can all save on food expenses. Clearly, dining out at restaurants is far more expensive than eating at home, but I’m referring to saving money on your weekly grocery bills. You’ll be amazed at just how much money you can save by sticking to some basic guidelines, so here are some quick tips that can save you thousands of dollars each year on your grocery bills.

Plan your meals and write a shopping list
Have you ever had to throw away food because it’s past its expiration date? I know I have! By planning each meal of the week, you can make sure that you just spend money on food that is needed. Take a look in your pantry to find what ingredients you already have, which ingredients you need to buy, and prepare a list of all the ingredients you’ll need for the coming week.

Many of us are guilty of impulse buying at the grocery store, so planning your meals and sticking to the ingredients on your list will substantially reduce any impulse buying. Remember to always keep a paper and pen in the kitchen, so when you run out of a certain ingredient, you can jot it down immediately and potentially avoid a 2nd trip to the grocery store. And always go grocery shopping on a full stomach!

Don’t bring your children to the grocery store
At times it can be difficult to organise, but if you go grocery shopping when your kids go to school or at night when there’s somebody to watch them, you’ll save a considerable amount of money. Not only can you shop quicker, but you don’t need to waste your energy by saying ‘NO’ to your kids every aisle. Usually this can become overpowering, so lots of people will give up occasionally, and these excessive items will build up throughout the year much more than you’d envision.

Go shopping in the evening
Speaking of shopping in the evening, you’re most likely to stumble on the best prices at this time of day. Large grocery stores will commonly discount items when they’re overstocked, and perishable goods such as bread, fruit and vegetables will also likely to be marked down. Although it may appear to be a bit harsh 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, especially on discounted items. Be careful though, you don’t want to purchase excessively and throw away food, but always keep in mind that you can cook meals and freeze them for a later time. Butter, cheese, and bread will last up to three months in the freezer, and meat products will typically last up to six months. Just see to it that you have enough room in your freezer first!

Try discounted supermarkets
Discounted grocery stores such as Aldi will always have products that are more affordable than the supermarket giants like Woolworths and Coles. Likewise, some items will be more expensive, so try finding bargains at discounted supermarkets prior to visiting your usual supermarket. While you may not recognise some of the brands, the quality of the food is pretty much the same. The design 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 a superb idea.

If you’re suffering from financial challenges, always bear in mind that there are practical ways to save a great deal of money on one of your largest expenditures. By making some modest adjustments together with a dash of 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 guidance sooner rather than later. Get in touch with the specialists at Bankruptcy Experts Geelong on 1300 795 575, or visit our website for additional financial advice:

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