March 16, 2018 0

How To Save Money On Food

Posted by:Charles Bosse onMarch 16, 2018

All of us go through phases in life where money is tight. Luckily for us, there are particular expenses that we can readily do away with, for example cable TV, gym memberships, and eating out at restaurants. Despite this, there are other costs that we simply can’t avoid. Debt repayments, rent and school fees are just a number of the mandatory expenses that are set and there’s not much we can do about it. Having said this, there is one mandatory expense where we can all save a considerable amount of money; and that expense is food.

Having undertaken some research, I’ve found there are a number of ways in which we can all save on food expenses. Of course, eating out at restaurants is much more expensive than eating at home, but I’m referring to saving money on your weekly food bills. You’ll be surprised at just how much money you can save by adopting some practical guidelines, so here are some quick 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 because it’s past its expiry date? I know I have! By planning every meal of the week, you can be sure that you only spend money on food that is needed. Take a look in your pantry to see what ingredients you presently have, which ingredients you have to buy, and create a list of all the ingredients you’ll need for the following week.

Most of us are guilty of impulse buying at the supermarket, so planning your meals and purchasing only the ingredients on your list will drastically minimise any impulse buying. Remember to always keep stationary in the kitchen, so when you run out of a specific ingredient, you can jot it down quickly and possibly prevent a 2nd trip to the supermarket. And always go grocery shopping on a full stomach!

Don’t bring your kids to the supermarket

At times it can be tough to organise, but if you go grocery shopping when your kids are at school or at night when there’s somebody to babysit them, you’ll save a great deal of money. Not only can you shop faster, but you don’t need to waste your energy by saying ‘NO’ to your children every aisle. Quite often this can be over-bearing, so a lot of people will give up occasionally, and these nonessential products will build up over the year far more than you’d imagine.

Go shopping in the evening

Speaking of shopping in the evening, you’re most likely to uncover the best prices at this time of day. Large supermarkets will often discount products when they’re overstocked, and perishable goods such as bread, fruit and vegetables will also likely to be marked down. Although it may sound a little 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 purchase excessively and throw away food, but always keep in mind that you can cook meals and freeze them for a later time. Bread, butter, and cheese will last up to three months in the freezer, and meat products will generally last up to six months. Just ensure you have enough room in your freezer first!

Try discounted grocery stores

Discounted supermarkets like Aldi will always have goods that are much cheaper than the supermarket giants like Woolworths and Coles. Likewise, some items will be more costly, so try finding bargains at discounted supermarkets before visiting your normal supermarket. Even though you may not recognise some of the brands, the quality of the food is just about 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 an excellent idea.

If you’re going through financial issues, always bear in mind that there are basic ways to save a significant amount of money on one of your largest expenditures. By making some minor adjustments in conjunction with a dash of discipline, you can potentially save thousands of dollars each year on your grocery bills.

If you discover that your financial situation is still worsening, it’s always better to seek financial guidance sooner rather than later. Speak to the specialists at Fresh Start Solutions Sydney on 1300 818 575, or visit our website for more financial advice: Bankruptcy Sydney

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