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March 16, 20180

How You Can Save Money On Food

Posted by:Bankruptcy Specialist onMarch 16, 2018

Most of us suffer through periods in life where money is tight. Luckily for us, there are certain expenses that we can easily eliminate, for instance cable TV, gym memberships, and eating out at restaurants. On the contrary, there are other costs that we simply can’t avoid. Rent, debt repayments and school fees are just a number of the necessary expenses that are set and there’s not much we can do about it. Having said that, there is one necessary expense where we can all save a considerable amount of money; and that expense is food.

Having performed some research, I’ve found there are a variety 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 talking about saving money on your weekly food bills. You’ll be astounded at just how much money you can save by adopting some basic guidelines, so here are some helpful tips that can save you thousands of dollars every year on your grocery bills.

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

Most of us are regretful of impulse buying at the grocery store, so planning your meals and buying only the ingredients on your list will markedly reduce any impulse buying. Remember to always keep stationary in the kitchen, so when you run out of a particular ingredient, you can jot it down immediately and potentially prevent a 2nd trip to the grocery store. And always go grocery shopping on a full stomach!

Don’t bring your kids to the supermarket
In some cases it can be hard to organise, but if you go grocery shopping when your children go to school or in the evening when there’s somebody to babysit them, you’ll save a considerable amount of money. Not only can you shop more quickly, but you don’t have to drain your energy by saying ‘NO’ to your children every aisle. Quite often this can become over-bearing, so many people will give in occasionally, and these unneeded items will build up over the year much more than you’d envision.

Shop at night
Speaking of shopping at night, you’re most likely to stumble on the best prices at this time of day. Large grocery stores will frequently discount products when they’re overstocked, and perishable goods such as bread, fruit and veggies will also likely to be discounted. While it may appear to be a bit harsh 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, particularly on discounted items. Be careful though, you don’t want to purchase excessively and waste food, but always bear in mind that you can prepare meals and freeze them for later in the week (or month). Butter, cheese, and bread will last about three months in the freezer, and meat will normally last up to six months. Just ensure that you have enough room in your freezer first!

Try discounted grocery stores
Discounted grocery stores such as Aldi will always have items that are more affordable than the supermarket giants like Coles and Woolworths. On the contrary, some products will be more expensive, so try finding bargains at discounted supermarkets before heading to your usual grocery store. Although you may not recognise some of the brands, the quality of the food is basically the same. The design is also different, so it may take a bit of getting used to, but if you need to save money on food then this is a fantastic idea.

If you’re going through financial issues, always keep in mind that there are practical ways to save a considerable amount of money on one of your biggest expenses. By making some modest adjustments as well as a dash of discipline, you could potentially save thousands of dollars yearly on your grocery bills.

If you discover that your financial condition is still worsening, it’s always better to seek financial advice sooner rather than later. Speak to the professionals at Bankruptcy Geelong on 1300 818 575, or visit our website for additional financial advice: http://www.bankruptcy-geelong.com.au/

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