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March 16, 2018Comments Closed

The Best Ways To Save Money On Food

Posted by:Bankruptcy Specialist onMarch 16, 2018

We all go through stages in life where money is tight. Luckily for us, there are a number of expenses that we can quite easily eliminate, for instance cable television, gym memberships, and eating out at restaurants. On the other hand, there are other expenses that we simply can’t avoid. Rent, debt repayments and school fees are just some of the mandatory expenses that are set and there’s little we can do about it. Having said that, there is one mandatory expense where we can all save a lot of money; and that expense is food.

Having carried out some research, I’ve discovered there are a range of ways in which we can all save on food expenses. Clearly, eating 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 shocked at just how much money you can save by sticking to some helpful guidelines, so here are some useful tips that can save you thousands of dollars annually on your grocery bills.

Plan your meals and prepare a shopping list
Have you ever needed to throw away food because it’s past its expiry date? I know I have! By planning each meal of the week, you can ensure that you only spend money on food that is really needed. Look in your kitchen 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.

The majority of us are guilty of impulse buying at the supermarket, so planning your meals and buying only the ingredients on your list will dramatically diminish any impulse buying. Remember to always keep a paper and pen in the kitchen, so when you run out of a specific 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 children to the grocery store
In some cases it can be tricky to organise, but if you go grocery shopping when your kids go to school or in the evening when somebody can watch them, you’ll save a considerable amount of money. Not only can you shop a lot quicker, but you don’t need to exhaust your energy by saying ‘NO’ to your kids every aisle. Normally this can become frustrating, so lots of people will give in occasionally, and these unneeded items will accumulate throughout the year a lot more than you’d envision.

Go shopping at night
Speaking of shopping in the evening, you’re most likely to spot the best prices at this time of day. Large grocery stores will commonly discount products when they’re overstocked, and perishable goods like bread, fruit and vegetables will also likely to be discounted. Though it may appear to be a tad 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, especially on discounted items. Be cautious though, you don’t want to buy too much and throw away food, but always bear in mind that you can prepare meals and freeze them for a later time. Bread, cheese, and butter will last about three months in the freezer, and meat products will usually 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 cheaper than the supermarket giants like Coles and Woolworths. On the contrary, some items will be more costly, so try finding bargains at discounted grocery stores prior to heading to your usual grocery store. Although you may not recognise some of the brands, the quality of the food is almost the same. The design 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 going through financial problems, always remember that there are simple ways to save a significant amount of money on one of your biggest costs. By making some modest changes coupled with a dash of discipline, you could potentially save thousands of dollars yearly on your grocery bills.

If you discover that your financial circumstance is still worsening, it’s always better to seek financial guidance sooner rather than later. Get in touch with the specialists at Bankruptcy Melbourne on 1300 818 575, or visit our website for additional financial advice: http://www.bankruptcy-melbourne.com.au/

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