Bankruptcy Wyong
March 16, 2018Comments Closed

How To Save Money On Food

Posted by:Bankruptcy Specialist onMarch 16, 2018

We all suffer through phases in life where money is tight. Thankfully for us, there are various expenses that we can simply eliminate, like cable television, gym memberships, and dining out at restaurants. On the contrary, there are other expenditures that we simply can’t avoid. Debt repayments, rent and school fees are just a couple of the necessary expenses that are fixed and there’s very little 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 completed some research, I’ve found there are a range of ways in which we can all save on food expenses. Certainly, eating 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 astounded at just how much money you can save by adopting some basic guidelines, so here are some quick tips that can save you thousands of dollars annually on your food 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 be sure that you only spend money on food that is needed. Take a look in your kitchen to see what ingredients you already 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 grocery store, so planning your meals and buying only the ingredients on your list will markedly minimise any impulse buying. Remember to always keep a pen and paper in the kitchen, so when you run out of a certain ingredient, you can jot it down immediately and possibly eliminate a second trip to the supermarket. And always shop for food on a full stomach!

Don’t bring your kids to the supermarket
Often it can be hard to organise, but if you go grocery shopping when your children are at school or in the evening when there’s somebody to watch them, you’ll save a significant amount of money. Not only can you shop faster, but you don’t need to exhaust your energy by saying ‘NO’ to your children every aisle. Typically this can become overwhelming, so many people will give in here and there, and these unnecessary items will add up over the year a lot more than you’d envision.

Go shopping in the evening
Speaking of shopping at night, you’re more than likely to find the best prices at this time of day. Large grocery stores will commonly discount products when they’re overstocked, and perishable goods such as bread, fruit and veggies 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, particularly on discounted items. Be cautious though, you don’t want to purchase excessively and waste food, but always remember that you can prepare meals and freeze them for later in the week (or month). Bread, cheese, and butter will last around three months in the freezer, and meat will usually last up to six months. Just ensure you have enough room in your freezer first!

Have a go at discounted grocery stores
Discounted grocery stores such as Aldi will always have products that are more affordable than the supermarket giants like Woolworths and Coles. Likewise, some products will be more expensive, so try finding bargains at discounted supermarkets before heading to your normal supermarket. Though you may not recognise some of the brands, the quality of the food is virtually 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 an exceptional idea.

If you’re encountering financial issues, always keep in mind that there are practical ways to save a substantial amount of money on one of your largest expenses. By making some modest changes in conjunction with a dash of self-discipline, you can potentially save thousands of dollars each year on your grocery bills.

If you find that your financial situation is still worsening, it’s always better to seek financial guidance sooner rather than later. Talk to the professionals at Bankruptcy Wyong on 1300 818 575, or visit our website for additional financial advice:

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