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March 16, 2018Comments Closed

How To Save Money On Food

Posted by:Bankruptcy Specialist onMarch 16, 2018

All of us suffer through times in life where money is tight. Luckily for us, there are a few expenses that we can easily eliminate, for instance cable television, 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 some 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 great deal of money; and that expense is food.

Having carried out some research, I’ve discovered there are a variety of ways in which we can all save on food expenses. It goes without saying, 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 delighted at just how much money you can save by sticking to some general guidelines, so here are some quick tips that can save you thousands of dollars annually on your grocery bills.

Plan your meals and create a shopping list
Have you ever needed to throw away 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 really needed. Look in your kitchen to see what ingredients you already have, which ingredients you have to buy, and write a list of all the ingredients you’ll need for the upcoming 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 diminish any impulse buying. Don’t forget to always keep a pen and paper in the kitchen, so when you run out of a specific ingredient, you can write it down instantly and perhaps prevent 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
Occasionally it can be tough to organise, but if you go grocery shopping when your kids are at school or in the evening when someone can keep an eye on them, you’ll save loads of money. Not only can you shop quicker, but you don’t have to drain your energy by saying ‘NO’ to your kids every aisle. Typically this can become over-bearing, so many people will give up here and there, and these unwanted items will accumulate over the year much more than you’d imagine.

Shop at night
Speaking of shopping in the evening, you’re likely to stumble on the best prices at this time of day. Big supermarkets will typically 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 tad cruel 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, particularly 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 later in the week (or month). Cheese, bread, and butter will keep around three months in the freezer, and meat products will generally last up to six months. Just see to it that you have enough room in your freezer first!

Try discounted supermarkets
Discounted grocery stores like Aldi will always have goods that are less costly than the supermarket giants like Woolworths and Coles. However, some goods will be more costly, so try finding bargains at discounted grocery stores before visiting your regular grocery store. Even though you may not recognise some of the brands, the quality of the food is practically the same. The design 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 a fantastic idea.

If you’re encountering financial problems, always remember that there are simple ways to save a lot of money on one of your largest expenditures. By making some minor changes in conjunction with a dash of self-discipline, you can 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. Talk to the specialists at Bankruptcy Gold Coast on 1300 818 575, or visit our website for additional financial advice:

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