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March 16, 2018Comments Closed

The Best Ways To Save Money On Food

Posted by:Bankruptcy Specialist onMarch 16, 2018

All of us endure phases in life where money is tight. Thankfully for us, there are various expenses that we can quickly do away with, for example cable television, gym memberships, and eating out at restaurants. Despite this, there are other costs that we simply can’t avoid. Debt repayments, rent and school tuition are just a couple of the mandatory expenses that are set and there’s very little we can do about it. Having said that, there is one mandatory expense where we can all save a great deal of money; and that expense is food.

Having undertaken some research, I’ve discovered there are a variety of ways in which we can all save on food expenses. Needlessly to say, dining out at restaurants is far more expensive than eating at home, but I’m talking about saving money on your weekly grocery bills. You’ll be surprised at just how much money you can save by following some practical guidelines, so here are some quick tips that can save you thousands of dollars every year on your food bills.

Plan your meals and create a shopping list
Have you ever had to toss out food simply because it’s past its expiration 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 pantry to see 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.

Most of us are regretful of impulse buying at the supermarket, so planning your meals and purchasing only the ingredients on your list will substantially decrease 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 straight away and possibly eliminate a 2nd trip to the grocery store. And always go grocery shopping on a full stomach!

Don’t bring your children to the supermarket
Often times it can be tough to organise, but if you go grocery shopping when your kids 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 quicker, but you don’t have to waste your energy by saying ‘NO’ to your children every aisle. Quite often this can be frustrating, so a lot of people will give in occasionally, and these unnecessary products will build up throughout the year much more than you’d envision.

Shop at night
Speaking of shopping at night, you’re most likely to spot the best prices at this time of day. Big supermarkets will frequently discount products when they’re overstocked, and perishable goods like bread, fruit and vegetables will also likely to be discounted. Though it may sound 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, especially on discounted items. Be careful though, you don’t want to buy excessively and waste food, but always remember that you can cook meals and freeze them for a later time. Bread, butter, and cheese will last around three months in the freezer, and meat products will typically last up to six months. Just be sure you have enough room in your freezer first!

Have a go at discounted grocery stores
Discounted grocery stores like Aldi will always have goods that are less costly than the supermarket giants like Woolworths and Coles. Likewise, some goods will be more costly, so try finding bargains at discounted supermarkets before visiting your usual grocery store. Although you may not recognise some of the brands, the quality of the food is essentially 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 a terrific idea.

If you’re suffering from financial troubles, always remember that there are practical ways to save a great deal of money on one of your biggest expenses. By making some minor adjustments coupled with a dash of 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. Call the specialists at Bankruptcy Mount Isa on 1300 818 575, or visit our website for more financial advice: https://www.bankruptcy-mountisa.com.au/

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