All of us endure times in life where money is tight. Fortunately for us, there are particular expenses that we can quickly eliminate, for instance cable TV, gym memberships, and dining out at restaurants. On the contrary, there are other expenditures that we simply can’t avoid. Rent, debt repayments and school fees are just a few of the mandatory expenses that are fixed and there’s not much we can do about it. Having said this, there is one necessary expense where we can all save a lot of money; and that expense is food.
Having completed some research, I’ve found there are a multitude of ways in which we can all save on food expenses. Of course, 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 delighted at just how much money you can save by adopting some helpful guidelines, so here are some helpful tips that can save you thousands of dollars every year on your food bills.
Plan your meals and write a shopping list
Have you ever needed to toss out food because it’s past its expiry date? I know I have! By planning every meal of the week, you can ensure that you just spend money on food that is needed. Look in your pantry to find what ingredients you already have, which ingredients you have to buy, and create a list of all the ingredients you’ll need for the next week.
A lot of us are guilty of impulse buying at the grocery store, so planning your meals and sticking to the ingredients on your list will substantially 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 quickly and potentially eliminate a second trip to the grocery store. And always shop for food on a full stomach!
Don’t bring your kids to the supermarket
In some cases 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 watch them, you’ll save heaps of money. Not only can you shop more quickly, but you don’t have to drain your energy by saying ‘NO’ to your kids every aisle. Normally this can become frustrating, so lots of people will give up occasionally, and these needless items will aggregate throughout the year much more than you’d envision.
Shop at night
Speaking of shopping at night, you’re most likely to come across the best prices at this time of day. Large supermarkets will regularly discount goods when they’re overstocked, and perishable goods such as bread, fruit and vegetables will also likely to be marked down. Although it may appear to be a tad harsh 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 cautious though, you don’t want to purchase too much and throw away food, but always keep in mind that you can prepare meals and freeze them for later in the week (or month). Bread, cheese, and butter will last as much as three months in the freezer, and meat products will normally last up to six months. Just see to it that you have enough room in your freezer first!
Try discounted supermarkets
Discounted supermarkets such as Aldi will always have items that are much cheaper than the supermarket giants like Coles and Woolworths. However, some products will be more costly, so try finding bargains at discounted grocery stores before visiting your normal grocery store. While you may not recognise some of the brands, the quality of the food is basically the same. The structure 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 a fantastic idea.
If you’re dealing with financial challenges, always keep in mind that there are straightforward ways to save a lot of money on one of your biggest expenditures. By making some small adjustments coupled with a dash of discipline, you could potentially save thousands of dollars each year on your grocery bills.
If you discover that your financial circumstance is still worsening, it’s always better to seek financial advice sooner rather than later. Speak with the professionals at Bankruptcy Experts Mildura on 1300 795 575, or visit our website for more financial advice: www.bankruptcyexpertsmildura.com.au