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March 16, 2018Comments Closed

The Best Ways To Save Money On Food

Posted by:Bankruptcy Specialist onMarch 16, 2018

Most of us suffer through periods in life where money is tight. Luckily for us, there are several expenses that we can easily do away with, 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 tuition are just a few of the necessary expenses that are fixed and there’s little we can do about it. Having said this, there is one mandatory expense where we can all save a good deal of money; and that expense is food.

Having done some research, I’ve discovered there are a variety 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 grocery bills. You’ll be astounded at just how much money you can save by sticking to some helpful guidelines, so here are some helpful tips that can save you thousands of dollars annually on your food bills.

Plan your meals and create a shopping list
Have you ever needed to throw out food because it’s past its expiry date? I know I have! By planning each meal of the week, you can be sure that you just spend money on food that is really needed. Have a look in your kitchen to see what ingredients you already have, which ingredients you need to buy, and write a list of all the ingredients you’ll need for the coming week.

The majority of us are regretful of impulse buying at the grocery store, so planning your meals and purchasing only the ingredients on your list will considerably reduce any impulse buying. Don’t forget to always keep a pen and paper in the kitchen, so when you run out of a certain ingredient, you can write it down straight away and perhaps eliminate a 2nd trip to the grocery store. And always go grocery shopping on a full stomach!

Don’t bring your children to the grocery store
Often it can be tough 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 waste your energy by saying ‘NO’ to your kids every aisle. Normally this can become overwhelming, so a lot of people will give in here and there, and these nonessential products will accumulate throughout the year far more than you’d envision.

Go shopping in the evening
Speaking of shopping in the evening, you’re most likely to come across the best prices at this time of day. Big supermarkets will often discount items when they’re overstocked, and perishable goods such as bread, fruit and vegetables will also likely to be marked down. While it may appear to be a tad 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, especially on discounted items. Be careful though, you don’t want to buy excessively and throw away food, but always bear in mind that you can prepare meals and freeze them for a later time. Butter, bread, and cheese will keep approximately three months in the freezer, and meat products will typically last up to six months. Just see to it that you have enough room in your freezer first!

Try discounted supermarkets
Discounted grocery stores such as Aldi will always have products that are less expensive than the supermarket giants like Coles and Woolworths. Conversely, some goods will be more expensive, so try finding bargains at discounted grocery stores prior to heading to your regular 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 intend to save money on food then this is a superb idea.

If you’re dealing with financial issues, always keep in mind that there are basic ways to save a great deal of money on one of your biggest expenses. By making some minor changes coupled with a dash of self-discipline, you could potentially save thousands of dollars each year on your grocery bills.

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

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