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March 16, 20180

How You Can Save Money On Food

Posted by:Bankruptcy Specialist onMarch 16, 2018

Most of us go through stages in life where money is tight. Luckily for us, there are particular expenses that we can easily do away with, such as cable TV, gym memberships, and dining out at restaurants. Despite this, there are other costs that we simply can’t avoid. Rent, debt repayments and school fees are just a number of the necessary expenses that are set and there’s very little we can do about it. Having said this, there is one mandatory expense where we can all save a considerable amount of money; and that expense is food.

Having carried out some research, I’ve discovered there are a multitude of ways in which we can all save on food expenses. It goes without saying, dining 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 surprised at just how much money you can save by sticking to some general guidelines, so here are some simple 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 had to throw away food 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 needed. Take a look in your pantry to find 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.

Many of us are regretful of impulse buying at the supermarket, so planning your meals and purchasing only the ingredients on your list will substantially lessen any impulse buying. Don’t forget to always keep a pen and paper in the kitchen, so when you run out of a particular ingredient, you can write it down straight away and possibly prevent a 2nd trip to the grocery store. And always shop for food on a full stomach!

Don’t bring your children to the grocery store
Sometimes it can be difficult to organise, but if you go grocery shopping when your children go to school or in the evening when there’s somebody to watch them, you’ll save loads of money. Not only can you shop a lot quicker, but you don’t have to drain your energy by saying ‘NO’ to your kids every aisle. Typically this can become overpowering, so a lot of people will give up occasionally, and these unnecessary products will add up over the year much more than you’d imagine.

Shop at night
Speaking of shopping at night, you’re more than likely to spot the best prices at this time of day. Large supermarkets will typically discount goods when they’re overstocked, and perishable goods such as bread, fruit and vegetables will also likely to be discounted. While it may seem a little bit 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 cautious though, you don’t want to buy too much and throw away food, but always bear in mind that you can cook meals and freeze them for a later time. Bread, cheese, and butter will keep around three months in the freezer, and meat will normally last up to six months. Just ensure that you have enough room in your freezer first!

Try discounted grocery stores
Discounted grocery stores like Aldi will always have products that are much cheaper than the supermarket giants like Woolworths and Coles. Nevertheless, some products will be more costly, so try finding bargains at discounted grocery stores prior to visiting your normal supermarket. While you may not recognise some of the brands, the quality of the food is pretty much 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 difficulties, always keep in mind that there are simple ways to save a great deal of money on one of your largest expenditures. By making some minor changes together with a dash of self-discipline, you could potentially save thousands of dollars annually on your grocery bills.

If you find that your financial position is still worsening, it’s always better to seek financial guidance sooner rather than later. Speak to the specialists at Bankruptcy Fremantle on 1300 818 575, or visit our website for more financial advice:

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