The Best Ways To Save Money On Food

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All of us suffer through times in life where money is tight. Luckily for us, there are particular expenses that we can quickly do away with, for example cable television, gym memberships, and eating out at restaurants. On the other hand, there are other costs that we simply can’t avoid. Rent, debt repayments and school tuition are just a number of the necessary 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 lot of money; and that expense is food.

Having performed some research, I’ve found there are a variety of ways in which we can all save on food expenses. Clearly, eating out at restaurants is far 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 basic guidelines, so here are some helpful tips that can save you thousands of dollars each year on your food bills.

Plan your meals and prepare a shopping list
Have you ever had to toss out food simply because it’s past its expiry date? I know I have! By planning every meal of the week, you can ensure that you only spend money on food that is needed. Have a look in your kitchen to see what ingredients you currently have, which ingredients you need to buy, and create a list of all the ingredients you’ll need for the upcoming week.

A lot of us are guilty of impulse buying at the supermarket, so planning your meals and purchasing only the ingredients on your list will dramatically reduce 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 quickly and perhaps eliminate a 2nd trip to the grocery store. And always shop for food on a full stomach!

Don’t bring your kids to the supermarket
At times it can be difficult to organise, but if you go grocery shopping when your children go to school or at night when somebody can keep an eye on them, you’ll save a significant amount of money. Not only can you shop more quickly, but you don’t need to waste your energy by saying ‘NO’ to your kids every aisle. Commonly this can become frustrating, so many people will give up occasionally, and these unneeded items will add up throughout the year much more than you’d envision.

Go shopping at night
Speaking of shopping at night, you’re most likely to uncover the best prices at this time of day. Big grocery stores will often discount products when they’re overstocked, and perishable goods such as bread, fruit and veggies will also likely to be discounted. Even though it may sound a bit 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 purchase too much and waste food, but always remember that you can prepare meals and freeze them for later in the week (or month). Bread, butter, and cheese will last as much as three months in the freezer, and meat will generally last up to six months. Just make sure you have enough room in your freezer first!

Have a go at discounted supermarkets
Discounted supermarkets like Aldi will always have products that are less costly than the supermarket giants like Coles and Woolworths. On the contrary, some goods will be more expensive, so try finding bargains at discounted supermarkets before heading to your normal grocery store. While you may not recognise some of the brands, the quality of the food is almost the same. The structure is also different, so it may take a bit of getting used to, but if you need to save money on food then this is a terrific idea.

If you’re going through financial difficulties, always remember that there are practical ways to save a substantial amount of money on one of your biggest expenditures. By making some small adjustments along with a dash of discipline, you could potentially save thousands of dollars yearly on your grocery bills.

If you discover that your financial position is still worsening, it’s always better to seek financial advice sooner rather than later. Get in contact with the professionals at Bankruptcy Experts Melbourne on 1300 795 575, or visit our website for more financial advice:

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