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March 16, 20180

Tips On How To Save Money On Food

Posted by:Bankruptcy Specialist onMarch 16, 2018

Most of us pass through stages in life where money is tight. Luckily for us, there are various expenses that we can simply do away with, for instance cable television, gym memberships, and eating out at restaurants. Despite this, there are other expenses that we simply can’t avoid. Rent, debt repayments and school fees are just a number of the mandatory 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 great deal of money; and that expense is food.

Having performed some research, I’ve found there are a range of ways in which we can all save on food expenses. It goes without saying, eating out at restaurants is far more expensive than eating at home, but I’m referring to saving money on your weekly grocery bills. You’ll be amazed at just how much money you can save by sticking to some general guidelines, so here are some quick tips that can save you thousands of dollars annually on your food bills.

Plan your meals and prepare a shopping list
Have you ever needed to throw away food simply because it’s past its expiration date? I know I have! By planning every meal of the week, you can make sure that you only spend money on food that is needed. Have a look in your kitchen to see what ingredients you presently have, which ingredients you need to buy, and create 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 sticking to the ingredients on your list will greatly lessen any impulse buying. Remember to always keep stationary in the kitchen, so when you run out of a particular ingredient, you can jot it down instantly and potentially avoid a 2nd trip to the grocery store. And always shop for groceries on a full stomach!

Don’t bring your kids to the supermarket
In some cases it can be tricky to organise, but if you go grocery shopping when your kids go to school or in the evening when somebody can watch them, you’ll save loads of money. Not only can you shop a lot quicker, but you don’t have to exhaust your energy by saying ‘NO’ to your children every aisle. Typically this can become overwhelming, so lots of people will give in occasionally, and these unnecessary products will build up throughout the year a lot more than you’d envision.

Go shopping at night
Speaking of shopping in the evening, you’re likely to stumble on the best prices at this time of day. Large supermarkets will frequently discount goods when they’re overstocked, and perishable goods like bread, fruit and veggies will also likely to be marked down. Although it may sound 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, particularly on discounted items. Be careful though, you don’t want to purchase 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 normally last up to six months. Just make sure you have enough room in your freezer first!

Have a go at discounted grocery stores
Discounted grocery stores like Aldi will always have items that are less expensive than the supermarket giants like Coles and Woolworths. On the contrary, some items will be more expensive, so try finding bargains at discounted supermarkets before heading to your usual supermarket. While 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 want to save money on food then this is an exceptional idea.

If you’re experiencing financial problems, always keep in mind that there are straightforward ways to save a lot of money on one of your largest expenditures. By making some minor changes coupled with a dash of self-discipline, you can potentially save thousands of dollars yearly on your grocery bills.

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

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