We all pass through stages in life where money is tight. Fortunately for us, there are a number of expenses that we can easily eliminate, like cable television, gym memberships, and eating out at restaurants. On the contrary, there are other costs that we simply can’t avoid. Rent, debt repayments and school fees are just a few of the necessary 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 conducted some research, I’ve found there are a range of ways in which we can all save on food expenses. Certainly, eating out at restaurants is much more costly than eating at home, but I’m talking about saving money on your weekly food bills. You’ll be shocked at just how much money you can save by following some helpful guidelines, so here are some helpful tips that can save you thousands of dollars each year on your grocery bills.
Plan your meals and create 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 make sure that you just spend money on food that is needed. Take a look in your pantry to see what ingredients you presently have, which ingredients you have to buy, and prepare a list of all the ingredients you’ll need for the coming week.
A lot of us are regretful of impulse buying at the grocery store, so planning your meals and purchasing only the ingredients on your list will significantly minimise any impulse buying. Remember to always keep stationary in the kitchen, so when you run out of a particular ingredient, you can write it down instantly and possibly prevent a second trip to the supermarket. And always shop for groceries on a full stomach!
Don’t bring your kids to the grocery store
In certain cases it can be tough to organise, but if you go grocery shopping when your children go to school or in the evening when there’s someone to keep an eye on them, you’ll save a significant amount of money. Not only can you shop faster, but you don’t need to exhaust your energy by saying ‘NO’ to your kids every aisle. Generally this can become over-bearing, so many people will give up occasionally, and these unnecessary items will aggregate throughout the year a lot more than you’d envision.
Shop at night
Speaking of shopping at night, you’re likely to find the best prices at this time of day. Large supermarkets will regularly discount items when they’re overstocked, and perishable goods like bread, fruit and veggies will also likely to be marked down. Although it may sound 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 cautious though, you don’t want to purchase too much and waste food, but always bear in mind that you can cook meals and freeze them for later in the week (or month). Butter, cheese, and bread will last about three months in the freezer, and meat products will typically 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 more affordable than the supermarket giants like Woolworths and Coles. Conversely, some items will be more expensive, so try finding bargains at discounted supermarkets prior to heading to your normal supermarket. While 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 an excellent idea.
If you’re suffering from financial challenges, always bear in mind that there are practical ways to save a significant amount of money on one of your largest expenditures. By making some modest changes together with a dash of discipline, you can potentially save thousands of dollars annually on your grocery bills.
If you discover that your financial condition is still worsening, it’s always better to seek financial advice sooner rather than later. Get in touch with the specialists at Bankruptcy Experts Frankston on 1300 795 575, or visit our website for more financial advice: www.bankruptcyexpertsfrankston.com.au