How You Can Save Money On Food

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

Having performed some research, I’ve found there are a number of ways in which we can all save on food expenses. Needlessly to say, eating out at restaurants is far more expensive than eating at home, but I’m referring to saving money on your weekly food bills. You’ll be surprised at just how much money you can save by adopting some practical guidelines, so here are some useful 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 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 have to buy, and prepare a list of all the ingredients you’ll need for the coming week.

Most of us are guilty of impulse buying at the supermarket, so planning your meals and purchasing only the ingredients on your list will greatly 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 most likely avoid a 2nd trip to the supermarket. And always shop for groceries on a full stomach!

Don’t bring your children to the grocery store
In some cases it can be difficult to organise, but if you go grocery shopping when your children go to school or at night when there’s somebody to babysit them, you’ll save a significant amount of money. Not only can you shop faster, but you don’t have to drain your energy by saying ‘NO’ to your children every aisle. Typically this can become frustrating, so a lot of people will give up here and there, and these unnecessary products will accumulate throughout the year much more than you’d imagine.

Go shopping in the evening
Speaking of shopping at night, you’re most likely to uncover the best prices at this time of day. Big grocery stores will usually discount products when they’re overstocked, and perishable goods like bread, fruit and vegetables will also likely to be marked down. Though 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, particularly on discounted items. Be cautious though, you don’t want to purchase excessively and waste food, but always bear in mind that you can prepare meals and freeze them for later in the week (or month). Butter, bread, and cheese will last about 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 supermarkets such as Aldi will always have products that are less costly than the supermarket giants like Woolworths and Coles. However, some goods will be more costly, 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 pretty much 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 an exceptional idea.

If you’re suffering from financial issues, always remember that there are easy ways to save a substantial amount of money on one of your largest costs. By making some minor adjustments in conjunction with a dash of self-discipline, you can potentially save thousands of dollars yearly on your grocery bills.

If you find that your financial circumstance is still worsening, it’s always better to seek financial advice sooner rather than later. Speak to the specialists at Bankruptcy Experts Sydney on 1300 795 575, or visit our website for more financial advice: www.bankruptcyexpertssydney.com.au