All of us experience phases in life where money is tight. Luckily for us, there are several expenses that we can simply eliminate, like 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 tuition are just a couple of the mandatory expenses that are fixed and there’s not much 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 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 talking about saving money on your weekly food bills. You’ll be surprised at just how much money you can save by following some basic guidelines, so here are some quick 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 throw out food simply because it’s past its expiration date? I know I have! By planning each meal of the week, you can be sure that you only spend money on food that is really needed. Look in your kitchen to find what ingredients you presently have, which ingredients you need to buy, and prepare a list of all the ingredients you’ll need for the following 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 drastically lessen any impulse buying. Don’t forget to always keep a pen and paper in the kitchen, so when you run out of a certain ingredient, you can write it down quickly and potentially eliminate a 2nd trip to the grocery store. And always shop for groceries on a full stomach!
Don’t bring your kids to the grocery store
Occasionally it can be tricky to organise, but if you go grocery shopping when your children are at school or in the evening when somebody can keep an eye on them, you’ll save a great deal 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. Usually this can be frustrating, so lots of people will give in here and there, and these unnecessary products will accumulate over the year far more than you’d imagine.
Shop at night
Speaking of shopping at night, you’re more than likely to uncover the best prices at this time of day. Big grocery stores will often discount items when they’re overstocked, and perishable goods like bread, fruit and vegetables will also likely to be marked down. While it may seem 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, particularly 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. Butter, bread, and cheese will last up to three months in the freezer, and meat products will typically last up to six months. Just make sure you have enough room in your freezer first!
Try discounted grocery stores
Discounted supermarkets like Aldi will always have goods that are more affordable than the supermarket giants like Woolworths and Coles. Nevertheless, some goods will be more costly, so try finding bargains at discounted supermarkets before heading to your normal supermarket. While you may not recognise some of the brands, the quality of the food is practically the same. The design 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 going through financial challenges, always bear in mind that there are basic ways to save a great deal of money on one of your largest expenditures. By making some modest adjustments together with a dash of self-discipline, you can potentially save thousands of dollars every year 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. Speak with the professionals at Bankruptcy Experts Tamworth on 1300 795 575, or visit our website for more financial advice: www.bankruptcyexpertsgeraldton.com.au