We all endure periods in life where money is tight. Thankfully for us, there are various expenses that we can easily do away with, like cable TV, gym memberships, and dining out at restaurants. On the other hand, there are other expenditures that we simply can’t avoid. Rent, debt repayments and school tuition are just a couple of the mandatory expenses that are set and there’s not much we can do about it. Having said that, there is one necessary expense where we can all save a lot of money; and that expense is food.
Having carried out some research, I’ve discovered there are a variety of ways in which we can all save on food expenses. Obviously, 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 following some helpful guidelines, so here are some quick tips that can save you thousands of dollars every year on your grocery bills.
Plan your meals and create a shopping list
Have you ever had to throw away food simply because it’s past its expiration date? I know I have! By planning each meal of the week, you can ensure that you only spend money on food that is really needed. Take a look in your kitchen to see what ingredients you currently have, which ingredients you need to buy, and write a list of all the ingredients you’ll need for the upcoming week.
Many 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 certain ingredient, you can jot it down immediately and perhaps avoid a second trip to the grocery store. And always shop for food on a full stomach!
Don’t bring your kids to the supermarket
Often it can be hard to organise, but if you go grocery shopping when your kids go to school or in the evening when there’s someone to watch them, you’ll save a considerable amount of money. Not only can you shop a lot quicker, but you don’t need to waste your energy by saying ‘NO’ to your kids every aisle. Normally this can become overpowering, so many people will give up here and there, and these needless items will build up over the year far more than you’d imagine.
Shop in the evening
Speaking of shopping in the evening, you’re more than likely to come across the best prices at this time of day. Large grocery stores will often discount items when they’re overstocked, and perishable goods such as bread, fruit and vegetables will also likely to be marked down. While it may seem 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 cautious though, you don’t want to purchase excessively and waste food, but always remember that you can cook meals and freeze them for later in the week (or month). Cheese, butter, and bread will keep around three months in the freezer, and meat will normally last up to six months. Just ensure that you have enough room in your freezer first!
Try discounted supermarkets
Discounted supermarkets like Aldi will always have products that are cheaper than the supermarket giants like Coles and Woolworths. Conversely, some products will be more expensive, so try finding bargains at discounted grocery stores before visiting your usual supermarket. Although you may not recognise some of the brands, the quality of the food is pretty much the same. The design 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 superb idea.
If you’re dealing with financial challenges, always bear in mind that there are useful ways to save a lot of money on one of your biggest costs. By making some minor adjustments along with a dash of discipline, you can potentially save thousands of dollars yearly on your grocery bills.
If you find that your financial condition is still worsening, it’s always better to seek financial advice sooner rather than later. Talk to the specialists at Bankruptcy Experts Cairns on 1300 795 575, or visit our website for more financial advice: www.bankruptcyexpertscairns.com.au