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March 16, 2018Comments Closed

How To Save Money On Food

Posted by:Bankruptcy Specialist onMarch 16, 2018

Bankruptcy Brisbane,Bankrupt Brisbane,Insolvency Brisbane

All of us experience phases in life where money is tight. Fortunately for us, there are particular expenses that we can quickly eliminate, like cable TV, gym memberships, and eating out at restaurants. Despite this, there are other costs that we simply can’t avoid. Rent, debt repayments and school tuition are just a few of the necessary expenses that are fixed and there’s very little we can do about it. Having said this, there is one necessary expense where we can all save a good deal of money; and that expense is food.

Having undertaken some research, I’ve found there are a range of ways in which we can all save on food expenses. Of course, dining 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 sticking to some basic guidelines, so here are some helpful tips that can save you thousands of dollars annually on your grocery bills.

Plan your meals and write a shopping list
Have you ever needed to throw away 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 really needed. Have a look in your pantry to find what ingredients you currently have, which ingredients you have to buy, and prepare a list of all the ingredients you’ll need for the next week.

The majority of us are regretful of impulse buying at the grocery store, so planning your meals and purchasing only the ingredients on your list will substantially diminish any impulse buying. Don’t forget to always keep a paper and pen in the kitchen, so when you run out of a specific ingredient, you can write it down immediately and possibly eliminate a second trip to the supermarket. And always shop for groceries on a full stomach!

Don’t bring your kids to the supermarket
Often times it can be difficult to organise, but if you go grocery shopping when your kids are at school or at night when someone can watch them, you’ll save loads of money. Not only can you shop a lot quicker, but you don’t need to waste your energy by saying ‘NO’ to your children every aisle. Quite often this can be overwhelming, so lots of people will give in here and there, and these unnecessary items will aggregate over the year a lot more than you’d imagine.

Go shopping in the evening
Speaking of shopping in the evening, you’re likely to stumble on the best prices at this time of day. Big grocery stores will regularly discount goods when they’re overstocked, and perishable goods like bread, fruit and vegetables will also likely to be marked down. Even though it may appear to be a tad harsh 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 buy too much and waste food, but always bear in mind that you can cook meals and freeze them for a later time. Butter, bread, and cheese will keep about three months in the freezer, and meat will generally last up to six months. Just make sure you have enough room in your freezer first!

Try discounted grocery stores
Discounted supermarkets such as Aldi will always have products that are less expensive than the supermarket giants like Coles and Woolworths. However, some items will be more expensive, so try finding bargains at discounted grocery stores prior to heading to your usual supermarket. Even though you may not recognise some of the brands, the quality of the food is essentially 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 an excellent idea.

If you’re suffering from financial issues, always bear in mind that there are basic ways to save a lot of money on one of your biggest expenses. By making some small changes coupled with a dash of discipline, you can potentially save thousands of dollars yearly on your grocery bills.

If you discover that your financial circumstance is still worsening, it’s always better to seek financial advice sooner rather than later. Get in touch with the professionals at Bankruptcy Brisbane on 1300 818 575, or visit our website for more financial advice: http://www.bankruptcy-brisbane.net.au/

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