We all pass through times in life where money is tight. Fortunately for us, there are a number of expenses that we can quickly eliminate, for instance cable TV, gym memberships, and dining out at restaurants. On the other hand, there are other expenses that we simply can’t avoid. Debt repayments, rent and school tuition are just a number of the necessary expenses that are set and there’s not much we can do about it. Having said that, there is one mandatory expense where we can all save a considerable amount 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, 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 amazed at just how much money you can save by adopting some general guidelines, so here are some quick tips that can save you thousands of dollars annually on your food bills.
Plan your meals and create a shopping list
Have you ever needed to toss out food simply because it’s past its expiration date? I know I have! By planning every meal of the week, you can be sure that you only spend money on food that is needed. Take a look in your kitchen to see what ingredients you presently have, which ingredients you have to buy, and create a list of all the ingredients you’ll need for the upcoming week.
The majority of us are guilty of impulse buying at the supermarket, so planning your meals and purchasing only the ingredients on your list will substantially reduce any impulse buying. Don’t forget to always keep a paper and pen in the kitchen, so when you run out of a particular ingredient, you can jot it down instantly and potentially eliminate a 2nd trip to the grocery store. And always go grocery shopping on a full stomach!
Don’t bring your children to the grocery store
Often it can be difficult to organise, but if you go grocery shopping when your kids are at school or at night when somebody can babysit them, you’ll save heaps of money. Not only can you shop more quickly, but you don’t need to drain your energy by saying ‘NO’ to your kids every aisle. Typically this can be frustrating, so many people will give in occasionally, and these unneeded items will add up over the year far more than you’d imagine.
Shop at night
Speaking of shopping at night, you’re most likely to find the best prices at this time of day. Large supermarkets will typically discount goods when they’re overstocked, and perishable goods like bread, fruit and veggies will also likely to be marked down. Although it may seem a little bit 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, especially on discounted items. Be careful though, you don’t want to buy excessively and waste food, but always keep 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 generally last up to six months. Just be sure you have enough room in your freezer first!
Have a go at discounted supermarkets
Discounted grocery stores such as Aldi will always have goods that are less costly than the supermarket giants like Woolworths and Coles. However, some products will be more expensive, so try finding bargains at discounted grocery stores before heading to your normal supermarket. Even 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 intend to save money on food then this is a terrific idea.
If you’re suffering from financial difficulties, always keep in mind that there are practical ways to save a substantial amount of money on one of your biggest expenditures. By making some small adjustments in conjunction with a dash of discipline, you can potentially save thousands of dollars yearly on your grocery bills.
If you discover that your financial position is still worsening, it’s always better to seek financial guidance sooner rather than later. Get in contact with the specialists at Bankruptcy Experts Rockhampton on 1300 795 575, or visit our website for additional financial advice: Bankruptcy Rockhampton