|March 16, 2018||0|
All of us experience stages in life where money is tight. Thankfully for us, there are certain expenses that we can quite easily eliminate, for instance cable television, gym memberships, and dining out at restaurants. On the contrary, there are other costs that we simply can’t avoid. Rent, debt repayments and school fees are just a number of the mandatory expenses that are set and there’s little we can do about it. Having said this, there is one necessary expense where we can all save a lot of money; and that expense is food.
Having done some research, I’ve discovered there are a range of ways in which we can all save on food expenses. Certainly, dining out at restaurants is much 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 practical guidelines, so here are some quick tips that can save you thousands of dollars every year on your food bills.
Plan your meals and write a shopping list
Have you ever needed 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 just spend money on food that is really needed. Have a look in your pantry to see what ingredients you already have, which ingredients you have to buy, and prepare a list of all the ingredients you’ll need for the following week.
Many of us are guilty of impulse buying at the supermarket, so planning your meals and sticking to the ingredients on your list will markedly decrease 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 jot it down instantly and perhaps eliminate a second trip to the supermarket. And always shop for groceries on a full stomach!
Don’t bring your kids to the grocery store
In some cases it can be difficult to organise, but if you go grocery shopping when your kids go to school or in the evening when there’s someone to keep an eye on them, you’ll save heaps of money. Not only can you shop a lot quicker, but you don’t have to drain your energy by saying ‘NO’ to your children every aisle. Normally this can become overwhelming, so lots of people will give in here and there, and these nonessential products will add up throughout the year much more than you’d imagine.
Shop at night
Speaking of shopping in the evening, you’re most likely to stumble on the best prices at this time of day. Large grocery stores will frequently discount goods when they’re overstocked, and perishable goods such as bread, fruit and veggies will also likely to be marked down. While it may sound a 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 throw away food, but always keep in mind that you can prepare meals and freeze them for a later time. Bread, butter, and cheese will keep about three months in the freezer, and meat products will normally last up to six months. Just see to it that you have enough room in your freezer first!
Try discounted supermarkets
Discounted grocery stores such as Aldi will always have products that are less costly than the supermarket giants like Woolworths and Coles. Nevertheless, some products will be more costly, so try finding bargains at discounted grocery stores before visiting your regular grocery store. Though you may not recognise some of the brands, the quality of the food is almost 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 an excellent idea.
If you’re dealing with financial problems, always keep in mind that there are basic ways to save a significant amount of money on one of your largest expenditures. By making some modest changes coupled with a dash of discipline, you can potentially save thousands of dollars each year 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. Talk to the specialists at Bankruptcy Dandenong on 1300 818 575, or visit our website for additional financial advice: http://www.bankruptcy-dandenong.com.au/