We all go through stages in life where money is tight. Fortunately for us, there are specific expenses that we can simply do away with, for example 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 necessary expenses that are set and there’s little we can do about it. Having said this, there is one mandatory expense where we can all save a lot of money; and that expense is food.
Having completed some research, I’ve discovered there are a range of ways in which we can all save on food expenses. Clearly, dining out at restaurants is far more costly 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 following some practical guidelines, so here are some quick tips that can save you thousands of dollars every year on your grocery bills.
Plan your meals and prepare a shopping list
Have you ever had to throw away food simply because it’s past its expiry 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. Take a look in your kitchen to see what ingredients you currently have, which ingredients you have to buy, and prepare a list of all the ingredients you’ll need for the upcoming week.
The majority of us are guilty of impulse buying at the grocery store, so planning your meals and purchasing only the ingredients on your list will greatly lessen any impulse buying. Remember to always keep stationary in the kitchen, so when you run out of a certain ingredient, you can jot it down straight away and perhaps avoid a 2nd trip to the supermarket. And always shop for groceries on a full stomach!
Don’t bring your kids to the supermarket
Sometimes it can be difficult to organise, but if you go grocery shopping when your kids go to school or at night when there’s somebody to watch them, you’ll save a considerable amount of money. Not only can you shop faster, but you don’t need to exhaust your energy by saying ‘NO’ to your kids every aisle. Commonly this can become overwhelming, so lots of people will give up here and there, and these unwanted items will aggregate over the year a lot more than you’d imagine.
Go shopping at night
Speaking of shopping in the evening, you’re likely to come across the best prices at this time of day. Large supermarkets will normally discount products when they’re overstocked, and perishable goods like bread, fruit and veggies will also likely to be marked down. Even though it may appear to be a little bit harsh 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 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 later in the week (or month). Cheese, bread, and butter will last up to three months in the freezer, and meat will normally last up to six months. Just make sure you have enough room in your freezer first!
Try discounted grocery stores
Discounted grocery stores such as Aldi will always have items that are less expensive than the supermarket giants like Coles and Woolworths. Likewise, some products will be more costly, so try finding bargains at discounted supermarkets before visiting your normal supermarket. Although 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 issues, always bear in mind that there are straightforward ways to save a great deal of money on one of your biggest expenditures. By making some small changes together with a dash of discipline, you could potentially save thousands of dollars annually on your grocery bills.
If you discover that your financial condition is still worsening, it’s always better to seek financial guidance sooner rather than later. Speak with the specialists at Bankruptcy Experts Ipswich on 1300 795 575, or visit our website for additional financial advice: www.bankruptcyexpertsipswich.com.au