Most of us suffer through stages in life where money is tight. Fortunately for us, there are certain expenses that we can quickly eliminate, for instance cable TV, gym memberships, and dining out at restaurants. Despite this, there are other expenditures that we simply can’t avoid. Debt repayments, rent and school fees are just a number of the necessary 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 good deal of money; and that expense is food.
Having conducted some research, I’ve discovered there are a variety of ways in which we can all save on food expenses. Clearly, eating 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 astounded at just how much money you can save by sticking to some general guidelines, so here are some useful tips that can save you thousands of dollars annually on your grocery bills.
Plan your meals and create a shopping list
Have you ever had to throw out 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 just spend money on food that is really needed. Have a look in your kitchen to find what ingredients you already have, which ingredients you have to buy, and prepare a list of all the ingredients you’ll need for the coming week.
A lot of us are regretful of impulse buying at the grocery store, so planning your meals and sticking to the ingredients on your list will significantly reduce any impulse buying. Remember to always keep a pen and paper in the kitchen, so when you run out of a certain ingredient, you can write it down straight away and possibly prevent a second trip to the supermarket. And always shop for groceries on a full stomach!
Don’t bring your kids to the grocery store
Occasionally it can be tricky to organise, but if you go grocery shopping when your kids are at school or in the evening when someone can watch them, you’ll save a great deal of money. Not only can you shop faster, but you don’t have to waste your energy by saying ‘NO’ to your children every aisle. Commonly this can be overpowering, so lots of people will give in occasionally, and these excessive 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 uncover the best prices at this time of day. Big 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. Even though it may seem 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, particularly on discounted items. Be cautious though, you don’t want to buy excessively and waste food, but always bear in mind that you can cook meals and freeze them for a later time. Cheese, bread, and butter will keep up to three months in the freezer, and meat will generally last up to six months. Just ensure you have enough room in your freezer first!
Try discounted supermarkets
Discounted supermarkets such as Aldi will always have products that are less expensive than the supermarket giants like Woolworths and Coles. Conversely, some goods will be more expensive, so try finding bargains at discounted grocery stores prior to heading to your normal supermarket. Even though you may not recognise some of the brands, the quality of the food is just about 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 a fantastic idea.
If you’re dealing with financial issues, always keep in mind that there are easy ways to save a lot of money on one of your biggest expenditures. By making some small adjustments along with a dash of self-discipline, you can potentially save thousands of dollars yearly on your grocery bills.
If you find that your financial position is still worsening, it’s always better to seek financial advice sooner rather than later. Speak with the specialists at Gold Coast Bankruptcy Centre on 1300 795 575, or visit our website for more financial advice: www.goldcoastbankruptcycentre.com.au