Most of us suffer through stages in life where money is tight. Fortunately for us, there are several expenses that we can easily do away with, like cable television, gym memberships, and dining out at restaurants. Despite this, there are other expenditures that we simply can’t avoid. Rent, debt repayments and school tuition are just a number of the mandatory 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 lot of money; and that expense is food.
Having undertaken some research, I’ve found there are a multitude of ways in which we can all save on food expenses. It goes without saying, eating out at restaurants is far more expensive than eating at home, but I’m referring to saving money on your weekly grocery bills. You’ll be amazed 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 each year on your grocery bills.
Plan your meals and create a shopping list
Have you ever had to throw away food because it’s past its expiration 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 find what ingredients you presently have, which ingredients you have to buy, and prepare a list of all the ingredients you’ll need for the coming week.
Most of us are regretful of impulse buying at the supermarket, so planning your meals and sticking to the ingredients on your list will substantially reduce any impulse buying. Don’t forget to always keep a pen and paper in the kitchen, so when you run out of a certain ingredient, you can jot it down straight away and potentially avoid a second trip to the supermarket. And always shop for food on a full stomach!
Don’t bring your kids to the grocery store
In certain cases it can be hard to organise, but if you go grocery shopping when your children go to school or in the evening when there’s somebody to keep an eye on them, you’ll save a considerable amount of money. Not only can you shop quicker, but you don’t need to waste your energy by saying ‘NO’ to your kids every aisle. Normally this can become overwhelming, so lots of people will give up here and there, and these nonessential items will build up throughout the year far more than you’d envision.
Shop at night
Speaking of shopping in the evening, you’re more than likely to uncover the best prices at this time of day. Big supermarkets will typically discount goods when they’re overstocked, and perishable goods like bread, fruit and veggies will also likely to be discounted. Even though it may sound a tad cruel 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, especially on discounted items. Be cautious though, you don’t want to purchase excessively and waste food, but always remember that you can prepare meals and freeze them for a later time. Butter, bread, and cheese will keep approximately three months in the freezer, and meat products will typically last up to six months. Just be sure you have enough room in your freezer first!
Have a go at discounted grocery stores
Discounted supermarkets like Aldi will always have goods that are less costly than the supermarket giants like Coles and Woolworths. However, some products will be more expensive, so try finding bargains at discounted supermarkets prior to heading to your usual supermarket. Though 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 a fantastic idea.
If you’re encountering financial challenges, always bear in mind that there are useful ways to save a considerable amount of money on one of your largest costs. By making some small adjustments along with a dash of self-discipline, you could potentially save thousands of dollars every year on your grocery bills.
If you find that your financial condition is still worsening, it’s always better to seek financial advice sooner rather than later. Get in touch with the professionals at Bankruptcy Experts Lismore on 1300 795 575, or visit our website for more financial advice: www.bankruptcyexpertslismore.com.au