Most of us suffer through phases in life where money is tight. Luckily for us, there are a few expenses that we can quite easily eliminate, for example cable TV, gym memberships, and dining out at restaurants. Despite this, there are other costs that we simply can’t avoid. Rent, debt repayments and school tuition are just some 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 performed some research, I’ve found there are a variety of ways in which we can all save on food expenses. Naturally, 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 shocked at just how much money you can save by following 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 prepare 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 needed. Take a look in your pantry to see what ingredients you currently have, which ingredients you need to buy, and prepare a list of all the ingredients you’ll need for the following week.
The majority of us are regretful of impulse buying at the grocery store, so planning your meals and purchasing only the ingredients on your list will substantially decrease any impulse buying. Don’t forget to always keep a paper and pen in the kitchen, so when you run out of a certain ingredient, you can jot it down quickly and most likely prevent a 2nd trip to the supermarket. And always shop for groceries on a full stomach!
Don’t bring your children to the supermarket
In some cases it can be tough to organise, but if you go grocery shopping when your children go to school or in the evening when somebody can keep an eye on them, you’ll save heaps 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. Quite often 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 envision.
Shop at night
Speaking of shopping in the evening, you’re most likely to stumble on 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 veggies will also likely to be marked down. Although it may seem a tad 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 cautious though, you don’t want to buy excessively and waste food, but always keep in mind that you can prepare meals and freeze them for a later time. Cheese, bread, and butter will keep around three months in the freezer, and meat 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 supermarkets like Aldi will always have goods that are more affordable than the supermarket giants like Woolworths and Coles. Nevertheless, some items will be more costly, so try finding bargains at discounted supermarkets prior to visiting your usual supermarket. Though you may not recognise some of the brands, the quality of the food is virtually the same. The design is also different, so it may take a bit of getting used to, but if you need to save money on food then this is a superb idea.
If you’re going through financial problems, always remember that there are simple ways to save a substantial amount of money on one of your biggest expenses. By making some modest changes together with a dash of discipline, you could potentially save thousands of dollars each year on your grocery bills.
If you discover that your financial circumstance is still worsening, it’s always better to seek financial guidance sooner rather than later. Call the specialists at Bankruptcy Advice Perth on 1300 879 867, or visit our website for more financial advice: Bankruptcy Perth