Most of us endure times in life where money is tight. Fortunately for us, there are particular expenses that we can easily do away with, such as cable television, gym memberships, and dining out at restaurants. On the other hand, there are other expenditures that we simply can’t avoid. Debt repayments, rent and school tuition are just some of the necessary expenses that are fixed and there’s little we can do about it. Having said that, there is one mandatory expense where we can all save a great deal of money; and that expense is food.
Having undertaken 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 costly than eating at home, but I’m referring to saving money on your weekly grocery bills. You’ll be shocked at just how much money you can save by adopting some basic guidelines, so here are some helpful tips that can save you thousands of dollars every year on your grocery bills.
Plan your meals and create a shopping list
Have you ever needed to toss out food because it’s past its expiry date? I know I have! By planning each meal of the week, you can make sure that you just spend money on food that is needed. Have a look in your pantry 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 following week.
A lot of us are guilty of impulse buying at the grocery store, so planning your meals and purchasing only the ingredients on your list will drastically minimise 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 immediately and possibly prevent a 2nd trip to the supermarket. And always shop for groceries on a full stomach!
Don’t bring your children to the grocery store
Often it can be tough to organise, but if you go grocery shopping when your kids are at school or at night when there’s someone to watch them, you’ll save loads 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. Often this can become frustrating, so lots of people will give up here and there, and these needless items will add up throughout the year much more than you’d imagine.
Shop at night
Speaking of shopping in the evening, you’re likely to uncover the best prices at this time of day. Big supermarkets will regularly discount items when they’re overstocked, and perishable goods such as bread, fruit and vegetables will also likely to be marked down. While it may sound a bit 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, particularly on discounted items. Be cautious though, you don’t want to purchase too much and throw away food, but always keep in mind that you can prepare meals and freeze them for a later time. Butter, cheese, and bread will last up to three months in the freezer, and meat products 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 such as Aldi will always have items that are less costly than the supermarket giants like Coles and Woolworths. However, some items will be more costly, so try finding bargains at discounted grocery stores before heading to your normal grocery store. While you may not recognise some of the brands, the quality of the food is just about the same. The structure is also different, so it may take a bit of getting used to, but if you wish to save money on food then this is an exceptional idea.
If you’re encountering financial issues, always bear in mind that there are straightforward ways to save a great deal of money on one of your largest expenditures. By making some modest adjustments in conjunction with a dash of self-discipline, you could potentially save thousands of dollars annually on your grocery bills.
If you discover that your financial situation is still worsening, it’s always better to seek financial guidance sooner rather than later. Phone the specialists at Bankruptcy Experts Wangaratta on 1300 795 575, or visit our website for additional financial advice: www.bankruptcyexpertswangaratta.com.au