We all suffer through stages in life where money is tight. Luckily for us, there are a few expenses that we can 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. Debt repayments, rent and school fees are just a number of the necessary expenses that are fixed and there’s not much 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 multitude of ways in which we can all save on food expenses. Obviously, dining 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 practical guidelines, so here are some helpful tips that can save you thousands of dollars every year on your food bills.
Plan your meals and create a shopping list
Have you ever needed to toss out food simply because it’s past its expiration date? I know I have! By planning each meal of the week, you can make sure that you only spend money on food that is needed. Look in your kitchen to see what ingredients you already have, which ingredients you have to buy, and write a list of all the ingredients you’ll need for the coming week.
Many of us are regretful of impulse buying at the supermarket, so planning your meals and purchasing only the ingredients on your list will dramatically decrease any impulse buying. Remember to always keep stationary in the kitchen, so when you run out of a particular ingredient, you can write it down immediately and possibly eliminate a second trip to the grocery store. And always go grocery shopping on a full stomach!
Don’t bring your children to the supermarket
In some cases it can be difficult to organise, but if you go grocery shopping when your children are at school or at night when someone can watch them, you’ll save a significant amount of money. Not only can you shop quicker, but you don’t need to exhaust your energy by saying ‘NO’ to your children every aisle. Commonly this can be overpowering, so many people will give in here and there, and these needless products will add up over the year far more than you’d envision.
Go shopping at night
Speaking of shopping at night, you’re more than likely to stumble on the best prices at this time of day. Big grocery stores will frequently discount products when they’re overstocked, and perishable goods such as bread, fruit and veggies will also likely to be marked down. Although it may sound a tad 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, especially on discounted items. Be careful though, you don’t want to purchase excessively and waste food, but always remember that you can cook meals and freeze them for a later time. Cheese, butter, and bread will keep around three months in the freezer, and meat products will normally last up to six months. Just be sure you have enough room in your freezer first!
Try discounted grocery stores
Discounted grocery stores like Aldi will always have items that are less costly than the supermarket giants like Coles and Woolworths. On the contrary, some goods will be more expensive, so try finding bargains at discounted supermarkets prior to heading to your usual supermarket. Although you may not recognise some of the brands, the quality of the food is essentially the same. The structure 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 fantastic idea.
If you’re going through financial issues, always bear in mind that there are straightforward ways to save a substantial amount of money on one of your biggest expenses. By making some modest adjustments in conjunction with a dash of discipline, you could potentially save thousands of dollars each year 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 to the professionals at Bankruptcy Experts Northern Rivers on 1300 795 575, or visit our website for more financial advice: Bankruptcy Northern Rivers