We all experience periods in life where money is tight. Luckily for us, there are particular expenses that we can quickly do away with, for example cable television, gym memberships, and dining out at restaurants. On the contrary, there are other expenditures that we simply can’t avoid. Debt repayments, rent and school tuition are just a couple of the necessary expenses that are fixed and there’s very 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 done some research, I’ve found there are a range of ways in which we can all save on food expenses. Clearly, dining out at restaurants is much more expensive than eating at home, but I’m referring to saving money on your weekly grocery bills. You’ll be surprised at just how much money you can save by adopting some helpful guidelines, so here are some helpful tips that can save you thousands of dollars each year on your grocery bills.
Plan your meals and write a shopping list
Have you ever needed to throw away food simply because it’s past its expiry date? I know I have! By planning each meal of the week, you can ensure that you only spend money on food that is needed. Take a look in your kitchen to see what ingredients you presently have, which ingredients you have to buy, and prepare a list of all the ingredients you’ll need for the next 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 substantially reduce any impulse buying. Don’t forget to always keep a paper and pen in the kitchen, so when you run out of a specific ingredient, you can write it down straight away and potentially avoid a second trip to the grocery store. And always shop for groceries on a full stomach!
Don’t bring your kids to the grocery store
Sometimes it can be tough to organise, but if you go grocery shopping when your kids go to school or in the evening when there’s someone to babysit them, you’ll save loads of money. Not only can you shop faster, but you don’t need to drain your energy by saying ‘NO’ to your children every aisle. Generally this can become overpowering, so many people will give up occasionally, and these unneeded items will build up throughout the year a lot more than you’d envision.
Go shopping at night
Speaking of shopping in the evening, you’re most likely to stumble on the best prices at this time of day. Large grocery stores will normally discount products when they’re overstocked, and perishable goods such as bread, fruit and vegetables will also likely to be discounted. While it may sound a little 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 remember that you can cook meals and freeze them for a later time. Cheese, bread, and butter will keep approximately three months in the freezer, and meat will typically last up to six months. Just make sure you have enough room in your freezer first!
Have a go at discounted grocery stores
Discounted grocery stores like Aldi will always have goods that are more affordable than the supermarket giants like Coles and Woolworths. Nevertheless, some products will be more costly, so try finding bargains at discounted supermarkets prior to heading to your normal grocery store. 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 want to save money on food then this is an excellent idea.
If you’re experiencing financial problems, always remember that there are useful ways to save a substantial amount of money on one of your largest expenditures. By making some modest changes together with a dash of discipline, you can potentially save thousands of dollars every year on your grocery bills.
If you discover that your financial condition is still worsening, it’s always better to seek financial advice sooner rather than later. Call the specialists at Bankruptcy Experts Gosford on 1300 795 575, or visit our website for more financial advice: www.bankruptcyexpertsgosford.com.au