We all pass through periods in life where money is tight. Luckily for us, there are a few expenses that we can easily eliminate, for instance cable TV, gym memberships, and dining out at restaurants. On the contrary, there are other costs that we simply can’t avoid. Debt repayments, rent and school tuition are just a few of the necessary expenses that are set and there’s not much we can do about it. Having said this, 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 discovered 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 costly than eating at home, but I’m talking about saving money on your weekly grocery bills. You’ll be shocked at just how much money you can save by following some general guidelines, so here are some simple tips that can save you thousands of dollars annually on your grocery bills.
Plan your meals and write a shopping list
Have you ever had to throw out 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. Have a look in your kitchen to see what ingredients you currently have, which ingredients you have to buy, and prepare a list of all the ingredients you’ll need for the upcoming week.
The majority of us are guilty of impulse buying at the supermarket, so planning your meals and sticking to the ingredients on your list will substantially diminish 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 possibly eliminate a 2nd trip to the supermarket. And always shop for groceries on a full stomach!
Don’t bring your children to the supermarket
Often it can be tough to organise, but if you go grocery shopping when your kids are at school or in the evening when there’s someone to watch them, you’ll save heaps of money. Not only can you shop a lot quicker, but you don’t need to drain your energy by saying ‘NO’ to your children every aisle. Normally this can be overpowering, so many people will give in here and there, and these unwanted products will accumulate throughout the year much more than you’d envision.
Shop at night
Speaking of shopping at night, you’re most likely to stumble on the best prices at this time of day. Big supermarkets will frequently discount products when they’re overstocked, and perishable goods like bread, fruit and veggies will also likely to be discounted. Although it may appear to be 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, especially on discounted items. Be careful though, you don’t want to purchase too much and throw away food, but always bear in mind that you can cook meals and freeze them for a later time. Butter, bread, and cheese will last up to three months in the freezer, and meat products will typically last up to six months. Just ensure that you have enough room in your freezer first!
Try discounted grocery stores
Discounted grocery stores such as Aldi will always have items that are less costly than the supermarket giants like Woolworths and Coles. On the contrary, some goods will be more costly, so try finding bargains at discounted grocery stores before heading to your regular grocery store. While you may not recognise some of the brands, the quality of the food is roughly 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 suffering from financial troubles, always keep in mind that there are straightforward ways to save a great deal of money on one of your biggest expenditures. By making some modest changes together with a dash of discipline, you can potentially save thousands of dollars annually on your grocery bills.
If you find that your financial circumstance is still worsening, it’s always better to seek financial guidance sooner rather than later. Speak to the specialists at Bankruptcy Experts Port Stephens on 1300 795 575, or visit our website for additional financial advice: www.bankruptcyexpertsportstephens.com.au