We all pass through stages in life where money is tight. Fortunately for us, there are specific expenses that we can simply eliminate, for example cable television, gym memberships, and eating out at restaurants. Despite this, 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 necessary expense where we can all save a good deal of money; and that expense is food.
Having done some research, I’ve discovered there are a multitude of ways in which we can all save on food expenses. Obviously, eating out at restaurants is far more expensive 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 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 write a shopping list
Have you ever needed 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 only spend money on food that is needed. Take a look in your pantry to find what ingredients you presently have, which ingredients you need to buy, and write a list of all the ingredients you’ll need for the upcoming week.
The majority of us are guilty of impulse buying at the grocery store, so planning your meals and buying only the ingredients on your list will greatly minimise any impulse buying. Remember to always keep a paper and pen in the kitchen, so when you run out of a certain ingredient, you can write it down quickly and potentially avoid a second trip to the grocery store. And always shop for groceries on a full stomach!
Don’t bring your children to the supermarket
Sometimes it can be difficult to organise, but if you go grocery shopping when your children go to school or at night when there’s somebody to keep an eye on them, you’ll save a great deal of money. Not only can you shop more quickly, but you don’t need to drain your energy by saying ‘NO’ to your children every aisle. Usually this can be overwhelming, so many people will give up occasionally, and these unwanted products will accumulate throughout the year far more than you’d imagine.
Shop in the evening
Speaking of shopping in the evening, you’re more than likely to spot the best prices at this time of day. Big grocery stores will typically discount products when they’re overstocked, and perishable goods like bread, fruit and veggies will also likely to be marked down. Though 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 buy too much and waste food, but always keep in mind that you can cook meals and freeze them for later in the week (or month). Cheese, bread, and butter will last around three months in the freezer, and meat will generally last up to six months. Just see to it that you have enough room in your freezer first!
Try discounted grocery stores
Discounted grocery stores like Aldi will always have products that are much cheaper than the supermarket giants like Coles and Woolworths. Nevertheless, some items 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 basically 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 dealing with financial challenges, always bear in mind that there are useful ways to save a substantial amount of money on one of your biggest expenses. By making some minor changes along with a dash of self-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. Get in contact with the professionals at Bankruptcy Experts Cassowary Coast on 1300 795 575, or visit our website for additional financial advice: www.bankruptcyexpertscassowarycoast.com.au