|March 16, 2018||Comments Closed|
All of us experience times in life where money is tight. Luckily for us, there are a few expenses that we can quickly do away with, for example cable TV, gym memberships, and dining out at restaurants. Despite this, there are other expenses that we simply can’t avoid. Debt repayments, rent and school fees are just a couple of the mandatory expenses that are fixed and there’s very little we can do about it. Having said this, there is one necessary expense where we can all save a great deal of money; and that expense is food.
Having carried out some research, I’ve found there are a variety of ways in which we can all save on food expenses. It goes without saying, dining out at restaurants is far more expensive than eating at home, but I’m talking about saving money on your weekly food bills. You’ll be delighted at just how much money you can save by following some basic guidelines, so here are some quick tips that can save you thousands of dollars each year on your grocery bills.
Plan your meals and prepare a shopping list
Have you ever needed to throw out food because it’s past its expiration date? I know I have! By planning every meal of the week, you can ensure that you only spend money on food that is really needed. Have a look in your pantry to find what ingredients you presently have, which ingredients you need to buy, and create a list of all the ingredients you’ll need for the next week.
A lot of us are guilty of impulse buying at the grocery store, so planning your meals and buying only the ingredients on your list will drastically diminish any impulse buying. Remember to always keep a paper and pen in the kitchen, so when you run out of a specific ingredient, you can write it down quickly and most likely eliminate a 2nd trip to the supermarket. And always go grocery shopping on a full stomach!
Don’t bring your children to the supermarket
At times it can be hard to organise, but if you go grocery shopping when your kids are at school or in the evening when someone can keep an eye on them, you’ll save a significant amount of money. Not only can you shop a lot quicker, but you don’t have to waste your energy by saying ‘NO’ to your kids every aisle. Commonly this can become frustrating, so lots of people will give in occasionally, and these unneeded products will accumulate throughout the year much more than you’d imagine.
Shop at night
Speaking of shopping at night, you’re most likely to spot the best prices at this time of day. Large supermarkets will regularly discount items 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 cruel after a long day, you can bag a lot of bargains by shopping in the evening.
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 excessively and throw away food, but always remember that you can cook meals and freeze them for a later time. Cheese, butter, and bread will last up to 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 items that are less costly than the supermarket giants like Woolworths and Coles. On the other hand, some items will be more costly, so try finding bargains at discounted supermarkets before visiting your usual supermarket. Although you may not recognise some of the brands, the quality of the food is pretty much 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 an excellent idea.
If you’re encountering financial troubles, always keep in mind that there are simple ways to save a great deal of money on one of your largest costs. By making some small adjustments as well as a dash of self-discipline, you can potentially save thousands of dollars annually on your grocery bills.
If you discover that your financial condition is still worsening, it’s always better to seek financial guidance sooner rather than later. Call the professionals at Bankruptcy Alice Springs on 1300 818 575, or visit our website for additional financial advice: http://www.bankruptcy-alicesprings.com.au/