All of us endure times in life where money is tight. Luckily for us, there are certain expenses that we can readily eliminate, like cable television, gym memberships, and eating out at restaurants. On the other hand, there are other expenses that we simply can’t avoid. Debt repayments, rent and school fees 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 good deal of money; and that expense is food.
Having completed some research, I’ve discovered there are a range of ways in which we can all save on food expenses. Clearly, eating out at restaurants is much 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 adopting some basic guidelines, so here are some quick tips that can save you thousands of dollars every year on your grocery bills.
Plan your meals and prepare a shopping list
Have you ever needed to toss out food because it’s past its expiry date? I know I have! By planning each meal of the week, you can be sure that you just spend money on food that is really needed. Take a look in your pantry to find what ingredients you already 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 guilty of impulse buying at the supermarket, so planning your meals and purchasing only the ingredients on your list will considerably lessen any impulse buying. Don’t forget to always keep a pen and paper in the kitchen, so when you run out of a particular ingredient, you can jot it down immediately and perhaps avoid a 2nd trip to the grocery store. And always shop for groceries on a full stomach!
Don’t bring your kids to the grocery store
Occasionally it can be difficult to organise, but if you go grocery shopping when your children are at school or at night when someone can babysit them, you’ll save a great deal of money. Not only can you shop a lot quicker, but you don’t have to exhaust your energy by saying ‘NO’ to your children every aisle. Commonly this can be over-bearing, so a lot of people will give in occasionally, and these unneeded items will add up over the year much more than you’d imagine.
Go shopping in the evening
Speaking of shopping in the evening, you’re likely to find the best prices at this time of day. Big grocery stores will usually discount goods when they’re overstocked, and perishable goods like bread, fruit and veggies will also likely to be marked down. While it may appear to be a little bit harsh 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 careful though, you don’t want to buy excessively and waste food, but always remember that you can prepare meals and freeze them for later in the week (or month). Cheese, bread, and butter will last as much as three months in the freezer, and meat will typically last up to six months. Just ensure that you have enough room in your freezer first!
Try discounted supermarkets
Discounted supermarkets such as Aldi will always have goods that are more affordable than the supermarket giants like Woolworths and Coles. On the contrary, some items will be more expensive, 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 just about 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 terrific idea.
If you’re encountering financial issues, always remember that there are basic ways to save a significant amount of money on one of your largest expenditures. By making some small adjustments together with a dash of self-discipline, you could potentially save thousands of dollars yearly 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. Contact the professionals at Bankruptcy Experts Fremantle on 1300 795 575, or visit our website for more financial advice: www.bankruptcyexpertsfremantle.com.au