Most of us go through periods in life where money is tight. Luckily for us, there are various expenses that we can quite easily do away with, like cable television, gym memberships, and eating out at restaurants. On the contrary, there are other costs that we simply can’t avoid. Debt repayments, rent and school fees are just a couple of the necessary expenses that are set and there’s 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 performed some research, I’ve found there are a range of ways in which we can all save on food expenses. Obviously, dining out at restaurants is much more costly than eating at home, but I’m talking about saving money on your weekly grocery bills. You’ll be surprised at just how much money you can save by adopting some general guidelines, so here are some useful 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 had to toss out food simply because it’s past its expiry date? I know I have! By planning every meal of the week, you can make sure that you only spend money on food that is needed. Have a look in your kitchen to see what ingredients you presently have, which ingredients you need to buy, and write a list of all the ingredients you’ll need for the following week.
The majority of us are regretful of impulse buying at the supermarket, so planning your meals and buying only the ingredients on your list will dramatically diminish 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 write it down quickly and possibly prevent a 2nd trip to the supermarket. And always shop for groceries on a full stomach!
Don’t bring your kids to the grocery store
Often times it can be difficult to organise, but if you go grocery shopping when your children are at school or at night when there’s somebody to keep an eye on them, you’ll save a considerable amount of money. Not only can you shop a lot quicker, but you don’t have to drain your energy by saying ‘NO’ to your children every aisle. Usually this can be over-bearing, so many people will give up here and there, and these unwanted items will accumulate throughout the year a lot more than you’d envision.
Shop at night
Speaking of shopping at night, you’re likely to spot the best prices at this time of day. Big supermarkets will frequently discount items when they’re overstocked, and perishable goods like bread, fruit and vegetables will also likely to be discounted. Although it may seem a tad 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 remember that you can cook meals and freeze them for later in the week (or month). Bread, butter, and cheese will last around three months in the freezer, and meat will normally last up to six months. Just ensure that you have enough room in your freezer first!
Have a go at discounted supermarkets
Discounted supermarkets such as Aldi will always have goods that are less costly than the supermarket giants like Coles and Woolworths. Likewise, some items will be more costly, so try finding bargains at discounted supermarkets before visiting your regular supermarket. Although 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 wish to save money on food then this is an exceptional idea.
If you’re suffering from financial troubles, always keep in mind that there are practical ways to save a substantial amount of money on one of your largest expenditures. By making some modest adjustments together with a dash of discipline, you can potentially save thousands of dollars yearly on your grocery bills.
If you find that your financial position is still worsening, it’s always better to seek financial guidance sooner rather than later. Get in contact with the specialists at Bankruptcy Experts Tennant Creek on 1300 795 575, or visit our website for more financial advice: www.bankruptcyexpertstennantcreek.com.au