In these strained financial times people are increasingly paying attention to where their money is going as times are tough. To help out we thought we’d give six easy tips to help you save on groceries that you can do before you visit the shops.
Problem: Food wastage is one thing that makes your grocery bills skyrocket. At home, rather than eating the leftovers, unused food may be forgotten leaving it to turn slimy and mouldy and eventually being thrown out.
Solution: Doing this eliminates buying any food item twice, smart rationing choices, and people become more aware of what they normally eat versus what they want to eat.
Problem: It's never easy when it comes to balancing between: time, preference, income, store availability, seasons, life situations, and more. Unlike fixed expenses – rent, utilities, Netflix – a food budget is hard to nail down.
Solution: Rather than keeping your receipts, there are plenty of apps that help you track your spending and budgeting such as receipt jar , or if you’re in a pinch just write and down and put on the fridge.
Problem: Without a plan, impulse purchases can literally drain you and your wallet.
Tips: There are different ways to create a list.
Solution: A productive grocery shopping starts with a fairly self-explanatory grocery list. Making a list helps to: avoid buying unnecessary items, less likely to forget what to buy, spend according to the planned budget, and stick to a cost-friendly shopping list.
Problem: If you are someone who likes to run to the grocery store to buy one item but walks out with multiple food bags, then that is one easy way to spend more than planned.
Note: If you can, avoid recipes that require special ingredients.
Solution: Saves money and time from impulse buying due to less frequent visits to the store.
Problem: Buying food from retail can be quite expensive compared to wholesale because first of all, retailers buy goods from wholesalers, then they increase the price on the ordinary cost by adding additional costs such as rent, wages, and other miscellaneous expenses they could pass down on customers.
Tips: Go to wholesale or food market:
Solution: Even before you begin to buy anything, you are already cutting costs by cutting out the middleman.
Problem: Since the pandemic outbreak, meat shortages have become a threat to grocery expenses.
Solution: Eating more plants can help reduce oxidative stress on your body, help your heart, skin, ingest more fiber and so much more. Do not worry about the protein deficiency as you can substitute with soybeans, nuts, and of coarse eggs.
Disclaimer: The author is not a financial advisor and the information provided is general in nature and was prepared for information purposes only. This article should not be considered to constitute financial advice. Accordingly, reliance should not be placed on this article as the basis for making an investment, financial or other decision. This information does not take into account your investment objectives, particular needs or financial situation.