Food Costs through the Roof? Here Are 5 Easy Ways to Save on Your Grocery Bill
You may have noticed that the cost of food has risen significantly over the past few years. Feeding a family now often takes up a substantial portion of a person’s monthly income, leaving less money available to save or reduce your debts. The cost of food can easily take a once manageable budget and turn it into a stressful financial situation.
While you can’t control the price tag of food items, what you can do is implement a few easy budgeting and planning tips that will help cut down on your grocery bill. If you’re finding your food costs through the roof, here are 5 easy ways to help you save.
- Stock up on items when they are on sale, especially food items that you use often. For example, if you use a lot of canned goods, keep an eye out for sales and buy enough to last awhile. By doing this, you’re not paying full price and always have what you need on hand.
- Make sure that you have a food budget and stick to it! It’s easy enough to go to the supermarket and load up on food without taking the cost into account. Next thing you know, when you go to leave, you realise that you’ve spent way more than you had planned. To alleviate this problem, set aside what you want to spend at the supermarket for the entire month in cash. When you go, do not take any other payment method aside from the money you set aside – and also remember to take a calculator so that you don’t go over.
- Not only does paying in cash help, but a list is also a must have. Make sure to write everything down before you go and only purchase what’s on your list. A lot of money gets spent at the supermarket on items that simply look good, rather than what you truly need.
- Buying in bulk can save a lot of money, but only when what you’re buying are items that you actually use. A lot of times, people will spend the money buying bulk only to find that the food items expire before they get used. Buying in bulk is a good way to save on items like paper products, household items and non-perishable foods. For everything else, only buy what you’re going to be able to use in a short amount of time.
- Be loyal to your budget – not your favourite supermarket. You may have a supermarket that you always go to, but it may not be the cheapest. To save money, shop the sales at varying supermarkets to make sure that you’re getting the lowest possible price.
The amount you spent on food greatly takes a toll on what else you can do with your income. Start using the tips above to save money at the supermarket and free up cash!