10 Ways on How to Save Money on Food

10 Ways on How to Save Money on Food

Food is one of the key necessities - and pleasures - of life. Unfortunately, it is also one of the great expenses. That's why we've put together this list of 10 ways to save money on food while still eating well. 

1. Buy in bulk

Individually packed food is more convenient but it is also more expensive. A more frugal choice is to buy in bulk. You should consider bulk-buying any food that you consume in large quantities such as rice, coffee, nuts and flour. This will not only save you money but it will also save you time. 

2. Eat out less

The cost of routinely eating out and buying takeaway really adds up. To reduce the cost, try to limit eating out to special occasions. This can be an opportunity to learn how to cook delicious and healthy new dishes. There are a wide range of recipe books which you can get your inspiration from and a small investment in time will deliver benefits for years.  

3. Plan your meals

Planning your meals before you do your grocery shopping can save you a lot of money. Create a menu of the meals you’re going to have for the week, and stick to it. You can also use the ingredients you already have in your fridge or in your cupboard.  

4. Buy ingredients that are in season

Buy fruits and vegetables that are in season. If you buy foods when they’re out of season, they tend to be more expensive because they have been stored longer and shipped long distances. Buying local, seasonal food saves money and it tastes better!

5. Buy home-brand food

Another option to save money is to buy home-brand products instead of name-brands. Home-brand ingredients like spices, cheese and sauces aren't necessarily low quality, in fact, they are often surplus production from premium producers. Home brand products simply have lower marketing costs than what name-brands incur. Buying home-brand can save you up to 25% on your grocery bills while still giving you delicious, high-quality food. 

6. Compare prices at different stores

Competing supermarkets often charge significantly different prices for the same product. Do a price comparison of grocery stores near you, read their catalogues, and check which store offers the best price for each ingredient. You can also try shopping at a farmers' market to save even more money.

7. Bring your own lunch to work

Buying lunch at work every day is expensive. The cheap food tends to be unhealthy and the good food is exorbitantly priced. You can save money and improve the quality of what you eat at the same time by bringing a home-made lunch.  

8. Reduce wastage

Do an inventory check of your food and check the expiry dates. If you have food that's close to the expiry date, try to use it for your next meal so it doesn't go to waste. For example, you can use overripe bananas to make banana bread. 

9. Go shopping alone

Going grocery shopping with your family and friends can result in buying items that are not on your grocery list. This is especially true with kids - before you know it you will be buying coloured pencils and chocolate treats that you don't need. Try doing the groceries alone instead so you can stick to your list.

10. Set a food budget

Finally, as always, set a budget. It is hard to leave foods out of the shopping trolley or say no to takeaway if you don't have a budget. If you set a realistic budget it will help you to limit and prioritise your food spending. It will also ensure you really enjoy the treats you have budgeted for guilt free, secure in the knowledge that you are still on track financially. 

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