A hefty food bill can have a huge impact on your finances.
Being a little bit crafty will help increase your disposable income and increase your savings. In this article, we will go over smart ways to save money on groceries, fill up your cart with the things you need, and not spend a small fortune. And you don’t have to use coupon clipping services.
It might allow you to enjoy eating out more or get you a little bit closer to that two-month cross-country road trip!
Sound good?
Here are six ways to reduce your food budget and start being more frugal.
1. Planning is the key to success
It might seem simple but planning your meals and writing a shopping list is one of the best ways to save on your food shop.
Knowing what you need to make your meals for the week, means you don’t end up buying unnecessary food.
It also means you check your cupboards at home to see what you need to purchase. It’s easy to double up on an item, which is a completely pointless expense (especially when it’s something you rarely use).
Writing a list means you aren’t wandering around the shop and succumbing to offers and deals you didn’t go out for.
This is the difference between saving $100 a month extra simply by having a shopping list.
If you’re really into this, you can have a list of contents on the doors of your cupboards; then you know exactly what you have or haven’t got at a glance.
2. See a bargain? go for it
Sometimes all the planning in the world can be fruitless if that one lettuce you need is $6.99.
When you head to the supermarket take note of what fruit and vegetables are on sale. Most likely it will be things that are in season and excessive.
Notice that 1 kg of pumpkin is only $.50? Why not grab a couple, vegetables can be so diverse and used in so many different recipes.
It might be just pumpkin soup or you can create and make things like pumpkin cornbread, pumpkin, beef, black bean chili, or pumpkin cannelloni.
3. Don’t be afraid of budget supermarkets
Budget supermarkets are a surefire way to reduce your food budget with limited hassle. The great thing about them is they only have one option, and you either take it or leave it.
There’s no opportunity to be taken in by higher-priced or branded products like in a normal supermarket, as they just aren’t available.
Because these shops aren’t so concerned about your shopping experience, it means your food shop costs less – this is a small price to pay when it comes to reducing your food spend.
You can easily find these near you by just Googling, ‘budget supermarket near me'.
4. Set a budget and stick to it
Money management is all about setting a budget. Setting yourself a food budget is a good way of giving you something to work towards.
Look at what you are spending on food on a weekly basis and set yourself a reduced (but reasonable) budget to work with each week.
Setting your budget too low will just set you up for failure, so make sure you aren’t too hard on yourself!
You will be so pleased with yourself when you come in on budget, or even better – under budget!
You can make it into a challenge to see how low you can get your weekly food spend.
Related: How to Build a Family Financial Plan
5. Avoid big brands
Still unsure of how to reduce your grocery bill dramatically? Consider buying unbranded or own-brand products as it is an excellent way of reducing your food budget.
The products are often just as good (if not better) and you won’t be disappointed when you swap your branded condiments, snacks, and packets for an own-brand option.
When you compare the price of your branded and unbranded products when you are next in the shop, you might be surprised to see how much more expensive they are.
6. Calculate your food costs before reaching checkout
It’s easy to place food in your basket and have no idea how much your shop will cost when you get to the checkout.
Adding up as you go is a great way to keep track of your spending; you can do this with a calculator or on your phone.
There’s also a benefit to online food shopping here, as you can see how much you have spent before you pay.
You then have the option to go back to your basket and remove things and change them for alternatives.
7. Use grocery cash back apps
When learning how to reduce your grocery bill dramatically, cash back apps are a must.
What is cash back, you might ask? It is a financial refund that you receive after making a certain purchase.
One of the best apps for this is Fetch Rewards. With Fetch Rewards, you can earn points by simply snapping pictures of your receipts from grocery stores, convenience stores, and more. These points can then be redeemed for gift cards from popular retailers and brands.
Using Fetch Rewards is simple: download the app, scan your grocery receipts, and watch your points grow. It’s an effortless way to make every grocery trip a little more rewarding.
- Snap receipts to earn points for every purchase
- Redeem points for gift cards to top stores like Amazon
- Get a $3 bonus with promo code C1JAV
8. Buy non-perishable items in bulk
Grains, nuts, beans, spices, and household goods like toilet paper and paper towels are examples of non-perishable things (ones that will last a long time).
Staples are less expensive in quantity—and the more you buy at once, the less frequently you'll need to remember to get them.
Take a look at pricing per volume of goods. This is especially useful when comparing two similar items since the price per volume indicates how wonderful a bargain you're getting.
On the left side of the cost display, you'll often see the price per volume (the amount you're paying is on the right).
The Bottom Line
Once you implement a few of these money saving hacks you will notice the savings rolling in. Soon it will become a habit and you will notice that your surplus will allow indulging in more holidays or lovely meals out with your friends and family. Do you know any other tricks to cut your grocery bill and still be healthy?
