If you're struggling to climb out of debt, then you're working hard to accomplish one long-term goal and one short-term goal: to eventually become debt-free, and in the meantime to keep food on the table.
However, is there a way to cut down on day to day grocery costs, and make that food you're putting on the table actually work for you in your debt elimination plan? While the grocery bill is one of the biggest monthly expenses for a lot of people, there are ways to save money and still eat well. Here are 4 suggestions that can help you cut down on the cost of your groceries.
1. Plan Out Your Meals for the Week
Having a meal plan for the week can help you in a number of ways. For instance, you'll be able to use leftovers more efficiently. Since you know exactly what food items you need to cook or prepare each day, you'll save valuable time. And once everyone in the family is on the same page, it will be easier for everyone to avoid impulse buys at the grocery store.
Another great benefit of meal planning is that you won't need to run back out to the store for items that you inadvertently forgot earlier in the week. That in itself will save you time and car fuel!
2. Look for Good Deals
Grocery stores constantly offer special sales and discounts for their customers. There are a number of ways to find good deals. For example, you can look for BOGO items within the store; scan store fliers for weekly sales and promotions; sign up for a loyalty program that offers discounts for its members; or keep track of coupons that offer exceptional bargains.
Some families even combine tip #1 and tip #2 by planning meals each week that feature foods with the best deals or discounts from local grocery stores.
3. Buy in Bulk
Grocery stores and big box retailers that sell groceries often offer better deals when you purchase food items in bulk. If you can simplify the foundation of your family's diet down to a handful of basic staples, then it will be very easy to use up bulk foods before they expire or go bad. For instance, huge bags of rice can go a long way to feed a family, and jumbo size jars of condiments like ketchup or mustard are often proportionally less expensive than their smaller counterparts.
Another option that people are utilizing more frequently is to order food items in bulk from online outlets. These stores often charge significantly less on their grocery products than physical establishments do.
4. Cut Down on Luxury Foods
All of us have our favorite "guilty pleasure" foods, and we all enjoy fine dining. However, if you've formed the habit of buying luxury foods on a regular basis, it may be a good idea to change that behavior, and save those meals for special occasions.
For instance, instead of eating out multiple times each week, some families have decided to save their money throughout the month, and eat out at the end of every month as a reward for their self control. Thus, they can save money without completely eliminating luxury food items.
Implementing these 4 tips can help you to save money, contribute towards your goal of freedom from debt, and keep everyone in your family healthy and happy.
Becoming debt-free often boils down to setting progressive, reachable goals, and exercising self control in order to achieve them. If you'd like to learn more about how to become debt-free, and cope with your debt in the meantime, reach out to us today for more information. We would be happy to assist you.