How To Save Money On Food

Tips to help you spend less money on food

In addition to utilities, food is one of the most costly necessities in the average household, and many people are looking to spend less money on food so they have more left over at the end of the month to save, invest or use to pay down debts or credit card bills. For those wondering how to save money on food, there are two things to consider: first, you need to cut down how frequently you eat out (and where you dine), and second, you need to learn how to save money on groceries.

How to Save Money on Groceries

Making affordable meals at home means saving money on groceries. This is easy if you know what to look for at the grocery store:

  • Buy generic store brands instead of name brands
  • Use flyers to find out which foods are on sale, and take advantage of opportunities to stock up on cheap staples when they go on special
  • Look for reduced meats that are close to their expiry dates, and freeze them when you get home
  • Shop at discount grocery stores that have no frills and lower prices

Spend Less Money on Food: Dining Out

If dining out is something you simply can't give up, then you can at least set reasonable limits to help you spend less money on food when you go to restaurants. First, identify whether it's the convenience of dining out or the experience of the cuisine itself that's more important. If it's the food rather than the convenience, then cutting back the frequency of your restaurant visits is the key. Instead of dining out weekly, go to once every two weeks or once a month. You don't have to sacrifice regular visits to your favorite restaurants; you just have to be more judicious about when you go.

On the other hand, if it's the convenience of eating out that draws you to restaurants, try to find ones that offer cheap meals. Use coupons, search for alternatives that may offer better prices and take advantage of special offers. For example, many restaurants have special lunch menus that offer a top-selling dish for a reduced price; visit during lunch hours instead of dinnertime and get the same meal for a lower price.

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