save money on your grocery

Saving money on your weekly grocery

Budget of weekly grocery might be way too expensive for most of the families. But, if you have a look around then you might reduce your weekly grocery budget by 20% less.

1. Make a list, budget

Plan your grocery shopping and get everything on the list and then add in extras if money left. I always calculate when I do grocery shopping and  never been wrong.

2. Buy in bulk

This will help to save a lot and I must say buying bulk is always best option.

2kg washing powder will last forever. And remember use by date doesn’t mean use by/best by but what the company will say is safe. Most of the time Woolworths, Coles offers different promotion which makes bulk buying more affordable.

3. Buy sale product

Coles, Woolworths normally promote the products the with unto 50% discount. I have never paid full price for laundry powder, always bought in 50% price reduction from Coles, Australia. If you can buy the laundry in 50% off then why should you pay more.

4. Toilet Roll

I always buy the toilet roll Quilton from Coles which cost me $10 for 3 Ply White Toilet Paper 20 pack whereas if I go Woolworths it will cost me $12. I can straight way save $2 if I buy from Coles.

How to save money?

how to save money

If you are struggling to save money for your holidays or for your mortgage, then this post will help you to save money.

1. Set goals.

Setting goals is a habit for people, and it should become a habit for you too. Studies have shown that just by having a goal for something it brings you closer to that goal versus not having any goal at all. This will help to encourage you as you move forward toward your financial goals.

Also, write down your financial goals, and put them in an obvious place so you see them often – such as on the refrigerator or next to a door you walk through frequently. Always try to meet the goal and walk towards it.

2. Budget.

Making a budget for each spending on utility bills and grocery will help you to be under your budget. At this point, a traditional budget strategy may not be suited for you. But don’t miss blowing your budget, either.

  • Crunch the numbers realistically: Set a reasonable amount aside for each of your expenses such as electricity bill, mortgage, water bill, insurance etc. Maybe you plan to eat for $25 a month by taking on some extreme measures. In reality, they’re probably not going to work. Don’t set yourself up for failure.
  • Cutting out all extra activities and the fun:It’s important to give yourself some breathing room. You may have to limit it to 50 dollars a month if your budget is really tight.

The amount of breathing room will depend on your situation. But it should only be enough to keep you from blowing your budget. Set aside an appropriate, but modest, amount.

If you have any debt to be paid, then you need to workout your debt repayment strategy, allocate an amount toward each debt. Calculate how long it will take to eliminate each one, with your budget in place.

3. Slash excess spending.

Every so often, it’s a good idea to track your purchasing history to see where your money is going. An easy way to do this is by writing down on excel spreadsheet or simply using budget apps like Mint.com or BillGuard.com.  After you see where your money is going, you can make adjustments where necessary. Do you really need to buy that new iPhone or Android device ever time a new one comes out? If it is working fine, then you might just use the same old phone.

4. Cut monthly bills.

Monthly expenses can bite us if we aren’t careful. Take a look at your needs—you may find you can save a lot there, particularly on your utility bills. For example, reduce the usage of electronic clothes dryer, use downlight in your house to reduce the electricity bill.

5. Switch up your grocery routine.

There is no doubt that spending in the grocery category of your budget can vary a TON from household to household. I’ve read about people who spend anywhere from $70 to $1,500 – for just two adults. One of the easiest ways to save money is to only shop when you have a list. Because when you’re without one, you typically end up making impulse buys and unplanned purchases – all things that cost money.

But the good news is, even if you have trouble spending in the grocery category, this is one place where you can save a ton! It just requires a little extra time, a few sacrifices, and some practice.