It is very important to save money for your future. There are many ways to save money like baking from scratch, clipping coupons or growing your own vegetables.
These ideas work for those who have the time to do such time consuming tasks. There are still a few ways for working women to keep their food cost down, without spending much time and effort, and maintain their food budget.
Here are few tips which can help you to cut down your food cost:
- Stockpile: Try to buy groceries and other items on sale as it can be the best investment that can be made with your money. If the grocery store has a sale of buy one and get one free, get it and make a 100% return on your investment. For example, if your favourite toothpaste costs $2.50 and you get two tubes for $2.50, then you are making a 100% return on your investment, risk free. You usually won't get these kinds of returns in the bond or stock market, risk free. So, try to take advantage of these sales at the supermarkets and stock up. Stockpile only those things that will be used up before they get spoiled.
- Shop at wholesale shops: Shopping at a wholesale shop can decrease your food cost up to 37% compared to the retail grocery stores prices. Even if you get a chance only once to visit the wholesale shops, get there and stock up the things. If you can buy groceries worth $100 at 37% off for $63, then it is like you are getting a 59% return on your investment as you earn $37 more for your investment.
- Don't waste food: A study on food wastage found that almost $600 of uneaten food are thrown out by the average family, so avoid buying more spoilable food than you can consume. Some ways to avoid food wastage includes:
- Plan your meal requirement in advance so that you can know the quantity of food to be purchased.
- Store the leftovers in the glass containers so that you can see what is left in the fridge.
- Use crock pots to make stews and soups from leftovers.
- Use rewards cards to pay your groceries and restaurant bills: Most of the rewards cards offer 1% or more in merchandise rebates or cash on your total purchase. A survey by the U.S. Department of Labor says that the investment on food by the family of four is $9,478 in 2008. If that amount of $9,478 was paid using rewards card, then the value would be $94.78.