As I mentioned in my living on $10 a day post, how much you spend on food can vary dramatically. Here are some of the ways I save on food without turning to ramen, beans and water, etc.
Use Your Freezer – Just because you can’t finish an entire loaf of bread by yourself before it starts sprouting green fuzz doesn’t mean you have to waste bread every week. Freeze half of each loaf you buy; a couple of slices defrost quickly in the microwave. Try toasting them if they get soggy.
Cook for the Week – Throwing together one course salads or casseroles can provide several dinners and lunches for one person. Investing a few dollars in some plastic containers will save you hundreds over time if you eat all your leftovers before buying more food.
Embrace Cheap Staples – Eggs and beans are good sources of protein that cost substantially less than meat. Build more meals around these staples.
Buy Produce Locally – It is tempting to sacrifice the quality of your diet to save a few bucks. True, processed foods tend to be cheaper than whole grains and vegetables, but the health consequences are scary. Whenever possible, shop for produce at local farmer’s markets or stands. Not only is the produce fresher, but you will save because you are eliminating the grocery store’s mark-ups.
Eat Ethnically – Many recipes from other parts of the world are tasty and filling yet inexpensive. Indian curry dishes, Asian stir fries, and Mexican burritos are great examples of satisfying dishes that won’t break the bank.
Do It Yourself – As a rule, the more you cook yourself, the more you can save. Pancakes, breads, and sauces are all examples of items to whip up and freeze for later consumption.
To take the most advantage of these tips, make sure “Don’t dine out, stupid!” is already your mantra and that you’re taking full advantage of coupons and other savings programs at your grocery store!
Earn and save more with our free course:
What would you do with more money in your bank account? Join over 15,537 other young professionals receiving our best money hacks to get out of debt by 30, increase your income (starting this year) and invest for financial freedom.
100% free! I will NOT spam you and I will NOT share your email.