With the cost of food on the rise, it’s more important than ever to budget, plan, and only buy what you need, this doesn’t mean cut back on the goodies. It just means you have to be more creative with your weekly shop. Here at Irish consumer, we are going to give some helpful tips, on making the most of your budget.
The key is to treat your household income like a business, it’s important to know your incomings and outgoings, that way you will know how much you can spend, and it will give you control of your finances instead of your finances controlling you.
What food are consumers wasting?
In a recent survey, it was revealed, Irish consumers throw away 30% of un-eaten food. The main culprits of food waste are lettuce, milk, and bread. To avoid food waste, it’s a good idea to keep a food diary for a week, to see how much food is consumed. Another tip would be to have a shopping list prepared before you go out to the supermarket. Stick to the list don’t be tempted by the indulgences at the tills. This is a marketing tactic supermarkets use, to get Irish consumers to spend more money.
Once your list is completed have a budget done, on how much you have to spend. Some weeks you might have to spend a little more for example on toiletries, birthdays, alcohol. This is when you have to do your homework. Do a price comparison in each supermarket, to see what’s on special offer this can be done online.
Plan your meals check your cupboards, you may already have some of the ingredients. Use coupons if you have them, it’s also a good idea to apply for a supermarket club card most of the chains have them, each time you make a purchase you swipe your card and each quarter voucher are rewarded to customers to spend in-store.
Only buy own-brand labels, you will be surprised how good they taste and it’s a fraction of the price of main brand products.
Lidl vegetables, frozen and dairy products, goodies, and Special buy promotions i.e. electrical, digital.
Dunne Stores bread, nappies, and children’s clothing.
M&S birthday gifts and special occasions, luxurious treats, wines, and clothing.
Euro City hair beauty, stationery, and household products.
Here’s a quick list to remember before you shop
- Keep track of the food you eat
- Prepare a list and stick to it
- Don’t buy the offers at tills
- Know how much you can spend
- Do a price comparison in each store
- Check your fridge/ cupboards
- Plan your meals in advance
- Use coupons/ club cards
So with careful planning and a bit of homework, you will get the best of your budget and the fridge will never be empty, within the time you will start to notice significant savings on your shopping.