What I Can Teach You About Finances

September 3, 2017

Miscellaneous

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Guide to Saving Money on Food Items

IT is quite difficult for families with many members to be able to have savings. Sometimes it takes tightening of the budget and cutting back on certain things in order to give the best for your family. Although this can be difficult on your part, it is not impossible to do. A large chunk of every family’s budget goes to food and groceries. Most families spend a big amount of money in grocery shopping. Below are some tips in grocery shopping that can help you save money.

If you are going to cook meals, you can find recipes that need only a few ingredients, or you can also make substitutes for expensive ingredients in the recipe that you can buy for a cheaper amount. Lessening of the meat in your recipe is another way to save. Or, instead of putting all the meat, you can replace a third of the meat with vegetables. With vegetables you save money on meat, and you are giving your family something that is more healthy. There are no rules that says you cannot change an ingredient in a recipe. For example, dry herbs can be used instead of fresh herbs in a recipe and it will not make a big difference in results.

Processed food should not be bought. This type of food looks cheaper, but in the long run, it is much more expensive. There are many kinds of ingredients that can be used in many kinds of meals and snacks. With this practice you can save a considerable amount of money.

Freeze food if there are too many. This frozen food can be used for the coming meals. Just make sure that you know what kinds of foods can be frozen and what cannot.

Special offers should be avoided. It is just a feeling that we get value from what we have purchased. However, this is only amazing value if you actually need the item. You don’t save on this because you will be buying extra items not in your budget. An example for this is buying a packet of cooking because it is buy one, take one, but you don’t usually buy cookies. With this purchase you are not saving any money.

If there are foods in season, these are the best. You get much better quality for your cash. Fresh vegetables and fruits that are in season tastes a lot better. Eating fruits out of season is not the same as eating the same fruit in its season. You will easily tell the difference if you try them.

If you are unsuccessful trying to save on grocery shopping, try saving on other items on your budget. IF you use an EIC calculator, you can know if you are entitles to tax credits. Earned income credit is an income tax refund to families categorized as ‘low income individuals.