I’m something of an online money making expert, however, one area where I can always improve is not spending money so frequently and avoiding overspending. Recently I have been working harder to save money and make the most of the money that I earn. This has meant that we have more available cash for our life without having to work more.
Being careful with money can sometimes be seen as being ‘tight’ or ‘scrimping’ but knowing what areas of life you can cut back on is a great way to increase your available cash without having to work harder. Being smarter with money can help your family budget and free up more money for fun, savings or building an emergency fund.
These are my top tips to avoid overspending on groceries:
Set a budget
Be realistic. Look back on your last few months bank statements and see how much money you have been spending. Initially stick to a budget just slightly lower than the weekly or monthly average and set yourself goals to reduce your spend by 2% a week or 10% a month for at least 2 or 3 months. If you can avoid using your whole budget you can rollover the extra for weeks where you want to make bulk purchases. You can also consider saving the money leftover from your budget ready for Christmas or other times of the year where you typically spend more on groceries, such as Easter.
Add up purchases as you shop
Add up your purchases as you make your way around the store. This will help you to stay on budget and also make it easier to persuade yourself that you really don’t need those extra fresh bakery items! If you don’t like the idea of using a calculator, or a calculator app on your mobile phone, then consider going to a store where you can scan your groceries as you shop. Many Tesco stores now have this facility and it also speeds up your checkout too to help you save time as well as money.
Check the price per 100ml or 100g
This is a great idea, especially on items that you buy and use regularly. Often buying a larger packet of a product is seen as the best value, however, not all sizes will be on promotion at any one time. This is why it is a great idea to check the price per 100g or 100ml. You could make considerable savings and you don’t always need to buy in bulk to do so.
Use Approved Food
You can save up to 70% by using Approved Food. I ordered a shop recently and even with a couple of items that were almost full price I still saved 60% on my shop!
Meal plan & make a shopping list
I’m a huge fan of meal planning. I love to meal plan with mince and you can read my top meal planning tips if you need some inspiration. I have been using a Busy B meal planner for a good few weeks now and have found it fantastic. Every Sunday I sit down and plan my meals for the week. I aim to cook slow cooker dinners on busy days and we have been having one Fakeaway style meal per week. When I plan meals for the week I also write a list of any items that we need at shopping. The planner that I am using has a shopping list part that you can rip out and take to the supermarket, which is very handy.
Consider switching brands
This is quite a well known tip and one that I’ve read time and time again. The reason it is so well publicised is that it really works! Often products will be made for multiple brands and even made in the same factories. Ingredients may vary slightly, based on the cost of the product, however, it is often a very minimal difference. You can save 30-40% on your shopping, easily, by switching down in brands. I’m not talking about swapping 5% mince for 20% mince but if you buy tinned tomatoes why spend £1 when you can buy value ones for 33% that are almost as good! Some items you may find that the better brands are for you but you may be surprised what items you can get away with paying considerably less for. Items that I regularly buy in value form including stock cubes, tinned tomatoes, chickpeas, kidney beans, flour and passata. The difference is minimal and if you cook from scratch regularly you’ll save a small fortune over the year.
Cut back on the ‘treats’
It is nice when shopping to treat yourself to a fresh cake from the bakery or maybe a box of doughnuts but do you really need them? If you’re trying to cut back for health, or just to save money, why not consider baking some treats yourself. Most recipes can be adapted to make them healthier and you can even freeze items, such as flapjacks, to enjoy in moderation rather than eating a whole box just because they are there!
Look for sales
Most supermarkets have other areas now that sell seasonal goods, electrical items and clothes. I like to try and browse the clothing area at least once a month. So far I have bought my daughter clothing in sizes 6-9 months and 9-12 months for around 25% of their normal price. I wouldn’t always have paid full price for the items, however, 75% off is fantastic and I’ve been able to buy clothes and put them up for the future in a couple of boxes in my wardrobe. This is helping me spread the cost of new clothes every few months and also save money in the process.
I hope that you’ve found my tips on how to avoid overspending helpful. I have been implementing these tips in the last few months and now have more disposable income. Being able to make your money work harder is always smart, however, if you do want to make more money from your home then check out my favourite websites. I work from home full-time and I make a nice amount of money from a variety of different websites. I still enjoy making my money work harder though and getting good value where possible.