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How to Eat Well Without Overspending

By
Real Estate Agent
With living costs rising at a seemingly constant rate, simple, everyday expenses are getting more and more difficult to accommodate, and many people are finding their budgets getting tighter than ever. While there are plenty of areas people can trim their budgets, such as spending on entertainment or shoe shopping, the rising costs of necessary items like food and gasoline make it harder and harder for people to cut enough spending elsewhere in their budgets to accommodate the increased expense of these everyday necessities. And despite the need, it's simply unrealistic to eliminate all extraneous spending in order to make room for the ever-increasing expense of groceries and gasoline.

Thankfully, with a little budgetary reorganization, some planning, and a dash of creativity, you can maximize your food budget to make sure you get the best value for your dollar. Here are a few tips to help you spend wisely at the grocery store, and stretch your food budget as far as possible.

Plan ahead
All too often, people approach grocery shopping with an impulse-buy mentality. "I'll just go see what's on sale," is an extremely ineffective approach to grocery shopping. Sit down with a cookbook and plan your meals at least a week in advance. Scheduling meals out in advance will allow you to maximize your food spending, as you can organize meals by primary ingredients, using them from one day to the next. Also, planning ahead will help you avoid impulse buys when you get to the store. Make a list and stick to it.

Buy in bulk
The larger quantities you're able to buy, the more you'll save. While memberships at wholesale discount clubs aren't cheap, they pay for themselves almost immediately in big savings. Buying items like individually packaged frozen meats, toilet paper, paper towels, laundry detergent, etc., is significantly more cost effective than buying these items in smaller amounts at your local grocery.

Keep it simple
Sticking to simple, basic ingredients is a great way to save at the grocery store. Creative recipes and exotic spices can make even the simplest items (chicken breasts, for example) a culinary treat. So skip the fillet and get creative with your recipes. You'll still eat well, and your budget will go much farther.

Be prudent with produce
While buying in bulk is great for some items, it's rarely wise when it comes to produce and other perishables. Less is more when it comes to items that have a shorter shelf life. When buying produce, only buy what you're certain you'll use. This will help you avoid unnecessary waste, and will help you save money.

Keep it close to home
Eating out is one of the fastest ways to blow through your food budget. Between overprices meals, drinks, tax, and tip, it's extremely difficult to get enough value in a meal out to justify it over eating in. Sure, there's more work involved in cooking for yourself, but it's significantly more cost effective. Save eating out for special occasions only, and you'll find your food budget will go much farther.

Escapeso Realty is a small real estate company assisting buyers looking for Austin homes. Their site provides a search of the Austin MLS and information on mortgage interest rates.

Comments(2)

Jim Frimmer
HomeSmart Realty West - San Diego, CA
Realtor & CDPE, Mission Valley specialist

I used to eat out all the time because I simply don't like to cook. However, I never had any money to do anything. Then I met my partner, who loves to cook and always had money to go out and do things—the Zoo, the Aquarium, travel, etc. I was 38 when I met him and had only been to five counties in Southern California. He took over our finances, and I've now been to 41 of the 50 states.

Aug 27, 2008 08:26 PM
Pat Whitehouse
RE/MAX 1st Olympic Lynchburg Va - Lynchburg, VA
Broker/Owner

Great post. Convenience foods are a lot of what people spend their money on for food and the quality isn't nearly as good and it's more expensive than if you actually take the time to plan a menu and cook it at home. We all have the same 24 hrs in a day. It's how we spend that time that makes the difference. I enjoy a home cooked meal much more than I do eating out and I know what my kitchen looks like and know the chef a whole lot better than any restaurant I could ever eat at even the frozen foods chefs

Aug 29, 2008 02:47 AM