Frugal Advice: Cutting Back On Your Food Budget
Most individuals flinch if they overhear the expression of frugality, as it urges a notion of hoarding a free packets seasonings and avoiding to spend a single penny on anything.
You must have read about frugality as a means in becoming debt-free. In this article, we will tackle on several ways which involves frugality on your food budget as a means to spare some money for facing your debt problems. Moreover, it is important to understand that frugal lifestyle does not entail being overly thrift in everything. It simply pinpoints being cautious on your spending to focus on saving money to attain your goals.
Frugality Over Food
In terms of food , your main goal should be ensuring a healthy and delicious treat for your family. Healthy meals that can be bought outside might be a convenient option, yet there several better options than this.
Though each of us has distinct preferences when it comes to what we usually eat, frugality on your food budget can be considered in several areas which are as follows.
Cheaper Ingredients
Perhaps, you’re someone who likely prefer buying ingredients with big names and labels. From your choices of oils, condiments and other ingredients, considering no-name brands might be far cheaper for you. As you don’t want to cut on what you normally eat or prepare, considering this strategy can help you spare an extra money.
However, in taking this into account, you must also be cautious in buying off brand ingredients. Although some might be similarly good or even better as their counterparts, they might be less restricted in considering your health needs. Some may be loaded with preservatives or components that may not be desirable to your health. Hence, you must determine when to cut back on your choices and when not to.
Skip the Wants
Most people have certain items that they deemed as staples, which are actually non-essential to our health. For instance, expensive cheeses or top-shelf items that can tremendously take out a huge portion of your food budget. Well, you might consider it as your staple food, yet carefully scrutinizing your budget can lead you to cut back on what you want. This goes back to determine where to cut back in your budget. By doing so, you can distinguish the things that you can eliminate or reduced as well as the things you can live without.
Grab The Needs On Sale
Another way to exercise frugality on your food budget is to buy what is on sale. Moreover, it is a must you keep a list of what you need before going into shopping to avoid buying what is not necessary. Besides, buying stuff that is on sale does not mean getting those that are needed. It implies taking advantage of the essential stuff that is currently on sale.
Moreover, it may also require creativity on how you can come up with a good meal through the items on sale. In fact, if you’re unfamiliar with some of the meats on sale or vegetables, it’s a matter of looking into tutorials or researching how you can cook delicious and healthy meals through it. Sometimes, it takes just a sprinkle of creativity to cook a classic meal from cheaper ingredients.
How a Slow Cooker Can Help
In this fast phased era, most people tend to favor take out or fast food especially when concerned with time. However, seldom we realized that there is a solution to this circumstance. With the right attitude and strategic way of scheduling, it would be feasible for you to cook meals via a slow cooker.
In fact, it can even save you spare food as you get to prepare in large portions. Besides, it can even be tastier rather than cooking it the other way. The key is just the right recipe with an added passion to prepare for the family.
Growing Over Buying
Your limited space is not an excuse for you to grow something rather than buying it. There are certain ingredients that you can actually grow yourself which eve do not require a large space.
For instance, you can grow tomatoes, spring onions, chili, parsley and may more in a pot or even in a hanging container. What you really need is to explore the means on how to do it. In fact, there are a lot of people who have been doing this. Besides, you can actually Google or watch in YouTube if you’re unfamiliar how to carry it out.
Buying Necessities in Bulk
In instances wherein non-perishable goods are on sale, you might consider saving such for later. By doing so, you can save some money rather than buying it full price. Though it may take planning and spaces for storage, considering this advice is worth it.
Conversely, you must also be vigilant in being aware of the things that your overspending without knowing as you might end up hoarding and putting it into waste.
Right Strategy is The Key
Most people shop without strategic intervention. Food is one of our basic needs; hence, putting focus on how to cut back on your food budget is one way to attain a feasible budget. Moreover, it can lead you to find creative means in preparing your meals without sacrificing your health benefits and without reaping your pockets.
CONSUMER PROPOSAL EXAMPLE
Example Unsecured Debts
1 | Personal loan | $8,000 |
2 | Credit card 1 | $6,812 |
3 | Property Tax | $4,092 |
4 | Tax Debts | $5,399 |
4 | Overpayments | $5,200 |
4 | Overdraft | $700 |
Total Owed | $30,204 |
Your Monthly Repayments Would Be
a Consumer proposal $748
(total contractual repayments)
a Consumer proposal $295
(total contractual repayments)
60%
* Subject to creditor acceptance
* Payment subject to individual circumstances
* Credit rating may be affected
* Fees apply, subject to individual's circumstances.