Record-high food prices have been a constant throughout the pandemic. And all signs point to these prices climbing even higher in the next few months. Food is taking a bigger bite of your budget with each trip to the grocery store, and if you don’t act fast to Save More Money, things can go downhill quickly.
Are You in a Tough Financial Spot to Save More Money?
Maybe you’re sneaking cash away from your savings to put food on the table. Or maybe, you’re putting more and more of your bill onto a credit card, and you’re not paying off your balance.
While this might work once or twice, this technique leaves your finances vulnerable to the unexpected. What happens if your furnace breaks down or your tire blows on the highway?
In an emergency, you can search out online personal loans. According to the installment loan experts at MoneyKey, online personal loans act as a safety net, catching you in emergency situations when you’ve maxed out your credit card or used up your savings.
You can research these personal loans online by typing something like this into your browser: online loans near me.
Why Saving More Makes Sense
Personal loans are convenient when you don’t have another way to pay for an unexpected emergency. But you might be able to handle these issues on your own by rebuilding your savings.
Below are some tips to reduce your food costs, so you can spend less on groceries and save more money for emergencies.
1. Meal Plan
Having a plan is the surest way to get your spending on track. You can plan your meals around your store’s sales by picking tasty recipes that utilize cheap and nutritious items. Sticking to this plan can also help you avoid buying expensive snacks or produce that will only go to waste.
2. Learn to Love Leftovers
Do you have a bad habit of letting leftovers go moldy in the fridge? Throwing away food is the equivalent of throwing your hard-earned cash in the trash, so try to be mindful of your leftovers.
If you can’t possibly eat the same thing four times in a row, you have a couple of options.
- Freeze: Try throwing uneaten leftovers in the freezer for a quick, ready-made meal for the future.
- Remake: Try these yummy recipes that turn everyday leftovers into brand-new meals.
3. Go Meat-Free
Meat and dairy are the worst hit by inflation, making them costly additions to your shopping cart. You can save a lot simply by leaving them off your list and replacing them with wallet-friendly legumes.
4. Buy Canned or Frozen
Like meat and dairy, fresh produce is another expensive part of your shopping list. Besides inflation, most fruits and vegetables are out of season if you live in the Northern Hemisphere.
That means they’re more expensive to grow and ship before they go bad. You can skip most of this cost by swapping for canned or frozen alternatives. Not only are they cheaper, but they also take longer to expire, and they’re just as nutritious.
While online personal loans can help with an unexpected emergency expense, these tips can help you with your ongoing grocery bills. Planning how you buy your groceries in advance can help snag some deals. With a little forethought, you can prevent food costs from eating into all your savings and credit.