Category: Budgeting

Easy Ways to Cut Down on Your Food Bill

All of us have to buy food and we often notice when the price goes up. It can take quite a big percentage of our spending and so we might feel that we want to try hard to cut it down. There are some easy ways though that we can do this.

Compare Costs Locally

It is worth comparing the costs of the food that you buy across different retailers. This does not just mean other supermarkets but also look at local butchers, fishmongers, market stalls, etc as you may find that you can shop with them and pay less. It can be great to support local business as well and they may not be as expensive as you might think and could even be cheaper.

Consider What you are Buying

It is worth thinking about whether you can change what you are buying to save money. You may be in the habit of buying the most luxury food items or just buying certain types of food. If you are then you need to consider whether it might be better to try some other things that are cheaper. Even if you are buying certain vegetables or fruits, look at the prices of different types and compare them to see whether you think that you will be able to get cheaper versions. You may find that you can enjoy all sorts of different things and save money this way.

Cut Down on Unnecessary Food

Most of us eat more food than we need to and so simply buying less could be useful for our budget as well as our waistline. For example, we are in the habit of eating snacks, which we did not used to be and so cutting these out could save money. Also cutting back on puddings could also be a good idea as well as these are not necessary. It might feel hard but you will see the benefits in two ways and so it could be really helpful. It can be easier to cut down slowly though, rather than trying it all at once. You will need to make a conscious effort though as once we are in a habit of doing things in a certain way, it is very hard to change without hard work.

Reduce Ready Meals and Processed Items

You will find that processed food makes up most of the supermarket shelves and so it is hard to ignore. However, it can be a lot more expensive than buying basic ingredients and cooking yourself. Of course, it takes time and effort to cook meals, but you could find that you really enjoy it and there is the advantage that you will be able to make meals exactly to your taste with the ingredients that you like the best. They will also be likely to be healthier as you can control the amount of salt, sugar and fat that goes into them. Even if you just cook a couple of meals a week it could be enough to make a difference.

Make a List and Stick to it

It is a good idea to make a shopping list and stick to it This not only will ensure that we buy the things that we have run out f but it means that we will not overbuy other things. This is important because if we buy items that we do not need, then we could end up not eating it before it goes off. This could be because the use by date is too close and we just have too much to eat before then and do not manage it. So, make sure that you are careful to avoid this waste.

How to Pay for Replacement of New Furniture

If you need to get some furniture for your home, whether you are setting up home for the first time or replacing furniture that you have, you will need to think about how you will pay for it. This means that it is important to make sure that you have a think about this before you decide to buy anything. Obviously, you will also need to think about what you can afford before you go shopping and so considering how you will pay all links in with this.

Use Savings

Using savings can be a great way to buy furniture. This is because you will be able to get the furniture really quickly. Unless your money is tied up, you will be able to use it right away and this means that there will be no delay in getting the furniture that you want. If you only want to use savings, you will be limited by how much money you have. If you have lots of money then this may not be a problem, but if you do not then you may not be able to get very much furniture or you may need to shop in cheap places which might not fulfil your needs. You will also miss out on the interest if you spend your savings. This may not be a significant amount, depending on how much interest you get. An instant access account is unlikely to pay a great deal of interest but a notice account, fixed rate bond or something like this could pay a much more significant amount of interest and so it is worth considering this as you may miss out. However, usually, compared with the interest charged on a loan, savings interest is low and you will better off using savings than borrowing but it is worth calculating this to be sure.

Save Up

If you do not have savings or enough money saved, then you could save up. This will mean that you will have to wait for the furniture until you have saved up enough money. This might not be ideal, especially if you do not have any furniture at all or if yours is in really poor condition. However, for some people it could be a good option. It isn’t always easy to save up though. Hopefully you will be motivated because you want the new furniture and therefore will be happy to try different things to enable you to save more. You could try to find ways of earning extra money, spending less, buying cheaper things, selling things you no longer own or other things in order to quickly build up your savings and gain more money.

Loan

You could always borrow the money to buy the furniture. This could be difficult if you have a poor credit record as you may struggle to find a lender. However, most people should be able to get a loan if they want one. It is important though, to make sure that you get the right sort of loan for you. You want to find out how much the loan costs to start with and make sure that you are happy with paying that much extra for the furniture. Then you want to also find out how much you will need to make in repayments. You will normally be expected to repay a certain amount each month and you need to find out how much this will be so that you are able to check and see whether you will be able to afford this. Make sure that you carefully check your previous bank statements so that you can see whether you would normally have enough money or whether you need to cut back so that you can afford the repayments on top of all of your other payments.