Putting your diet on a budget
When you need to cut back on expenses, the usual financial advice focuses on slashing your entertainment fund, cancelling subscriptions like Spotify Premium, investing in energy-efficient lightbulbs, or other tricks. No one ever tells you about all the money you’re wasting on food.
Because eating is pretty much a basic necessity, people don’t think it’s a place where they can save – but that’s far from true. Global food loss and waste amounts to between one-third and one-half of all food produced… a staggering figure. “Without a set budget, it can be easy to look at your bank account at the end of the week and wonder how you spent hundreds on one-off trips to the grocery store or spontaneous pizza orders,” says Justin Bailey, co-founder of Vimvest, a financial planning app. Read on to discover the kitchen habits that are unknowingly draining your bank account, and how staunch the flow.
Your Uber Eats addiction
Everyone has days when they don’t feel like making dinner, but this may help you get in the cooking spirit: According to an analysis done by Forbes last year, ordering out could be costing you five times as much as cooking the same meal at home. Even delivery kits that supply ingredients for you to assemble into a meal are around three times as expensive as shopping and cooking yourself.
Save time in the kitchen with these 24 brilliant kitchen shortcuts you’ll wish you knew sooner.
“I’ve learned that saving money in the kitchen is not about what you buy, but more how you buy it,” says Bailey. “Instead of buying something that is already chopped and in sealed off containers, buy the whole vegetable. These purchases tend to be cheaper and provide you with more of the item to work with.” Chop and slice enough for the week on a Sunday night and you won’t even be out much time.
Here are some more fantastic money hacks to save you a fortune off your next grocery bill.