Financial Education, For Beginners

Save Money On Food To Start Your Online Business

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When it comes to starting an online business or making an investment in that business, most people have problems as they lack funds. The truth is that smart management of your finances can easily help you to get extra funds and even get the money that you need in order to start your very own online business. I already offered a method for smokers since when you quit smoking you save a lot of money but we can easily take it one step further with some savings many do not know exist.

What you spend on food depends on your current budget and on what you want to eat. Savings depend on many things but you can even go as high as hundreds of dollars per year. If your shopping habits are really bad, you can even save over $100 per month. That is more than enough money to start a blog/site or invest in some equipment for you to make more money, whatever you want.

Keep in mind that there are always many things that you can do in order to save money on food. I will just offer some really simple things that you can do.

Smart Shopping To Stop Impulse Buys

One of the biggest problems with shopping for food is that once you are at the store, you will be tempted. You need to be smart and plan ahead. Create a shopping list and STICK TO IT! This is the easiest thing that you can do.

Small purchases lead to really big money. Let’s say you pay $5 for a box of something that you do not really need every week. This means $20 per week. You have your start web hosting costs covered right here.

Impulse buys are quite tough to avoid. Scheduling shopping is something that helps. However, sticking to the list is the tough part. This is what you will have some problems with.

Buy Generic Brands

Every single cent counts and adds up to dollars, hundreds of dollars per year. Buying store brands as opposed to the pricier brands is something that can give you that. You should be aware of the fact that food manufacturers do follow a strict set of standards.

What is interesting is that there are many grocery companies that will buy national brand products that are made based on specifications. After that, they slap on the label. Because of this, you are faced with much higher prices than the product is worth.

Generic brands are not bad. Look at the ingredients list. Learn what to buy and find simple versions of the favorite foods you have. As an example, buying simple flaked cereals instead of the fancy cereals can help save a lot of money on the long run.

Coupon Codes – The Mecca Of Grocery Shopping

There are dozens of sites that offer coupons. There are apps that give you coupons. You can even find coupons online. USE THEM!

The only problem with the coupons is that you will need to go through many publications in order to identify a really good deal. Use the internet in order to find all that you need in a shorter period of time. Just use the word “coupons” after. As an example, search for “BRAND NAME cereals coupons”.

Use Leftovers

Most of us throw away our leftovers. A lot of food is thrown away every single week. Why do that since we can so easily use those leftovers to cook more? There are hundreds of different websites and blogs that give you recipes that use leftovers of different kinds. Many apps exist online that help you to just add the ingredients you have and receive lists of recipes that you can cook. That helps you to save money as you do not throw your food away.

Setting Limits

Weekly shopping limits are really important. Let’s say you have $500 that you can spend every single month on food. You need to set this limit and do not go over, not matter how many times you shop for food each week. Sticking to the limits will be tough at first but you will get used to it.

Smart Spice Shopping

When cooking, spices count! They add flavor and they make everything better. If you love food that is flavorful (we all do, right?) you will want to buy the best spices. However, this is not always necessary. You can so easily go for the stores that have spices available in bulk. Per ounce price is normally lower. Also, you can buy just a small amount, the amount you need for a dish. Wastes are practically eliminated.

Buy Food Online

This can help you to save so much money, much more than I initially imagined. I have a confession to make:

“I only cook one day per week!”

The rest is ordered online. After doing the math, I quickly figured out the fact that there are many online sites that ship to my destination and that have great food at a price that is lower than how much I would spend if I would buy everything and cook. I also do not waste any time.

Do The Math! How Much Can You Save?

Try to calculate everything! You will quickly figure out the fact that there are many money saving opportunities as you shop for food. How much can you save? The most I saved on food during one month was around $300. With that money I can easily:

  • Invest $100
  • Pay $20 for top of the line hosting
  • Pay $80 for site content
  • Use $100 to buy something for myself

So, how much can you save? Do the math!

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