How to cut down on your food spend
Whether you’re trying to save up for a smaller purchase like a new outfit, or a larger one like a car, there’s one thing we could all cut back on – food. Food is one of the most common things that we spend more than we need to on. We’re not just talking about weekly groceries though. Eating out, ordering in or just indulging too much on filling our stomachs could be stopping us from hitting our financial goals. If we took little steps to cut back, we could start looking forward to a holiday or a house deposit. Here’s a few ways you could stop spending so much on food.
Stop buying your work lunch
It’s so easy to pick up a £3.50 meal deal in city centers like Manchester. £3 for a sandwich, snack and a drink sounds like a real bargain. However, if you bought one every single working day, that’s over £900 in one year. We recommend making your food at home. You can save money by buying cheaper ingredients and you can be as healthy or as unhealthy as you want. You could even double up on whatever you had for dinner and take it to work with you the next day.
Cut down on takeaways
Did you know that the average person spends over £1000 on takeaways? Yes, they seem like a nice treat, especially if you’ve had an extra hard week, but imagine how much further that £1000 could go if you put it towards your financial goal. There are plenty of simple recipes out there which tastes even better than a takeaway and will cost a fraction of the price.
Save some coupons
If you’ve got a Tesco or other major supermarket savings card then you’ll get sent coupons in the post. Make sure you don’t just leave them stuck to the fridge, there’s money to be saved. If you do a bit of Googling you’ll be able to find plenty of coupons online too.
If you’re struggling to save up for an end of the month treat, why not have a look at our selection of payday loans? Simply use our online form to begin and Loan Bird will take care of the rest.