Money tips

How to reduce your food and grocery bill


5 min read

Money tips

How to reduce your food and grocery bill

5 min read

We’re all eating more home-cooked meals at the moment, which can mean higher grocery bills and fridges full of things we don’t need. Supermarket impulse buys (on top of a cheeky takeaway every week) can add some serious bloat to our food spending – which isn’t ideal when money is tight for many of us.

Australian households spend on average $160 a week on groceries. But parents, savers, and savvy shoppers of all stripes can drop these extra dollars with good spending habits.

Plan ahead with your meal prep

Planning your meals in advance is one of the best ways to get greater control of your food spending. Knowing what your meals will be week-to-week can save you from doing multiple shops and buying unnecessary items. To put a dent in your weekly food spend, plan ahead and swap your home-delivered lunch with something you whip up yourself.

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Shop the catalogue to avoid impulse buying

Shop with purpose and say goodbye to spontaneous spending by shopping the catalogue. Regularly flipping through the Woolworths and Coles catalogues lets you know what’s on sale. You never know – you could snag a premium product that may normally be outside of your budget at a bargain price! By shopping the catalogue, you’ll rock up to the supermarket with a definitive list and an estimated budget too.

Organise your pantry and fridge

If your fridge is looking full, organise it so everything is visible. This way, you’ll avoid doubling up on items or having something spoil before you use it. Don’t forget the pantry! Label items and put them in proper storage containers. Use this time to get to know your pantry inside-out!

Turn your leftovers into fresh meals

Leftover bolognese from last night? Turn it into shepherd’s pie! Too much roast veg for dinner? Put it into a salad! We may be stuck at home for a while, but who says we can’t have a little variety? By getting frugal with your leftovers, you can stretch your food budget while reducing waste!

Keep your freezer stacked with pre-cooked meals

Busy days with the kids or long hours hunched over your laptop can leave you browsing the food delivery apps. A Suncorp Bank report shows that Aussies spend, on average, a whopping $65 dollars a week on food delivery, eating out and takeaway. Simply having food in the freezer ready to go can be an easy way to spend less. Plan ahead by cooking larger portions, and stick a couple of containers in the freezer before you start eating.

Consider cheaper cuts of meat

Meat can be pretty costly, especially if you buy it regularly. But there are ways to enjoy this Aussie staple without bruising that budget. Consider cooking dishes that use cheaper cuts of meat. Dishes like beef brisket and chicken drumsticks are affordable and super tasty!

Cook simple

When you’re flipping through recipes for dinner, look for ones that only use ingredients you already have at home rather than hard-to-find items. These specialised ingredients can wind up at the back of the spice drawer or vegetable crisper, barely touched before they go out of date. If you do want more specialised ingredients, consider whether they can be used in different dishes, rather than just that one-off meal.

Plan your grocery budget too

Suncorp Bank’s Everyday Options Account gives you the flexibility to create up to 9 sub-accounts within your account, which you can name for specific goals or purposes. This can be useful for separating your money into smaller piles so you can put it towards different expenses, like your groceries or bills. Plus, there are no account keeping fees and heaps of other great benefits.

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Published 6 April 2022

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The information is intended to be of a general nature only and any advice has been prepared without taking into account your particular objectives, financial situations or needs, so you should consider whether it is appropriate for you before acting on it. We do not accept any legal responsibility for any loss incurred as a result of reliance upon it – please make your own enquiries.

Deposit products issued by Suncorp-Metway Ltd ABN 66 010 831 722 (“Suncorp Bank”). Terms and fees apply. Read the relevant Product Information Document and Terms & Conditions before making any decisions about this product. Any advice does not take into account your particular objectives, financial situations or needs, so you should consider whether it is appropriate for you before acting on it.