, it was found that the total average household expenditure was £531.30 per week. Of that total, £58.80 was being spent on food and non-alcoholic drinks, and £35.40 was going towards household goods and services.
Food is an essential purchase, but are there ways to reduce the cost of the weekly shop without sacrificing taste and variety, or restricting portions? Let’s find out, by taking a look at some tips for cutting costs and ways to plan your shop around your meals.
How does the weekly shop fit into your budget?
If you work out how much you need to spend on your main outgoings, such as bills and rent payments, you will then be able to work out how much you have left over for food and other purchases.
Money Dashboard’s personal finance assistant can help you keep track of this. Use the budget planner to calculate how much cash you have at your disposal for each category of spending. Once you know how much you
to spend. If you want to buy fancier food, or brand names, and it’s within your means, then you can.
If you’re trying to save, and want to keep costs as low as possible, make sure you know how much you have available to spend to also be able to put some money aside. Always consider your needs, and remember that budgeting is important.
Great ways to cut the cost of your total bill
The Importance of Meal-Planning
Remember to think about how much time you have for preparing and cooking food – your lifestyle and schedule should influence your spending.
It turns out you can enjoy your favourite meals, plus treats, at a reduced cost. All it takes is simple budgeting, planning ahead, and learning some super smart shopping practices.
