Food is usually the third largest regular expense for people, however there are ways to reduce this without having to live solely on rice and beans:
There’s nothing wrong with the occasional restaurant meal or takeaway, but you are paying a high price for that convenience.
I’ve already talked about how just one coffee a day adds up to £250,000 over 40 years – with restaurant and takeaway food that figure can become much higher without people even realising.
Avoid/reduce prepared products
When shopping, you can actually produce the same thing through preparing it yourself and usually fairly quickly too. Buying the ingredients separately can result in a much lower cost, and also likely a better quality as preservatives won’t be required.
A great example of this, even with simple products, is when I switched from pre-prepared vegetables to home-prepared. I had thought that the pre-prepared products were quite cheap and a good choice, until I bought them separately. Not being sure of weights, I just bought the same amount in money – and instead of one week’s food I ended up with enough for maybe a month! I had big carrier bags of vegetables delivered for the same cost as a few small individual bags.
Vegetables are cheaper than meat and can be quite nutritious.
For example, broccoli costs around £1.50 per kilo whereas steak costs £20 per kilo. Even though there is 1/4 the protein in broccoli, for the same amount of protein it is 30% of the cost of steak per kilo. Broccoli also has more vitamin C than oranges, and actually 40% of the calcium that milk does by weight.
However, while they have many benefits lots of vegetables aren’t for everyone.