How to Save Money on Food - Dave's Wallet

How to Save Money on Food


The average American household spends about 6% of their total income on food every year. This equals to about $250 per month if you do not spend lavishly on food.

Food is a necessity but if you plan right you can save money on it.

Let’s have a look at some tips on how to save money on food:

1. Stick to a Budget

When we talk about food expenditure, we should also consider eating out. A lot of people go crazy when they go out to eat. Hence, it is important to include such visits in your budget.

2. Use the Envelope System

This tried and tested trick ensures you never spend more than what you intended to.

The trick is simple – take an envelope, put an amount in it, and only carry the envelope when you go out to eat out or buy groceries.

3. Only Buy What You Need

Do not stock food just because it’s cheap. Most food items perish very quickly. Stocking will only result in a waste of money.

4. Use Leftovers Wisely

Waste no food. Use your culinary skills to use yesterday’s food creatively. For example, you can use leftover chicken to make your own tacos or soup.

5. Grow Your Own Food

About one-third of American households grow food. While it requires a bit of care and initial investment, it can still be a good idea to grow your own food due to the benefits it offers. You will not only get ‘free food’ but it will also be organic, hence healthier.

Follow these simple tips and save money.