7 Ways Retirees On A Budget Save Hundred of Dollars on Their Food Bill

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Food expenses take a large chunk out of the household budget. Fortunately, there are many ways to save money on food. Frugal people can save lots of money on their food bills by using these tips.

Retirees who live on a tight budget can save money by using these tips as well. When you live on a fixed income, then your food bill can become the biggest discretionary expense.

Following these seven simple tips can save you hundreds of dollars on your food bills.

Buy Foods in Season

a young couple buying fruits and vegetables in a market on a sunny morning, the young woman carries a basket
Image Credit: Jack Frog/Shutterstock.

Many fruits and vegetables peak in the fall months and are cheaper than produce grown in other regions or stored in warehouses. For example, apples are a great food to purchase in the fall, along with pumpkins, grapes, mushrooms, cauliflower, winter squash, and brussel sprouts.

Learn How to Store Foods Properly

Plate with different fruits on kitchen table.
Image Credit: Pixel-Shot/Shutterstock.

Storing foods properly ensures that they will last long enough for you to use them. Numerous food storage guides are available online that tell you how common foods should be stored for the longest life. You may be surprised to find which foods should be left on the kitchen counter, refrigerated, and stored in airtight containers.

Buy In Bulk

Woodbury, Minnesota - February 27, 2020: A flatbed style shopping cart piled high with bulk food and other items at a Sam's Club store.
Image Credit: melissamn/Shutterstock.

You will generally pay a lower price per unit when buying bulk food items. Only buy what you know you can eat before it expires to avoid wasting more money than you save, and make sure to freeze it or store it properly.

Buy Generics

San Leandro, CA - October 18, 2017: Grocery store shelf with cans of Great Value brand vegetables. Great Value is a Walmart brand product.
Image Credit: Sheila Fitzgerald/Shutterstock.

There is little difference between name-brand foods and their generic counterparts. Try the generic brands your grocery store offers and see how they stack up against the brands you normally buy. Switching to generics can save you 15 percent to 40 percent on the price of the product.

Invest in a Slow Cooker

preparing ahead of time makes hearty slow cooker meals are a favorite for fall and winter cooking.
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For less than $50, you can buy a slow cooker that you can fill with food in the morning to come home to a fully cooked meal after work. You will avoid spending money eating out on the days that you come home tired and can make enough for leftovers later in the week.

Take Advantage of “Kids Eat Free” Promotions

Portrait image of happy Asian child boy eating omelette with rice in the breakfast meal. A child 5 years old.
Image Credit: Waridsara_HappyChildren/Shutterstock.

A wide variety of restaurants offer promotions where kids eat free when the parents pay for their meals. Plan your dining out around these promotions to save money. Use apps and sites like OutToEatWithKids.com to find deals in your city.

Avoid Extras When Dining Out

Beautiful young waitress working in exclusive restaurant.
Image Credit: hedgehog94/Shutterstock.

Extras like appetizers, desserts, and drinks containing alcohol boost the price of your final bill considerably, as they are often the highest-margin items on the menu. Stick to an entree and a basic drink and enjoy the free bread, bread sticks, or chips and salsa if they are offered by the restaurant.

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Image Credit: PeopleImages.com – Yuri A/Shutterstock.

 

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Eminem, Marshall Bruce Mathers III at the 50 Cent Star Ceremony on the Hollywood Walk of Fame on January 30, 2019 in Los Angeles, CA
Image Credit: Kathy Hutchins/Shutterstock.

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