With grocery prices increasing in 2023, you may be looking to trim down your monthly household expenses. A recent study conducted by Dalhousie University predicts food prices to rise by 5-7% by the end of the year. Researchers say that an average family of four will need to spend about $16,288 on food in 2023 alone – an increase of over $1000 the year prior. For households of two, the cost of food might reach up to $7,711 this year.
That might look scary on paper, but fear not! It doesn’t mean you’ll have to eat canned beans at every meal. Carving out a little extra time and getting into a few of these simple routines can significantly reduce your bill without having to sacrifice on your favourite meals and snacks.
Make a Grocery List
Take 10-15 minutes before you head to the grocery store to plan out your meals for the week. That way, you can maximize your use of ingredients while avoiding impulse purchases.
Make Snacks at Home
Make your own snacks, as travel-sized snacks can be pricey! Bake a big batch of your own trail mix, caramel corn or even granola. It’s easy, fun and you’ll be amazed at how much it will save.
Opt for Potatoes
Potatoes are typically one of the more affordable vegetables in grocery stores. They make perfect meal-prep sides and offer a wide variety of usages. Need us remind you that potatoes make fries?
Make Your Own Dressing
Make the easy stuff yourself. It’s hard to beat the convenience of pre-made salad dressing or pasta sauce, but making your own has an important benefit beyond the savings: it allows you to control the ingredients, avoiding unnecessary sugar, sodium and preservatives.
Use an Egg Replacement
If you haven’t noticed, there’s been a lot of buzz around egg shortages and price increases. While we’re a big fan of using eggs, we’re not opposed to the equally as efficient egg replacements! Sparkling water, flax seeds and even bananas make substitutes for any recipe.
Grow Your Own Herbs and Veggies
Whether you have a big yard or a little balcony, try planting some herbs and veggies. Grow carrots, rosemary, parsley, beets, you name it! All from the comfort of your own home. Trading with your friends home gardens is also an option too if you’re looking to save a few extra dollars.
Sometimes when you’re cooking you make too much, or you’re so full on delicious goodness you can’t finish your meal – it happens! But don’t be so quick to throw away what you couldn’t finish. Eating leftovers is a great way to save some coin, especially when you’re tempted to order in the next day.
Make your dinner nights easier by meal prepping on Sundays! Imagine the amount of time and money you could save by working ahead and buying in bulk.
Stick to No Name Brands
Sometimes to get the real deal, giving a generic brand a chance might be the difference between you and saving a few extra dollars. From bacon to cheese, more often than not, you won’t even be able to tell the difference, except in your wallet.