buying grocery

Revamp Your Grocery Budget during COVID 19

Since the outbreak of the pandemic, you may be spending less money on salons, entertainment, takeaways, and restaurant meals, but there is one thing you will be struggling to put a cap on, and that is groceries. You will be making more meals because your favorite restaurants are closed. You will be stocking up on essential items to restrict your visits to dairies and grocery stores.

Since the threat of COVID19 is rising day by day, you cannot expect that life will be soon back to normal. Most of the people are unemployed, and some are working with a pay cut. Therefore, additional spending can be stressful. You do not know how long the threat of COVID19 is going to lurk over your head like a black cloud. Therefore you should be careful with your spending.

Here is what you need to do to revamp your grocery budget:

Create a bare-bones budget

To save your money as much as possible, it is good to know where your money is going. Create a bare-bones budget that will have a record of all the necessities. It will help you understand how much money you need and how much you are spending.

Without a bare-bone budget, it is not possible to spend within your means. During the lockdown, you may not be paying for your child’s daycare, nor will you paying debt repayments and hence you can use that money to fill the gap for your groceries.

However, experts say that you should set aside money for your debt repayments because a moratorium period can put off the repayments but cannot free you from the debt obligation. You can also save money by choosing a cheaper brand. This is a difficult time. You should think about your financial situation instead of brands you usually consume.

Make a sensible purchase

Making a budget is not enough to cut back on your overspending. As you know that you cannot step out of your home regularly, you will have to stockpile goods. You should be cognizant of buying goods that last long. Make a list of items that have a long shelf life. Canned goods, pasta, rice and other staples have an excellent shelf life. There is nothing wrong to stockpile them. They can last for a couple of months.

On the other hand, greens and strawberries are perishable goods. You should not buy them more than your need and try to consume them as soon as possible. You do not need to spend money on paper towels as you can use cloth towels. Do not stockpile disposable razors. Make a one-time investment in reusable razors. They are more affordable than the former. 

Buying the essential items in bulk will not only reduce your visits to the store, but you will also find beat deals. Large-sized packets are generally cost less than small size packets. Use your mind while buying the goods, whether they are cheap or expensive. You can find the cost per unit on the backside of the packing, or you can divide the total cost by the quantity to get it. Buying in bulk is a smart move provided the items will not go perished soon.

Keep cooking simple

Just because you are missing restaurant-like flavours in your meals, it does not mean you will grab internet recipes to try your hand at gourmet meals. If you stick to simple dishes, you can save a lot of money on expensive spices and ingredients.

You do not need to waste your time in learning new techniques that result in nothing but tossing out the dish. This time you cannot afford to waste food, so use the method that you know. Taste does not matter this time.

Limit the number of ingredients to save money on food and try to use substitutes – for instance – milk when you do not have eggs.

Take steps to cover shortfalls

Even though you are cautious enough with your spending, you will likely face some cash shortfalls. While there are other necessary expenses like utility bills and debt repayments (You may not qualify for a moratorium period in case of bad credit), you may face a shortage of cash to meet your regular expenses.

Well, you do not need to worry about it as you can take out text loans with direct lenders. During COVID19, financial institutions are lending money to borrowers to help them tide over. You can get such loans at attractive interest rates despite your bad credit rating.

This is a difficult time, so you need to be judicious about your food bill. Make sure that you do not spend more than you need and you smartly stock upon goods. Frivolous purchases will add to your money problems only. The more intelligently you spend money, the better it is.