Money

How to spend less on your grocery bill without buying less food

Cut costs but not quantity.

Good-quality food is a non-negotiable for anyone mindful of their health and wellbeing. Nourishing your body is a form of insurance, increasing the chances of living a healthy life and continuing to generate an income, as well as potentially minimising medical bills in the future.

Nutritious food, however, comes at a cost. Studies have shown that Kiwis fritter away 15 per cent of their net income with food being a huge area of 'overspend' for many. Overspending and inefficiencies create a big drag on your personal finances and slow down the realisation of goals and dreams, such as paying down debt or saving for a renovation or trip.

Enjoying your life and incorporating your non-negotiables, such as good food, is the cornerstone of any financial plan's sustainability but you must be smart to make it work for you. To be in control of your finances, you need to find those areas in which you fritter away money and put it to better use.

As a baseline for our clients, we use an average food and grocery spend of $80-$100 per adult and $60 per child (plus nappies) per week. Work out the number that's right for you and stick to it.

Tips to make it work

Your finances are intrinsically linked to your self-esteem, self-worth and general wellbeing. We owe it to ourselves (and our loved ones) to do everything we can to live a happy life now and keep on track with our longer-term goals.

It's not what we do once in a while that shapes our lives, it's what we do consistently that counts in the long run. Making little changes often will get you big results.

Words Kate Wesney