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Fight Back Against Rising Food Prices!

Serena Cowdy
By Serena Cowdy | 17 April 2008

If you're worried about the state of the economy, you may well be tightening your belt at the moment. Perhaps you've decided not to buy that new car, or to postpone this year's foreign holiday.

But what about the things you really can't do without? Food shopping normally accounts for the majority of a household's weekly budget. And unfortunately, the price of food is currently rocketing all over the world.

For example, according to the Chicago Board of Trade Index, corn prices have climbed 54% in the past year.

And other foods have seen even steeper rises: The JP Morgan Chicago Board of Trade Rough Rice Index shows that the price of rice has risen 107% in the past 12 months.

This means, if you haven't already started paying more for your groceries, you will soon.

Tonnes of food wasted

So what can you do to fight back against rising food prices?

Stop throwing food away, apparently.

According to Government waste agency WRAP, we chuck out almost seven million tonnes of unwanted food every year - which altogether costs us around £8 billion.

In fact, recent research by Abbey shows the average UK home throws out £5.10 worth of out-of-date groceries every single week

Ethical considerations aside, that's the equivalent of chucking £265 in the bin every year.

Take action

Thankfully, there are lots of things you can do to reduce the amount of food you waste and the money you spend on it.

Here's a few of my own top tips:

Grow your own

Growing your own fruit and veggies could knock pounds off your grocery bill, and it seems that Toms and Barbaras all over Britain are getting the message. Sales of vegetable seeds have rocketed by 40 per cent in the past two years.

There's even a whole community in Hampshire working together to grow its own food.

Visit The Fool's Gardening board for lots of help and advice on where to start.

Before a big shop

Consider doing your shopping online. You can check what's in your cupboards as you go, and simply re-order from ‘your usual orders' list. This will ensure you are not tempted to buy things you don't need.

You can also use special offers from the supermarket that they send by email and, while you will pay a delivery charge, you will save the cost of petrol/public transport.

Alternatively, shop frequently for small amounts, so your food won't go off before you've had a chance to eat it.

Price check your groceries using a site like MySupermarket. It'll help you find the cheapest deals on offer, so you can decide which shops you want to visit before you leave the house.

Where to shop

Remember, you don't always get the best deal in supermarkets. Farmers' markets and fruit and veg stalls can be cheaper.

Also try ‘deep discount' retailers like Aldi and Lidl. Their prices are lower than many other supermarkets because they keep shop overheads low.

Spot supermarket scams

Supermarkets will try and get you to spend as much as possible. Sneaky strategies include:

  • Wafting smells around to make you hungry. Freshly-baked bread, anyone?
  • Encouraging impulse buys. Notice the sweets and chocolate by the tills?
  • Store layout. Often, commonly bought items are spread out around a store - so we have to walk past other tempting goods to get to them.
  • Prominent product placing. The items that are most profitable are often put in the most obvious place - so you have to hunt around to find their ‘value' equivalent.
  • Music with a slow beat. This encourages you to walk around more slowly, and take more time to shop.

What to buy

Value: Don't assume ‘value' means ‘bad quality'. Experiment with the different value ranges and make a list of the items you like as you come across them.

Reduced: Find out when your local shop reduces items for quick sale eg on a Saturday night.

Packed lunches: A £1 packed lunch, rather than a £6 meal, will save you £115 a month. So there's a real incentive for buying the ingredients as part of your weekly shop.

Snacks:  All those visits to the office vending machine add up. So if you suffer from snack attacks, buy your snacks in bulk from the supermarket for half the price.

In season: It's generally cheaper to buy the fruit and vegetables that are in season - check out the Eat The Seasons website for what's good now and in the future.

Special offers:  Special offers, like buy-one-get-one-free, can save you lots of money. Just make sure you really can eat all that food before it goes off, or store it safely until you need it.

Cooking

Consider getting a slow cooker - it'll allow you to buy cheaper cuts of meat and turn them into stews and casseroles.

Batch cooking (where you cook large amounts of food at the same time, then freeze it) can also save you money, because you're using less energy in the preparation.

You can ask for more pointers on The Fool's Recipes And Cooking board.

And check out the Beyond Baked Beans website for lots of manageable and healthy recipes for those on a tight budget.

More: Food Prices Are Getting Hotter | Ten Ways To Cut Your Food Bill

Comments

The opinions expressed here are those of the individual writers and are not representative of The Motley Fool.

At 23:03 on April 17 2008, ajc01 said:

Where do I enter the 'Spot the missing words' competition?

Consider doing your shopping online. You can check what's in your cupboards as you go, and simply re-order from ‘your usual orders' list. This will ensure you are tempted to buy things you don't need.

Presumably should say '...are not tempted...'?

It's generally cheaper to the fruit and vegetables that are in season

'...cheaper to buy the fruit and vegetables...' I guess?

Are TMF looking for a proofreader?

Adrian

At 06:15 on April 18 2008, PeterTyOlaf said:

Most important one - never do a supermarket shop when you're hungry.

At 06:38 on April 18 2008, southpawgreen said:

If you must go shopping by car, consider getting together with friends and neighours to share travel costs.
Don't take any of the family with you if you can avoid it.You might be able to stick to your list of needs, but can they?

At 07:17 on April 18 2008, allreasons said:

My freezer is full pf mark down items. The supermarkets have to seel goods before/on sell by date but the products have at least another weeks shelf life. They have to have a safety margin. So freeze those items that are freezable and use those that are perishable in your daily diet.

At 08:46 on April 18 2008, parabond said:

The people who get forgotton are the ones living on their own. Unless you want to eat the same meal several days running food gets thrown away. Why don't supermarkets sell smaller packs.Meat will freeze but spinach will not for example.

At 09:18 on April 18 2008, annepan said:

The best way to reduce your food bill while also getting the freshest, most nutritious food possible is to grow your own - organically. If you can't do that, join a local organic box scheme, and they'll do the growing for you. Find these by going to the Soil Association website - the Soil Association has the highest possible standards for organic growers, so you can be sure that the meat, eggs and veg are produced with the highest respect for the animals and the environment. The next most important step to reducing your food bill is to avoid processed foods ... this means you'll need to cook, which has the advantage that you know exactly what's going into your food, and can choose quality ingredients. For using up left overs, soups and casseroles can't be beaten ... and if you can't eat all those, put them into smaller portions and freeze them. Tip 3 is - invest in a fridge thermometer, and make sure your fridge is keeping your food suitably cool to increase shelf life - most fridges are way too warm! And finally, f you're enthusiastic about good food, join the "Slow Food" organisation to meet like-minded people.

At 09:35 on April 18 2008, tonjt said:

Watch out for the Buy One Get One Free scam in many supermarkets! If you look at the price of comparable but cheaper products, you often find you are paying at least as much for a BOGOF as you would pay for two of the comparable items. Tell the supermarkets to BOGOF with this scam!

At 10:05 on April 18 2008, ChrisBond440 said:

2 tips:

Switch from the big supermarket chains (you know the ones I mean without mentioning names). We switched from the big one beginning with T to the German one beginning with L and not only saved around 20-25% but found the food quality to be better as well. Watch out for all those bargain items in the middle aisle though.

Grow your own, we're lucky in having a side garden which has become the allotment but your can grow an amazing amount in pots and small plots - my folks do.

At 10:33 on April 18 2008, Kinkygirlinky said:

I'm not so sure that growing your own is always the cheap option that it's made out to be. Where I live allotments are quite expensive. Mine is £70.00 per year. It was covered with weeds & brambles which we are still in a battle with! I've spent loads on seeds/ fruit bushes etc. Ok I got the fruit bushes from Lidl & my strawberry plants for under £10.00 for 12 plants, but it's not cheap. Although I have managed to source some tools from Freecycle, I have had to spend money on the purchase and hire of others. Don't get me wrong, I love working on my allotment & the produce tastes fabulous.....but it's not the cheap option. I also keep a few hens in my garden and get eggs most days from them, but they are not cheap either. They eat organic layers feed (£10 every 4/6 weeks) and need various suppliments & sundrys to keep them healthy. With the odd trip to the vet, the costs mount up. In fact, the main reason I got the allotment was to grow greens for my hens (they get through £2.00 per week of greens/spinach). I'm happy to be living the good life, but I don't pretend that it comes for free.

At 10:33 on April 18 2008, Eddy28 said:

" If you must go shopping by car, consider getting together with friends and neighours to share travel costs.
Don't take any of the family with you if you can avoid it.You might be able to stick to your list of needs, but can they?"

All very valid points if you want to save money, but i seriously believe if we're saving money on mortgages, utility bills, phone bill etc - can't we just enjoy food! I like driving my own car, in my own time to town and local markets to buy quality food. I've given up smoking, drinking and every other vice to save money and get healthy - i do however love cooking, more importantly eating, fresh seasonal food. In my eyes it's worth spending the money on quality food - anybody else agree? We are what eat!

At 10:34 on April 18 2008, allerdalechef said:

save money ..., go on a diet and feel better pysically and mentaly . How much food is being 'wasted ' by people who eat when they dont need to. combine that with exercise and watch the pounds fall off your waist and into your bank account !

At 10:50 on April 18 2008, lindleytvr said:

One of the reasons people are panicking over all these rising costs is that they've forgotten what's important in life. Should you spend money on housing, feeding and clothing yourself and your family or on the latest gadget, car and foreign holiday? Cut out the rubbish and centre on the vitals. If, however, you've already done that and need to make other savings then here are my tips for cutting the food costs.
Firstly, learn to cook seasonal foods and make the time to do it (do you really have watch every episode of every soap or go out as often or could you do something more satisfying with that time?)
Secondly, I believe that supermarkets exist solely to make you spend more money! Last year we cut our food bill by 30% by using the supermarket less. The more you visit, the more you spend.
Thirdly, eat less if you're overweight! Extra food costs extra money and extra waste (or should that be waist!). If we saw obesity as a sign of wasted food, we might do more about it.
Fourthly use a box scheme. We've saved about £200 per year by using ours. After concern over food safety from chemicals used in growing, washing and prolonging the life of fresh produce, we approached our local box scheme - it's been great. The farm where ours comes from also has its own cattle, sheep and turkeys so we can order meat too!
Lastly, grow your own, you don't need a lot of space. Last year we used a 2m x 1m patch of garden to grow our own salads, which were great so this year we've dug up a fifth of our lawn so also have a veg patch 2m x 4m for other veg. We thought we didn't have the time, but found that in the summer evenings we'd rather be out in the garden than inside watching TV. We both have hectic jobs (and I'm a catering manager) but find the veg producing very relaxing. And the exercise is great too.
As things have gone so far this year, it looks as though our food bill will be cut by a further 15 -20% this year. With a bit of effort, it can be done.

At 10:55 on April 18 2008, lonestar1ej said:

Hi just had to say you can't always save money by dieting !!!!! i have just started a new healthy eating and exercise routine and i have to say in the last 10 weeks my shopping bill has risen by about 20/30% and i feel this is purely down to the fact that instead of buying cheap foods i am constantly looking for low fat/lean meats/ and fresh veg instead of frozen bags - these all cost a lot more than the cheaper value products purely because they are meant to be better for you - so dieting doesn't necessarily mean you cut down the cost of your shopping bill !

At 10:57 on April 18 2008, globeartichoke said:

Your allotment sounds extremely expensive - mine only costs £25 pa plus £5 for my polytunnel ( built by the guys on the site for £100). Ask your other plot holders to swap excess seed etc, current bush cuttings can be just pushed in the soil and will usually grow - lots of ways to get free plants

At 10:59 on April 18 2008, MK22 said:

What is wrong with rising food prices? We don't pay enough for our food to allow farmers to actually have a living wage. Yes, don't over buy, yes avoid BOGOFs because it pushes the farmers' prices even lower, but remember as consumers in the west we pay far too LITTLE for our food. Oh yes, and I'm a pensioner and was never in a farming family.

At 11:16 on April 18 2008, TMFDonna said:

Apologies for those typos. That was my fault. And thanks for you help.