How To Save Over £1,000 A Year On Your Food Shop

4 Foolish ways that, together, could add up to £1,165 of savings on your annual food shopping bill!

The content of this article was relevant at the time of publishing. Circumstances change continuously and caution should therefore be exercised when relying upon any content contained within this article.

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More.

 

According to the ONS, the average weekly food shopping bill in the UK is £96. That’s for a ‘two parent and two child’ family, and includes spending on alcoholic drinks and tobacco.

With the cost-of-living squeeze still ongoing, and wage rises continuing to be behind the rate of inflation, here are four ways that can help you save up to £1,165 per annum on your food shopping bill!

Shop Online

While shopping online can be a little long-winded the first time you use it, as you get used to how it works and need to select all of the items you wish to buy, it can prove highly worthwhile when it comes to saving money.

For example, Sainsbury’s currently has an offer where you can save up to £55 on your first five online shops. It breaks down as £15 off your first online shop, followed by £10 off your next four shops. Furthermore, it includes free delivery, which saves you on petrol or the cost of public transport, too.

Cashback Cards

Despite cashback cards having been around for a number of years, many shoppers still don’t use them. However, they could prove to be highly worthwhile, with American Express paying cashback of 1.25% for all supermarket spending.

This may not sound a lot, but over the course of a year it really adds up. With the weekly shop costing on average £96 per week, this works out at £4992 per year. Saving 1.25% of that amount equates to an annual saving of £62.40, simply by using a different credit card!

Loyalty Cards

As with cashback cards, using loyalty cards can really add up throughout the course of the year. For example, Tesco’s Clubcard scheme sends the user vouchers to use in store, with every £1 spent at Tesco equating to 1 Clubcard point, and every 100 Clubcard points accumulated equating to £1 of vouchers.

This works out as a saving of around 1%, but could be even more if you decide to ‘boost’ your Clubcard points via various deals, such as at restaurants and tourist attractions.

Saving 1% on your annual food shopping bill would equate to savings of £49.92, so seems to be well worth doing!

Compare Prices

Various sites have popped up in recent years that compare the price of your weekly shop at supermarkets in your local area. For example, mysupermarket.co.uk allows you to compare up to 11 supermarkets and states that you can save up to 20% on every shop.

This equates to an annual saving of £998.40 from the average shopping bill of £4992 per annum. And, when added to the £55 discount from shopping online, the £62.40 from using a cashback credit card and the £49.92 from using a loyalty card, amounts to a total annual saving of £1,165.72!

With the cost-of-living squeeze set to continue for a little while yet, such a saving could prove to be most welcome for people across the UK.

Peter Stephens owns shares of Tesco and Sainsbury's. The Motley Fool owns shares of Tesco.

More on Investing Articles

Two business people sitting at cafe working on new project using laptop. Young businesswoman taking notes and businessman working on laptop computer.
Investing Articles

5 April is almost here: is now the perfect time to start investing?

For some people, now never seems like the right time to start investing. However, Dr James Fox believes they really…

Read more »

UK financial background: share prices and stock graph overlaid on an image of the Union Jack
Investing Articles

Is the stock market correction a once-in-decade chance to buy great value UK shares?

UK shares are volatile at the moment but there are plenty of FTSE 100 bargains to be had as a…

Read more »

Photo of a man going through financial problems
Investing Articles

Homebuilders down 30%! Is the UK stock market heading for a 2008-style crash?

The stock market is already in correction territory, with the FTSE 100 down 10%. Mark Hartley takes a closer look…

Read more »

Road 2025 to 2032 new year direction concept
Investing Articles

1 ultra-high-yield UK dividend stock to consider buying before the 5 April ISA deadline

Harvey Jones picks out a top UK dividend stock with a brilliant 7.5% yield and strong growth before the current…

Read more »

British union jack flag and Parliament house at city of Westminster in the background
Investing Articles

Is Raspberry Pi the next Nvidia stock?

The Raspberry Pi (LSE:RPI) share price exploded 46% higher in the FTSE 250 today. Might this be the start of…

Read more »

Senior woman potting plant in garden at home
Investing Articles

Thinking of stuffing a SIPP with high-yield shares? 3 things to consider

A SIPP filled with shares offering juicy dividends can seem tempting. Christopher Ruane explains some potential pros and cons of…

Read more »

ISA coins
Investing Articles

Does this weekend’s ISA deadline make now a good time to start buying shares?

With a key ISA deadline looming this weekend, does it make a difference whether someone starts buying shares now or…

Read more »

National Grid engineers at a substation
Investing Articles

If inflation soars, can the National Grid dividend keep up?

With the risk of higher inflation getting stronger, our writer weighs up whether the National Grid dividend might earn the…

Read more »