As Seen On ITV: Save Money On Your Weekly Food Shop, With The "Receipt Trick"

Posted by Gemma Godfrey - Founder & CEO on August 17

This tip was originally featured by ITV, for the show "Eat, Shop, Save".

In the UK, we throw away £13 billion of food each year. That's the equivalent of £470 per family that could be otherwise saved. One of the easiest ways to save money. is to avoid unnecessary spending. And the "receipt trick" makes it simple. 

Throwing money down the drain

Like so many busy families, it's easy to get stuck in a rut and buy the same food week in and week out.

We don't always eat all of this food, and by the end of the week, a lot of it can end up being thrown away.

But there's good news!

There's a simple solution and this situation actually offers one of the easiest opportunities to save money.

The "Receipt Trick"

Put your weekly food shop receipt on your fridge.

Every time you throw something away, cross it off the list.

By the end of the week, you'll have a list of just the items you actually eat. This is the list of the only food you need to buy. The rest of the cash you would have spent, you save.

And a bonus tip..

It's also helpful to check your freezer, fridge and cupboards before you head to the shops. It'll act as a reminder of the food you already have, and don't need to buy.

Video: When's the best time to start investing?

 

Written by Gemma Godfrey - Founder & CEO

ITV’s “spending and earning” expert. Former Head of Investment Strategy at Brooks Macdonald, previously GAM and Goldman Sachs. Schwarzenegger’s adviser and a self-confessed physics geek. Here to help people make smarter decisions with their money.

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