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Food and groceries are getting more and more expensive at the moment. Thanks inflation! And, the forecasts show prices are going to continue rising in the coming months. None of us want to fall into debt (or be forced to diet), so we’ve researched some ways to help you save money on your groceries.
While discount magazines might feel super old school, discounts are far from it! There’s no need to waste time researching offers from Lidl, Aldi and Rewe individually — instead, simply download your favourite supermarket’s app, and look out for special offers on your favorite frozen pizza.
If you don't want to commit to a single supermarket, then the app Smhaggle (pronounced "Smaggle") shows offers from a wide variety of supermarkets. You can save your favorites and create shopping lists. Especially when it comes to expensive groceries, taking advantage of discounts can really be worthwhile.
Apps: Smhaggle, Lidl Plus, Kaufland, Aldi Süd, Penny and co.
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Having a good overview of what you’re spending on groceries is key. So it’s a wise idea to create a food pool for your food expenses. Just put the amount you want to spend into the food pool at the beginning of the month, and you’ll get a clear view of how much you’re spending. You might also want to create a separate pool for eating out or special treats.
Here’s a basic guideline: a very thrifty person will spend about €80 - €100 on food each month. This won’t cover things like snacks, drinks or eating out though. Students at college generally spend €100 - €200 per month.
Our suggestion is to set yourself a budget of €150 (which is about €5 a day) and see how much you have left over at the end of the month, or if you spend more.
App: Of course, OWWN 😁
Whenever there's inflation, many things get a lot more expensive — and food is one of those things! In fact, food prices have risen by an average of 11.9% over the last year! By comparison, shoes and clothing have only risen by about 1.1%
You’ll notice the food price rises in the supermarket — especially for dairy products, oil, and wheat products. Pasta is currently more expensive than potatoes or rice.
And what’s the reason? Well, there are increased production costs because energy is currently so expensive. There is also a global shortage of cereals. Grain is not only needed for pasta and bread, but also as feed for animals and therefore meat and eggs are also more expensive.
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You might not know this, but big supermarket groups decide on the prices and these prices are binding for a while. For example, Edeka and Netto belong to the Edeka Group, and Lidl and Kaufland belong to the Schwarz Group.
Start developing a love for your leftovers! Instead of chucking them in the trash, try and treat them like fresh ingredients. With apps like Eat Smarter or Foodoholic, you can find a delicious recipe for whatever leftovers are in your fridge. In Foodoholic, you can even create your own virtual fridge and dishes will be displayed for you based on that.
Apps: Foodoholic, Eat Smarter
Togoodtogo is the must-have app for people who aren't super picky about their food and who don’t want food to needlessly go to waste. The app works like this: During certain time periods, you can pick up food from bakeries, restaurants, and supermarkets that would otherwise go to waste. The food you’ll get is always fresh and very cheap.
One thing to keep in mind though: you might get a big bag of vegetables or baked goods that contains things that don't really suit your taste, or that you don’t usually eat — so it’s often a good opportunity to expand your taste buds and try new things!
App: Togoodtogo
Banking services are provided by our partner Solaris SE
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