Aussies are making this ‘shocking’ mistake amid soaring grocery prices
Challenging economic times mean that everyone has to be more careful about managing money and how to spend it, especially when it comes to grocery shopping.
But despite the rising prices, many Aussies are unfortunately doing something utterly shocking–and it's having a huge impact on their weekly grocery bill.
Compare the Market surveyed 1,004 Aussies, examining how much they typically spent on groceries, what they threw out after buying, and strategies to counter rising prices.
The results were disturbing.
The survey found that nearly two-thirds of Aussies (64 per cent) admit throwing away food every week because it doesn't get used or goes out of date.
The survey said vegetables were the most common items to get binned, with nearly a third saying they threw them out. This was closely followed by leftovers, bread, milk, salad and fruit.
Ozharvest estimated that Aussie households are throwing away between $2,000 and $2,500 yearly on their food bill.
Nastasha Innes of Compare the Market noted that it was especially worrying that almost a third of people said their grocery bill was now their biggest financial burden.
'It's quite shocking to see that so many people seem to be buying food items that end up in the (rubbish),' she said.
'While there's no denying that prices are rising at our supermarkets, our data shows that people may be blowing money each week on food they don't need.'
Other items commonly thrown out included cheese, yoghurt, butter, chicken, eggs, red meat and seafood.
What can you do to avoid this mistake?
‘Whether it’s switching to a different brand, shopping for items that are on sale or spreading your shop across multiple stores, there are many little changes people can make that can have a big impact on their budget,’ Innes said.
On average, a household spends $199 on groceries weekly, an increase from June 2022’s estimation of $184 per week.
Some shoppers have strategies to combat the rising prices, with 62 per cent now planning cheaper meals, 55 per cent looking harder for discounts, and 42 per cent switching to generic brands.
To help you save money on groceries, Innes recommends taking note of items that were previously thrown out, checking the unit price of items, taking advantage of a rewards card, and seeing if your insurance or other providers offer grocery discounts.
Here are other strategies for more effective grocery shopping:
Creating a detailed meal plan for the upcoming week is the best starting point. Such a plan eliminates guesswork and impulse purchases, steering patrons towards specific items and quantities. However, it's essential to be mindful of perishable items and their expiration dates to avoid unnecessary wastage.
Moreover, try to focus shopping towards fresh foods that can be incorporated into various meals. This is not just great for your wallet but for your nutritional health as well. Staple foods— for instance, bread, rice and pasta—offer many potential meals and are generally more affordable, proving an excellent choice for cost-conscious consumers.
In addition to this, involving the family in meal planning and preparation can result in less food waste. Engaging everyone ensures that each member gets meals they enjoy, hence fewer leftovers.
Lastly, being mindful of how and where we shop can significantly impact our grocery bills. Comparing prices in different stores before committing to a purchase is a tactic many Aussies resort to. Additionally, shopping in bulk for non-perishable items or items that can be frozen can also save you money over time as they frequently come with a lower unit price.
Keeping a tight rein on grocery spending while battling rising food costs might be challenging for many, but with these tactics, at least it’s achievable. Sometimes, it’s just about being a bit more sensible, strategic, and savvy.
What do you think of this story, members? Do you have other tips that could help avoid throwing food? Share them in the comments below!
But despite the rising prices, many Aussies are unfortunately doing something utterly shocking–and it's having a huge impact on their weekly grocery bill.
Compare the Market surveyed 1,004 Aussies, examining how much they typically spent on groceries, what they threw out after buying, and strategies to counter rising prices.
The results were disturbing.
The survey found that nearly two-thirds of Aussies (64 per cent) admit throwing away food every week because it doesn't get used or goes out of date.
The survey said vegetables were the most common items to get binned, with nearly a third saying they threw them out. This was closely followed by leftovers, bread, milk, salad and fruit.
Ozharvest estimated that Aussie households are throwing away between $2,000 and $2,500 yearly on their food bill.
Nastasha Innes of Compare the Market noted that it was especially worrying that almost a third of people said their grocery bill was now their biggest financial burden.
'It's quite shocking to see that so many people seem to be buying food items that end up in the (rubbish),' she said.
'While there's no denying that prices are rising at our supermarkets, our data shows that people may be blowing money each week on food they don't need.'
Other items commonly thrown out included cheese, yoghurt, butter, chicken, eggs, red meat and seafood.
What can you do to avoid this mistake?
‘Whether it’s switching to a different brand, shopping for items that are on sale or spreading your shop across multiple stores, there are many little changes people can make that can have a big impact on their budget,’ Innes said.
On average, a household spends $199 on groceries weekly, an increase from June 2022’s estimation of $184 per week.
Some shoppers have strategies to combat the rising prices, with 62 per cent now planning cheaper meals, 55 per cent looking harder for discounts, and 42 per cent switching to generic brands.
To help you save money on groceries, Innes recommends taking note of items that were previously thrown out, checking the unit price of items, taking advantage of a rewards card, and seeing if your insurance or other providers offer grocery discounts.
Here are other strategies for more effective grocery shopping:
Creating a detailed meal plan for the upcoming week is the best starting point. Such a plan eliminates guesswork and impulse purchases, steering patrons towards specific items and quantities. However, it's essential to be mindful of perishable items and their expiration dates to avoid unnecessary wastage.
Moreover, try to focus shopping towards fresh foods that can be incorporated into various meals. This is not just great for your wallet but for your nutritional health as well. Staple foods— for instance, bread, rice and pasta—offer many potential meals and are generally more affordable, proving an excellent choice for cost-conscious consumers.
In addition to this, involving the family in meal planning and preparation can result in less food waste. Engaging everyone ensures that each member gets meals they enjoy, hence fewer leftovers.
Lastly, being mindful of how and where we shop can significantly impact our grocery bills. Comparing prices in different stores before committing to a purchase is a tactic many Aussies resort to. Additionally, shopping in bulk for non-perishable items or items that can be frozen can also save you money over time as they frequently come with a lower unit price.
Keeping a tight rein on grocery spending while battling rising food costs might be challenging for many, but with these tactics, at least it’s achievable. Sometimes, it’s just about being a bit more sensible, strategic, and savvy.
Key Takeaways
- New research by Compare the Market reveals that nearly 64 per cent of Australians admit to wasting food every week because it doesn't get used or goes stale.
- The most commonly wasted food items are vegetables, leftover meals, bread, milk, salad and fruit, which cost households between $2,000 and $2,500 per year.
- The average Australian household spends $199 on groceries weekly, an increase from $184 per week in June the previous year.
- To combat increasing grocery prices, 62 per cent of Australians are planning cheaper meals, 55 per cent are seeking more discounts, and 42 per cent have switched to generic brands.
- Other strategies for grocery shopping include creating a meal plan, focusing on fresh foods that can be used for multiple meals, involving the family in the meal plan, and comparing prices between different retailers.
What do you think of this story, members? Do you have other tips that could help avoid throwing food? Share them in the comments below!