Scott Pape, also known as the Barefoot Investor, has warned fellow Aussies that the price of food will possibly skyrocket in the coming year due to a major price hike in fertilisers.

The financial adviser from Melbourne predicted that the price hike would mean farmers will use less fertiliser and grow less food, meaning shoppers could expect higher prices for fresh ingredients in the new year.

In his latest blog post, Pape shared a few tips on how to combat the price rise, helping Aussies prepare for next year’s grocery runs.

Scott Pape describes himself as a country bloke from the bush who enjoys helping people take control of their own money. Photos from Facebook / Barefoot Investor.​

Organise pantries to get rid of old or inedible foods and donate canned and non-perishable products to Food Banks for people in need.

The financial guru revealed that the average Australian household actually wastes around $1,038 worth of groceries every year, almost 11% of what they buy at the shops.

On top of this, it is observed that food prices worldwide soared by a whopping 30% this year, the highest they've been in a decade, according to the United Nations.
Scott’s first tip on combatting the rising price of products is for families to start organising their pantries. Not only could they save a few hundred dollars, but they could also help those in poorer parts of the world.

He also encourages fellow Aussies to adopt the ‘when in doubt, throw it out’ mentality and donate non-perishable or canned food to a Food Bank.

Do the weekly grocery shop online to avoid temptation by unnecessary items on store shelves.

Secondly, he recommends doing the weekly grocery online rather than in-person to avoid being tempted by unnecessary items on store shelves.

Keep an electronic or paper shopping list to track what food products need to be purchased each week.

Scott also says that having a weekly shopping list helps big time in keeping track of what products need to be purchased.

He shared that his own household uses the virtual assistant technology Alexa but also suggested that a physical list on the fridge would work great as well.

Grow your own produce in a veggie patch to tackle fussy eaters.

According to the financial guru, another one of the biggest food wasters are children who are picky eaters whose bad habits allow expensive meals to go to waste.

He advised families to get out into the fresh air and cultivate a veggie patch in the backyard to tackle this problem. You might as well make growing your own veggies a bonding experience for the family too!

Invest in chickens to provide fresh eggs and fertiliser for the garden.

He says that adding a chicken coop outside the house can provide an average family with fresh eggs and fertiliser for the home-grown produce.


What do you think of these suggestions? Do you put any of these in action?

 

[Liz]

I have an electronic record on Woolworths' site of regularly bought items and just buy what I need online. It is good now that Woolies have lowered the $100 limit on online shopping to $50, less waste in my book and only buy exactly what you need.