When you need to cut back on expenses, the usual financial advice focuses on slashing your entertainment fund, cancelling subscriptions like Spotify Premium, investing in energy-efficient lightbulbs, or other tricks. No one ever tells you about all the money you’re wasting on food.
Because eating is pretty much a basic necessity, people don’t think it’s a place where they can save – but that’s far from true. Global food loss and waste amounts to between one-third and one-half of all food produced… a staggering figure. “Without a set budget, it can be easy to look at your bank account at the end of the week and wonder how you spent hundreds on one-off trips to the grocery store or spontaneous pizza orders,” says Justin Bailey, co-founder of Vimvest, a financial planning app. Read on to discover the kitchen habits that are unknowingly draining your bank account, and how staunch the flow.