Ways to Eat Healthy Without Overspending
Written by Anita Saulite
Wednesday, May 2nd, 2018
I don't know about you, but lately I've been feeling the pinch on my grocery bill. According to Statistics Canada, the average household spent $8,784 in 2016 on food. This includes food purchased from stores and eating out.
The price of food keeps rising, too. Food inflation is ~1.4% in Canada, with fresh fruit (5.6%) and fresh veggies (3.6%) driving up prices.
Canadians Love to Eat Out
It's not just our grocery bill that's chewing away at our wallets. On average, Canadians spend around 28% of food costs on eating out. A recent survey by Dalhousie University found that nearly 42% of Canadians are either buying ready-to-eat meals or eating at a restaurant once or twice a week, while another 3 per cent admitted to doing so on a daily basis.
Money aside, there might be some unintended health consequences. Many of us are skipping breakfast or opting for unhealthy cheap & cheerful nibbles. According to a news report by CBC, time starved Canadians are making the breakfast sandwich a go-to food of choice. Add a hash brown and coffee, and not only do the calories add up, so does the cost. Yet according to the Food Network, there are some pretty mysterious ingredients in fast food. What you eat shouldn't be a mystery, nor should how much money you're spending on convenience goods or eating out.
Try going to farmers' markets during produce season or buying directly from farmers. The concept of "farm to table" — buying food directly from local producers so you know where it's coming from — is mainly associated with restaurants, but you can apply that same mentality at home too, and you'll know exactly where your food came from.
You can save money at the farmers' market when you're buying directly from farmers and cutting out the middleman. By shopping at the farmers' market instead of a supermarket, you might also be less inclined to overspend. Some farmers' markets only take cash, so it's easier to stick to a budget by taking only the cash you need.
Grow at Home
For a few dollars, you can try some easy-to-grow veggies (like carrots and cucumbers), herbs or fruits during the summer. All you'll need is a few small starter plants, soil and a sunny area to grow. And if you're limited in space, planter boxes work nicely too.
At the end of the season, pickle or freeze fresh fruit and vegetables to enjoy in the winter months when produce is more expensive.
Waste Not, Want Not
Reduce food waste and rethink your leftovers. That meatloaf or lasagna you cooked has value. Not only will you save money the second time around, but it's healthier for you as long as the meal you initially prepared was made with nutritious ingredients. You might be surprised to learn that households in Canada on average waste $28 worth of food each week, or $1,456 annually. You might not even realize you're spending more on food than you have to. Imagine what you could do with an extra $1,500 a year – pay down debt, save, or go on vacation!
Most households are looking to save when it comes to the grocery bill, but most would also like to eat healthier when possible. By shopping at farmers' markets, growing at home and reducing food waste, it's possible to eat better without spending too much.
This article or video (the “Content”), as applicable, is provided by independent third parties that are not affiliated with Tangerine Bank or any of its affiliates. Tangerine Bank and its affiliates neither endorse or approve nor are liable for any third party Content, or investment or financial loss arising from any use of such Content....
The Content is provided for general information and educational purposes only, is not intended to be relied upon as, or provide, personal financial, tax or investment advice and does not take into account the specific objectives, personal, financial, legal or tax situation, or particular circumstances and needs of any specific person. No information contained in the Content constitutes, or should be construed as, a recommendation, offer or solicitation by Tangerine to buy, hold or sell any security, financial product or instrument discussed therein or to follow any particular investment or financial strategy. In making your financial and investment decisions, you will consult with and rely upon your own advisors and will seek your own professional advice regarding the appropriateness of implementing strategies before taking action. Any information, data, opinions, views, advice, recommendations or other content provided by any third party are solely those of such third party and not of Tangerine Bank or its affiliates, and Tangerine Bank and its affiliates accept no liability in respect thereof and do not guarantee the accuracy or reliability of any information in the third party Content. Any information contained in the Content, including information related to interest rates, market conditions, tax rules, and other investment factors, is subject to change without notice, and neither Tangerine Bank nor its affiliates are responsible for updating this information.
Tangerine Investment Funds are managed by Tangerine Investment Management Inc. and are only available by opening an Investment Fund Account with Tangerine Investment Funds Limited. These firms are wholly owned subsidiaries of Tangerine Bank. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.