Home > Eating On A Budget > Stretching Your Budget

Stretching Your Budget

By: Cara Frost-Sharratt - Updated: 20 Dec 2012 | comments*Discuss
 
Stretching Your Budget

One of the things you'll become very good at whilst at college is learning how to make a little money go a long way. Unless you're very lucky you'll inevitably be surviving on a pretty tight budget and it's important to get into good habits right from the beginning. Whether your parents are helping you out or you're working part-time to support yourself through college or university chances are you'll get a cheque once a month and then it's down to you to allocate money and make it last until the next cheque arrives.

Good Habits

If you're not used to budgeting then it can take a little while to really work out how to distribute your money and make it last. However, it's really good practise for when you're working and managing every aspect of your finances and, if you get it right now, you should be set up for life in budgeting terms.

For many people, food will be way down the list of priorities for the allocation of precious funds. However, everyone needs to eat, and failing to set aside enough money for food can be a false economy. You'll end up eating out more and getting takeaways, stacking up that overdraft or credit card. This is completely avoidable if you just work out your shopping carefully at the beginning of the month and keep back sufficient money to buy fresh provisions later on. Here are a few tips to consider when working out your food budget:

  • Do a big supermarket shop when your money arrives each month. Buy all your non-perishable foods and other provisions and make sure you buy sufficient to last the whole month. Buy plenty of cans and frozen veg as well, so that you'll have decent meals even if money is tight towards the end of the month.

  • Allocate an additional, smaller, amount of money for a shop each week. This should be for perishable goods such as bread, milk, fresh fruit and vegetables.

  • Plan your meals. This might sounds a bit sad but it will save you money, as you won't end up throwing food away. You can also then plan for lots of variety in your diet.

  • Find a local market or stalls and wait until the afternoon to go shopping - this is when you'll get the bargains!

  • When you're cooking, make double portions and freeze one so that you build up a good stock of meals in the freezer for later on in the month.

  • Shop as a household - this way you can take full advantage of all those 'buy one, get one free' offers. However, don't be tempted to just buy food because it's on special offer: if it's not something you eat often, you'll end up binning it and wasting money.

Budgeting Becomes a Habit

Once you get into the habit of budgeting you'll find it becomes second nature. It takes a bit of practise and a lot of self-discipline not to dip into funds when there's a big night planned. However, you'll have the last laugh when you're still enjoying gourmet meals at the end of the month!

Related Articles in the 'Eating On A Budget' Category...
Share Your Story, Join the Discussion or Seek Advice..
Why not be the first to leave a comment for discussion, ask for advice or share your story...

If you'd like to ask a question one of our experts (workload permitting) or a helpful reader hopefully can help you... We also love comments and interesting stories

Title:
(never shown)
Firstname:
(never shown)
Surname:
(never shown)
Email:
(never shown)
Nickname:
(shown)
Comment:
Validate:
Enter word:
Topics
Comments
  • SavePlus UAE
    Re: Working Out a Food Budget
    Great advice! Setting a food budget is all about balance, and these tips really help to keep things manageable without compromising on…
    5 April 2025
  • haha
    Re: How to Make Basic Sauces
    nice, but i think it would be better if you had, like, satay sauce, and garlic dip. but still, nice.
    12 April 2020
  • MIZzTyDah
    Re: Organising Your Kitchen
    how do l cook jollof rice and frid rice..also vegetable soup..
    14 January 2018
  • sissy
    Re: Dinner in 10 Minutes
    What else can you do with jacket potato I have butter and a bit of gravy with mine
    16 June 2017
  • cez
    Re: The Quick Guide to Great Cooking
    i'm a student want to learn more basic sauce and any additional ingredients for cream sauce white sauce.thank you
    1 June 2017
  • Panda
    Re: Ten Ideas for Jacket Potatoes
    Please could you add pictures of the goods if possible.
    11 June 2016
  • Philip
    Re: How to Cook Fish
    Your advice on poaching (and other ways of cooking) haddock seems very sensible and in touch with real life. This ( I know comparisons are odious…
    26 November 2015
  • stanos
    Re: Ten Ideas for Jacket Potatoes
    Could you help me with easy toppings for jaket bbq bake potatos ,for to cook 30 at a time need some help ,so come all you great…
    12 November 2015
  • StudentCook
    Re: Meals for £1
    Bb - Your Question:Students don't have luxrys like oil and an onion just hanging about or pepperOur Re
    18 September 2015
  • Evied
    Re: Cooking in Bulk
    Go into supermarkets late in the day and pick up reduced veg, Take home cut up in dinner portion Bags up in freezer bags Put in freezer til you…
    11 September 2015