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How to save money by cooking at home

A guide to saving money by embracing your inner chef!

June 22, 2023
 min read
Last updated:
Jan 12
A man and a woman smiling while cooking a meal together.

The gist: By harnessing the magic of home cooking, understanding your grocery expenses, exploiting meal planning, and leveraging cost-effective culinary hacks, you can accumulate substantial savings.

Let's be real: we're not all destined to become the next Gordon Ramsay or Julia Child. But let's also get this straight: you don't need a Michelin star to whip up mouth-watering meals that’ll have your belly (and bank account) feeling all sorts of happy. And here's the icing on the cake - it’s a whole lot of fun! Buckle up, because we're about to embark on a culinary adventure that's as deliciously rewarding as it is budget-friendly.

The Joyful Art of Menu Planning

Think about the last time you ordered food because you didn’t know what to cook. Now imagine a world where your weekly menu is lined up faster than you can say "extra guac costs more." Welcome to the wonderful world of meal planning. Start with a simple, weekly meal plan. Pick your dishes, jot down the ingredients, and hey presto! You’ve just given your week a flavorful framework and saved yourself from the stress of last-minute meal decisions. Plus, you can wave goodbye to impulse buying and food waste.

Be a Smart Cookie at the Grocery Store

Now that you've got your plan in place, it’s time to hit the grocery store – with purpose. Create a shopping list from your meal plan and stick to it. Stay strong, soldier! Those impulse buys are the crafty little devils munching on your savings. Buy in bulk when it makes sense, and always keep an eye out for sales and discounts. But remember: a bargain isn’t a bargain if it ends up in the bin. So, only buy what you need, can store, and will actually eat.

Get Fancy with Leftovers and Staple Ingredients

Never underestimate the power of leftovers and staple ingredients. Got some leftover roasted chicken? Hello, chicken salad or stir fry. Extra veggies? Howdy, vegetable soup or curry. Get creative with what you have, and you’ll start to see countless meal opportunities that’ll stretch your grocery haul and savings further than you ever imagined. You might even surprise yourself with your culinary creativity. Step aside, Ramsay!

Cook More, Save More

This may seem obvious, but cooking more means saving more. It's simple math: the cost per serving typically decreases with the more servings you make. So, cook in bulk, then portion and freeze the leftovers for future meals. Not only will this save you money, but it’ll also save you precious time on busy nights when cooking just isn’t on the cards.

Embrace the Homemade Culture

Got a hankering for your favorite pizza or craving that delicious pad thai from the local takeaway? Why not try making it at home? With countless online recipes at your fingertips, creating your favorite dishes at home can be a fun and rewarding experience – not to mention much kinder to your pocket!

Savings Tips

  1. Grocery shopping vs. dining out: Save up to 60% on food expenses by swapping restaurant dining with home-cooked meals. A well-planned grocery list and a visit to the local farmer's market can bring you a week’s worth of meals for the cost of a single night out.
  2. Meal prep mastery: Save time and energy by becoming a meal prep master. Preparing meals in advance not only reduces the temptation of last-minute take-out orders but also allows for bulk purchases and use of leftovers, saving you up to an additional 30%.
  3. Embrace budgeting apps: Save up to 15% on your overall spending by using a budgeting app. Seeing a visual breakdown of your food expenses can help you make informed decisions about your food spending, leading to more home-cooked meals and a growing savings fund.

Cooking at home is about more than just saving money. It’s a journey of creativity, discovery, and fulfillment. It's the joy of serving love on a plate, the pride in your newfound skills, the thrill of nailing a new recipe, and the satisfaction of watching your savings pile up. So put on that apron, wield your spatula like a sword, and conquer the kitchen. Your taste buds, wallet, and future self will thank you!

*Prices fluctuate based on season and day of the week.

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