February 22, 2021

Is the convenience of food delivery eating away at your savings?

If you're anything like us, you live to eat, not the other way around! Food is an experience, a mood booster and sometimes a comfort, but with a long list of delivery services in the palm of your hand, could your love for convenient food be limiting your ability to save money?

Over the past year, we've spent more time at home than ever before! With restrictions on travel and leaving the house, food delivery has become an even more popular option for those looking for a restaurant experience at home and an excuse to avoid the hoards at the grocery store.

What many don't consider, is that convenience will cost you in the long run and while your stomach might be full, your bank account may not be. When all it takes is a few clicks and dinner is served, the ease of ordering is the real selling point, the thing is, it's also easy to get into the habit of opening an app instead of the fridge. 

Takeaway used to be a luxury or treat for Australians, now it's a no brainer when it comes to mealtime with 20 per cent of Australians ordering takeaway at least weekly not giving a second thought to the cost of this habit. If you added up the money you spend on food delivery each month, how much do you think it would be? According to research from pasta company San Remo, consumers were spending upwards of $1200 a year on delivery, and that's before the pandemic!

If you're on a savings journey, over time, home cooking is the way to go. The cost of your fresh produce will probably equate to the price of a single delivered meal, not to mention the delivery cost on top. You might even have leftovers for the next day!

We're not saying buying food is a bad thing, but when convenience starts to cost more than the cash flow you have coming in, it can become a problem. If you're saving for something like a house, a well earnt holiday or even just some money to fall back on, finding out where that additional money is going can push you ahead on your savings journey.

If you're not sure if you can spare the additional funds for that weekly takeaway treat and still meet your savings goals, Helix Planning has the savings solution for you! 

Learn how to budget, track and achieve your financial goals with our money intelligence course. Whether you want to start keeping track of your spending or develop a budget so that you can reach your savings goals without sacrificing your lifestyle, this is the course for you!

If food delivery isn't your thing but you're still struggling to save, read more about where your money might be going here. For a friendly and professional opinion on your spending habits and how to achieve your financial goals, contact us for a no-judgement chat.


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