Rising Food Prices – Coping with the crunchI’m sure that everyone’s feeling the pinch at the moment with rising food prices. To be honest, I hadn’t really noticed until I went to my local supermarket last week. Heres a couple of shockers I found when reading through my receipt:
Tinned tomatoes – 14p to 22p
Tuna steak – £1 to £1.44
Foil (how!?!?) 30p – 70p
Tuna steak – £1 to £1.44
Foil (how!?!?) 30p – 70p
There were plenty more as well! Basically, food is on the up, so we need to know what to do to compensate for this. Firstly, start riding your bike; you will save on the currently ridiculous petrol prices and keeping fit at the same time!
Anyway, before I get started on that, let’s cast our minds back and remember what Economies of Scale is allllllll about!!! Basically:
COST PER UNIT FALLS AS OUTPUT INCREASES
Check out my diagram!
IT’S A NO-BRAINER!!!
It’s a common misconception that this rule only applies to business, it doesn’t, if you use it when cooking for you or your family, it will have the same effect – The more you cook (from scratch) at once, the cheaper it will be. If you don’t want your food bills to rocket through the roof, follow this rule.
I rant a lot about the benefits derived from cooking from scratch, the future will prove to be testing financially (I’m sure), so follow my ABC Guide and see the results for yourself.
Cook your dinners from scratch, make at least 3 portions at a time, freeze the extra portions and re-heat at a later date.
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This post was written by Warren Nash on August 8, 2008 |
Good tip! I never thought about applying economics 101 to cooking…even though I do it every day. I just never thought about cooking as I was taking the class!