Content Manager
July 6, 2020

Takeout eating away all your savings? Here’s how to fix that.

If Deliveroo or Uber Eats is your vice, we've got a couple of tricks for you, my friend.

As Carrie Bradshaw (Sex and the City) famously once said, "I like my money right where I can see it, hanging in my closet." 

However, it seems for most of us, we instead find ourselves looking at our money in the way of countless Deliveroo bags in our recycling bin. 

Last year, 7.5 billion food deliveries were made in the UK alone - we’re a generation that pays for doggy-bagged convenience. 

Now, with lockdown induced cooking fatigue setting in, and in turn more restaurants offering takeaway options to satisfy our lust for a pub feed, our food budget is stretching as much as the mozzarella on the Franco Manca pizza we’ve just ordered. 

If you’re anything like us, an indulgent week could look a lot like this: 

  • The midweek $5 meal deals.
  • The protein shake on the way back from a workout. 
  • The Takeaway Fridays.
  • The drunken 3:00am kebabs.
  • The hungover Nandos.
  • The weekend brunch from Gails.
  • The ice lolly on days that exceed 23 degrees. 
  • The pizza and garlic bread to accompany the movie night with your friends.

In the wake of COVID-19, to help out the struggling hospitality industry, we justified the three Deliveroo orders with the belief that we were single-handedly hoisting up the UK’s economy with a prawn Pad Thai and some duck rolls. 

How to curb the appetite to spend

Plan and prep

Reduces food wastage, reduces daily effort, reduces impromptu shopping trips and costs and reduces end-of-week cooking fatigue. 

The only con is the little bit of extra time you have to spend once a week, but I’m sure you can agree the benefits far outweigh the negatives. 

Time to stock up on Tupperware.

Hit delete

Delete the food delivery apps from your phone and remove your saved card details from your cache. 

If you don’t have the temptation and the swift ordering process there, you’ll be less inclined to make 

Create a food fund in Chip

Allocate a portion of your savings specifically to eating out/ordering in. Once you set yourself a controlled and realistic amount to dedicate weekly/monthly food bills, you are more likely to stick to it. 

Cook food you actually want to eat

If you’re reaching for the battered old Chinese menu again at the thought of having chicken and bloody broccoli for the fourth time this week, break the cycle. 

There are millions of free resources for culinary inspiration. Check out MOB Kitchen’s blog, enter the ‘foodtuber’ sphere on Youtube (Chip recommendation: Binging w/ Babish),  BBC food, Pinterest, the bajillion Instagram food bloggers, or just a good ol’ fashion cooking TV programme. 

Go cardless

Leave the house without your bank card and without your wallet; we don’t want the smell of fresh pastries to lead you astray. 

The golden rule...

For the love of goujons, do not shop on an empty stomach. No-one wins. Except maybe Sainsburys. 

The cheese from Chip

Consulting the digital answer to a vox pop, the Instagram story, we asked you guys if you were spending more on food/takeaway since Coronavirus.

101 of you voted ‘yes’ to the increased spending, against 25 who didn’t find they were spending any more than usual.  
We then took it to the Chipmunks, our more involved VIP Chip community. 

Want to join the bunch? Click here! (It’s free and doesn’t involve a million forms, don’t worry).

While we encourage a hard earned treat and night off from cooking, we also want you to stay on track towards your savings goal. This means sometimes making sacrifices, and subbing the short term gratification of a McDonalds meal, for the long term reward of making it to £500 in your Chip account.

To keep you motivated, be sure to use Chip’s goal feature to have something specific to work towards; it could be a big Italian spread - just actually in Naples. 

When investing your capital is at risk

Remember your Capital is at Risk and past performance is not a reliable guide to future returns. The value of your investment can go down as well as up and you might get back less than you originally invested.

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