As the cost of living continues to rise, many Australian families are looking for ways to save money wherever they can.
While food is something we all need to buy, ALDI has claimed that shoppers can save a staggering $ 2468 a year by making one simple switch.
Watch the video above for more on how to slash your grocery bill
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The supermarket says you can slash your grocery bill by purchasing the home brand products available in their store rather than more expensive branded equivalents from Coles and Woolworths.
“There is no catch, just come in and shop with us,” ALDI spokesperson Adrian Christie told Sunrise.
“We have a price promise to our customers and that is we’re between 15 and 25 percent cheaper than our nearest competitor.”
New research commissioned by ALDI found a basket of goods at the supermarket is 15.6 per cent cheaper than at competitors, saving the average family $ 1555 a year.
The price gap widens significantly to 24.7 per cent when comparing ALDI products to the equivalent branded product.
With the average family spending 7 per cent of their income on groceries, this means they could save a whopping $ 2,468 each year, if they usually buy branded products.
Christie said that while ALDI does not offer “all the frills” available at Coles and Woolies, it guarantees the best value for money.
“We have a smaller range of goods, we have a smaller shop, we have a smaller footprint,” he explained.
“We make you pack your bags and all of our products are stacked on the shelves in the boxes they come in.
“These are the efficiencies that allow us to offer those low prices.
“With price pressures at the moment and Australians really feeling the pinch from inflation, we say just make the switch.”
How to save more than $ 1000 on your grocery shopping every year
In March, experts also revealed a simple way to slash your grocery bill by more than a thousand dollars each year.
Research commissioned by ING bank found people who did their weekly food shop online saved an average of nearly $ 1370 over 12 months.
ING head of digital Amy Cunningham said the research suggested buying groceries remotely could be one of the easiest ways to save money as it’s quick, convenient and you avoid impulse buys.
“When you’re shopping online and you can see that shopping cart, you can easily judge your budget,” she told Sunrise.
“You’re more likely to be organized and have your meal planner or your shopping list, so you can make sure you’re actually sticking to the ingredients you need.
“You’re also saving on petrol, car parking and time as well.”
The research also found the COVID-19 pandemic has accelerated the preference for online convenience among grocery shoppers.
Eight in 10 respondents to the national survey of more than one thousand adults said they started buying food online as they wanted to avoid traditional supermarket isles.