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Are you looking for fresh new ways to save on groceries? Have you tapped out all the coupons and store specials? Do you just want to save money on food?

Would you consider dropping meat, eggs, and dairy out of your budget to cut your grocery budget by around 30%?

Read on to see if you could try a vegan diet for a month in order to keep more money in your pocket.

What being vegan means

Veganism isn’t just for hippies or animal lovers anymore.

Both the health conscious and environmentally conscious are taking note, and even scores of celebrities are going vegan these days.

So let’s look past the stigma and dive into what veganism actually means.

At a basic level, vegans don’t consume meat, dairy, eggs, or any other product of animal origin.

Related: Which Grocery Store Has The Lowest Prices?

Vegan vs. vegetarian

According to this Healthline article, the term “vegan” comes from a group of vegetarians who left the Leicester Vegetarian Society in 1944. So the 2 terms have similar roots, but broke off from each other along the way.

The core difference between vegans and vegetarians is that vegans choose to eat no animal products whatsoever.

Vegetarians, on the other hand, don’t eat meat, but they may choose to eat food that comes from animals, like dairy and eggs.

There are also variations of vegetarianism, such as:

  • Lacto-ovo: those who do eat eggs and dairy products
  • Lacto: those who eat dairy products, but not eggs
  • Pescetarian:a semi-vegetarian who eats fish and seafood, but not meat

Vegans generally avoid not just foods that contain animal products, but also only wear and buy vegan products. For instance, most vegans avoid wearing leather and using skincare products tested on animals.

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How to get vegan protein for cheap

Since vegans avoid animal products, they have to get their protein from other sources.

Popular vegan protein sources are:

  • beans,
  • legumes, and
  • tofu.

Beans

To save on cost, the most economical way to buy beans is to buy them dried and in bulk. That way a little goes a long way.

The day before you plan to eat them, make sure you soak them overnight, then simmer them for a few hours the following day to make a huge batch of beans.

The great news is that cooked beans can be frozen, so don’t be afraid to make a large batch and freeze them until you’re ready to use them.

Additionally, you can freeze the aquafaba from the beans and chickpeas to use them later as an egg replacement in baking or to make vegan mayonnaise.

Legumes

Another cheap vegan protein is legumes, which cook up quickly for chilis, soups, and salads.

They add bulk to most recipes and are quite nice in meals with a lot of spices, such as curries and fajitas.

Like meat, lentils soak up the flavors in a delightful way.

Tofu

Tofu is a great source of soy protein that can be eaten both raw and cooked. The ways to prepare and cook tofu are endless, making it a super versatile protein.

Look for tofu at your local Asian supermarkets for the best prices. Tofu is a staple in Asian recipes, so it’s offered at reasonably cheap prices there.

Meat alternatives

If you like meat textures, you may enjoy purchasing actual meal alternatives that feel and taste like the real deal.

The only caveat is that they’re often pricey, or at least on par with actual meat prices.

But if you’re willing to make them yourself, you can save a lot of money.

Most vegan steaks and patties are made from beans, lentils, or tofu, so as long as you purchase those ingredients cheaply, you can make vegan meats inexpensively at home.

A bonus is that you get to add your own herbs and spices, catering to your own tastes.

Cheap vegan iron

Vegetarians and vegans are at risk of anemia, due to the lack of animal protein in their diets.

But don’t worry – there are many excellent sources of iron in foods that are vegetarian and vegan friendly. You just have to make sure you make them part of your regular diet.

Here are some great options:

  • Both lentils and tofu not only pack a punch in protein, but also boast a good amount of iron.
  • Spinach is a low-calorie, leafy green vegetable with lots of iron. In fact, 3 cups of it contain more iron than an 8-ounce steak.
  • Oats, which are great for breakfast or in baking, are also a great source of iron. Make sure to buy them in bulk to get the most bang for your buck.
  • If you’re looking to satisfy a sweet tooth, try a few bites of dark chocolate, which also contains iron. The copper and magnesium in dark chocolate can also help protect against strokes and heart disease.

What are some vegan omega-3 sources?

Omega-3 fatty acids are an essential fat that provide many health benefits.

Having enough omega-3s in your diet can improve eye health, decrease risk factors for heart disease, and also prevent depression and anxiety.

Vegans can meet the recommended omega-3 intake by eating plant-based foods, like vegetables, nuts, and seeds.

Seaweed and algae are a great source of omega-3s, as they’re one of the only plant groups that contain both DHA and EPA, which are 2 types of omega-3 fatty acids. Seaweed, nori, spirulina and cholera are all different forms of algae that people consume for health benefits.

Related: Best Food Subscription Boxes In Canada: Hello Fresh Vs. Goodfood And More

Chia seeds are also an excellent plant-based form of omega-3s. As an additional bonus, they’re also high in fiber and protein. Adding chia seeds to yogurt and smoothies or mixing them with water to make an egg substitute are just a few of the diverse ways to consume them.

Hemp and flax seeds are also great sources of omega-3s and can be used the same way as chia seeds.

A comparison of a meat-eater vs. vegan grocery list

These are all delicious options, but is going vegan really better for your wallet?

To answer this question, I’ve compared a weekly grocery shop at Walmart between a meat-eating family and a vegan family.

I aimed to buy approximately the same amount of food. But I did add more lentils, beans, and seeds to the vegan shopping list to add more protein to their meals, since the packages of vegan meat tend to be smaller.

The bulk packages of lentils and beans were dried, which meant these items will likely last more than a week.

With all things being equal, one family’s grocery budget comes out on top:

Item Number Meat-Eating Family Vegan Family
1. 800g Lean Ground Beef $10 Vegan ground beef $4.97
2. 850g Chicken Breast $11 Veggie chicken $4.97
3. Packet of stewing beef $12 Dried kidney beans $2.57
4. Salmon Fillet $21 Dried Lentils $2.57
5. Cucumber $1.47 Cucumber $1.47
6. Roma Tomato $0.78 Roma Tomato $0.78
7. Rainbow Bell Peppers $3.97 Rainbow Bell Peppers $3.97
8. Sweet Potato $1.83 Sweet Potato $1.83
9. Broccoli Stalks $2.97 Broccoli Stalks $2.97
10. Onion $0.93 Onion $0.93
11. Baby Carrots $3.47 Baby Carrots $3.47
12. Bananas $0.90 Bananas $0.90
13. Strawberries $2.97 Strawberries $2.97
14. 2% Milk $3.58 Almond milk $3.87
15. Free-run large eggs $6.38 Tofu $2.47
16. Cheddar-cheese $4.47 Vegan cheese $4.47
17. Loaf of Bread $2.97 Loaf of Bread $2.97
18. Bacon $5.97 Vegan ham $2.97
19. Romaine Lettuce $4.97 Romaine Lettuce $4.97
20. Dried black beans $2.57
21. Organic chia seeds $4.97
22. Organic flax seeds $2.97
Total 19 items $101.63 22 items $66.60

As you can see, with approximately the same amount of food, the vegan grocery list is more than 30% cheaper, which means that extra money could go towards purchasing extra items on sale to stockpile for the future.

Plus, with the vegan budget, you could treat yourself to special purchases such as dark chocolate and vegan baking supplies.

Ways to save even more money as vegans

Want to save even more? Here are a couple more tips for you.

Grow and forage

If you have the space, you could consider growing more of your food, especially your vegetables and fruits. This would cut another huge expense in your budget.

Even growing fresh herbs on your window sill can save you money in the long-run, as buying fresh herbs can be quite expensive.

You can also forage fruits when they’re in season. Why buy a small basket of berries for $5 when you can pick them for nothing?

If you’re willing to learn about foraging mushrooms, these superfoods can add a lot of bulk and nutrition to your meals, not to mention taste. Just make sure to not pick the poisonous kind…

Buy in bulk and batch cook

If you’re accustomed to batch cooking as a meat-eater, try it as a vegan.

Cooking up beans ahead of time will save you time and money in the long-run. Beans are a staple in the vegan diet and can be used in everything from stews, soups, and salads to casseroles and baking.

Beans have a much longer shelf life than meat does, so don’t be afraid to stock up when there’s a sale on beans and lentils, since you can keep them in your pantry for a long time.

Even discount stores (such as the dollar store) sell vegan staples like beans and rice. All you need is a variety of spices and vegetables to liven up these key vegan ingredients.

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Is going vegan the best choice for your wallet?

I think it’s fair to say that going vegan would most definitely cost you less than consuming a meat diet would.

If you ate only ready-made mock meat, it would cost you, but the vegan diet is most balanced when you have a mix of protein sources, coming from lentils, beans, nuts, and seeds. All of these items are incredibly affordable, especially when purchased in bulk.

One downside of going vegan is that most restaurants don’t have a large selection of vegan menu items, if any. But, if you think about it, that’s kind of a benefit – there’s a lot less temptation to go out to eat and get take-out. This has positive implications for your wallet and diet.

Even if you feel that you can’t give up meat, having a few vegetarian meals a week would significantly cut back on your budget.

What about you?

Are you willing to try veganism for a month? What about a week?

Or maybe you’re already vegan or vegetarian – have you noticed a big difference in your financial and physical health?

Let us know in the comments below.

If you liked this article and want more practical ways to save money every day, we've compiled our best tips all in one place.

Editorial Disclaimer: The content here reflects the author's opinion alone, and is not endorsed or sponsored by a bank, credit card issuer, rewards program or other entity. For complete and updated product information please visit the product issuer's website.

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Comments

Mary
Mary |September 2, 2020
I have been eating fully plant based for 2 years now. This health conscious and ethical decision has rewarded me over and over and over, To begin, my body and brain thank me daily, I am 63 and I do not have any health issues that require medication, so that for me is noteworthy, and my skin and hair and nails are healthy and strong. I have energy for the daytime an I sleep well at night. Then , from a money standpoint, meals are inexpensive to prepare, I use a crockpot often and make a large amount of beans or lentils and veggies, which I can share or consume over a few days or freeze, and Ive taken a journey across the world with the recipes I have found, it is so much fun experimenting with spices and I ve not been disappointed. No more boring meals! I have saved a ton of money, Oddly, I work in a market where meat is a main sell, and it is shocking to witness the amount of meat people consume and the money they part with to do it. And lastly, when I say I sleep well at night, a factor in that is that I have done my part in being non contribuatory to the exploitation of animals and fish, no animal has had to mercilessly die in order for me to have my something on my dinner plate, it feels so good not to be part of that, also environmentally it has a big positive impact. I am so happy I was encouraged to seek out information and watch documentaries about the meat industry, it made the decision to transition so easy, At this time in my life, I am also shortchanging the pharmacutical industry as I am what I eat, not what pills I am on.
Gina
Gina |September 2, 2020
I've felt similar effects going vegetarian (I also don't each much dairy). Was really cool to see these numbers side by side! For me personally, having these extra savings means being able to splurge a bit on whole and organic foods.
 
moneyGenius Team
moneyGenius Team |September 3, 2020
Thanks for your comment, Gina!
 
 
Colin
Colin |January 30, 2020
Your grocery purchase list comparison is a bit misleading. People who buy meat at those prices are either well-off or have more money than brains. If you buy ground beef or chicken breasts on sale and use a small chest freezer to stock up, the per-unit prices compare to those of the vegan equivalents, which themselves are likely overpriced for the ingredients they contain in order to account for the prep work. And nobody who is on a middle- to lower-class budget buys salmon at that price on a regular basis, so you can pull that off the list. Once you take sale purchases into consideration, the two purchase list totals are virtually identical. I know you're boosting veganism, but in the end it would be a philosophical choice rather than an exceedingly economically advantageous one. And besides, I like being on top of the food chain. ;-)
 
moneyGenius Team
moneyGenius Team |February 4, 2020
Hello Colin, You're absolutely right that there are many ways to cut costs, especially when it comes to buying meat. We just wanted to compare a typical grocery list, though it may not be maximizing our grocery budget – after all, not everyone has time to compare unit sizes and price check every grocery trip. Thanks for joining the discussion!
 
 
Charlane
Charlane |January 25, 2020
Thank you for a good article with cost comparisons. I'm pescatarian (due to health issues), but the other 2 members of my family still eat meat. I do the cooking so they eat less now. I believe we have reduced our grocery spend however I have not done a good analysis. Perhaps buying meat alternatives should be compared to chicken fingers? Or some other sort of processed meat? As the meat alternatives are a processed protein often with seasonings. Compare using tofu vs chicken, a typical conversion for stir fry. Both get seasoned at home, and the tofu ends up with the same texture as chicken if you cook it properly. I too find Almond milk for a much lower price than stated. Otherwise a great article showing the benefit of even just reducing meat can save your wallet, as well as your health.
 
moneyGenius Team
moneyGenius Team |January 30, 2020
Thanks, Charlane! That would certainly be an interesting comparison. I looked up a box of chicken fingers at Walmart, and the only one they had listed was a 750g box for $9.97. Because the box is over 300g bigger than the veggie chicken option we listed, we'd have to buy 2 of the veggie option for things to be more equal. So if we replaced the chicken breast with these chicken fingers, and bought 2 of our veggie chicken option, you're looking at $9.97 vs. $9.94. The overall effect of this change on our total would be $100.6 vs. $71.57 – a 29% difference between the 2 carts instead of 34%. Thanks for the great insight!
 
 
Cheryl
Cheryl |January 23, 2020
Good article. I'm a pescatarian but mainly I eat vegan. I don't normally buy dairy or eggs but it's no big deal to me if they're in something I'm eating, like cookies or other baked goods. As for vegan milk, your price came in kind of high for Walmart, but I'm thinking you're comparing a 4 litre jug of cow milk with almond milk that's not sold in that size and would have to buy two of the 2 litre sizes to be equal in volume. In the dairy case the 2 litre Silk brand of almond or cashew or soy milk was selling for 2 for $7 the other day at Walmart when I picked them up. Mix and match. I usually buy one cashew milk and one dark chocolate almond milk. The tetra packs on the grocery shelf are just under a litre and sell between $2 and $4 depending on brand. The other benefit to buying plant based milk is I've never had them go bad on me. I can't tell you how many times over my life I've had milk go sour and still days until the best before date and had to pour it out. I've never had wastage since switching to plant based milk
 
moneyGenius Team
moneyGenius Team |January 30, 2020
Thanks for the great comment, Cheryl! You're right – the milk pricing didn't quite make sense, so I've replaced both prices with the price of the more typical 2L carton.
 
 
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