Top 10 food trends and how much they'll cost you

Top 10 food trends and how much they'll cost you

Kale is out… it’s now about brussel sprouts

Resolutions come and go but goal of eating healthily always prevails.  Nutrition tops most people’s priority list but sustainability is steadily gaining traction among healthy eaters.

We’ve scraped through the best trends which will help you shave off kilos and add weight to your bank balance. Limit your portions, shop for the right ingredients and add more coins into your kitty as you keep up with top 10 food trends.

Bowl Foods

Plates are out, bowls are in. Think power bowl, glow bowl, burrito bowl, breakfast smoothie-bowl and banzai bowl. Or even Hawaiian Poke Bowl, trending in the US and partly in Australia. Add a portion of wholegrain, pop some veggies in, sprinkle on oils, spices and herbs to create a cost-effective yet delicious meal.

Fat is good?

How we loved those bold headlines which declared fat is good. Before rushing towards that piece of cake, let’s be clear that only naturally ‘full-fat’ products like single-serve nuts and yoghurts make the cut. If you’re on a budget, pick your nuts wisely – at around $50/kg macadamia nuts can break the bank if you’re not careful. Pine nuts are equally expensive, starting at around $50/kg but climbing as high as $80/kg if you are only buying them in small portions.

Flexitarianism

Move over vegans, flexitarians are here – that’s the punters who follow a vegetarian diet and occasionally consume meat. Before you doubt their authenticity, consider this. They look after their health, bank balance and the planet in one shot by replacing meat with beans and pulses which are a lot cheaper by the kilo than a fancy rump steak.

Waste-Free Kitchen

For centuries, Asian households have used all parts of their animals and vegetables in a bid to make the most of their resources. Now it’s officially a ‘trend’. The popularity of waste-free cooking has picked up speed in the last five years but it can actually be traced back to 1999 when Fergus Henderson published Nose to Tail Eating: A Kind of British Cooking (although back then, there weren’t many takers). Today, chefs proudly declare and display their stem-to-root, nose-to-tail or fin-to-tail philosophy along with their Michelin stars.

If the thought of eating liver, tongue, brains, tripe and tail freaks you out, start with veggies first. Add beet stalks or radish leaves to your salad. Flavour stocks with carrot, cauliflower and tomato stem or even corn cobs. Use broccoli stalks in soups. Look up recipes to use artichoke leaves, potato skins and watermelon rinds. 

Related stories

 

Toss that carb-heavy pasta … spiralised veggies are in

Raw food enthusiasts have been swearing by this for a long time. Now gluten-free and Paleo diet followers are on board. If you want to cut down on carbohydrates, get your hands on a spiraliser and start experimenting. Replace traditional pasta or noodles with veggies to create some innovative dishes: Spaghetti Squash Mac & Cheese, Broccoli slaw pasta and Zucchini Noodles Aglio E Olio. Long or round and hard veggies spiralise best as they retain texture, raw or cooked. Feed your imagination with: zucchini ($4/kg), beetroot ($4/kg), sweet potato ($4/kg), carrot ($1.80/kg), cucumber ($2/ each), broccoli ($4/kg) and butternut pumpkin ($4/kg).

Farro is the new quinoa

Amore Farro. This Italian favourite ancient grain is now hip due to the fact that it’s jam-packed with B vitamins, calcium, protein, fibre and magnesium. Earthy-flavoured, sumptuous and enjoyable hot or cold. Easily add Farro ($11/kg) to your soups and salads.

Pulses are so 2016

It’s official. 2016 is the International Year of Pulses as declared by United Nations. It’s a fact that hasn’t passed past the supermarkets either. Look for dry peas, beans, chickpeas and lentils on the shelves, alongside a number of pre-packaged options for time poor people who want a healthier option to the old fashioned canned spam!

Kale is out, brussel sprouts are in

Let’s be honest, you never really took to that Kale, did you? Rejoice as Brussel Sprouts ($6.25/kg) are now buzzing. Packed with antioxidants and anti-cancer compounds, they have found their way into modern, health-conscious menus. Shred, marinate or lightly blanch your brussel sprouts before tossing them into a salad. Roast them whole with spices or transform them into crispy chips.

Replace your steak with cauliflower

Okay, we get it’s not the real thing, but if you are serious about flexitarianism, give cauliflower ($4.90 each) a try. This is as low-calorie, fat-free, cancer-fighting as a ‘steak’ can get. Choose one with a tight crown or florets that are clustered tight, remove the stem and leaves, trim the sides and cut steak-like, thick pieces. Save the leftover florets for stock or soup. Brush olive oil on each, rub your favourite herbs and spices, sear, and then roast until caramelised and brown in oven for about 15 minutes.

Ferment to keep your gut fresh

Fermented foods are packed with valuable probiotics, digestive enzymes and healthy nutrients. Code for: splendid for your gut. Savour the pungent, acidic flavour of fermented food as your body absorbs the goodness.

Ferment your own veggies and grains at home or stock up at the health food store including marinated artichokes ($17.30/kg), dill pickles ($18/litre) and grilled eggplant ($18/kg). Or try tempeh ($10.15/ 300 g), kimchi ($20/kg) or sauerkraut (Krakus bottle $3.99/ 900 g). Soothe your throat with kombucha (Tonicka $18/litre) and Indian Lassi. Finally, don’t forget the staple gem in your fridge: yoghurt ($6.99/kg).

Related links:

Did you find this helpful? Why not share this article?

Advertisement

RateCity
ratecity-newsletter

Money Health Newsletter

Subscribe for news, tips and expert opinions to help you make smarter financial decisions

By signing up, you agree to the RateCity Privacy Policy, Terms of Use and Disclaimer.

Today's top savings accounts products

Advertisement

Learn more about savings accounts

What is a good interest rate for a savings account?

A good rule of thumb to keep in mind with savings accounts is to look for a rate that is higher than the CPI inflation rate. This number is constantly changing, so check the Reserve Bank of Australia’s page. If you aren’t earning interest above this then the value of your money will go backwards over time.

How can I get a $4000 loan approved?

While personal loans and medium amount loans don’t offer guaranteed approval, there are steps you can take to help increase the likelihood of your application being approved, including:

  • Fulfilling the eligibility criteria (providing ID, proof of residency, proof of income etc.)
  • Checking your credit history (you can order one free copy of your credit file per year, and make sure that there aren’t any errors that may be bringing down your credit score)
  • Comparing carefully before applying (making multiple loan applications can mean having your credit checked multiple times, which can look bad to some lenders and reduce your chances of being approved by them)

How much money should I have in my savings account?

A good rule of thumb when working out a minimum balance for your savings account is to make sure that you’ll earn more in annual interest on your savings than what you’ll be charged in annual fees.

If you’re saving with a specific goal in mind, prepare a budget so the interest you earn on your deposits will help you efficiently reach this goal. Online financial calculators may be helpful here.

Can you have multiple ING savings accounts?

Yes, you can open up to nine accounts with ING at any particular time. If you’re saving money for various goals, such as buying a car or taking a holiday, you can name each of your multiple ING savings accounts differently.

To get a Savings Maximiser account, you’ll need to deposit more than $1000 every month and make at least five additional purchases. If you also want to grow your savings, from 1st March 2021, you can earn up to 1.35 per cent per annum variable interest on one account with a balance of up to $100,000 when you also maintain an Orange Everyday account.

With ING, multiple savings accounts can help keep track of all your savings goals. All the accounts offer flexible withdrawals where you can withdraw as low or as high as you want without impacting your earning interest rate. However, you can only earn the bonus interest on one account. To apply for a Savings Maximiser account, you can visit ingdirect.com.au.

Should I open a Commonwealth locked savings account?

If you have trouble saving money, a Commbank locked savings account could be a potential solution. A locked savings account won’t let you make withdrawals and as such, it can help you grow your savings balance if you keep topping it up. 

The Commonwealth locked savings account advertises high-interest rates and minimal maintenance fees, along with a host of other incentives that will encourage you not to touch the money. 

The account offers a higher interest rate for each month that you make limited or no withdrawals, as well as regular deposits. 

To qualify for a Commonwealth locked savings account with the advertised features, you will need to fulfil specific criteria such as:

  • Depositing a fixed minimum amount into the account every month.
  • Making a fixed number of deposits each month.
  • Making a minimum or no withdrawals each month.
  • Maintaining a minimum account balance.

What is a savings account?

A savings account is a type of bank account in which you earn interest on the money you deposit. This makes it one of the easiest and safest investment tools.

How to make money with a savings account?

Savings accounts make you money by earning interest on your savings. The more money you deposit, the longer you leave it in the account, and the higher the account’s interest rate, the more interest you’ll be paid by the bank or financial institution, and the more your wealth will grow.

To make sure your savings account makes money and doesn’t lose money, it’s important to maintain a large enough minimum balance that the annual interest earned exceeds any annual fees charged on the account.

What is a Westpac locked savings account?

The Westpac locked savings account (also known as "Westpac Life") can help customers reach savings goals faster through bonus interest. Customers receive 0.2 per cent standard base interest with a variable bonus rate of 0.35 per cent when the closing balance at the end of the month is higher than the opening balance.

There are some conditions to earn the bonus interest on Westpac's locked savings account, though. First, you’ll need to increase the balance each month either through a deposit or not making any withdrawals, and then link it to a Westpac Choice account and make at least five eligible payments using your debit card. Please consult your bank as to what an eligible payment is. 

What is an ANZ locked savings account?

An ANZ locked savings account locks your money and prevents you from spending. You may use a standard savings account as the account where your salary is deposited. You can then withdraw funds when needed, but aren’t able to make purchases with it. However, this account may not grow much as the continual withdrawing of funds will limit the interest you can earn.

With a locked savings account in ANZ, you know your savings will grow because you can’t access the money. You can also qualify for a bonus when you deposit at least $10 per month and don’t make any withdrawals. To help you with this further you can set up an automatic transfer from your regular ANZ savings or transaction account so you don’t forget to make a monthly deposit.

Your ANZ locked savings account offers you a base interest rate of 0.1 per cent per annum plus an additional bonus interest of 0.49 per cent per year. The interest is calculated daily and credited to your account on the last working day of the month.

How to open a savings account for my child?

Some banks and financial institutions allow parents to open a bank account for their child as soon as it is born, and start depositing funds to go towards the child’s future.

Children’s savings accounts generally don’t have fees, and are structured to help develop positive financial habits by limiting withdrawals, encouraging regular deposits, and earning interest on the savings, similarly to standard savings accounts.

What is the interest rate on savings accounts?

As banks frequently change their rates, the most accurate way to look at interest rates on savings accounts is to use a savings accounts comparison tool. When you look at the savings rate check what the maximum and minimum rates are. Often banks will offer you a promotional rate for the first few months which is competitive, but then revert back to a base rate which can sometimes be less than inflation. Ongoing bonus rates are often a safer bet as they will keep rewarding you with the maximum rate, provided you meet their criteria

Can I overdraft my savings account?

A lot of savings accounts won’t let you overdraw. Some will allow this feature but you’ll need to apply first. It’s best to read the fine print and check with your lender whether this is a feature they offer. It can be a helpful addition, but as your lender can charge you a fee as well as interest for going into negative numbers, it’s best to avoid overdrafting when possible.

Can you have a joint savings account?

Yes. Joint savings accounts can be useful for two or more people wanting to combine their savings to meet shared financial goals, including spouses, flatmates and business partners.

Some joint savings accounts require all parties to sign before they can access the money. While less convenient, this extra security can help encourage all parties to meet their shared financial goals.

Other joint savings accounts allow any of the account holders to access the money. These accounts can be convenient for financially responsible couples that trust one another implicitly. 

Can you direct deposit to a savings account?

Yes. You can make one off payments or set up regular direct deposits into a savings account. This can be organised easily through online banking or by making deposits in a branch. Talk to your lender to find out the easiest way for you to set up direct deposits.