Can Going Vegan Save You Money?

Depending on your circumstances, going vegan could save money.

However, the amount you’d save is nothing compared to what you could accomplish with a debt solution such as an IVA. Click the button below to find out if you’d qualify:

It’s estimated there are around 600,000 vegans throughout Great Britain. Perhaps one of the country’s fastest-growing movements, veganism involves following a plant-based diet without consuming any animal products.

Some convert to veganism due to environmental or animal-welfare concerns. These are admirable reasons certainly, but some also believe that a vegan diet could save money. If that’s true, just how much cash should you save by changing your food habits?

If you already eat meat…

If you already eat meat and convert to veganism, it’s estimated you’ll spend about £21 less on your groceries each month. This claim was made by a finance company who had their research published by the BBC.

This could be because protein is one of the most expensive elements in a food order. As this is commonly located in meat and cheese, replacing those with vegetables could save you money in the long run.

If you’re a vegetarian…

If you’re a vegetarian, and switch to veganism, the opposite apparently happens. In fact, it’s estimated your monthly grocery bill could become £11 more expensive. The reasons for this are unclear but with meat already cut from your diet, it’s believed swapping dairy for vegan alternatives can push the costs up.

It’s probably not worth it

Although going vegan could save you money, having an extra £21 in your bank account isn’t a huge sum. In fact, some would argue it’s a high price to pay for completely cutting animal products from your diet.

This is also – presumably – assuming the vegan foods you buy are good value. Just like every product in a supermarket, there are variations in cost and quality. Vegan products aren’t automatically more expensive than regular alternatives but some can still be pricey.

Fundamentally though, switching your diet to veganism won’t save a fortune.

Debt solutions which pay off

If you’re looking to save money – and get on top of your debts – then we’d recommend going for a solution which returns a better investment than switching to veganism. Through an IVA, for instance, you could save money each month through an affordable payment, stop creditor harassment, and ultimately write off significant amounts of what you owe.

For more information, and to find if you qualify, click the button below:

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