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For families who like to shop in bulk from warehouses like Costco and Sam’s, than investing in a deep freezer would be a smart idea.
If your budget is a little tight, consider buying one second hand from classifieds sites like Craigslist.org I purchased a quality freezer from a woman who was moving and no longer needed it. It was only 3 months old and it was less than half the price of buying it retail.
When buying meat in bulk, you can seperate it into portion sizes and store them in plastic freezer baggies. I like to use the Ziploc vacuum freezer bags or Reynolds Handi-Vac. Its fairly inexpensive and sucks out any air in the bag to prevent freezer burn, but any quality freezer bag would work fine. Use a permanent marker to label dates on your bags to remind you to use an item before it goes bad.
Ground beef can go for about 3-4 months, Chicken 9 months and Fish 3 months. There is also a handy food storage list on the Reynolds website.
Check out my article containing a complete list on how to save money on your grocery bill.