There is NO food wasted in my house.
Extra bread goes in the freezer.
Actually I bought a massive bag of those little soup bread roll things ('Pan de sal' in the Phils) for about 15p on the reduced shelf...ate a few and then froze the rest (about 20 of them left).
Now normally you revive such things in a proper oven, but I thought I'd just give some a couple of mins in the microwave, and have to say...they came out perfect. Fresh-tasting and crunchy on the outside.
Also I buy toasty loaves from the 'reduced' shelf every week for freezing, and then straight into the toaster as and when needed. Perfect toast.
No excuse for chucking food out when you have a freezer.