When it comes to eating out in a restaurant, people are quick to assume that it is a small expense. However small such expenses are, it adds up after prolonged periods and can make a big difference in our saving levels. It may look nice to sit down in restaurants to dine, be rest assured that the impact of this decision on your finances is significant
Despite the over-emphasis on saving money by eating out frequently, people who have formed this habit from college days do find it difficult to adjust and make amends. Some have tried, but still, find it hard sustaining the advice.
Just how much does eating costs? Eating a $15 lunch out mounts to $75 a week on restaurant food. This gets to nearly $4000 in a year. Consider taking two meals out on a daily basis.
Eating out is so expensive, as restaurants often charge as much as 300% mark up on the food you are served, all in a bid to make a profit. Yes, the food you make by yourself at home might not be as tasty as the ones in restaurants. But you should understand that you are saving much by taking the decision to cook at home.
Cooking at home may seem not budget-friendly since you need to churn out significant amounts to stock up the kitchen, not to talk of the time invested into cooking and shopping. However, it is a finance saver. Here are some of the tricks you can adopt to limit the times you spend eating out:
- Develop a plan of the food you like to eat and stock up such foodstuffs. Endeavour to make a meal plan for the day and stick to such plans.
- Ensure that you don’t treat food as a luxury. Just make sure you eat something. All that matters is that the food you eat should contain all the necessary nutrients to give you the health you need
- Evaluate the price of a particular quantity of fries and chicken. Try making a portion of same at home to understand just how much you throw away buying it in a restaurant
- If the excuse is that you stay out for long periods, try the option of cooking your meal at home and take it out with you in a packed container to keep it hot.
- Practice the habit of eating only what you cannot easily cook at home in restaurants. This would limit your propensity to depend too much on costly meals
- Discourage friends and families from habitual eating outs. The act of discouraging others from a habit is sure to make you stick to the advice yourself if you are a rational human being.
It is not like you have to stop eating out entirely to boost your savings. Occasional eating out, in the company of friends and acquaintances can be considered. However, the habit of depending solely on restaurants for daily feeding will not improve your savings.