this post was submitted on 14 Aug 2023
49 points (100.0% liked)

Personal Finance

3748 readers
2 users here now

Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!

Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)

founded 1 year ago
MODERATORS
 

Asking the question as it seems to be a recurrent issue among finance-aware people.

Also if people have tips to save money on eating out or cooking, feel free to share!

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 4 points 1 year ago (1 children)

Single person here. I eat out nearly everyday but not necessarily at full service restaurants. A lot of times it's fast casual fare that has fresh and healthy options - think Mediterranean plates, poke bowls, deli sandwiches, etc. A typical day is $15-$25 that covers two meals.

Yes, I could be saving some money by cooking at home but the time, gas, and energy I would need to spend makes it not worth it. I've also found that my attempts at cooking leads to a lot of food waste. A 2.5 lbs roast is equal to 2 weeks of meals for me and even though I could freeze some of it, I know from past experience that ill never pull it out of deep freezer storage. I'll get bored of eating the same thing after a few days and then abandon everything.

I like eating out because I get to do a variety of foods throughout the week, enjoy the social aspect, and like to support good local businesses with my money. Some tips if you go this route:

  1. I always bring my containers for leftovers. I get to pack things my way and I'm 90% more likely to eat my leftovers.

  2. I always bring my own drink (when possible), usually water to cut down cost.

  3. Sometimes I'll bring my own dessert, like a snickers bar, to not be tempted to buy their desserts.

  4. Less/no tip for fast casual

[–] [email protected] 2 points 1 year ago (1 children)

If you don't mind sharing, how much do you spend on your food (eating out) compared to your income? Compared to other essentials like house/apartment?

[–] [email protected] 1 points 1 year ago* (last edited 1 year ago)

So to share a little more, the $15-25 per day spend isn't the entire food spend picture for me. I typically will have at least 3-5 social/splurge events per month that will range between $60-$120. I live in a HCOL area so my housing cost is $3500/mo. If we calculate on the higher side if things (5 days × $120, and 25 days × $25), I spend about 35% of my housing cost on food so it is significant. However, it's also the main source of my social entertainment so I justify my spending based on both that and eating necessity. I try to keep my daily food spend on the lower/reasonable side because I know I'll have my splurge days.