Personal Finance

3811 readers

1 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

[email protected]

[AskFinance] How often do you eat out, and does that impact your finances? (discuss.tchncs.de)

submitted 1 year ago by [email protected] to c/[email protected]

26 comments fedilink hide all child comments

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] 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.