Manage Your Life

Tuesday, February 9, 2010

8 tips for stretching your dining-out dollars

On any given day, one-third of Americans will visit a restaurant, according to the National Restaurant Association. In 2009 alone, U.S. restaurants will serve up more than 70 billion meals and snacks. That's a lot of food! Unfortunately for restaurant patrons, it also adds up to a lot of money. In most cases, a restaurant meal will cost significantly more than cooking at home will. But what if you're just not willing to sacrifice the convenience and luxury of dining out? The good news is, you can still cut your expenses significantly. We provide eight ways to slash your restaurant expenses. (For more tips on cutting your food costs, see 22 Ways To Fight Rising Food Prices .)

To See Full Article, Click Here.

  1. Do Lunch
    Because restaurants experience much lower volume at lunch, lunch offerings are much cheaper than the dinner menu. And this doesn't necessarily mean that you'll be stuck with sandwiches and burgers – many restaurants offer an abbreviated version of dinner menus for lunch, allowing you to enjoy your favorite dishes for as much as half the dinner price. Also, if the restaurant is less busy, you are also likely to get better and faster service.
  2. Skip the Extras
    Think about why you go out to eat – it's not so you can have a watered down iced tea or a $12 glass of wine, so if you can go without these items, skip them. Drinks, appetizers and desserts tend to have a much higher markup than entrée offerings, and can easily double the price of your dinner. Plus, do you really need all that food?

    For More On Investopedia.com

    Budget Without Blowing Off Your Friends

  3. Get It To Go
    If drinking water and skipping dessert isn't an option for you, consider taking your meal home, so
    that you can treat yourself to these items from your own pantry. This way, you can have a great bottle of wine, an ice-cold soda or even a tall glass of milk for half the price. Taking your order to go will also help you reduce the overall cost of your meal beyond those extras, because it's generally acceptable to pay a smaller percentage to tip the staff, as you are receiving considerably less service. (For more money-saving saving tips  
    that don't feel like a sacrifice, see Budget Without Blowing Off Your Friends .)
  4. Scrutinize "Specials"
    Daily specials can be a way for a chef to showcase a fresh local or seasonal item, or to test a possible new addition to the menu. These specials are sometimes invented at the last minute and presented verbally to diners – often without any mention of the dish's price. If you are considering a special item, make sure you understand what you are getting and how much it costs. If the price is in line with other menu items, it's a great opportunity to try a fresh new dish. At larger chain restaurants, "specials" may also be discounts of regular menu items used for promotional purposes. If you come across one of these, view it as a sale and order away!
  5. Kids Eat for Free
    If you have children, chances are you'll have to feed them - often. Fortunately, many chain restaurants offer free kids' meals with the purchase of adult entrées. This can save a bundle for those with children under 12 years old. If the restaurant you choose doesn't offer such a promotion, try to steer younger children to the kids' menu or ask the server if you can order (and pay for) a half portion for your child. Small children have smaller appetites, so this strategy can help reduce food waste as well. You can search for Kids Eat Free specials in your area at www.mykidseatfree.com. (Your kids might learn from your budgeting habits. Read 5 Money Skills To Teach Your Kids for tips on how to make a good impression.)

To See Full Article, Click Here.

For More On Investopedia.com

Budget Without Blowing Off Your Friends

Digging Out Of Debt In 8 Steps

How To Make Your First $1 Million
 

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From the Community…

Comments 1-10 of 59
  • heather c's Avatar
    Posted by heather c Tue Sep 15, 2009 11:05am PDT

    Ok where are the other "3" tips? Does it not read "8 tips for stretching..."? And call me cheap but I do not tip for "to go" items. I am paying enough for the food to go and possibly even extra for packaging, no tips here. If that is the line of thought why don't we tip fast food workers????

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  • STRAWBERRY's Avatar
    Posted by STRAWBERRY Tue Sep 15, 2009 11:23am PDT

    You have to click the link to see the full article

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  • Mysterious Gryphon's Avatar
    Posted by Mysterious Gryphon Tue Sep 15, 2009 11:37am PDT

    My best money-saving trick is actually from Weight Watchers:

    When you order your food, ask for a to-go box to come along with the meal, or simply ask the waiter to place half the food in a box and bring out the other half on a plate. Restaurant portions are usually so enormous that you can't really eat the whole thing and enjoy it. Personally, I usually end up picking at my leftovers until they are no longer fit to take home at all.

    Boxing them immediately means I eat less and still have a prepackaged lunch for work tomorrow!

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  • Carly-Beth's Avatar
    Posted by Carly-Beth Tue Sep 15, 2009 12:07pm PDT

    Ok but you may think that its like fast food but its not. They gather your food make sure everything is correct in your oder and where i work they take it to your car. Also PLEASE dont SKIMP on tipping your server while going out to eat 2.13 is what i make... and you money is occasionally insulting while leaving barely anything. Yes going out is a luxiory in this day and age but you need to take care of who takes care of you at the table. AND IF UR KID SLOPS, more tip should be given. SO a tip for saving?> DOnt go out if you dont have the money to spend on EVERYTHING including TIP

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  • Carly-Beth's Avatar
    Posted by Carly-Beth Tue Sep 15, 2009 12:09pm PDT

    Also going out to eat... "hey you" is not the proper way to address your waiter. And dont wave your arms around while waiters are at ather tables. If you do want a good experience, be courteous. We are hear to provide a nice experience, but you arent always the only table we have at the time!!!

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  • r0sie's Avatar
    Posted by r0sie Tue Sep 15, 2009 12:24pm PDT

    I sign up for a lot of the restaurant email lists. Many of them will occasionally send out coupons (really good ones too!), and I try to wait around for them before dining at my favorite places.

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  • heather c's Avatar
    Posted by heather c Tue Sep 15, 2009 2:49pm PDT

    My comment was if we are to tip at a restaurant for "to go" food should we be tipping at a fast food place, NO.Both have to cook the food, make sure it's all together, and serve it to you. And frankly if I order out from a restarant 9 out 10 times they did forget something. The same can't be said for fast food places. I have never order out from a restaurant where they bring it out to you. Then I may tip a few for the convience. But really I'm driving to the restaurant,waiting, checking my food and correcting the order, and serving myself at home. Tip me.

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  • Lupe's Avatar
    Posted by Lupe Wed Sep 16, 2009 9:51am PDT

    IT IS RIDICULOUS TO TIP FOR A "TO GO" ORDER. There is nothing that a restaurant would do differently then McDonald's and you don't tip fast food workers.

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  • Roger L's Avatar
    Posted by Roger L Wed Sep 16, 2009 10:13am PDT

    I hate pushing a website or business, but Restaurant.com can save you a lot of money on eating out. As far as "to go" orders, it is not the restuarant I am paying for service, it is the lady getting $2 and something an hour. I can promise you the service improvement shows when you tip, and I appreciate their hard work.

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  • Me's Avatar
    Posted by Me Wed Sep 16, 2009 10:22am PDT

    I do NOT tip to-go orders. In my state the wait staff is paid min. wage - they don't need extra for doing the same thing as McDonalds.

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