5 Ways To Eat Out For Less

by Manisha Thakor

Tough economic times present an interesting financial conundrum for our tum-tums.

During rocky periods it’s natural and healthy to want to seek out friends and companionship.  Breaking bread and having a good chat is a wonderful way to release work/life stress. But given our busy lives many of us end up spending time with others while eating out… which can really add up.  So here are 5 simple things you can do to eat out for less.

1.    Share an entree or make a meal out of appetizers: In modern America food portions have become so super-sized that the average meal can feed at least 2… and sometimes even 3 people.  To avoid any surprises when the check comes, be sure to see if the restaurant charges a split entree fee. On a related note, some appetizers are so large they could easily fill you up as an entree and they generally cost half as much as a main dish.

2.    Be sure to ask how much the specials cost before ordering: This a major hot button of mine.  How many times have you found yourself in a restaurant when the wait staff describes a succulent sounding dish?  You go for it, only to find yourself fighting the urge to hurl when you see the bill and find out the price.  Personally, I think it’s a sign of financial self-confidence to politely ask “and what do those specials run?” so you can make an informed decision. It can be awkward to do it at first – but trust me, the whole table will appreciate it, and you’ll be a trendsetter.

3.    Soup, it does a body good: A nice bowl of hearty soup (think gumbo, beef stew, tortilla soup, or chili) often costs a lot less, contains healthier ingredients, and fills you up as much as a regular entree.

4.    Think before you drink: Beverages – alcoholic and even non – are very high margin products for restaurants.  At a minimum, think twice before doubling down.  If you can, savor one drink throughout the meal.  And if you’re really trying to cut back, go to nature’s best… a glass of tap water.  Doing this can easily shave 20% or 30% off your bill (not to mention pounds off your waist line!).

5.    Do lunch: If you have a really strong urge to meet friends at a fancy new restaurant, try doing it at lunchtime instead.  Prices are much lower, portions are more realistic, and you’re less likely to run up a costly alcohol bill.

What about you – any other suggestions you’d add to this list?

 


Want more financial love? You can follow Manisha on Twitter at @ManishaThakor and sign up for her email updates here. Manisha Thakor, personal finance expert for women, can be reached via her website, MoneyZen.com.

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Manisha Thakor

From Manisha's linkedin profile page:

Manisha Thakor is the Director of Wealth Strategies for Women at Buckingham Strategic Wealth and The BAM Alliance. 

Manisha and her colleagues provide both evidence-based wealth advisory services for high-net-worth households and core asset management solutions for women and families nationwide with $80,000 or more in investible assets. 

An ardent financial literacy advocate for women, Manisha is the co-author of two critically acclaimed personal finance books: ON MY OWN TWO FEET: a modern girl’s guide to personal finance and GET FINANCIALLY NAKED: how to talk money with your honey. She is on Faculty at The Omega Institute and serves as a Financial Fellow at Wellesley College. Manisha is also a member of The Wall Street Journal’s Wealth Experts Panel, a member of the 2015 CNBC Financial Advisor’s Council, and wearing her financial educator’s hat serves as a part of TIAA-CREF’s Women’s Initiative. 

Manisha's financial advice has been featured in a wide range of national media outlets including CNN, PBS, NPR, The Today Show, Rachel Ray, The New York Times, The Boston Globe, The LA Times, Real Simple, Women’s Day, Glamour, Essence, and MORE magazine.

Prior to joining the Buckingham team, Manisha spent over twenty years working in financial services. On the institutional side she worked as an analyst, portfolio manager and client relations executive at SG Warburg, Atalanta/Sosnoff Capital, Fayez Sarofim & Co., and Sands Capital Management. After this she moved to the retail side and ran her own independent registered investment advisory firm, MoneyZen Wealth Management. 

Manisha earned her MBA from Harvard Business School in 1997, her BA from Wellesley College in 1992 and is a CFA charterholder. She lives in Portland, OR where she delights in the amazing Third Wave coffee scene and stunning natural beauty of the Pacific NorthWest. Manisha’s website is MoneyZen.com.