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

submitted 1 year ago by Blaze@discuss.tchncs.de to c/personalfinance@lemmy.ml

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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!

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[–] rar 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?

[–] bakachu@sh.itjust.works 2 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.