For many individuals, food expenses represent a major area where money can be saved and allocated towards more meaningful pursuits. Dining out or ordering takeout constitutes a significant financial burden for most people. However, cooking at home offers a viable solution to cut costs. This shift is not without challenges, as missing the ambiance of dining out can be difficult for some. Monthly dinners with friends also add up, leading to further expenditures.
Food often becomes a point of contention in relationships. One partner may feel anxious about financial matters while the other remains indifferent. Despite the difficulty of cooking and cleaning after a long workday, the reward of reducing debt serves as a motivator for many. Eating out five to six days a week can be costly, whereas cooking on weeknights can help limit eating out to weekends.
"During the pandemic we found a butcher that started delivering to homes, and we've continued to place a monthly order. We freeze it, so we always have delicious cuts of meat ready to cook every weeknight. Because we now do weeknights at home, we don't worry about eating out on weekends." -Mary
For couples, analyzing spending habits plays a crucial role in managing finances. It is essential to approach changes in food-related habits with kindness and support. Tracking restaurant and takeout expenses can be complex, as one person might buy lunch at work and another might handle takeout orders.
"I think the hardest part of not eating out is missing out on the vibe. I'm still figuring out how to get the energy of being in a crowded restaurant — that's what I love most about dining out. One of my goals is to start a themed potluck dinner party with friends where everyone brings something — still economically efficient, food is fresher, and you get all the social vibes." -Lauren
Having a shared vision regarding finances is crucial for building a strong financial future together. Couples often struggle with discussing finances, which can lead to discord in their relationship. A structured approach to financial discussions can alleviate these issues.
"We avoid discussing finances, and in the process, we allow money to drive a wedge between us. But in my new book, 'Money for Couples,' I offer a 10-step program for building a shared vision around money, even if you and your partner see money completely differently." -Ramit Sethi
Some individuals have found innovative ways to cut down on dining expenses while still enjoying social interactions. Cooking at home multiple times a week can lead to substantial savings over time.
"We were eating out at least five to six days a week; the only meal we were making at home was breakfast! Now, we cook every Wednesday and Sunday and we eat leftovers at least one night, which saves us a ton of money. I allocate my part to credit card debt. It's hard after a long day to cook and clean up afterward, but watching that debt go down is rewarding." -Rosana
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