Enjoying a break from cooking by dining out is not just a welcome break, it’s also a favorite way to socialize. Yet, with Americans averaging $3,008 per year on dining out, it’s evident that a balance must be struck. So, how can you budget for those meals at restaurants without compromising your dining experiences? Here are seven strategies to get you started.
BUDGETING, PLANNING, AND PREPARATION
Knowing when you have social gatherings and special events allows you to schedule your dining out days and budget for them. Earmark a certain amount of money specifically for those occasions.
If you are a regular lunch diner, consider bringing lunch from home and save up. And if you have already decided your restaurant, explore the online menu and plan your order to set aside a realistic sum and avoid overspending. These three straightforward steps can help you successfully plan and budget for dining out.
MAKING SAVVY CHOICES ON WHAT AND WHEN TO EAT
The dishes you choose and the time you choose to dine out can significantly affect the cost. Dining out on weekdays can be cheaper with some restaurants offering weekday specials. Evening meals are typically the most expensive, so eating earlier could save you money.
AVOIDING SEVERAL COURSES
Consider a single course dining experience to save money. Maybe just enjoy appetizers with friends, or, if you opt for dinner, stick to the main course only. Share a meal or perhaps indulge only in desserts if you have a sweet tooth.
CUTTING BACK ON OTHER EXPENSES
If dining out is routine for you, consider balancing the cost by trimming other spending. In an age where streaming services like Netflix, Hulu, and Amazon Prime are available at lower costs than cable, cutting the cord might be a good option.
COUPONS AND DISCOUNTS
Just as they work for grocery shopping, coupons and discounts can be extremely beneficial when dining out. Restaurants often offer promotions to patrons who order online. Coupon websites like RetailMeNot or Groupon regularly feature restaurant deals that you can capitalize on.
UTILIZING GIFT CARDS
Gift cards are an excellent budgeting tool for dining out. Websites like Cardpool often offer them at reduced prices. Or tell your loved ones that you’d prefer restaurant gift cards as gifts; you can also leave tips using these gift cards.
EXPLOITING FREE DINING OPPORTUNITIES
Certain restaurants offer free dining for kids on specific days, while others offer complimentary meals for servicemen and servicewomen. Also, you may be eligible for a free birthday meal just by signing up for the restaurant’s mailing list.
Balancing your budget and your love for dining out is achievable with some foresight and planning. Regularly check your emails and social media for additional saving opportunities at your favorite eateries. Have you saved money on dining out? We’d love to hear your tips and tricks for economizing.
