- Category: Saving Money
- Published on Thursday, 03 January 2013 12:18
- Written by MAP Financial Solutions
If you love to eat out, raise your hand. Um, that should have been everyone. Awww, the joy of eating out. You sit and your food is cooked and brought to you, it is a beautiful thing. While I am a “sucker” for eating out, even if it is Chipolte, it still comes with a very hefty price and ultimately the price of convenience catches up with us!
A survey conducted by http://www.bundle.com found that in 2010, residents in Colorado Springs spent $3,003 on dining out and $5,481 on groceries. Reverting back to dining out, that is an average of $250.25 per month on eating out alone! We also ranked #15 of the 95 cities observed in total amount spent on food in 2010.
The Point? Eating out is EXPENSIVE. Do you value eating out more than you value a savings account when you are 65, a college education for your children or an emergency savings fund? If you answered NO to these questions, then it might be time to evaluate how much you are spending on eating out per month. Cut it back, and allocate that additional opportunity to things that you will value more in the long run.