A new study found that when we eat out at restaurants, only 18% percent of what we pay covers the actual cost of food. So here’s what not to order, because you could make it at home for a lot less.
Let’s start with a breakfast favorite: Pancakes and eggs.
In general, experts say you shouldn’t order anything you can easily whip up yourself at home. That’s because restaurants buy basic ingredients like eggs, flour, milk and butter in bulk. So, chefs pay pennies for that stack of pancakes with eggs!
Another item you shouldn’t order: Chicken noodle soup. The rule of thumb in restaurants is that you get the most value ordering complex meals, that are time-consuming to make. But chicken noodle soup is just the opposite, since chefs can make a huge pot of soup from a bag of pasta and one chicken and then serve it for days at an average cost of 30 cents a pop!
The 3rd thing you shouldn’t order: Shrimp Caesar salad. The problem here is the word “shrimp,” which adds what’s called “perceived value.” That’s the amount people are willing to pay, because we assume that seafood costs more.
The reality is that many chefs use farmed shrimp in salads, that likely costs less than chicken.
“Home style” meatloaf: Experts say restaurants love to use buzzwords like “Grandma’s favorite,” or “home style,” because research shows that people are willing to pay more for foods that sound “authentic” and “traditional.” But think about it: Meatloaf is as generic as it gets since the ingredients are basically meat mixed with whatever leftovers are on hand!
One more item not to order: Gourmet burgers. Experts say people tend to get thrown off by foods topped with “exotic” sounding ingredients like saffron, lemongrass, or chipotle aioli.
That’s because most of us have no idea how much that stuff really costs so we don’t think twice about plunking down $10 bucks for a burger that likely costs a buck or two to make.
Everyone loves a good deal, but sometimes a so-called ‘bargain’ could end up costing major bucks! So here are some money traps to be aware of the next time you’re looking to save. We found the… Thinking About Money Makes Most People More Selfish It would be nice if the more money a person made, the more they helped others. Bill Gates is a shini… How to Avoid These Common Money Wasters If you think you’re doing a good job saving money, think again! You could be throwing it away … Shop-Lifting Has Gone High Tech This year, North Americans will spend over $220-BILLION shopping online. Buyer beware – the mo… The Best Places to Sell Your Items Maybe it’s the economy. Maybe you want a little extra fun money. Or maybe you just got a late … Your Brain is Costing You Big Bucks! Why? Because when you’re in a store and you see something you like, the decision of whether to… You Can Always Improve Your Financial Situation No matter what your financial situation, you can always improve it. Here are some of the secrets tha… Save Your Money! If you want to buy a house – and not live on ramen noodles in your 60s - you’d better st… Money Concepts Everyone Should Know Think you know money? According to new research by the National Council on Economic Education, the a… There's a new book on the market called "The Automatic Millionaire" by David Bach And he thinks anybody can be a millionaire by the time they retire if they do one thing...Save. Let'… Estate Sale Secrets Any given weekend, odds are there’s an estate sale taking place in town. Estate sales happen w… Banks Are Counting on You to Spend More Than You Have Almost everyone has a debit card these days. They’re a really convenient way to pay for things… If you don't want to be broke by January, follow these tips from financial expert and author Ellie Kay. She wrote the book, "A Woman's Guide to Family Finances" but you don't need to be a woman or have a … Lower Your Grocery Bill The economy has never been tighter, and if you’re like the average person, you spend about 20%… New and Creative Ways to Earn Money In these tough economic times, many people are exploring new and creative ways to make ends meet. So…
Tips for a Successful Job Search Job Interview Questions To Ask Potential Employers What questions do you have that show hiring managers that you have prepared for the interview? Here … The Psychology of Driving Why do we buy the cars we buy?… Avoid Tattoos & Body Piercings DEBT FREE College Graduation Call in SICK on These Days Don't Get Ripped Off at the Supermarket You might be getting ripped off at the supermarket, because some things aren't as healthy as they s… Savings Traps to Avoid Best Times to Take Over The Counter What Are You Scared Of? Do You Have A Pushy Boss? Words of Wisdom from Dr. Oz Venting About Your Job on Facebook is a Protect Yourself From Bad Tax Preparers Safety Devices That Are A Must Have In For the safety conscious, side and head curtain airbags in newer cars have been shown to reduce fata…