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.
Easy Things You Can Do to Keep Cash In Your Bank Account They come from Reader’s Digest. For example: Reevaluate your auto insurance rates. You can sav… Retail Stores LOVE to Offer Rebates You know why retail stores LOVE to offer rebates? It’s because only about half of customers ac… Here's What To Do If You're Middle-Aged and Haven't Started Saving for Retirement If you’re middle-aged and haven’t saved a dime for retirement, don’t panic. You… Improve Your Outlook on Money With bad economic news increasing, and the value of our retirement accounts decreasing, it’s e… Avoid Huge Bills This Holiday Season Here are tips that’ll help you avoid racking up a huge bill this holiday season, courtest of Q… Parents Are Offering Financial Help to Their Adult Children When it comes to money, these days, it’s not so much “Brother, can you spare a dime?R… Make Sure You're Financially Prepared for Whatever Life Throws at You From our financial files: Life-changing events like getting married, having a baby, or losing your j… Tricks to Help Your Kid Become a Millionaire Parents: Here are some steps you can take to make your kid a millionaire, according to the experts.F… Why Do We Buy So Much Junk? With the economy in a tailspin, a lot of us have cut way back on our spending. Cutting corners on ev… Guide for Maneuvering Through IKEA Ikea is a great place to shop if you want to save some money, but if you’re not careful, the s… The Common Scams Sellers and Buyers Fall For With more than 50 million people on Craigslist, there are 50 million possible opportunities for you … Money Tips From a Former Game Show Winner Recently, we took an “insider look” at what goes on behind the scenes at game shows. For… Secrets to Getting the Best Deals If you’d like to save money, listen up! Here are the secrets to getting the best deals, courte… Spot a Scam a Mile Away. Here’s some intelligence for your money. How to spot a scam a mile away. If you hear any of th… Don't Fall for These Money Myths. Would you trade a cup of coffee for a million bucks? According to the website Passion Saving .com, i…
Tricks to Booking Low Cost Holiday Travel One trick is to be flexible and don't fly on peak travel days.… Thinking Yourself To Death Call in SICK on These Days Get Out of Debt - Go On A Debt Diet DEBT FREE College Graduation Student GPS System How to Boost Your Mental Muscle! Email Rage Can Get You Fired Keep From Being Rude at Work Tips To Reach Your Financial Goals This Protect Yourself From Bad Tax Preparers Savings Traps to Avoid The Psychology of Driving Why do we buy the cars we buy?… Is Your Man Having Bromance? Avoid Tattoos & Body Piercings