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.
It's Wise to Negotiate Prices and Fees Not only can you survive during these tough economic times – you can thrive. The key is to JUS… Beat the Crowds and Save Money During the Biggest Shopping Time of the Year. The biggest shopping time of the year is now! So here are a few expert tips on how to beat the crowd… Okay, ladies this one's for you. How can you become more financially secure? Think more like a man! Okay, ladies this one's for you. How can you become more financially secure? Think more like a man! … Are You in the Market for a Used Car? Good for you because new cars depreciate in value about 20% the moment you drive them off the lot! I… Tips to Help You Spend Less The average North American household carries a nine thousand dollar balance on their credit cards. S… Are Outlet Malls Really a Bargain? The out-of-control economy has made outlet malls more popular than ever. Do they really offer great … Women buy more new cars than men do. But they pay more for them. That's according to Time magazine. And most of the time, a woman will bring a man to the dealership … If the ka-ching of the cash register makes you giddy. If the swipe of your credit card gives you a high. There's now help! If the ka-ching of the cash register makes you giddy. If the swipe of your credit card gives you a h… Fake Money Has Real Consequences Fake money has real consequences. That’s the gist of a new warning from the Federal Trade Comm… Helpful Tips to Avoid a Tax Audit Here is a list of ways to help you avoid a tax audit. Of course, you can’t cut your odds to ze… Peer-To-Peer Lending Is Becoming More Popular These Days Not too long ago, it was fairly easy to get a bank loan if you needed to borrow money, but as credit… Money. It may not be the root of all evil, but it can be the root of a lot of marital trouble. According to Money Central .com, the problem is that most couples don't find a system that lets them… Are You in the Market For a New Car? Don’t get swayed by all the cool and flashy accessories! If you’re not careful you can s… What’s the best way to get a great deal when you buy a car? Get the facts before you hit the show-room! Here are a few tips from Burke Leon, author of "The Insi… Who couldn't use a little more money? If you'd like your boss to pump up your paycheck, here are some tips on how to land the well-deserve…
Impress the HR Computer to Get the Are Your Online Accounts Safe? Using common passwords makes it easier for hackers to break into your computer. Since most people … Things You Need To Know About Your Car Insurance Did you know you should carry more than the minimum required? Here's why!… Good Signs at an Interview Tricks to Booking Low Cost Holiday Travel One trick is to be flexible and don't fly on peak travel days.… The Science of Shopping Save Money on Valentine's Day Flower Unclaimed Property & Money Website Scams Don't be scammed by online thieves… Email Rage Can Get You Fired Get Out of Debt - Go On A Debt Diet How To Ace A Job Interview Here's how to ace a Group, Skype and Phone interview… DON'T Make These Mistakes After You Get Keep From Being Rude at Work 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… Student GPS System