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.
Topics
Save Money on Valentine's Day Flower
The Psychology of Driving
Why do we buy the cars we buy?…
Job Interview Questions To Ask Potential Employers
What questions do you have that show hiring managers that you have prepared for the interview? Here …
Are You Looking For A Job?
Resumesponge is a social networking site for job seekers, similar to Linkedin. You can post your r…
Protect Yourself From Bad Tax Preparers
What Landlords Can & Can Not Do
DEBT FREE College Graduation
Credit Card Fraud is on the Rise
Last year over 15 billion dollars were charged to stolen credit card accounts. Thieves buy ipads, co…
Words of Wisdom from Dr. Oz
Savings Traps to Avoid
Tips for a Successful Job Search
DON'T Make These Mistakes After You Get
Act Disappointed, it's the Best Negotiation
It turns out that you are more likely to get your way when you act disappointed instead of getting m…
Things You Need To Know About Your Car Insurance
Did you know you should carry more than the minimum required? Here's why!…
Avoid Tattoos & Body Piercings
View Comments